Report Says Red Tape Costs Business Pounds 80 Billion a Year

Summary


The cost of Government regulations to businesses was running at more than Pounds 80 billion a year, according to a "startling" new report yesterday.

The Institute of Directors (IoD) urged the Government to "step out of the way" of industry, warning that a culture change was needed to release firms from being "over burdened".

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Extract


Report Says Red Tape Costs Business Pounds 80 Billion a Year

Using a new approach to measure the cost of regulation, based on the experiences of people running busin...

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