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The Government has put in place a moratorium for micro firms on all new domestic regulations for the next three years. But the Federation of Small Businesses (FSB) is concerned that micro firms will continue to be hit hard by new regulations that come from Europe – 72% of the total cost of UK regulation now originates from Brussels.
The overall cost of red tape to businesses in the EU is €124 billion a year and there have been more than 100,000 pages of new EU regulations since 1997. New regulations coming from Europe that will impact micro and small firms include:
The FSB is calling on Government to push for stronger changes in the EU to ensure that this constant flow of extra burdens ceases. The FSB is urging MEPs and Commission Officials to ‘think small first' and introduce a one in one out rule for all Commission proposals.