|
Trade News Archive 2009
January February March April May June July
Subscribe to our newsletter Go to The Wholesaler UK Directory
30th June 2009
Small retailers and wholesalers face £2.7bn red-tape bill
Small retailers and wholesalers pay out £2,764 million every year on complying with government legislation, according to the Forum of Private Business (FPB).
The not-for-profit organisation collected its figures from information supplied by its members regarding the amount of time and money spent on government bureaucracy.
The details were revealed in the FPB's quarterly Referendum survey.
This latest issue indicated that retailers and wholesalers spend an average of 33 hours each month filling out forms and paperwork.
This figure varies drastically depending on the size of the business.
Firms with fewer than nine workers spend an average of 29 hours completing the forms, businesses with between ten and 50 employees take about 41 hours to fill out the necessaries, while firms with up to 249 employees spend about 131 hours form-filling.
For retailers and wholesalers, just like any other business, time equals money.
Some of the biggest costs were the complying with employment legislation, which cost 687 million per year and the complying with health and safety legislation which cost 606 million per year.
(c) 2009
Comment on this news story
Trade News Archive 2008 December November October September August July June May April March February January
|
