What the study I chaired actually said was we needed tougher regulation of cash and capital in banks, as credit was too easy. Events proved that right.
John RedwoodThe Irish move to a very low corporation tax has generated very significant revenue growth, considerably in excess of Britain's, where a slower economy has been combined with a number of stealth taxes.
John RedwoodWhen teachers try to teach, nurses try to nurse, small businesses try to serve their clients and the police try to arrest criminals, there is always a regulator or three breathing down their necks. Conservatives want to make people's lives easier.
John RedwoodThe Prime Minister in the UK thinks spending and borrowing more is the right thing to do in the circumstances, and is busily trying to bail out chunks of the private sector which would otherwise have to adjust more quickly to the painful reality that we have been living beyond our means.
John Redwood