Partly Cloudy

Partly Cloudy

max temp: 4°C

min temp: -2°C

ESTD 1874 Search

East Anglia: R3 says region’s firms believe burden of red tape has increased

09:00 28 May 2014

Frank Brumby, eastern region chairman of R3.

Frank Brumby, eastern region chairman of R3.

Archant

Only one in every 10 businesses in the East of England believes the burden of regulation has fallen since the 2010 General Election, despite Government promises to cut red tape, according to a new survey.

And the study, carried out by R3, the trade body for insolvency and corporate recovery professionals, found that about one third of firms in the region believe the regulatory burden has actually increased, while around half feel it has stayed the same.

R3 eastern region chairman Frank Brumby, a director at Isadore Goldman, said: “The Government’s record on deregulation has been decidedly mixed so far.

“Although the sentiment behind ideas like the ‘one-in, two-out’ rule is laudable, it is not clear that the regulations being removed are being noticed much by businesses.

“Speaking from the insolvency profession’s perspective, we have seen ‘deregulatory’ ideas proposed by the Government that would actually add to the regulatory burden of the UK’s insolvency practitioners. Business and Government aren’t necessarily seeing eye-to-eye on deregulation.”

R3 − the letters stand for “Rescue, Reovery and Renewal” − promotes best practice for professionals working with financially troubled individuals and businesses, with all its members being regulated by one of nine recognised professional bodies.

Search hundreds of local jobs at Jobs24

1 comment

  • Oh No !, not another tory failure ?, another broken promise ?, too busy with their 'privatisation' programme !!

    Report this comment

    freedomf

    Wednesday, May 28, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

Could your savings work harder for you?

January is a difficult month, and saving is the furthest thing from your mind as you pay off the inflated credit card bills and eek out December’s pay packet.

The  Mersea Island Holiday Park, acquired by Away Resorts a year ago.

Fast-growing UK holiday parks operator Away Resorts, which last year acquired the Mersea Island park in Essex, has expanded again with a deal to buy the Sandy Balls Holiday Village in Hampshire, bringing its portfolio of properties to a total of six.

Sam Bouton making truffles in her kitchen.

Last September, Suffolk-based Sam Bouton decided to join the Menta-ERDF Business Start Right Programme and launch her own business, Truffles Et Al, creating hand-made luxury truffles.

Petticrow Quays in Burnham on Crouch.

A north Essex property management company which looks after nearly 160 developments across the East of England and the South East has secured two new contracts.

Jill McDonald, chief executive of Halfords.
Photo: Tom Stockill

Halfords will join the party of retailers updating the market on festive trading this week, with experts forecasting it to emerge as another Christmas winner.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24