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12/02/2009
FSB: Delay new laws |
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The Federation of Small Businesses (FSB) has urged the government to postpone the introduction of a raft of new laws.
Small businesses could be out of pocket to the tune of £800 million by their passing and the FSB believes the laws will only heap more financial pressure on struggling smaller companies.
The FSB is advising the government to reconsider extending flexible working to parents of children up to the age of 16, as this will cost small businesses £61 million.
It also states that increasing staff holidays by four days could result in small business being £724 million out of pocket.
John Wright, national chairman of the FSB, says smaller organisations should be able to concentrate on keeping jobs rather than committing extra time and money to paperwork.
"Suspending legislation that could cost small firms up to £800 million will allow them to concentrate on getting the economy back on track," he says.
April 6th and October 1st are the two common commencement dates for new and amended regulations.
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