Sunderland Business Network - News Detail

Dealing with government regulation and legislation is costing small businesses a month in downtime every year. The new finding comes from BT, which claims UK small businesses waste 24 working days a year on non-core activity. Enforcing, implementing and
putting in place measures to adhere to new government law accounted for the majority of the time, with finance, IT and HR departments particularly affected.The strain of coping with red tape is now the main business concern for over half of all businesses,
the report claims. Only 27% of those interviewed pointed to cashflow or finances, the traditional bugbear of owner-managers, suggesting a rising number see red tape as the major barrier to growth.

Submitted by: Sunderland Business Network