'Red Tape' may be a pain to some businesses, but it is a pleasure to others

Baker, Carol
January 2006
Credit Control;2006, Vol. 27 Issue 1, p6
Trade Publication
The article focuses on the effects of red tape on businesses in Great Britain. It is said that stringent requirements on documentation for audits of small and medium sized entities are another example of the burden that red tape is placing on businesses. However, it seems that businesses enjoy a complex and equivocal relationship with red tape. There are many who privately benefit from excessive regulation. It supports an industry of regulatory consultants and act as barrier to market entry.


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