Incoming business secretary Sajid Javid has reiterated the Conservatives’ pledge to cut £10 billion worth of so-called ‘red tape’ during the current Parliament.
Mr Javid also announced the formation of a new body to adjudicate in late payment disputes affecting small businesses.
He said: “Small businesses are Britain’s engine room and the success of our whole economy is built on the hard work and determination of the people who run and work for them.
“As business secretary, I will always back them and, in my determination to get the job done, one of my first steps will be to bring forward an enterprise bill that helps them to succeed and create jobs.
“As part of our long-term economic plan, we will sweep away burdensome red tape, get heavy handed regulators off firms’ backs and create a small business conciliation service to help resolve disputes.”
Unions and other groups have expressed concern that the moves could lead to good legislation being scrapped, with employee rights at risk. But in a later interview with the Andrew Marr show, Mr Javid said that the Conservatives will not return to plans for so-called ‘no-fault dismissal’ originally floated in the Beecroft Report.