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David Cameron urges European Union to limit red tape David Cameron urges European Union to limit red tape
(about 1 hour later)
David Cameron has promised to make business more competitive by pushing for a limit to to the number of new European Union regulations.David Cameron has promised to make business more competitive by pushing for a limit to to the number of new European Union regulations.
The prime minister, visiting Brussels for a leaders' summit, said firms had been "throttled" by red tape.The prime minister, visiting Brussels for a leaders' summit, said firms had been "throttled" by red tape.
Instead, he will argue for a "one-in, one-out" rule, where for every regulation and directive created another should be removed.Instead, he will argue for a "one-in, one-out" rule, where for every regulation and directive created another should be removed.
But the EU said it had already cut 500 in the last five years. But the EU said it had already cut 5,590 since 2005.
Mr Cameron is committed to renegotiating the UK's relationship with the EU if the Conservative Party wins the next election, ahead of an "in-out" referendum on whether the country should remain a member.Mr Cameron is committed to renegotiating the UK's relationship with the EU if the Conservative Party wins the next election, ahead of an "in-out" referendum on whether the country should remain a member.
'Strong commitment''Strong commitment'
In the meantime, he is promising to work to reduce the bureaucracy facing companies.In the meantime, he is promising to work to reduce the bureaucracy facing companies.
Conservative sources say he wants to see 1,500 regulations reviewed.Conservative sources say he wants to see 1,500 regulations reviewed.
Eighty business leaders, including the chairmen of BT and Asda, have signed a letter calling for a "strong commitment" by the government towards this.Eighty business leaders, including the chairmen of BT and Asda, have signed a letter calling for a "strong commitment" by the government towards this.
At the Brussels summit, which lasts until Friday, Mr Cameron will also hold one-to-one meetings with the leaders of Germany and the Netherlands, who share similar views on deregulation.At the Brussels summit, which lasts until Friday, Mr Cameron will also hold one-to-one meetings with the leaders of Germany and the Netherlands, who share similar views on deregulation.
He is taking Marks & Spencer chief executive Marc Bolland and investor Dale Murray to help garner support.He is taking Marks & Spencer chief executive Marc Bolland and investor Dale Murray to help garner support.
But the European Commission said the idea of getting rid of a regulation every time a new one is introduced was "simplistic".But the European Commission said the idea of getting rid of a regulation every time a new one is introduced was "simplistic".
Its president, Jose Manuel Barroso, challenged Mr Cameron and other EU leaders to cut red tape in their own countries and to stop "gold plating" existing EU rules - making them tougher than originally intended.Its president, Jose Manuel Barroso, challenged Mr Cameron and other EU leaders to cut red tape in their own countries and to stop "gold plating" existing EU rules - making them tougher than originally intended.