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October 17th, 2006
Regulation in the UK is sucking the lifeblood out of businesses
This climate of fear is pervading many areas. The head-start that Britain’s nanotechnology industry enjoyed has been eroded as overly cautious regulations by the Department for Environment, Food and Rural Affairs have tied hands and limited options.
There is a growing sense that sensible and necessary regulation has been replaced by an expensive and ineffective regulatory sledgehammer. We need a lighter touch, an understanding that risk is part of life and that some risk is positive.
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