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MP's could do with more business experience

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The Federation of Small Businesses has offered to help arrange work experience in a small firm to any MP that would like to learn how laws passed at Westminster affect business.

Research by the House of Commons Library found that 7% of Labour MPs, 40% of Conservative MPs and 29% of Liberal Democrat MPs have experience in business.

The FSB say they would like to improve the level of knowledge of small firms in Parliament with the hope that this will lead to a lighter regulatory touch.

The average small firm owner currently spends 28 hours a month filling in forms. This is time that the owner / manager could spend growing the business to provide more employment opportunities for local people.

Carol Undy, FSB National Chairman, said:

“It is quite obvious that many MPs are not aware of the issues that affect business and their ability to sustain economic growth and employment. The nature of a large amount of legislation affecting business clearly demonstrates this lack of understanding."

"In the spirit of cooperation we would like to offer all MPs the opportunity to spend a day or longer with a local small firm to learn how legislation affects business. This way the laws that come out of Westminster in future should achieve their aim without the unintended consequences that hold back business growth."

Posted July 6, 2006
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