Are we over regulated? 265 new regulations on top of existing ones must make most businesses, in particular small businesses, gasp.
Good intentions usually sit behind new regulations but, as I know from working in the law, new legislation can often be a knee jerk reaction to resolve a situation and often a unique situation at that.
However, sadly rather than resolve a problem new legislation often forces good businesses who comply with good practice to jump through hoops at considerable expense leaving businesses, which the legislation intended to correct, ignoring it.
Speaking to businesses most say that they are overregulated and that the balance between protecting the business and others (such as employees, suppliers, contractors, the tax man) has swung too far in favour of “others”. Many lawyers would probably agree. It is however a difficult balance.
265 new regulations does seem rather a lot – ignorance won’t be a defence but it will be very understandable!”
http://www.bbc.co.uk/news/business-12493061
Bettina Brueggemann
Managing Partner
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