IoD: ‘Government shows poverty of ambition’

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There have been plenty of reactions from the world of business to the government plans laid out in the Queen’s Speech yesterday and most of them have been either neutral or negative.

Perhaps the strongest statement came from the Institute of Directors who had called for much more extensive deregulation that would boost the economy.

‘The Government has lost its last chance to introduce legislation to unleash business before the next election.’

They were disappointed that there was nothing done to cut red tape for employers and felt the whole thing was a missed opportunity.

The CBI was also quite scathing with their comments:

‘Business needs delivery on the ground not time-consuming new bills that will have little or no impact before 2015.’

The FSB were slightly more postitive:

‘The measures announced today must go hand in hand with ongoing work to develop the Government’s Business Bank and a drive to help small firms access finance.’

Probably the most positive outlook came from the British Chambers of Commerce:

‘On balance, businesses will welcome the limited package of legislation announced in the Queen’s Speech. Ministers are right to focus on measures that can help boost growth, and seem to have gotten the message that when it comes to new legislation, less is more.’

But more importantly, what did Small Business Blog readers think?

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