FD speaks out against red tape

FD speaks out against red tape

Red tape and regulatory burdens make the UK an unattractive place to do business, according to the finance director of cheapflights.com.

Link: Red tape burden falls lightly on UK accountants

Simon Bicket, head of one of the most successful dotcom companies in the UK, was speaking shortly after Gordon Brown’s seventh Budget.

He said the UK was not the best environment for SMEs. ‘It’s not just a case of taxes, which I think we would all agree are too high,’ said Bicket.

‘There is a lot more regulation. The government sometimes has a view that time is free and that a finance director’s time is well spent filling in forms and dealing with this, that and the other. Red tape has been building over the years. There is a raft of rules that make it difficult for small companies to cope,’ he said.

Founded in 1996, Cheapflights has become one of the UK’s most popular digital brands with 1.3 million users and 11 million page impressions.

  • The full interview with Simon Bicket will appear online tomorrow.
Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource