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Study refutes claims that British businesses are ‘drowning in red tape’

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Research from AXA reveals the assumption that red tape and regulation stifles SME growth bears little resemblance to the reality of many of the nations’ small businesses.

Posted inNews archiveon14 Feb 2018

Eight hundred small firms were interviewed by AXA for the study [1]: 93 percent said regulation was neither burdensome nor costly for the day-to-day running of their businesses. The numbers who found regulations beneficial to their businesses far outweighed those who lamented them: 23 percent said regulations protect their customers; 17 percent felt compliance helps their public image, and 19 percent said regulations protect from claims.

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