According to the FPB's latest Referendum survey on the ‘cost of compliance', small business employers devote an average of 37 hours each month to complying with regulations. The FPB believes that reducing the time and cost of complying with legislation must not be sidelined, particularly as many firms are struggling to survive because of the recession.
The FPB's Policy Representative, Matt Goodman, will attend a meeting of the Better Regulation Executive (BRE) on Friday, 26 June 2009. The meeting follows reports that the Government is not pushing through plans to reduce regulation following its scrapping of ‘regulatory budgets' that had been earmarked for individual departments.
In addition, two committees on regulation announced by Peter Mandelson in April, the Secretary of State for Business, Innovation and Skills (BIS), have still not been set up. Further, in a recent blog on its website, and ahead of the publication of the Treasury's forthcoming consultation on regulating lenders, the BRE said that ‘financial services [are] at the forefront of our issues now'.
Read more: http://www.fpb.org/news/2194/Small_businesses_buckling_under_the_burden_of_regulation.htm
Source: Forum for Private Business
www.ukba.co.uk
Showing posts with label legislation. Show all posts
Showing posts with label legislation. Show all posts
Sunday, 5 July 2009
Wednesday, 6 May 2009
Small businesses losing faith in Government following 2009 Budget
In all, 97% of respondents to the organisation's post-Budget online survey believe nothing has been done to ease the burden of costs they face and 94% feel that the Budget did not address the issues threatening the survival of their businesses.
Fewer than 1% of business owners surveyed thought that the Budget was an effective response to the needs of their businesses. 68% of respondents said it would prove to be 'ineffective' and a quarter that it would prove to be 'harmful' to their businesses. Small firms were more positive about measures announced in the Pre-Budget Report than the Budget according to the FPB's most recent Referendum quarterly survey of members, which was conducted in March 2009. 6% of the business owners taking part said the Pre-Budget Report contained effective measures, 63% believed it was ineffective and 16% deemed it harmful to their businesses.
66% of businesses surveyed before the Budget announcement said that restoring business confidence should be prioritised. In addition, 64% felt that the Government should address plummeting consumer confidence. However, in the latest survey, 91% of small business owners felt that the Budget did not address these issues.
Read more here: http://www.fpb.org/news/2183/Small_businesses_losing_faith_in_Government_following_2009_Budget.htm
www.ukba.co.uk
Fewer than 1% of business owners surveyed thought that the Budget was an effective response to the needs of their businesses. 68% of respondents said it would prove to be 'ineffective' and a quarter that it would prove to be 'harmful' to their businesses. Small firms were more positive about measures announced in the Pre-Budget Report than the Budget according to the FPB's most recent Referendum quarterly survey of members, which was conducted in March 2009. 6% of the business owners taking part said the Pre-Budget Report contained effective measures, 63% believed it was ineffective and 16% deemed it harmful to their businesses.
66% of businesses surveyed before the Budget announcement said that restoring business confidence should be prioritised. In addition, 64% felt that the Government should address plummeting consumer confidence. However, in the latest survey, 91% of small business owners felt that the Budget did not address these issues.
Read more here: http://www.fpb.org/news/2183/Small_businesses_losing_faith_in_Government_following_2009_Budget.htm
www.ukba.co.uk
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