As soon as the EU referendum was called, it was inevitable that someone would start banging on about red tape. It costs £8.6 billion, no, £18 billion, no, £33 billion, no, £80 billion. Oh well, it’s loads and loads anyway. Getting rid of it would, apparently, free Britain up to become a super-competitive world-beating economy.
The trouble with all this, though, is that the UK is already one of the least regulated countries in the world. The OECD’s product market regulation index rates the UK as the second least regulated economy in the developed world (or perhaps the third least as the US didn’t participate in the most recent study).
When it comes to employment legislation, the picture is very similar, for both permanent and temporary workers.
Charts via OECD Employment Outlook 2013
Even this isn’t the whole story, though, as it has become much more difficult in…
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Utopia, you are standing in it! 
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