Europe to give green light on red tape cuts - papers 9th March

The European Commission believes the plan to cut unnecessary European red tape by 25% by 2012 would save business at least €150bn (£102bn) a year. The exercise will be driven by the commission's vice president Gunter Verheugen, who is in charge of enterprise and industry. He has already set out 13 priority areas for reform, including changes to company and tax law and the rules on pharmaceuticals, food safety and transport. The British Chambers of Commerce welcomed the initiative as it said EU legislation was an "enormous burden on UK business", says the paper. It estimated almos...