Since the UK launched its ‘Regulatory Reform Agenda’ in 2005, the annual cost of regulation has gone from £16.5 billion in 2005 to £28.7 billion in 2008 – an enormous increase of 74%.
Meanwhile, the estimated cumulative cost of regulations introduced in the UK between 1998 and 2008 is £148.2 billion. This is the equivalent of 10% of GDP
For the same amount, the UK Government could abolish income tax for one year or cut the national debt by 24%.
Please, Please, PLEASE - Go read this report and then tell me you still wish to remain an inmate of this asylum.
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