The Financial Suite

Vince Cable promises one-in one-out policy

Vince Cable, the UK government’s business secretary, has today reiterated the coalition’s aim that there will be no further red tape introduced into the UK business arena. The government is well aware of the massive increase in regulations and red tape under the previous government, although it has to be said that much of the increase in paperwork was as a result of EU directives, and will attempt to reduce the workload.

There is no doubt that red tape is costing the UK business arena billions upon billions of pounds a year although there is a need for some regulation across the board. At a time when business owners in the UK would rather be focusing their attention upon trading they have welcomed this “promise” by the UK government although as ever talk is cheap and actions do speak louder than words.

It has to be said that so far the UK government has fulfilled a number of promises made during the run-up to the election although some have fallen by the wayside. E

Read more…

Tags: Cable, Vince Cable