This time it’s the British Chamber of Commerce having a go at the government. The lobbying group said the red tape burden on companies had climbed dramatically since 1998, growing from £6bn to a massive £20.6bn.
According to reports, this does not include the estimated £10.2bn cost of the national minimum wage, which stands at £4.10 per hour and is likely to climb to above £5 next year.
However, the report was dismissed by the government. The figures were labelled misleading by the Cabinet Office, which said the cost of red tape was actually the value of the policies themselves to recipients.
The anti-red tape lobby has consistently implied that government regulations on business are directly impinging on UK companies’ ability to compete with Europe and the US as the best place to do business in.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements