There was outcry yesterday after the Chamber of Commerce revealed the cost of new regulations to British business since Labour came to power a decade ago has risen to almost ã66bn.
To me this seems a phenomenal amount of money and would suggest that the Government has failed in its drive for better regulation.
Surely, 'better regulation' should mean less burden and time-consuming red tape for businesses to deal with, not over-regulation and the introduction of more and more hoops to jump through when setting up a company.
Clearly we don't want to do business in a country where corruption reigns supreme and transparency is non-existent, but by the same token we don't want a situation where, in tough international conditions, we are held back because of rules for rules sake.
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James Mills is a web developer in the North East of England and founder of Refresh Teesside »
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