It seems private sector firms have at last gained much needed support from the most powerful political figure in the UK. Prime Minister David Cameron gave a speech at the Conservative Party spring conference in Cardiff where he vowed to personally confront civil servants and other “bureaucrats” who continue to impose needless regulations on private sector firms, with an aim to free businesses from unnecessary red tape.
In the speech, which the majority being devoted to Government promises to help the economy grow, the public sector and Whitehall officials were the targets of Mr Cameron’s confronting criticism, who he believes are “loading costs onto businesses”.
The Prime Minister declared that creating and running a profitable business in the UK is morally and socially right. Mr Cameron also stated that he would be watching UK banks closely to ensure that they are lending more to companies in the UK and changes are made to their business models.
The speech reflects the Coalition government’s frustrations towards the performance of public sector officials, and some ministers privately believe that civil servants stand in the way of their pro-growth policies.
The “enemies of enterprise” are set to be personally challenged by the Prime Minister who believes they are obstructing the path to economic growth by impeding private sector firms.
The speech was thought to be a scene setter for next month’s “Budget for Growth”. The strong words from Mr Cameron will hopefully be followed with strong actions. If this speech was setting the ground for the “Budget for Growth”, it does bring hope that there will be good news for small businesses.
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