The UK is snipping — rather than shredding — red tape

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Financial Times 1d ago

The UK is snipping — rather than shredding — red tape - Financial Times

Quick Summary:

While Elon Musk, tech entrepreneur and governmental efficiency tsar, is ripping up the tyranny of bureaucracy in the US, Britain is shuffling ahead with its own bid to cut red tape.

It has also failed to avert the implosion of 29 energy suppliers that left customers shouldering £2.7bn, or £94 per household, politicians found.

The British Chambers of Commerce jettisoned its “burdens barometer” for reasons that are unclear, but in 2010 it tallied £88bn, or £133bn in today’s money.