Consultants have earned many billions of dollars out of organisations swinging back and forth between these approaches. To encourage ebusiness to prosper in Britain, we must establish an investor-friendly climate. That means low tax and light regulation,' he said, 'but we're going in the wrong direction. The tax burden is up.
Red tape is up.
So far we've had heavy-handed regulation where a light touch is needed, and undue delay where speed is of the essence. Whitehall committees can't keep pace with an economy where business takes place at a touch of a button,' he said. The tax burden is falling, and is lower than it was under the last government.