Off the back of last week’s report that business investment was showing signs of recovery this week a think tank has concluded that removing obstacles to setting up new business can also help push up economic growth.
The Centre for Policy Studies (CPS) has argued that lighter business regulation, which would make it easier for enterprises to flourish, and raising the retirement age by five years from 2020 onwards would add between 0.5 per cent and 0.75 per cent to annual growth figures.