He wanted the CMA to be both an aggressive consumer champion and decision-maker – “too much prosecution, judge, and jury” according to some.
At John Lewis where I was a new MD, we decided to put our trust in technology – to build a business model for the future.
It should remove those taxes and regulations that will stop business from applying their ingenuity on the problem of rebuilding from the ruins.
Absent a clearly articulated strategy business uncertainty will heighten, and severe non-compliance is risked
A common threat, especially in the form of a pathogen, flicks switches in our brains, making us less tolerant of dissent.
The job now needs to be completed by shoring up workers’ incomes and firms’ revenues to as close to 100 per cent as is practical.
Plus: Treasury and Work & Pensions lessons. Greenlighters v the rest. Remembering Attlee’s surplus. And: the key question now is “how”, not “what”.
Two extreme versions of what happens next in Britain. Events are more likely to end up somewhere in the middle.
Whether moderate right Conservative, or moderate left, austerity is dead, and this new age will be with us for a long time to come.
The reason we will get away with it again, as we did in the banking crash, is that there is so much deflation around, inflation is not a problem.
The theoretical aim of policy then should be bridging over what is hopefully a short pause in activity – eliminating near-term distress for households and businesses.
The implications of the crisis are such that Johnson and Sunak need not so much to think outside the box as to trample it to tatters altogether.
For the good of passengers, taxpayers and the railway, this pre-internet system needs a wholesale reset.
Our scoping assessment shows there could be a £15.3 billion expansion in overall trade between the two countries, an 18 per cent increase on 2018 levels.
More emphasis could have been put on local delivery of services, drugs, and even treatment using mobile medical equipment and remote consultation.