Tim Ambler

Why should the public purse pay for political parties?

Written by | Wednesday 23 November 2011

The so-reasonable sounding Sir Christopher Kelly has today pronounced on the funding of political parties and their election campaign. The big donors are to be cut back to a maximum of £10,000 each. Since he only proposes a cut it election costs of 15% that leaves a big gap (about £50M or so for each election) to be filled by, guess whom, the taxpayer. Needless to say, MPs will decide the matter with no say in the matter for the electorate. No referendum on this.

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Bank regulation: Can we trust the Vickers Report?

Written by | Thursday 17 November 2011

In this response to the Vickers report, financial experts Tim Ambler and Miles Saltiel argue that the report's findings fail to address the root causes of the financial crisis and would create another layer of bureaucracy. Instead, the government should allow the creation of new "Trust Banks" that would be safely run, reduce arguments for protection of riskier banks, and introduce new competition to the high street.

Briefing paper

Vickers report fails the competition test

Written by | Tuesday 13 September 2011

The Independent Banking Commission has striven mightily for two years and finally produced a mouse, and a malignant one at that. The report boils down to two recommendations: ring-fencing the retail subsidiaries and increasing equity requirements along the lines of Basel III but to a greater extent.

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Flouting its own regulation policy

Written by | Wednesday 27 July 2011

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Civilians will outnumber soldiers at the MoD

Written by | Tuesday 19 July 2011

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