Question
(Q7) "UK business legislation costs more than it benefits firms." Discuss. (9 marks)
Mark scheme (levelled):
Level 3 (7–9) — Balanced.
- Costs: compliance (wages, audits, equipment); admin time; reduced flexibility; competitive disadvantage vs lighter regulation abroad; tribunal risk.
- Benefits: consumer trust (UK brands respected globally); talent attraction; level playing field; long-term sustainability; brand protection.
- Conclude: most laws pay back in trust and stability over the long run; some specific regulations (e.g. detailed reporting) can be excessive for SMEs.
Level 2 (4–6) — One-sided. Level 1 (1–3) — generic.
9 marks · take your time before peeking.
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Generated by TopMyGrade AI · cross-check official sources before relying on the mark-scheme phrasing.