Supply side - red tape

 Good examples and analysis of red tape issues is hard to come by; it is often talked of but where are the data? Here, apparently:

Graphic Content: How red tape is fuelling the cost of living crisis

Since 2000, sectors with heavy state intervention have experienced large price rises while competitive markets have experienced price falls. Average consumer prices increased by 80% between 2000 and 2023. Heavily regulated and subsidised sectors like electricity (+425%), housing (+254%) and childcare (+193%) have seen the most rapid price increases. Products in more competitive markets, like computers (-93%), TVs (-80%), and clothing (-29%), have become significantly cheaper. Cutting red tape could lower business costs, increase competitive pressures, and reduce consumer prices.

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Did red tape worsen Britain’s inflation problem? Paper author Matthew Lesh, The Spectator An unfair burden… The costs of regulation are born disproportionately by low income households.

The red tape regulation driving the cost-of-living crisis Communications Officer Harrison Griffiths, Reaction Ratchetting up… Accumulating regulations in childcare and energy have pushed up prices.