new Conservative Party leader Michael Howard has pledged to reduce the
regulatory burned on companies if he wins power at the next general election.
said that some employers are facing an average of 15 new regulations a day as
well as increased taxation.
also warned that the proposed European Constitution would make it easier for
the EU to hand down more legislation to UK businesses.
you have a situation where the extra cost of red tape and taxes since 1997 has
reached up to £15bn a year, as the CBI has said, then sooner or later that is
bound to affect the ability of businesses to win orders and create jobs,"
said the Conservative party would introduce a lighter touch on legislation and
impose sunset clauses, so old regulations would lapse after a set time period.