Monday 20 February 2012

Financial red tape - getting better or worse?

In a recent research report, ‘The regulatory environment on UK business’ the Institute for Chartered Accountants in England and Wales reports that most businesses think that red tape is still a problem. The respondents, including senior finance professionals, said that they have seen little improvement in the regulatory environment with some thinking that things have got worse. According to the report, “employment legislation, employment tax and health and safety regulation are most likely to be cited as hindering the operation and development of their business.” Respondents were asked whether they were aware of the government’s ‘one in, one out’ policy to company and financial regulation. The majority weren’t aware of this and of those who did, few were confident of it helping the situation. Whether you are a chartered accountant or work elsewhere in the financial industry, see where you stand on the discussion on the ICAEW’s website http://www.icaew.com/home/about-icaew/what-we-do/~/media/Files/About-ICAEW/What-we-do/business-confidence-monitor/special-reports/the-impact-of-the-regulatory-environment-on-uk-business-icaew-research-report-january-2012-2-.ashx

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