One of Rachel’s plans to realise her ever-receding hopes and dreams of growth, growth, growth is to relax financial regulation. She will ‘slash red tape’, cut paperwork and speed up access to capital to make it easier for businesses to raise capital, float and list on our (rather than someone else’s) stockmarket. While, of course, ‘preserving high standards and investor protections’. Easy, so why hasn’t it happened before? It’s reminiscent of some of the supposed and touted benefits of Brexit, of which we were hearing much ten years ago (I know). It’s transpired since that it was not EU bureaucracy holding us back after all, but our own morass of/ very sensible and necessary, take your pick, regulations. Most of which exist because of both the financial crash, other frauds/scams or just general corporate financial disasters. There are no easy answers, as if you give them back their guns, some will shoot again.
Budget Rumours and Possibilities
The Budget Rumour Machine is not the shambles it was last year. Before Rachel’s Swansong all sorts of stuff was leaked to see what sort of puddle it would create.
