The government offers too little help to business start-ups and is failing in its attempts to build a culture of entrepreneurship, according to a survey of chartered accountants published today. The research by the Institute of Chartered Accountants in England and Wales, the main industry body, praises the state of the economy but claims that cumbersome regulations are holding back the development of smaller companies.
The survey is a blow to the government, which has unveiled a series of measures this year aimed at helping small business and encouraging enterprise. "Most people feel that there is fairly good economic stability," said Michael Groom, the institute's president. "But there is still a big way to go."
