Red tape costs businesses £80bn

Government regulations impose a collective cost of £80bn on British businesses, well above ministers' £13bn estimate, the Institute of Directors (IoD) has claimed.

The employers' organisation said because of the burden - which equates to 5.7% of UK GDP - business owners are spending more than a month every year filling in forms, reading advice and complying with legislation.

It called for a new approach to measuring the cost of regulation based on the experiences of real people running real companies.

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Comments
cymraeg_draig's picture

As suggested by Bernard in Yes Minister

cymraeg_draig | | Permalink

"Administration saves the nation"

"Red tape is fun"

"Red tape holds the nation together"