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Government red tape has cost UK businesses dear

It has been alleged that red tape has cost UK businesses over £77 billion in the last decade. The accusation is aimed solely at the UK government which has introduced a number of new levels in the regulation of businesses and business markets as well as significant taxes and additional "hoops to jump through". Despite various assurances from the UK authorities that red tape would be cut and lost forever there has been an increase rather than decrease in the short, medium and longer term.

Over the last 12 months alone it is estimated that the cost to UK businesses has increased by £10 billion with over 104 new regulations taking effect over the last decade. The British Chambers of Commerce has been very vocal in its criticism of the UK authorities and defence of its business members but it appears as though their concerns are falling on deaf ears.

While it would be wrong to suggest that all changes to government business policies have resulted in increased charges and increased costs across the board, there is no doubt that the overall cost of operating and maintaining a business in the UK has mushroomed over the last 10 years. This comes at a time when UK taxes have reached record levels, prior to the recession, although as we have covered on a number of occasions, where is all of that money now?

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