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The 5 Million Companies In The UK Require A Company Law Enforcement Agency And We Haven't Got One

21st May 2024

There are five million or more companies in the UK. That's one for every eight or so people.

But there is no company law enforcement agency in this country, so although there is company law that these entities are supposedly required to comply with, there is no one who actually makes sure that they do.

Why are we running such a lawless system?.

And why doesn't the government care about the cost that this imposes on us all, including all honest businesses?

Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax'.