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The government must tackle burdensome regulations
Commenting on today’s unemployment figures, Prof. Philip Booth, Editorial Director at the Institute of Economic Affairs, said:
“It is time we got rid of the myriad factors making it expensive and risky for businesses to employ people – especially young people. Unfair dismissal legislation, the minimum wage, excessive regulation and tax – these are all areas the government must tackle if it wants to get unemployment under control.
“The unemployment rate hitting 8.3% should be a big wake-up call that businesses are struggling to employ new people. Instead of adding to the regulatory burden – as the government is doing despite its rhetoric – the government should be cutting red tape. The same legislation which was originally intended to try and protect people is now harming them, it should go.”
NOTES TO EDITORS
To arrange an interview with Prof. Philip Booth, IEA Editorial Director or Mark Littlewood, IEA Director General, please contact Ruth Porter, Communications Director, 077 5171 7781, 020 7799 8900, rporter@iea.org.uk.
