The government's "addiction to regulation" is strangling UK business and encourages the compensation...
The government's "addiction to regulation" is strangling UK business and encourages the compensation culture, according to City of London Law Society president David McIntosh.
Mr McIntosh, who is also senior partner at Davies Arnold Cooper, criticised the government for suffocating UK industry with unnecessary red tape.
"There is widespread fear of claims and criminal prosecutions for what used to be everyday activities," he said in a speech at the Institute of Economic Affairs.
"The government has itself sponsored the compensation culture by encouraging everybody to think that when something goes wrong there will always be somebody to blame and pursue." He warned that we are putting the future economic stability of the country in jeopardy by creating a generation of risk-averse youngsters.
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