§ Mr. GogginsTo ask the Secretary of State for Trade and Industry if he plans to consult on the removal of the 20 partner limit on partnerships. [157149]
§ Mr. ByersI am pleased to announce to the House that I have today published a consultation document proposing the removal of the 20 partner limit on partnerships.
Consultation on the abolition of the limit on the number of partners allowed in a partnership was announced as one of the Government's measures to reduce the red-tape on business by means of a Regulatory Reform Order. The removal of the 20 partner limit is a deregulatory measure that will ease the administrative burdens on larger partnerships that wish to expand.
Copies of the consultation document have been placed in the Libraries of the House.