The cost to British business of major regulations introduced since 1998 has risen to over £50 billion, according to new figures released today from the British Chambers of Commerce (BCC).
The 'Burdens Barometer', independently compiled by experts from the London and Manchester Business Schools from the Government's own figures, has found that the total cost has risen from £39 billion in 2005 to over £50 billion in 2006.
"British businesses are fed up with paying for Government regulation," said BCC Director General David Frost.
"Businesses must be free to compete in the global economy. As well as the increasing cost, businesses regularly tell us they are having to divert valuable time from running their businesses to dealing with more and more paperwork.
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