The government has unveiled a series of measures in the Queen’s Speech that it hopes will give a ‘boost’ to businesses.Some of the proposals announced were:
- To make it easier for small businesses to access finance and remove red tape.
- Measures to tackle zero-hours contracts and national minimum wage abuses.
- A corporate ownership bill which will make it easier to punish rogue company directors by increasing the period for which they can be disqualified and awarding compensation to victims.
- The Small Business, Enterprise and Employment bill to give business owners fairer access to compete for £230bn worth of annual public procurement contracts.
- Measures to ensure larger companies pay small business owners promptly for work they do for them.
Deputy director-general of the Confederation of British Industry, Katja Hall, said that making it easier for small businesses to tender for public sector contracts were much needed and she welcomed changes for businesses to be able to put pressure on companies who failed to pay suppliers promptly.Prime Minister David Cameron said: “Countries rise when their people rise. So this Queen’s Speech is unashamedly pro-work, pro-business and pro-aspiration.”The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.Setfords Solicitors are a national full service law firm, with business law solicitors in Weymouth and across the country.