15 January 2013

Nothing but Job-Killing Regulations and Red Tape!

Just over a year ago I did a post on how the UK's economy was being strangled to death by "job-killing regulations and red tape", and how the Tories were justified in their plans to reduce claims for unfair dismissal. Or, much more accurately, how such claims are a complete load of rubbish.

The sources have since published updated versions of their reports, and I thought it'd be a good idea to do a follow-up post.

In 2011, we had the following:
  • World Bank "Ease of Doing Business" - #4;
  • Heritage Foundation "Index of Economic Freedom" - #16;
  • Fraser Institute "Economic Freedom of the World" - #8;
  • World Economic Forum "Global Competitiveness Report" - #10;
  • World Economic Forum "Global Enabling Trade Report" - #17.
Overall, between these 5 reports of differing political leanings, the UK ranked #11.

In 2013, these have changed to:
Overall, these 5 reports suggest that the UK ranks #10 in how easy it is to run a business.

Once again, we can clearly see that the UK is not a bureaucracy-ridden hell-hole as some may claim...

So, how does the government respond to this clearly appalling situation? Well, it seems that they are trying to scrap s. 47 Health and Safety at Work etc. Act 1974 which would make it more difficult to sue your employers for breaches of health and safety laws.

Given what the reports say, I'd thought I should give the government some free advice: there's better ways to help the struggling UK economy; your plans appear to be simply an excuse to push through ideas that will do little other than screw people. 

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