Don’t Forget the Cost of Red Tape
2 August 2024
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Energy and Environment
Government and Institutions
Economic Theory
15 August 2024
IEA research referenced in The Times
A paper written by IEA Director of Communications Matthew Lesh on the uncosted regulatory burdens in election manifestos has been referenced in a Times article on Labour’s proposals to change planning restrictions in the UK.
The article said:
“Labour politicians are instinctive regulators, reply the critics. Just look at its manifesto which proposed 62 policies that would increase the regulatory burden on business and only 13 that would decrease it, said the Institute of Economic Affairs, the free-market think tank. The cost of these is likely to be much higher than Labour’s £8.6 billion of proposed tax increases, it claimed.
“The Tories’ repeated attempts to reform planning show how tough deregulation can be. But there will be handsome rewards for Starmer if he succeeds. And, if he does, perhaps he could look around for other opportunities to loosen red tape.”
Read the full article The Times.
You can also read a full version of Shadow Expenses: Uncosted Regulatory Burdens in Election Manifestos.
The article said:
“Labour politicians are instinctive regulators, reply the critics. Just look at its manifesto which proposed 62 policies that would increase the regulatory burden on business and only 13 that would decrease it, said the Institute of Economic Affairs, the free-market think tank. The cost of these is likely to be much higher than Labour’s £8.6 billion of proposed tax increases, it claimed.
“The Tories’ repeated attempts to reform planning show how tough deregulation can be. But there will be handsome rewards for Starmer if he succeeds. And, if he does, perhaps he could look around for other opportunities to loosen red tape.”
Read the full article The Times.
You can also read a full version of Shadow Expenses: Uncosted Regulatory Burdens in Election Manifestos.
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