'Red tape' is an incendiary term in most contexts but possibly never more so than when applied to the EU. The phrase conjures up images of vast excesses of redundant regulation that could be swiftly retired in order to liberate businesses.
There are undeniably some examples of seemingly excessive, perhaps pointless, EU rules - and probably not even the ones repeated in the referendum campaigns. The problem, however, is that without a consistent approach, trading between 28 countries quickly becomes an effort to comply with 28 different pieces of bureaucracy. In the context of Brexit, the skill will be in deciding which pieces of tape it is worth cutting - sifting the nooses from the lifelines.
What has happened is that the decision to leave has confronted business with the paradox that has defined the single market from the outset: in order to liberalise you have to regulate.