Red tape must be shredded not loosened

Mark Littlewood writes for City AM

 

THE coalition government has been talking the talk on economic growth in recent weeks. But it isn’t yet walking the walk. Well, they might occasionally be taking a few tentative, baby steps in the right direction. But it’s not enough. It’s nothing like enough.

In his budget later this month, the chancellor should announce a full scale assault on the red tape and regulation which is holding back British business. He needs to pledge to do everything possible to unleash this country’s entrepreneurial spirit. He needs to say that the state is making us unacceptably risk-averse, is much too eager to punish success and far too loath to reward hard work.

The message to British business – particularly small and medium-sized enterprises – needs to be unambiguous: “We are on your side and we are going to help you by getting out of your way”.

Read the rest of the article at the City AM website

Invest in the IEA. We are the catalyst for changing consensus and influencing public debate.

Donate now

Thank you for
your support

Subscribe to
publications

Subscribe