SMEs bogged down by red tape
Monday 13th July, 2026
A UK survey finds 96% of small businesses say excessive regulations, duplication and slow approvals cost SMEs £36bn and 379 million hours a year.
This gives Wise a chance to speak about how inefficient regulation raises costs for businesses that rely on fast, low‑cost cross‑border payments in the UK and Europe.
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Why have we flagged this?
SME red‑tape story is national, affects your small business customers who use cross‑border payments and accounting workflows, and you'd have credible data/comment on cost and administrative burdens.
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