No-one is quite sure why the UK voted to leave the EU – but a recent study into the habits of 500 SMEs (small and medium enterprises), commissioned by online printing company instantprint, revealed that dealing with HR compliance forms, pension paperwork and health and safety regulations eats up an average of ten hours of the working week.
These companies took so long complying with regulation that they had little or no time to focus on business growth.
This is not a recipe for success – and may be a small contributing factor to the Brexit vote.
Certainly we have to hope that Mrs May and her government will be looking to reduce the burden of bureaucracy as the UK leaves the EU.