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Increase in red tape costs 14bn £.

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Vincent
PositionNews Round Up

The cumulative cost of regulations introduced over the past four years has risen from 6 billion [pounds sterling] to more than 20 billion [pounds sterling] and is crippling businesses in the UK, according to a report by the British Chambers of Commerce (BCC). "UK businesses are having a very tough time at the moment," said David Frost, the BCC's director-general. "With the upcoming rise in national insurance contributions and economic uncertainty caused by the war in Iraq, the burden of ever-increasing red tape is the last thing that firms need." Neil Gerrard, head of the regulatory group at law firm DLA, said that the BCC's report was a wake-up call. "There has been a big change in UK...

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