Tag: Regulation
A mystery solved
Gordon Brown should be criticised if he does not propose a root and branch reform of corporation tax within the life of this parliament.
Time to let go
The “regulation” of the banking industry is more like “supervision”. The difference is more than semantic, and the result is less than satisfactory.
Don’t just do it
When should a government intervene in the market? It is not clear what New Labour thinks is the answer.
Now mind the gap
The Bank of England should get on with the job of setting interest rates and other monetary activities, and be held accountable for how well it performs. Instead, everyone wants to retain control over decisions while shedding responsibility for outcomes.
A cowboy culture
How are we to deal with businessmen who won’t play fair? There are three responses, and the one most under-rated is to regulate by a system of values.
Down-payment required to curb bid fever
We would be better off if executives involved spent more time minding the store, rather than negotiating to buy each other's stores - so here is a proposal to put sand in the wheels of the takeover machine.
An idea full of leaks
Privatisation is not valuable in and of itself – it is competition that counts. Although it has worked elsewhere, it has not and will not work in the water industry, because there is no scope for competition.
Challenging the robust and flexible plc
We are converging on the plc as the only form of economic organisation in the modern world. But this is not without costs - and it is because we are not giving viable alternatives any legal encouragement.
A question of clarity and certainty
Try formalising a dress code and you will understand the importance of informal, cultural regulation.
Sharing responsibility is to pass the buck
Taking decision making powers without also taking responsibility means that nobody is really responsible at all – as Michael Howard has ably demonstrated.