Recently in Regulatory burden Category

If uncle Gordon was expecting undying gratitude from the City folk he was meeting yesterday, he will have been disappointed. He announced a cut in 25 per cent of business regulations, plus a few other blandishments. And their response? To set up an independent group to ensure that the tax burden is not increased; in other words, to keep an eye on Gordon.

This time around, he will have to take notice. David Cameron has also been wooing the City, and Gordon is getting desperate.

Not strictly tax, but here we go.

In a bid to deliver British companies currently being strangled by red tape, Gordon Brown has pledged to revoke at least 25 per cent of business regulations.

Much sitting on hands over here at the wharf. The Fisherman is unmoved.

One may ask who created these business regulations in the first place.