- Posted by: Valerie Vaz MP
- Category: News
During Treasury Questions on the 15 November, there were a number of questions to the Chancellor about cutting red tape for small and medium-size enterprises.
I asked the Minister:
“When they cut the red tape and open the box, they will find 2,400 pieces of retained EU law, so what are they going to do to help small businesses navigate all the legislation that is going to drop on them at the end of next year?”
Through the Retained EU Law (Revocation and Reform) Bill, the Government is setting a sunset clause for the end of 2023, at which point all Retained EU legislation is repealed automatically. This will create a bureaucratic nightmare for businesses, including many in Walsall South, and is only adding more burdens and red tape. Business owners are now in a position where they do not know which regulations will be kept and which could change overnight. The Minister’s answer was disappointing and will do little to quash the concerns of businesses and workers across the country.