Government issues promise to cut business regulation

Although the bulk of this substantial regulation-cutting exercise is targeted largely at smaller businesses across all sectors of enterprise, the nine-page Treasury statement details the timetable under which financial regulation could be reduced, although the intention to do so is a general statement at this stage. Announcing plans for tackling regulatory concerns, chancellor Gordon Brown this morning said: “A new trust between business and government is possible, founded on the responsible company, the engaged employee, the educated consumers – and government concentrating its energ...