Ten Things You Need to Know Today: Sunday 20 May 2012

1. PM TO CUT WORKPLACE RED TAPE

David Cameron is to back calls for extensive cutting of red tape that employers say is stifling job creation and economic growth. A new report from a venture capitalist calls for it to be made easier for firms to make redundancies, and reforms to equality laws and employment tribunals. The PM's support for the plans could lead to tensions with the Liberal Democrats.

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