Business leaders call for cuts to red tape

BUSINESS leaders have called the Government to cut back on red tape which cost companies an estimated £88.3bn last year.

The British Chamber of Commerce (BCC) said in a report that regulations were costing businesses dear.

Director general of the BCC said: "The Burdens Barometer highlights a clear problem for UK business.

'The cost of dealing and complying with new laws and regulations over the last 12 years has been far too high.

“During this critical time for the economy, we need businesses to be driving recovery and creating jobs. The Government must play its part by putting the brakes on the relentless flow of red tape.”