Delphi-32 environment becomes very slow

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I am running Delphi 5 on a 32-bit PC which recently had Windows 10 installed. The Delphi environment has become extremely slow.

Running in debug mode with Task Manager visible shows that it's consuming about 35% of CPU while running an already compiled program and taking a minute or more to load the main screen where it used to take about 5 - 10 seconds at the most.

Running the executable outside the environment is as fast as it has always been. Anyone else encountered this?

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