Cable: Regulation a last resort

Business secretary Vince Cable comments on regulatory reform:

“Together these measures represent a fundamental shift in how Whitehall has traditionally used regulation as a way to command and control.

“We have to move quickly delivering credible and meaningful reductions in the burdens that hinder hard-pressed businesses and charities. We have to create a common sense approach in the way we think about new laws.

“By ensuring regulation becomes a last resort, we will create an environment that frees business from the burden of red tape, helping to create the right conditions for recovery and growth in the UK economy.”