Cut red tape because it is cutting off the lifeblood of businesses everywhere, everything the EU throws at us is gold plated by our business unfriendly government lawyers and box-tickers.

WE NEED LESS NOT MORE - JUST LOOK AT WHAT HAPPENS WHEN YOU HAVE AN OPEN CHEQUE BOOK:

The Stakeholder Pension Schemes Regulation 2000

Regulation introduced  2000 May–00 Apr–01 

One-off admin cost £100m       

Recurring cost     £76m       

Total cost by July 2006 £499m

The Occupational Pension Schemes (Minimum

Funding Requirement and Miscellaneous

Amendments)

Regulation introduced 2002 Feb–02 Apr–02 0     

One-off admin cost £ 0m        

Rrecurring cost     £50m         

Total cost by July 2006 £212m

Regulating Insurance Mediation

Regulation introduced Jun–03 Jan 05     

One-off admin cost £60m        

Rrecurring cost     £90m         

Total cost by July 2006 £195m

Regulating Mortgages

Regulation introduced  Jun–03 Jan 05   

One-off admin cost £145m        

Rrecurring cost     £120m         

Total cost by July 2006 £325m

The Occupational Pension Schemes (Winding

Up and Deficiency on Winding Up etc.)

(Amendment) Regulations

Regulation introduced  Feb–04 Mar–04 0    

One-off admin cost £0m        

Rrecurring cost     £70m         

Total cost by July 2006 £163m

//www.chamberonline.co.uk/policy/pdf/budens_bar2006.pdfhttp://www.chamberonline.co.uk/policy/pdf/budens_bar2006.pdfurc

Grand Total = £1394 million  

1998

http://www.chamberonline.co.uk/policy/pdf/budens_bar2006.pdf

Notes

The Barometer is compiled each year from the data in the Regulatory Impact Assessments (RIAs) produced by government departments up to the prior 30th June extended to include the year in which the report appears, i.e. 30 June 2006 in this case. http://www.chamberonline.co.uk/policy/pdf/budens_bar2006.pdf