The Labour spin doctors have been out in force today to try to frighten Conservatives and voters off any idea that we should take action to allow the
enterprise sector to create more and beter paid jobs. Apparently the government
believes that every word and paragraph of the thousands of regulations that crowd down on us are essential. They also seem to believe that if any one of them were removed businesses would be busy treating their staff badly and taking risks with health and safety.
Even by Labour standards it’s pretty sorry caricature. Labour Ministers should get out more. They would discover that there would be more jobs if there were fewer regulations. They might even discover that some things would be better with fewer regulations. Take pensions for example. The last few years have seen unprecedented levels of very proscriptive regulation, and have also seen record levels of scheme closure, bankruptcy and deficits.
Business knows that the cumulative impact of too many regulations has been to take too much money and too much management time away from new products and services, away from treating customers better, away from creating new jobs.
We need to curb them - both to make the UK more prosperous - and to make it
safer, cleaner and greener.
Quite right. From what I read in the Sunday Telegraph yesterday most of Redwood's proposals are on the money and essential if we are to restore the levels of competitiveness our economy needs.
UPDATE: Dizzy questions the timing of all of this.