A recent article in the Guardian revealed that “Small businesses blame compliance with regulations as one of their biggest inhibitors to growth. In response the government has launched a review into burdensome red tape in five industry sectors, in an effort to save businesses £10 billion by 2020.”
The article went on to ask if this “will be enough to drive business growth?” and asked small business owners “which government policy they would like to ditch and why?” The top three were:
- Reducing the red tape around flexible working
- Delegating administrative duties onto employers for benefits, pension and child support payments
- Calculating tax and completing tax returns
Which government policies do you feel most inhibit your growth? Comment below and share your thoughts.
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