Stephen Hammond
Main Page: Stephen Hammond (Conservative - Wimbledon)Department Debates - View all Stephen Hammond's debates with the Department for Education
(11 years, 11 months ago)
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Stephen Hammond (Wimbledon) (Con)
1. What steps he has taken to reduce the burden of regulation on (a) small and medium-sized and (b) other businesses.
The Minister of State, Department for Business, Innovation and Skills (Mr Mark Prisk)
The Government take a comprehensive approach to cutting the burden of red tape. We have capped the cost of new regulation, identified hundreds of existing regulations to be scrapped, and introduced a moratorium on regulation for all micro-businesses.
Stephen Hammond
Small businesses in Wimbledon tell me that the two incentives to growth are access to lending and deregulation. Will my hon. Friend be a little more explicit about what the red tape challenge might bring those businesses in my constituency?
Mr Prisk
Progress on the red tape challenge is very important. We have now reviewed some 1,500 regulations, and Ministers have agreed to scrap or substantially overhaul 59% of them—some 887 regulations. That will make a real difference to businesses in Wimbledon and, indeed, elsewhere.