IPSE welcomes report to cut red tape in Europe
With the group beginning work in 2007 the report has been a long time coming. It is hoped that the European Commission will approve the suggestions that would truly exempt microbusinesses from EU legislation and significantly cut red-tape coming from Europe.
Andy Chamberlain, Senior Public Affairs Manager at IPSE said,
& lsquo;Though not yet approved, the panel’s report is a step in the right direction towards supporting microbusinesses and a reduction in unnecessary bureaucracy.
& lsquo;Microbusinesses are disproportionately affected by compliance with EU regulations, which increases their costs and administrative burdens. If its recommendations are adopted, the panel estimates that small businesses in the EU could save up to &euro41bn per year.
& lsquo;Particularly pleasing is the recommendation to fully apply the & lsquo;Think Small First Principle’ to all legislative proposals. This would ensure consideration of microbusinesses and SMEs are at the heart of new proposals and exempt them from EU regulations.’