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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/cable-pledges-to-cut-eu-red-tape.jpg"><img class="alignnone size-full" title="Vince Cable promised to halt the 'gold-plating' of European Union directives" src="http://londonglossy.com/wp-content/uploads/2010/12/min-cable-pledges-to-cut-eu-red-tape.jpg" alt="Vince Cable promised to halt the 'gold-plating' of European Union directives"/></a></p>
<p>The Government has promised to cut European red tape to help British firms compete with continental rivals.</p>
<p>Business Secretary Vince Cable promised to halt the &#8220;gold-plating&#8221; of European Union directives, where implementation of rules goes beyond the minimum standard required.</p>
<p>The move, which will come into effect immediately, fulfils a commitment in the coalition agreement.</p>
<p>Under the new arrangements, announced in a Commons written statement, text from European directives will be copied directly into UK law.</p>
<p>&#8220;The direct copy-out principle will mean that British interpretations of European law are not unfairly restricting British companies,&#8221; Mr Cable told MPs.</p>
<p>Under the new arrangements ministers will review legislation implementing a European directive every five years, including a consultation with businesses about how rules are being applied.</p>
<p>Mr Cable said: &#8220;I want British business to be a powerhouse for economic growth and among the most competitive in the world.</p>
<p>&#8220;This move will bring an end to the charge of gold-plating. The way we implement our EU obligations must foster, not hinder, UK growth by helping British businesses compete with their European neighbours.</p>
<p>&#8220;The new principles are a first step towards working with British business and Europe to make sure that we introduce EU rules in a way that will not harm the UK economy.</p>
<p>&#8220;By cutting the red tape that can reduce competitiveness and making sure that businesses are involved in the process, both before and after, through five-yearly reviews, we can get the best deal possible for British companies.&#8221;</p>
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