Gareth Osborne, director-general of APA, said red tape is affecting British firms, meaning action is needed now to safeguard productivity as the recession shows signs of recovery. He echoed claims made by other bodies that regulations have cost businesses £76 billion since 1998 and it is the responsibility of politicians to set them free.
Gareth said: "Given the current economic climate and the need to let business create jobs, there should be a moratorium on new employment laws."
His comments came after shadow chancellor George Osborne told the Conservative Party Conference in Manchester that no new business regulations would be introduced without a compensatory cut elsewhere should the Tories come to power at the next general election.
Meanwhile, Richard Lambert, director-general of the Confederation of British Industry and David Frost, director-general of the British Chambers of Commerce, also welcomed the shadow chancellor’s proposal.
Gareth, APA.
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