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Bosses put forward reform proposals

Business leaders have asked the Government to overhaul employment and planning laws to make it easier for companies.

The Institute of Directors (IOD) has said that simplifying the procedures for firms will help to kickstart the economy.

IOD members are worried that ministers are failing to react quickly and effectively enough to improve the supply-side of the economy.

They have produced a document containing 24 suggestions about how the economy can grow with little or no cost to taxpayers.

The IoD's suggestions, some of which are likely to prove controversial, include ending collective pay bargaining in the NHS and education sector to boost productivity.

Miles Templeman, director-general of the IoD, said: "The Government's deficit reduction strategy is central to improving growth prospects and the overall business environment, but the Government also needs to reform the supply-side of the economy to boost the private sector."

Copyright © Press Association 2011