At last, the Government publishes what it will do to help businesses.

Posted: Thursday, 20 May 2010 @ 12:00

The long-awaited Full Coalition Agreement has now been published, which sets out what the coalition intends to do during its time in office.

Refreshingly, it has a section specifically on business, something which the individual party’s manifestos failed to do. Unfortunately, there are a lot of promises to “review”, “look into” and “consider”, which doesn’t help when SMEs are desperate for help.

The government’s main promises, as far as SMEs are concerned, are as follows:

  • Reducing red tape by introducing a “one in one out” policy whereby, if a department introduces new regulation, it must abolish at least as much existing regulation.
  • Focusing on “co-regulation and improving professional standards” rather than “tick box” regulation.
  • Introducing sunset clauses (whereby regulations only last for a certain amount of time unless actively renewed).
  • Giving the public the opportunity to challenge the worst regulations.
  • Reviewing IR35 to reduce administrative burdens or uncertainty on the self-employed, or restrict labour market flexibility.
  • Finding a way to make small business relief automatic.
  • Reforming the corporate tax system by simplifying reliefs and allowances, and tackling avoidance, in order to reduce headline rates.
  • Local authorities to take competition issues into account when considering retail planning issues.
  • Review of employment law.
  • Making it easier and quicker to create a company and moving towards a “one click” registration model.
  • Ending the ban on social tenants starting a home business.
  • Introducing an aspiration for putting 25% of State research and procurement contracts out to SMEs.
  • Considering implementing the Dyson Review to help hi-tech businesses.
  • Reviewing regulations concerning takeovers.
  • Ending the ‘gold plating’ of EU rules, so that British businesses are not disadvantaged relative to their European competitors.
  • Creating Local Enterprise Partnerships to take over from Regional Development Agencies other than in areas where the latter were popular.
  • Taking steps to improve the competitiveness of the UK tourism industry.

Gary Cousins
Business Solicitor

     





Blog by Gary Cousins
Gary has been providing legal advice to shareholders, directors and business owners for over 25 years. Specialising in dispute resolution Gary is based in Birmingham with clients throughout the UK and overseas. View profile
Call Gary on +44 (0)121 778 3212 or by email
This blog is not intended to constitute legal advice, nor is it intended to be a complete and authoritative statement of the law, and what we say might be out of date by the time you read it. You should always seek legal advice to confirm whether or how any information in this article applies to your particular situation. We offer a free telephone consultation to discuss your particular circumstances.

Comments

  • There are no comments for this page - click here to be the first

Need legal advice for your business? We can help

Directors

Directors
Practical advice and legal support for company owners and directors.

Disputes

Disputes
In dispute with a customer or supplier? Get practical advice and support.

Your legal advisor

Your legal advisor
Board level legal advice without the costs of an in-house lawyer.

Speak to a lawyer

Speak to a lawyer
Thank you. Your response is great, very straight to the point! Hopefully this will bring an end to the matter. I will certainly be recommending your services as I am very impressed with the prompt dealing of this matter.
Janet Burbidge

Get legal updates

Enter your email address to receive our monthly Blog Newsletter


We will keep your email safe in accordance with our privacy policy.

Get the FREE definitive guide to solving business disputes

Speak to a lawyer

Get legal updates

Enter your email address to receive our monthly Blog Newsletter
The Law Society
Top