John Penrose: Rebooting Capitalism 3) Purge the system of kleptocrats, dirty money and fake news
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-Mare
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John Penrose: Rebooting Capitalism 2) How to help give younger people a fair deal
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.
John Penrose: Rebooting Capitalism 1) A market designed for the many, not the few
In the first of three articles, the Weston-super-Mare MP looks at how to ensure that the customer, not the corporation, is king.
John Penrose: Why we need a new rule to balance the budget
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.
John Penrose: There’s a free market-friendly solution to energy price caps
Let’s not set the prices, but instead the gap between the ultra-competitive deals for switchers and the tariffs for loyal customers.
John Penrose: A Property Register will make Britain a world leader in transparency once again
Making it harder for criminals to hide behind shell companies will boost our international standing and remove a driver of high house prices.
John Penrose: Why we need a Sovereign Wealth Fund
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.
John Penrose: Why post-Brexit Britain will need a sovereign wealth fund
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.