Labour’s
business manifesto released today commits the party to deregulating “where
desirable” under the new Regulatory Reform Act.
Prime
Minister Tony Blair explained that new regulations would have a time limit on
their duration “where appropriate”.
The
manifesto pledges to modernise health and safety at work, although no further
details are given of the reforms planned.
It
also promises to strengthen the independence and proactiveness of the
competition authorities, giving them “a clear remit to champion competition”.
The
document admits that the government needs to “improve the quality of support to
business, make decisions that affect business more quickly and increase its
understanding of the business environment”.
Labour
also intends to examine what improvements can be made to the regime for complex
and scale monopolies.
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