Company directors in Cambridgeshire
have backed the conclusions of a national survey which shows that red
tape has become a serious obstacle to economic growth.
The survey showed that 93 per cent of
directors feel that the burden of red tape has increased in the pat
five years - and 75 per cent thought that it had got 'much heavier'.
Stephanie Smye, chairman of the
Institute of Directors which represents more than 1,000 business
leaders in Cambridgeshire, said: "The survey reflects the common
experience of business people in this area - red tape is having a
damaging effect on business growth and international competitiveness.
"Admittedly, the government has
taken steps to control the growth in regulation, including regulatory
impact assessments which ensure that ministers are made aware of any
burdens which they are imposing. In addition, the government's
regulatory reform action plan lists 260 ways in which burdens might be
reduced. However, there is clearly a considerable way to go.
"Survey after survey shows the
seriousness of the problem. British business does a brilliant job but
the government must let it get on with its work and stop distracting
it with unnecessary regulations."