I would agree. As I say, I believe we have the most sophisticated measurement in the world in advanced countries when it comes to red tape and its impact on small businesses. We're very proud of that. We assess how much time a person has to sit down and work through the paperwork and how much that takes away from their business activity. We monetize the value of that. It's not just that this is a 40-page regulation and this is 40 pages of red tape, or this is a one-page regulation and this is one page of red tape. The monetization makes it, I think, a lot more evidence-based, and I think that's a valid number.
On November 26th, 2014. See this statement in context.