Over the last ten months I’ve been acting as an independent adviser to the government’s Red Tape Challenge, which seeks to extinguish unnecessary, burdensome regulations that impede growth.
It’s been a long drawn-out business, but since the reshuffle the coalition has certainly upped the volume on their professed desire to cut back on the vast swathes of red tape and regulation stifling businesses and deterring enterprise.
Las week, Michael Fallon, the new Tory minister for Business and Enterprise, has unveiled government plans to make life easier for so-called “challenger” businesses.
“Challenger” businesses might sound like something out of a Star Trek movie. (The government used to refer to them as “disruptive business models”, perhaps giving the unfortunate impression that such companies were like an unruly schoolchild causing mayhem for the rest of the class.)
But the sort of businesses Mr Fallon is referring to are those that emerge – often at great speed out of a clear, blue sky – and pose a fundamental challenge to the orthodox order.
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