By Max Clarke
Despite the Coalition Government’s increasingly fierce war of rhetoric against burdensome regulation, 3 in 4 businesses still feel the government are not doing enough to cut red tape.
This year has seen Chancellor Osborne announce a ‘bonfire on red tape’, shortly before the launch of Cameron’s ‘red tape challenge’. The intent, the Coalition assures, is to stimulate the private sector, small business recovery by easing the costly burden of regulation.
Such rhetoric, 3 in 4 respondents to a survey carried out by IRIS Accounting and Business Solutions claim, remains just that: rhetoric, and is yet to be matched by action.
“The government must do more to strip away needless red tape if we are to see British businesses survive in the new post-recession reality,” said Paul Sparkes, Product Director at IRIS. “Most businesses have already been through a sustained period of operational cost cutting but many are still under pressure to look for further savings.
“By implementing regulation that takes the focus away from entrepreneurial activities and business growth, the government is essentially shooting both itself and economic growth in the foot.”
“Red tape regulation will continue to hamper growing businesses so it’s important that they take time out to look at how they can improve procedures from the inside out. Assessing existing processes and ensuring they have the right tools and information they need to enable business growth is a small but simple step towards improving efficiencies and making better, more strategic business decisions,” concluded Sparkes.
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