Local councils make running a business in Britain a bureaucratic nightmare, says Preston Benson

I moved here from the United States over 20 years ago, became a British citizen along the way, and have spent my career investing in the UK’s towns and cities. I have learned you can survive a pandemic, an energy crisis, numerous strikes and inflation. Yet this will not be enough for a business to endure if its twin nemeses are not resolved: a crippling lack of accessible finance and an oppressive bureaucratic nightmare. For me, this is the core of Britain’s growth problem.

Across the country businesses are routinely undermined by local authorities who prioritise hidden agendas, such as in-house subsidies for pet projects, over........

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