Tax credits, regulation, EU requirements – all help to explain why employment has risen but output has fallen outside the manufacturing sector, at least per person.
Posts by Lord Flight
Lord Flight is Chairman of Flight & Partners Recovery Fund, and is a former Shadow Chief Secretary to the Treasury.
And it won’t even work in its own terms. What on earth is a Conservative-led Government doing in introducing such half-baked proposals?
The FCA has insulated its future size by creating 16 handbooks of “Conduct” which stretch to over four million words.
We have moved a long way from NEDS concentrating on the interests of shareholders and helping to take executive decisions.
There is a significant possibility of HMRC being taken to Court, and of judicial reviews in which the judges may find against it.
The deficit. A feeble savings rate. Low productivity. Public sector pay that’s too high compared to private sector pay. The high middle class tax bill.
Or: Why I regard myself as a “mercantilist free trader”.
Yes, interest rates are bound to rise. But I am optimistic about the economy – though we still need, as ever, to boost the savings rate.
The West must not repeat the mistakes of appeasement – bullies only understand one language.
Since 1998, the cost to the UK of regulations of EU origin has been £88 billion, and these now cost UK businesses £7 billion per annum.
The extent to which EU requirements and directives are now actively damaging our economy and frustrating our ability to put things right is noteworthy.
The post-2010 Government will need to take major and radical decisions and actions to get the balance of the UK economy right.