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Scrapping rules to help UK economy
Source: Agencies |
September 11, 2012, Tuesday
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Print Edition
Print Edition
BRITAIN'S government says it will scrap hundreds of regulations affecting businesses, in the hope of boosting the country's lackluster economy.
Business Secretary Vince Cable said yesterday that firms would be exempted from up to 3,000 health and safety laws and other regulations.
"Businesses need to focus all their energies on creating jobs and growth," Cable said.
Safety laws are being loosened for most businesses, aside from hazardous sectors such as construction or for companies with a record of poor performance.
However, experts on health and safety said they were skeptical the changes could provide any spur to economic growth.
Business Secretary Vince Cable said yesterday that firms would be exempted from up to 3,000 health and safety laws and other regulations.
"Businesses need to focus all their energies on creating jobs and growth," Cable said.
Safety laws are being loosened for most businesses, aside from hazardous sectors such as construction or for companies with a record of poor performance.
However, experts on health and safety said they were skeptical the changes could provide any spur to economic growth.
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