Startups readers advise David Cameron on how to cut red tape
Number 10 is using our forum to hear your ideas on how to change business regulation – make sure your voice is heard!
It’s not every day we receive a call from the PM’s Office, so we were understandably excited to be asked to work with them to try and cut red tape for people starting a business.
Number 10 is using our forum to hear about the regulations that are holding your business back – and crucially, your ideas on how to change things for the better. This appeal is in recognition of the fact that certain regulations are “outdated”, and no longer appropriate for the business models of today.
David Cameron said: “We’ve heard from start-ups that they’re innovating so fast, their innovations are out-stripping the regulation that currently exists.
“At its simplest, deregulation has got to be about making it easier to start a business and making it easier to employ people. I’m determined to do both.”
According to Number 10, any specific regulations that you criticise on our designated forum thread will be “put on probation” – and they have informed us that they will be scrapped, unless the relevant department can justify or modify them.
We all know that politicians can talk a good game, but we were encouraged to see the PM inviting your feedback in this way. As journalists we’re as cynical as they come, and whether action will follow this appeal we cannot guarantee. But we can confirm that Number 10 is reviewing our forum thread, and that they are very keen to hear your ideas.
Entrepreneurs like you frequently tell us that red tape is one of the biggest barriers to your businesses’ success – which is why we were so keen to get involved in this. After all, who better to tell the government how to make the UK a better place to start a business than the people who are doing it right now?
This really is a direct line to the decision-makers – so please take this opportunity to tell them what you think. If you’ve been held back by regulations that were designed for another age, or if you have ideas about how the government could make UK legislation more business-friendly for you and generations to come, then join in the conversation on the Startups forumand make your voice heard.
In the meantime, here’s our pick of some of the great ideas we’ve already received on Twitter, on what you think the government should be doing to help people starting their own businesses.
@joninashby: Set up an L20 in each area (like the G20 only [L]ocal) to encourage larger firms to engage with local businesses
@MassiveMessage: More support and tax efficiency for individual investors to get involved in start ups, e.g. @Crowdcube
@MassiveMessage: Keep investing in digital infrastructure. It allows many more forms of micro biz to start and flourish #ThinkBig
@FPLondonJobs: Start a nationwide grant scheme like @e_nation with upper limit of 2.5k to help new #startup companies
@tangentreality: Raise VAT registration threshold to £250K – taking millions of small companies out of VAT rules
@tangentreality: Tax-exempt micro-businesses (self-employed or limited) with turnover of less than £25K. Abolish Employer NI – which is effectively a payroll tax.
@Suw: How about better tax structures for very small businesses and start-ups? Current is onerous
@hannahbell232: I’m just setting up my company in Cumbria. I had lots of help from @Furness_Ent they were fab, more of this please
@LizRichards1979: I own a micro ltd company. Would be great if HMRC were able to send out required paperwork in one pack. #startups
@janetdelicakes: Create more small space shops like AbbeyArcade West Malling (rent rates power all included) gives startups a chance
@SanityChecker: Less H&S. Less taxation. Less Public Sector tax burden. Tax breaks on investment for companies delivering growth, employment etc. What would you add to this? Tell us (and the PM!)