More on Companies Bill

The Companies Bill passed on the statute book yesterday (08 Nov) and Alistair Darling, trade and industry secretary, said that this is the end of the road for reform. However, this seems to contradict earlier comments by Margaret Hodge, industry minister. She said that the Bill is a first step in tightening statutory controls on businesses.  More rules to the already bulky law - 1,300 clauses - could not serve the Bill's purpose of deregulation and saving companies £250 million a year.