Think Pieces

Regulators in paralysis

Written by | Thursday 2 October 2008

Ben Summers, a partner with Peters & Peters, a law firm specialising in regulation, told the FT that research by his firm revealed little sign of regulators making moves to implement the Act. "Given the new regime which the act heralds and the expectation which the government clearly has of it, there is a surprising lack of proposals from any of the national regulators", observes Summers.

Sentamu and the City

Written by | Thursday 25 September 2008

The archbishop's criticism of the markets is misplaced; it's governments and regulators that are responsible.

I was beginning to like Dr John Sentamu, the Archbishop of York, who seems to have solid views on issues like Robert Mugabe and political correctness. So it's disappointing that he's fallen for the politically correct line on the markets crisis, calling share traders who cashed in on falling prices "bank robbers and asset strippers".

Prime Minister for a day

Written by | Tuesday 23 September 2008


I've never been a morning person, but if by some stroke of luck I became prime minister for a day, I would want to make an early start. Most PMs struggle to achieve much in five or even ten years, but I’d have big plans for my day in Number 10, and I'd need all the time I could get.


Even the bean counters reckon regulation has spiralled out of control

Written by | Friday 12 September 2008

Already this year a growing roster of major companies, including Shire pharmaceuticals, United Business Media and Henderson, the financial services group, have announced they are leaving British shores for more attractive regulatory and fiscal jurisdictions. This list will inevitably lengthen unless policy makers reverse the trend towards ever more cumbersome and expensive regulatory intervention.

The BAA Leviathan

Written by | Tuesday 26 August 2008

BAA’s monopoly grip on the airport sector is identified by the report as the principal reason why service levels for both airlines and passengers are so abysmal. Complaints about poor service, lost baggage and smelly loos have escalated in recent years, culminating in the debacle of the Terminal 5 opening at Heathrow. Following the classic behaviour of a dominant monopolist, BAA has been slow to develop new runway capacity in the South East.

A Flat-Rate Income Tax System - Just wishful thinking?

Written by | Friday 16 November 2007

The idea of a flat rate income tax system is attractive, and the arguments in favour are well rehearsed.

The consequences of economic ignorance

Written by | Friday 16 November 2007

Seventeen years on from the political assassination of Margaret Thatcher, her legacy seems to be an enduring transformation of our national economic fortunes. Her political courage was the sledgehammer that was needed to knock Britain out of its pathetic performance as a manufacturing nation. Seventeen years of media establishment vendetta however have sought to deny her any of the credit. This travesty of the truth has been made possible because there is in Britain a widespread ignorance of our economic history.

Self-delusion and decline

SelfCare - Essentials of 21st Century health care reform

Written by | Friday 16 November 2007

Proposals to healthcare reform should be judged not on the goodness of their intentions but rather on the basis of there results – in other words: nobody washes a hired car


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