This in from the Conservative Isle of Wight MP, Andrew Turner. Ed
The Bill is designed to reduce the barriers that can restrict the ability of small businesses to innovate, grow and compete and will open up new opportunities for them to obtain finance to create jobs, expand and export.
It will also cut down on red tape, requiring a target to be published for the removal of regulatory burdens in each parliamentary term, and includes transparent reporting on progress. This will mean future Governments will be committed to reducing these burdens.
Mr Turner said:
“This Bill will include some important changes to give help and support to the many small and micro businesses we have on the Island. As well as improving access to finance from sources other than banks, and making companies’ payment practices more transparent, there will be more support available for those businesses wishing to export.
“A boost for many Island licensees will be the Pubs Code and Adjudicator, included in the Bill, which will provide tied tenants with increased transparency and help to ensure they are no worse off than their free-of-tie counterparts. I particularly welcome the plan to streamline public procurement, making it make it easier for small businesses to gain access to the public procurement market. I would welcome input from the Island’s army of small businessmen before 15th July on any measures they would like to see included in this Bill.”
The Bill also contains measures to greater deter employers from breaking National Minimum Wage legislation, stop the abuse of zero hours contracts and reform Employment Tribunals.
It will also legislate on public sector redundancy pay; preventing public sector workers receiving large pay-outs then simply going on to work elsewhere in the same part of the public sector.
Image: Bloody Hell! under CC BY 2.0
