This afternoon an EU document relating to Financial Services and Prudential Requirements was placed before the House of Commons. It was not debated: debate took place in Committee last week. I attended, though I was not formally assigned to the Committee. The EU’s proposals amount to further European Union encroachment […]
Read MorePost Tagged with: "Regulation"
The Government has more work to do against regulation
The British Chambers of Commerce has published a report showing that the Coalition still has a long way to go to tame the state’s mania for excessive regulation. Red Tape Challenged? reveals that 42% of new regulations are not covered by the Coalition’s One-In, One-out (OIOO) rule for regulations. This is because they concern tax or […]
Read MoreThe Government’s business strategy
The Government recently announced a number of policies to help British businesses. They have launched the updated and overhauled businesslink.gov.uk website. This is now the primary gateway for businesses, of whatever scale, seeking support and information from the Government. It’s backed by a new telephone contact centre and many thousands […]
Read MoreA well-attended EU Fresh Start meeting
I just attended the inaugral AGM of the All-Party Parliamentary Group for EU reform, which was well attended by colleagues from across the range of opinion, all concerned about the effect of EU regulation on jobs and the economy. I asked that we consider democracy and the classical rule of […]
Read MoreFinancial regulation and the deception of government intervention » The Cobden Centre
I have written today on financial regulation for The Cobden Centre: In the aftermath of the financial crisis, we are now going down a road towards ‘judgement-based’ regulation of financial firms in an attempt to salvage capitalism. It is proposed that firms will be supervised by what amount to shadow management […]
Read MoreEU regulation of the City
Syed Kamall MEP recently reported on EU regulation of the City: Having made a scapegoat of the City – and with no willpower to establish a new regulatory framework which would eliminate the moral hazard of banks being too big to fail – the last Labour Government quietly handed over […]
Read MoreInflation and over-regulation
I had the pleasure this morning of visiting a medium-size third-generation Wycombe family business. These were the issues which came up: * Inflation is now distorting their business at all levels, from customers’ needs, through staff pay to input costs. * Over-regulation is grotesque in their industry. They must comply […]
Read MoreHow to transform a nation in ten steps
Brought forward. I was challenged last night to advocate flat taxes. Here’s one of my previous posts which does so. Another is here (you will have to forgive the oversize graphs). The Georgian recipe for “an amazing transformation”: Low and flat taxes Legislative commitment to reducing the government’s fiscal footprint […]
Read MoreA practical burden of regulation
The cost of Beth’s GMC registration in 1999: £80. The cost today of Beth’s GMC registration: £390. What does Beth get for this? Messed about. What does the taxpayer get? Questionably, more effective regulation of doctors, but they do get to pay: it’s allowable against tax. An end to Shipmans? […]
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