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Cut Legal and Accountancy Fees

Comment 10th July 2010

I’d like to see a watchdog set up with a view of reducing legal and accounting costs that every business must pay.

This means identifying the top legal/accounting activities and streamlining them for cost and time.

Why does this matter?

I do not believe that any of them offer value for money but the system has been made deliberately complex and put into law to justify their salaries.

People who work in these sectors are intelligent but are attracted by the salaries. This is fair enough but they could be using these abilities to grow the economy rather than sponging off the success of others.

These services are not wealth generators but wealth reducers in any economy.

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