As ever, there was much talk last week about the Chancellor - dear old Gordon Brown.
Apparently there are going to be some new regulations that will reduce the burden of the existing regulations by making all regulations adopt a risk-based approach.
This risk-based approach will target only "bad companies" and allow others to work with less red tape.
It sounds like a doubleedged sword to me.
I have been the victim of a number of risk- based approaches in my career and it has been a mixed bag. Mostly the work on determining risk is pretty hopeless, focusing on things that are either very unlikely or completely outside of the control of the business.
Very occasionally a beacon of light shines through. One such light came from a firm of accountants who used the methodology properly and significantly reduced the level of their audit work. They actually asked the tricky questions and made themselves more money.
So it's fingers cautiously crossed for the new way.
We get approaches from about 1,000 companies a year looking for funds. There is no doubt in my mind that regulations cause significant cost burdens, demotivate entrepreneurs and quite often actually make things worse for the people they seek to protect.
Take the rules on employment legislation. This has become a farce. The concept of right and wrong - whereby employees who are lazy or incompetent get fired and those who are hard working and have a positive attitude can be rewarded - seems to have disappeared. In its place is a system where process, dotting the i's and crossing the t's (usually with help from a lawyer or specialist HR firm), has replaced justice.
Payroll is another real mess. The complexity of tax and NHI (which, of course, is not really a tax according to the Chancellor!) plus student loans, maternity leave, child tax credit, et al is ridiculous.
Again specialist firms are usually required to have any chance of getting it right. All because politicians - and both parties do this type of thing as soon as they come to power --are not honest enough to work with simple tax rates and admit when taxes are going up. Instead they hide behind the statement that there are no increases in basic rate or higher rate. Do they really think we can't spot it?
No comment on this topic of regulation would be complete without a reference to the EU. Too much has been said already about this but for me it can be summed up very easily by two issues. First, the EU now seeks to regulate me further and tell me how many hours a week I can work. Second, that same organisation has not had a satisfactory independent audit for the last five years. How can this insanity be allowed?
Entrepreneurs who are looking to start a business risk everything. Their money, their careers and often their private relationships are put in the danger zone, all in order to take an idea and use it to grow a business.