Last week, six British business leaders reported back to the Prime Minister with an ambitious package of 30 reforms to slash EU red tape. Taken together, the proposed measures could save Britain tens of billions of pounds: securing our economic recovery and creating jobs in Nuneaton.
The taskforce’s report – Cut EU Red Tape – targets burdensome rules in five key areas of business that will affect Nuneaton:
- Starting out;
- Exporting;
- Expanding a business;
- Developing new products;
- Overall competitiveness.
The PM had asked six business leaders to present their report directly to Cabinet, reflecting the seriousness of the issue, and the Conservative Party’s determination to reform the EU to work better for hardworking people in the town.
Welcoming the report, local MP, Marcus Jones, said: “It’s vital that local business gets access to the EU’s single market. But all too often EU rules are a handicap for firms in Nuneaton, hampering their efforts. Hardworking people, particularly owners of small firms, are forced to spend far too much time complying with pointless, burdensome and costly regulations. That means less time developing a new product, winning contracts or hiring young recruits. The Conservatives are determined to change that and to get the EU working for business, not against it.
“That’s why the Prime Minister got this Taskforce together: so we could establish from businesses what they really need. This report makes clear there are lots of simple and practical ways to cut EU red tape and save tens of billions of pounds.”
Prime Minister David Cameron said: “We must now persuade our European partners and the European Commission to listen to business and to move faster to reform the way Europe regulates. At next week’s European Council, I’ll be calling for a clear commitment to sweep away unnecessary bureaucratic barriers and to unleash private sector growth - helping to secure the economic recovery for all.”