EU Regulation - £100bn pa
The annual cost of regulations to industry, together with the cost the government quangos who enforce them, is now £100 billion per annum or 9% of our economy, according to the 2005 Anual Report of the Government's Better Regulation Task Force. David Arculus, its Managing Director says EU regulation is now our biggest industry (larger than tourism at £67 bn.) There are 113,500 regulations now; only 2% of them are not from the EU.
The annual cost of regulations to industry, together with the cost the government quangos who enforce them, is now £100 billion per annum or 9% of our economy, according to the 2005 Anual Report of the Government's Better Regulation Task Force. David Arculus, its Managing Director says EU regulation is now our biggest industry (larger than tourism at £67 bn.) There are 113,500 regulations now; only 2% of them are not from the EU.
No. It is not expensive - we do not have any single word in the entire language to convey how truly horrific it all is.
Even 'profligate' doesn't get near!
