Cameron Urges EU to Cut Business Regulation in Search for Growth

U.K. Prime Minister David Cameron will urge the European Union to reduce the level of regulation it applies to businesses, listing planned measures that should be scaled back or scrapped.

A government-commissioned report by six business leaders including Marks & Spencer Group Plc Chief Executive Officer Marc Bolland and Kingfisher Plc (KGF) CEO Ian Cheshire listed areas where the EU should regulate less, the premier’s office said in an e-mailed statement. The six will present their proposals to Cameron’s cabinet when it meets in London this morning.

The team’s work is an indication of some of the areas in which Cameron is likely to seek changes to Britain’s relationship with the EU before his pledged referendum on membership in 2017. The business leaders warned against regulation on shale gas and called for a reduction in reporting requirements.

“It’s vital that business can take full advantage of the EU’s single market,” Cameron said in the statement. “But all too often, EU rules are a handicap for firms. I’m determined to change that and to get the EU working for business, not against it.”

To contact the reporter on this story: Robert Hutton in London at rhutton1@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

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