|
|
17 Feb 2012
A SIGNIFICANT PROPORTION of businesses believe that red tape has increased in the past year.
The ICAEW survey found of more than 600 businesses fonud that 24% believed the UK's regulatory environment had a worsening impact on their business since a year earlier.
Further reading
A third of the medium sized businesses (with employees between 50 and 249) felt the situation had worsened, while 19% of small business (10 to 49) agreed.
Just 12% of micro businesses felt the situation had worsened.
The results will come as a blow to a government that has set its stall out on making it easier to do business, while in tandem trying to find economic growth.
"With businesses cutting back on investment in response to concerns about the economy it is hard to see where growth will come from," said ICAEW CEO Michael Izza.
"One thing is certain and that is businesses need reasons to be more confident. With this in mind we will be urging the chancellor and the prime minister to pull out all the stops to encourage growth - starting with reducing the regulatory burden."
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment