In their election document, the country’s Catholic bishops – who are not known for their support of free market economics … Continue reading “Lessons from history show self-regulation to be the best kind of control”

In 1997 Gordon Brown removed the so-called “self-regulatory” system for financial services under the Securities and Investment Board and created … Continue reading “Does Britain need a financial regulator?”

You might have thought that, with the Eurozone in turmoil, the EU would have no time to pursue its vendetta … Continue reading “Taxpayers will pay the price for EU hedge fund vendetta”

In a statement published today in the Daily Telegraph and reproduced below, fourteen leading economists – authors of the comprehensive new … Continue reading “Government failure caused the financial crisis”

In the Financial Times earlier this week, Peter Mandelson wrote: Sir, I was surprised by the unreconstructed tone of your … Continue reading “Mandelson has head in the sand”

I now have to admit that I was unduly optimistic about the UK response to the crash regarding the future … Continue reading “Regulators are rewarded for failure”

On Monday, George Osborne made an interesting speech. It would have been a good opening statement at a dinner party … Continue reading “What does Osborne mean?”

Without wishing to trivialise the former, there are eerie similarities between the tragic case of Baby P and the failure … Continue reading “Why regulation fails: Baby P and Northern Rock”