The Tidal Wave of Regulation

In this week’s Prime Minister’s Questions, Mark Pawsey MP asked the Prime Minister what the Government is doing to reduce the burden of legislation. In his answer, the Prime Minister highlighted the benefits to growth and employment from deregulation and stated that “this will be the first Government since the war to leave office at the end of their term with fewer regulations in place than were there at the beginning.” As far as the regulation over which this Government has control is concerned, the Prime Minister is absolutely correct. Unfortunately, unless tougher action is taken to combat excessive EU regulation, the overall cost of regulation to British businesses at the end of this Parliament will be higher than at the beginning.

Continue reading…

Tim Knox, Adam Memon - Friday, 28th February, 2014