EU slashing red tape could help 9 out of 10 London firms
THE European Parliament has voted to exempt struggling small businesses from producing onerous annual accounts. The amendment to EU company law would vastly reduce red tape for 90 per cent of the businesses registered in London
THE European Parliament has voted to exempt struggling small businesses from producing onerous annual accounts.
The amendment to EU company law would vastly reduce red tape for 90 per cent of the businesses registered in London.
“This will give small businesses the breathing space they need in a tough economic environment,” said London Lib Dem MEP Sarah Ludford.
“Two million businesses in the UK have fewer than 10 employees, including nine out of 10 London firms. This slashing of red tape and costs will boost London’s economy and help create jobs.”
You may also want to watch:
But EU member states would first have to endorse this proposal.
Sarah Ludford is calling on Gordon Brown “to work with Lib Dems to lighten the bureaucratic burden.”
- 1 Leyton Orient still looking to add one or two new signings
- 2 Poplar MP tells court: 'I fled home when brother said I was possessed'
- 3 Covid stats show cases rising across east London boroughs
- 4 John McDonnell is character witness for Poplar MP accused of housing fraud
- 5 Driver demo blocks Uber's Whitechapel HQ in termination appeals dispute
- 6 ‘Humanitarian disaster’ food shortage for East End families in poverty
- 7 Community patrols to stamp out Poplar's street crime
- 8 Apsana Begum's ex-husband may be behind housing bids, trial hears
- 9 A look back at floods which have devastated east London since 2016
- 10 Ice cream parlour with 'no added sugar' to open in Canary Wharf
This would help retail and other businesses in the high street. Lib Dem UK leader Nick Clegg recently launched in London the party's campaign to save independent shops, after 12,000 closed up and down the country last year. He wants reform of business rates and local decisions on whether competition from supermarkets should be permitted, similar to London Mayor Boris Johnson’s high street campaign.