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The government should do more to help small business by cutting down on bureaucratic red tape, the Forum of Private Business (FPB) has said.
Company formation could be affected by the governments new changes which aim to encourage businesses to develop further, FPB policy director Martin Smith said.
He commented: "The governments promised actions are limited entirely to better regulation and there is no recognition at all that a reduction in the stock of regulations is necessary."
The FPB has said that a company formation could be affected by becoming over reliant on regulatory reform without cutting down the administrative burden on business.
This debate comes off the back of the announcement by John Hutton - minister for the Department of Business Enterprise and Regulatory Reform – of his Next Steps to Regulatory Reform.
Meanwhile separate research has discovered that UK businesses are failing to protect themselves against clients who are slow to settle invoices.
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