‘Red tape’ is always a hot topic in business and political circles. Governments talk about it and set targets in their manifesto pledges to win votes. Big business spends a lot of time and money lobbying to avoid it. Regulators spend their time trying to impose it (and remove it).
The issue of red tape can lead to some strange and unusual headlines. Recently, apparent ‘red tape’ came under the spotlight in the news in relation to a European Union directive on vacuum cleaners. Sadly, the headlines missed the point.
Some regulations and legislation, however painful to business, are necessary and show the right leadership.
The EU’s Energy Efficiency Directive (EED) is one that attempts to show the way forward.