Regulation, red tape, sometimes necessary as Grenfell and BHS prove in different ways
How often have you heard politicians, especially low-rent Conservative politicians, banging on about red tape?
If we just took up our scissors and cut through the lot of it then the British economy would surge off into the stratosphere, leaving those of our (former) EU friends in the dust!
We’d be richer and happier as a foggy Asian tiger! Now, if we could just get the flights over there sorted out. Better get Boris Island built in the Thames estuary. With all that extra money we’d surely be able to afford a white elephant like that.
Rules covering health and safety: they’re often derided, but they’re more often essential.
The economic one woke up this week when the Pensions Regulator published its snappily titled, 45-page “regulatory intervention report” into the actions it took over the BHS pension scheme.
The headlines have focussed on the report’s claims about the reasons Sir Philip Green, as the “key decision-maker” in matters related to BHS, had for selling the chain to Dominic Chappell, a serial former bankrupt with no prior retail experience.
It says that his aim was to postpone the retailer’s impending insolvency so he didn’t have to pump cash into the pension scheme.
Full Content: Independent
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