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Main points of the Enterprise and Regulatory Reform Bill

Posted: 1st June 2012   In: Business Employment

Improving the employment tribunal system and setting up a new Competition and Markets Authority are two of the main points of the new Enterprise and Regulatory Reform Bill.

It will also tackle directors’ pay and the burden of red tape.

The Government says the Bill is a central element in its drive to deliver strong and sustainable growth. It will do so by:

The Bill also aims to simplify regulation by reducing inspections and providing SMEs with advice on how to comply with regulations in areas such as trading standards, health and safety, and environmental health.

It will also repeal some unnecessary regulations and put a time limit on new ones through sunset clauses.

Business Secretary Vince Cable said: “We want to make sure the right conditions are in place to encourage investment and exports, boost enterprise, support green growth and build a responsible business culture.

“The measures in the Enterprise and Regulatory Reform Bill will help make Britain one of the most enterprise-friendly countries in the world. It will improve our employment tribunals, reform and strengthen competition enforcement, scrap unnecessary red tape and help ensure that people who work hard and do the right thing are rewarded.”

The Bill now begins its process through Parliament. We shall keep clients informed of developments. In the meantime, please contact Robert Bedford if you would like more information about the issues raised in this article.