In a move designed to back small businesses and entrepreneurs across the country,Business Secretary Sajid Javid is launching a call for evidence asking for views on what are known as ‘non-compete clauses’.
Such clauses can be written into employment contracts and can prevent individuals from competing against their former employer or working for a competitor for a set period of time, sometimes up to 9 months after leaving a firm. The clauses are only enforceable in a court of law if it protects a legitimate interest and is reasonable.
A continued red tape drive could deliver a total £20 billion of savings by 2020, by scrapping even more pointless regulations.
The Red Tape Challenge was driven by 30,000 businesses and members of the public from across the UK and overhauled regulation to make sure it works for – and not against – business. This includes heavy duty rules around employment that hinder the creation of new jobs as well as health and safety and environment laws that place unnecessary burdens on firms.
Building on the work of the Housing Implementation Task Force, this review will uncover the issues that have the biggest effect on housebuilders and seek the views of smaller firms to understand the unique pressures they face.
The wide-ranging review will capture the experiences of all those involved in building homes, including developers, planners and trade associations.
It has hardly been a month since Shake Shack got publically listed on the New York Stock Exchange, and the burger chain is already eyeing aggressive global expansion. The Manhattan-based company announced on Tuesday its plans to expand to Japan. The fast-food retailer revealed in the press release that it had found a partner in the country, and will open its first Shake Shack store in Tokyo in 2016.
Access to finance for growing companies
Last year the Chancellor re-confirmed his long-standing support for the creation of a dedicated British Business Bank. However businesses want reassurance that the Bank will live up to its billing as a major new player in British business growth, and they want a firm timetable in place for the Bank’s creation.
The reviews are the first step to working with British businesses to axe unnecessary regulation and its poor implementation by a further £10 billion over the course of this Parliament.
The Government is appealing to businesses to come forward and flag areas for change through the new Cutting Red Tape Programme.
As part of a major new commitment, Business Secretary Sajid Javid will say that he wants to help UK small businesses, branding them the “engine room” of British industry, vowing to get “heavy handed” regulators off their backs.
In his first speech since being appointed Business Secretary a week ago, Javid is set to announce that an Enterprise Bill will form a central plank of the first Queen’s speech of the new Parliament.
PopUp Britain, the retail arm of national enterprise campaign StartUp Britain, warns councils need to act now to create quotas to nurture the British high street entrepreneurs of the future.
Figures released today, uncovered that lower-end retailers like payday lenders, cash converters and pound shops are the only high street sector in growth, while major chain store retailers saw a ten-fold increase in closure, with the potential to hit 28 a day this year.