BCC welcomes fresh tack on EU regulation reform

May 10, 2023

Reacting to news of planned changes to the Government approach on EU regulation reform, Jane Gratton, Head of People Policy at the BCC, said:

“Firms will breathe a huge sigh of relief that steps are being taken to reduce the cumulative burden of red-tape that have placed a stranglehold on their ambition and ramped up cost.

“But they have also been worried about the headlong rush towards the sudden removal of vast swathes of legislation overnight, that could make it harder to compete internationally.

“It is welcome that Government has listened, and the Bill will no longer apply a blanket sunset clause in this way, with the real risk of unintended but negative consequences.  

“We will carefully scrutinise the series of measures which are due to be amended or revoked through the revised Bill. There is scope for reducing compliance requirements upon business in some aspects of employment law, making it better for employers and their staff.

“We look forward to working with Government and other policy makers on crafting the appropriate regulatory balance – protecting certainty for business first and foremost but reforming any outmoded rules in the overall economic interest.”

Talking Points: Inflation and the Need for Coordinated Action

Talking Points: Inflation and the Need for Coordinated Action

The Bank of England has today left interest rates unchanged amid continued global uncertainty. As has so often been the case recently, there was a significant divergence in views around the MPC table - itself a testament to the uncertainty surrounding the economy and...

read more
Say ‘I do’ to getting your side hustle tax right

Say ‘I do’ to getting your side hustle tax right

Wedding season is here – and so is a reminder that income from side hustles may be taxable Anyone earning more than £1,000 may need to register for Self Assessment and declare their income to HM Revenue and Customs (HMRC) A free online tool can help people earning...

read more

Our Patrons