Tories call for de-regulation summit over business productivity

The
Conservative Party is proposing a de-regulation summit this autumn to discuss
ways to increase UK business productivity.

Shadow
chancellor Michael Howard claims 4,642 regulations were introduced last year,
and said the growing burden of regulation is undermining the efficiency of
business.

Today
at the Conservative Central Office, he is set to argue that increasing
complexity and the number of regulations is damaging productivity and
competitiveness in the UK, which, in 1997, was "one of the most flexible
and competitive economies in Europe".

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Howard
said he wants to bring together big business and trade unions in the autumn for
a de-regulation summit to discuss the business burden of regulation.

By Paul Nelson