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DTI publish plan to save businesses up to £700 million
The DTI has recently published an ambitious simplification plan to save business up to £700m a year as part of a cross-Government drive to cut red tape. The plan sets out just how the DTI will deliver specific cuts in administrative burdens and marks a major advance towards a challenging target to cut 25% of all DTI red tape by 2010.
Advice and input from business, employee and consumer bodies has been crucial for the department's ongoing work on better regulation. This plan will build on an earlier draft published a year ago. Trade and Industry Secretary, Alistair Darling said:
"Britain is already one of the best places to do business but we must do more to ease burdens. By cutting unnecessary red tape and making essential regulation simpler we can help sustain a strong economy. "The plan published now is the product of listening to business. By continuing to work closely every step of the way we can make simplification a reality. We are determined to do that."
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