Cuts to regulations set to make home building cheaper
Prime minister David Cameron is set to announce cuts to regulations which will significantly reduce the cost of building new homes.He will pledge to help house builders by reducing the number of overlapping standards applied to new properties from 100 to less than ten. It is expected the move will save home builders around £60 million a year, or £500 for every new home constructed.The prime minister will also announce plans to make it easier for firms to meet environmental obligations by cutting around 800 pages of guidelines and saving businesses around £100 million per year.He is to announce the plans in a speech to the Federation of Small Businesses. He will also pledge to counter EU bureaucracy by lobbying the Commission to implement 30 recommendations from the government's business taskforce. The prime minister will point to the government's record at reforming health and safety regulations. It has already scrapped some inspections and is planning to ditch "over-zealous" rules.Mr Cameron is expected to say: "Supporting business is a crucial part of our long term economic plan, creating jobs and security for all. That is why, among so many other things, I have insisted on slashing needless regulation. We will be the first government in modern history to have reduced - rather than increased - domestic business regulation during our time in office."Reforms introduced by the government to benefit small businesses include £2,000 of jobs tax for every business and a £1.1 billion package of business rates relief.In recent weeks, help for small and medium-sized enterprises (SMEs), particularly small builders, has been a matter of intense debate. Labour has announced plans to help small building firms, pledging to make more small plots of land available and guaranteeing access to public land for such companies.A report by the Public Accounts Committee claimed the government's measures to help SMEs secure access to funding lack a coherent strategy and a vision of how to achieve success.
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