Regulations

Businesses broadly support the idea of a 're-negotiation' of the UK's relationship with the European Union, a survey conducted by the British Chambers of Commerce (BCC) has revealed.

Businesses will benefit from dozens of cuts to regulations which came into force this week, including a simplification of the ways firms can use assets to raise finance, the Government has said.

The number of workers on contracts with no guarantee of regular hours or pay doubled to 200,000 during the last six months of 2012, figures from the Office for National Statistics (ONS) show.

The Financial Services Authority (FSA) has been replaced by two new regulatory bodies, which will aim to monitor financial institutions and better protect consumers.

Half of the 115 regulations affecting the day-to-day running of UK businesses are to be removed, according to initial findings from the Government's Company and Commercial Law Red Tape Challenge.

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