Daily Archives: August 12, 2007

Untying business?

Today’s news: the Tories want to cut regulation on business. Details not reported anywhere I’ve seen (not that I’ve been looking).

Good: less hassle and red tape.

Bad: making it easier for crooks.

On balance, they’re probably right. The history of red tape is that it ties up the honest, leaves ample loopholes for the serious crooks, and perhaps does some good in a grey area between the two.

On the other hand, the author is John Redwood. That fails to inspire confidence. Guess I’ll have to wait for details.