Earlier this week, I wrote about the burden on business of over-regulation. I suggested that rather than tinker around the edges by getting rid of minor regulations, it would be preferable instead to tackle the problem head on. Why not as a starting point take a mammoth piece of legislation like the Companies Act 2006, which runs to 1,300 sections and challenge how much of it is really required. Take a scythe to it in fact.
Of course, you might say that this is easier said than done. Well so it is, but I mean to try.
So over the course of the next few weeks, I intend to look at specific aspects of the Act and to suggest in practical ways how it might be simplified and indeed improved. For this is not about having no regulation but about having better regulation. Regulation which is easier to understand, easier to comply with and easier to respect. Regulation which is just as effective as what we have now, but cheaper and lighter to bear.