More than 3,000 regulations are to be ruled out of health and safety inspections on small businesses, as ministers will review the case on Monday in a bid which will also save companies money.
The announcement will lead to thousands of safe businesses, such as retail, offices, public houses, being exempt from inspections as ministers recognise the process can add unnecessary pressure to businesses.
The changes are expected to take effect as of April 2013, and it is also expected that legislation will be introduced to protect companies from compensation claims.
The overhaul will mean that only companies who are at higher risk, such as construction firms, will face the inspections.
Business Secretary, Vince Cable, thinks businesses should be concentrating on their success rather than being occupied by red tape issues.
He said, as quoted by the BBC: "I've listened to those concerns and we're determined to put common sense back into areas like health and safety, which will reduce costs and fear of burdensome inspections."
The news comes as Mr Cable will reveal the industrial strategy this week, which is thought will benefit car manufacturers and aerospace companies, among others, in a bid to impact future economic growth.
Although some trade unions oppose the move, wanting safety to remain paramount in the operating of businesses, the British Chambers of Commerce agrees with the health and safety inspection changes.
Director of policy and external affairs at the British Chambers of Commerce, Adam Marshall, told the Telegraph: “Ensuring that low-risk workplaces are exempted from inspections is a sensible change that will save employers time and money without reducing the safety of workers... The overall number of regulations on the books remains far too high.”
For some people the action against the red tape allegedly comes too late, as Sainsbury’s Chief Executive, Justin King, who endorses Mr. Cables plans, expressed to Sky News. But the aim of setting the UK back on track looks to growth through skills and technology according to Mr Cable.
Disclaimer: Supanet is not responsible for, and disclaims any and all liability for the content of comments written by contributors to this website
Jenny McCarthy sizzles in new salad advert
Ex-HTC bosses set-up Kazam smartphone manufacturer
EU car sales lowest since 1993
Ascot Racecourse – A Special Event
Decade-by-decade guide to better retirement
How to claim compensation for whiplash injuries
Average home asking price exceeds £250,000
Twigg suggestions for educational decisions
Mick Jagger’s hair to be auctioned in London
Focus on: Tesco offers 0% on card debt - for no fee
China company invests in UK yachts
Current account switching gets easier
Health watchdog CQC accused of ‘cover up’
Deaths in care homes have increased
| Lender | Chelsea BS 60% LTV | C&G (Direct) Remortgage 60-75 | Tesco Bank Remortgage |
| Initial Rate | 1.69% | 1.89% | 1.95% |
| Duration | To Jul 2015 | To Aug 2015 | To Jun 2015 |
| Revision Rate | 5.79% | 3.99% | 4.24% |
| Overall Cost for Comparison | 5.2% APR | 3.9% APR | 4% APR |
| Max LTV | 60% | NA | NA |
| Fee | £1675 | £2094 | £995 |
| Early Repayment Charge | 3% of outstanding loan for scheme period... | 3% of outstanding loan before 31/08/2014... | 2% of outstanding loan for scheme period... |
| Apply | Apply | Apply |
Your home may be repossessed if you do not keep up repayments on your mortgage.
Moneysupermarket.com Limited is an appointed representative of Moneysupermarket.com Financial Group Limited, which is authorised and regulated by the Financial Services Authority (FSA FRN 303190).
Powered by
MoneySupermarket are free, independent & compare all UK loans & credit cards as well as offering exclusive deals you won't find anywhere else. MoneySupermarket House, St David's Park, Ewloe, Flintshire CH5 3UZ
Government looks for improved university acceptance
Nigella’s husband Charles Saatchi is cautioned
Fewer pubs need CCTV to keep license
5 ways to save for down payment for first home
Greener homes increase value, says research
Russell Crowe honoured at a Film Festival
Duke of Edinburgh has left hospital
| Top Credit Card Deals | ||
| Representative APR | ||
| Tesco Bank | 16.90% | Apply |
| M&S | 16.90% | Apply |
| Lloyds TSB | 17.90% | Apply |
| Powered by |
||