Best of CapX: Red tape is a tax on time

Compliance costs British business around £52 billion a year. Damian Pudner asks how much of that is wasted on rules nobody has bothered to think through? Every hour spent on paperwork is an hour not spent selling, investing or training staff. Ministers are held to account when they spend public money. They should face the same scrutiny when they spend everyone else’s time. Each week we bring you an example of the best writing from CapX, read aloud. For hosted conversations, listen to The Capitalist, every Wednesday. *Get full access to the CapX Briefing at briefing.capx.co* Get full access to The CapX Briefing at briefing.capx.co/subscribe