Last week, Vince Cable, the business secretary, announced plans to reduce the ‘excessive regulation that is stifling business growth’.

As part of Prime minister David Cameron’s vowed to “re-open Britain for business”, the coalition government pledged to cut red tape. The regulatory and administrative burden is often cited by small business owners as the biggest barrier to growing their businesses.

“The deluge of new regulations has been choking off enterprise for too long. We must move away from the view that the only way to solve problems is to regulate,” said Cable.

Read the full FSB press release at: http://www.fsb.org.uk/News.aspx?loc=pressroom&rec=6352