Summary: We are launching a new online portal which will allow businesses and the public to suggest regulatory reform.
- We are determined to change our approach to regulation so that we can take the brakes off British businesses – allowing them to be free to innovate without unnecessary burdens.
- We are launching a new online portal – Red Tape Challenge – which will allow businesses and the public to provide suggestions for regulatory reform. These suggestions will then be reviewed, and we will look to implement the best ones.
- We want to make Britain the best place in the world to start and grow a business, helping to create more jobs, boost productivity and keep our economy growing.
Background
- The 2018 Business Perception Survey found that 40 per cent of respondents agreed that regulation in the UK is an obstacle. Although this has fallen substantially from a high of 62 per cent in 2009 – under Labour – we want to go further to tackle regulation and the burden placed on businesses.
Our solution
- We are launching a Red Tape Challenge Online Portal so that businesses can tell us where red tape is holding them back. Businesses and the public will be able to submit suggestions for regulatory reform via the portal. The Better Regulation Executive will review these suggestions and work across government to follow through on implementing the best suggestions.
Conservative record
- We have introduced significant measures to make regulations business-friendly – and to cut billions of pounds in red tape – so that they can innovate and grow without unnecessary burdens. Between 2011 and 2015, our Red Tape Challenge process removed or amended large volumes of regulations, making £10 billion of savings for business over four years. We then introduced a Cutting Red Tape Programme between 2015 and 2017 to help cut a further £10 billion of red tape.
Q: Will this undermine workers’ rights?
Absolutely not. We are committed to enhancing the rights of workers and making the UK the best place to live, work and run a business. By focusing on unnecessary red tape which holds back innovation and investment, we will boost growth and raise living standards.
