Government box-ticking costs businesses £80bn a year
Companies spend an estimated 73 hours a month – or five and a half months a year – on regulation and administration required by the governement
Business representatives have said government compliance is costing companies
£80bn a year.
The Institute of Directors warned businesses are finding themselves under a
sizeable burden of regulation and administration.
Businesses spend an estimated 73 hours a month – or five and a half months a
year on the paperwork, the IoD told
Miles Templeman, director-general at the IoD, told the publicartion: “This
£80bn is effectively being taken out of the UK economy each year due to