Ministers have been asked to “advise” on the effects of planned legislation on business, according to some reports today, with the aim of reducing the financial burden on companies during the economy’s downturn.
Commenting, David Frost, Director General of the British Chambers of Commerce (BCC), said:
“It will be business that leads the UK out of recession. For this reason it is vital that companies are given the freedom to create jobs and wealth.
“The cumulative cost of regulation on business now stands at £66 billion. A moratorium on harmful extra legislation would be good news in what are exceptionally difficult times.”