Green objectives are only one of the many ways in which Labour asks decency and regulated advance to lie down in front of the Juggernaut of Economic Growth. We need a new voice even for the supposed notion of a ‘centre’ left, for this is the bullying capitalist state of the nineteenth century resurrected. Meanwhile decency in foreign policy has long been abandoned. This prime minister replaces decency with rhetoric – its burden, the enrichment of the lower middle-classes and the fattening up of labour in massively deregulated industry, until it too requires to be sacrificed.
Truss dressed more soberly
Most of Britain’s economic regulators already have a Growth Duty enshrined in their statute, having come into effect in March 2017 under the Deregulation Act of two years earlier.
The push for watchdogs to have greater regard for economic competitiveness has already triggered a series of flashpoints, most notably in the financial services industry, where ministers have clashed with FCA officials over a number of policy areas.
Sir Keir has already signalled his aim of removing red tape, telling the government’s flagship International Investment Summit in the autumn: “The key test for me on regulation is of course growth.
“We’ve got to look at regulation across the piece, and where it is needlessly holding back the investment we need to take our country forward.
“Where it is stopping us building the homes, the data centres, the warehouses, grid connectors, roads, trainlines, then mark my words – we will get rid of it.”
On Saturday, a government spokesman declined to comment on the contents of the letter to regulators but said: “Our Plan for Change will drive economic growth right across the country, putting more money in people’s pockets.
“Regulating for growth instead of just risk is essential to that mission, ensuring that regulation does not unnecessarily hold back investment and good jobs in the UK.”
The worship of GROWTH in 1845
In despair
Steve. xxxxxx
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