In the second of three articles, the Weston-super-Mare MP argues for drastic action to rebuild legitimacy in the eyes of the people.
Posts by John Penrose MP
John Penrose is a former Cabinet Office Minister and is MP for Weston-super-MareFollow @
In the second of three articles, the Weston-super-Mare MP sets out plans on tax, housing deficits and debt to help achieve inter-generational justice.
In the first of three articles, the Weston-super-Mare MP looks at how to ensure that the customer, not the corporation, is king.
This fiscal rule would leave governments free to borrow for infrastructure investments – but day-to-day spending would be paid through your and my taxes.
Let’s not set the prices, but instead the gap between the ultra-competitive deals for switchers and the tariffs for loyal customers.
Making it harder for criminals to hide behind shell companies will boost our international standing and remove a driver of high house prices.
Economically, it could be transformational, as it has been in Norway, which established its fund back in the early 1990s. It is now worth over a trillion dollars.
John Penrose: Energy bills. We need a relative price cap – to boost choice, cut prices and stick it to the Big Six.
The lobbyists would hate a relative cap, because there would be less lobbying to do. Putting customers in the driving seat means fewer fat fees, and fat lunches.
It should be used to pay for what we owe in our pensions and benefits system – and thus provide more inter-generational justice.
John Penrose: Enough of doubt and division on leaving the EU. Let’s work together and get it done well.
As MPs, we have to react positively, optimistically and maturely as we try to make sense of the mandate given to us by the British people.