Directors’ body attacks red tape

Miles Templeman, who has stood down as director general of the Institute of Directors after seven years said employment regulation was a prime example where “no progress” had been made in reducing the regulation burden.

The coalition had some well-meant initiatives, said Mr Templeman, but he added that the situation was “getting worse”, citing the Agency Workers Directive which would add up to £2bn onto business, and next year’s auto-enrolment of pensions, which he claimed would cost firms £3bn.

“The government should be helping businesses to create jobs, not hammering businesses with new rules,“ he said.