Business Secretary Vince Cable today announced an action plan to “re-open Britain for business” and bring an end to the excessive regulation that is stifling business growth, especially of small businesses. The action plan will establish a new “challenge group” to come up with innovative approaches to achieving social and environmental goals in a non-regulatory way.
Vince Cable said, "The deluge of new regulations has been choking off enterprise for too long. We must move away from the view that the only way to solve problems is to regulate. The Government has wide-ranging social and ecological goals including protecting consumers and protecting the environment. This requires increased social responsibility on the part of businesses and individuals."
Department for Business Innovation & Skills