Comments on: A New Year Message http://touchstoneblog.org.uk/2008/12/a-new-year-message/ Policy news and comment from the Trades Union Congress (TUC) Sat, 11 Feb 2012 01:36:36 +0000 hourly 1 By: Nick Clegg has no way to rebalance economy | ToUChstone blog: A public policy blog from the TUC http://touchstoneblog.org.uk/2008/12/a-new-year-message/comment-page-1/#comment-1080 Nick Clegg has no way to rebalance economy | ToUChstone blog: A public policy blog from the TUC Sat, 03 Jan 2009 10:49:40 +0000 http://www.touchstoneblog.org.uk/?p=1583#comment-1080 [...] Posted at 10:03 am on 3 Jan 09 by Nigel Nick Clegg’s New Year media offensive overlaps with Brendan Barber’s message in some interesting [...] [...] Posted at 10:03 am on 3 Jan 09 by Nigel Nick Clegg’s New Year media offensive overlaps with Brendan Barber’s message in some interesting [...]

]]> By: A message for 2009 | called2account http://touchstoneblog.org.uk/2008/12/a-new-year-message/comment-page-1/#comment-1041 A message for 2009 | called2account Wed, 31 Dec 2008 05:15:46 +0000 http://www.touchstoneblog.org.uk/?p=1583#comment-1041 [...] Barber is looking forward to 2009 on the TUC blog. Amongst the things he says he wants [...] [...] Barber is looking forward to 2009 on the TUC blog. Amongst the things he says he wants [...]

]]> By: Tax Research UK / A message for 2009 http://touchstoneblog.org.uk/2008/12/a-new-year-message/comment-page-1/#comment-1035 Tax Research UK / A message for 2009 Tue, 30 Dec 2008 17:57:30 +0000 http://www.touchstoneblog.org.uk/?p=1583#comment-1035 [...] Barber is looking forward to 2009 on the TUC blog. Amongst the things he says he wants [...] [...] Barber is looking forward to 2009 on the TUC blog. Amongst the things he says he wants [...]

]]> By: Robert Day http://touchstoneblog.org.uk/2008/12/a-new-year-message/comment-page-1/#comment-1031 Robert Day Tue, 30 Dec 2008 10:40:32 +0000 http://www.touchstoneblog.org.uk/?p=1583#comment-1031 Picking out just one issue - Brendan's very last bullet point - the issue with regulation of the financial sector has been the failure of self-regulation. Many of the problems of the FSA stem from the fact that unlike other sectorial regulators, the FSA is organised as a company, staffed and funded from the banks it regulates, and (if investigative journalism be believed) commanded no respect from that sector. So there's the first change. Nationalise the regulator. Staff it with a cadre of proper public servants with the public service ethos - they can still be found if you look hard enough. And then set the regulator loose to make a few examples, the way other sectorial regulators first created by the Tories have been finally doing of late now that they've finally been given the powers and the political steer to do so. Picking out just one issue – Brendan’s very last bullet point – the issue with regulation of the financial sector has been the failure of self-regulation. Many of the problems of the FSA stem from the fact that unlike other sectorial regulators, the FSA is organised as a company, staffed and funded from the banks it regulates, and (if investigative journalism be believed) commanded no respect from that sector.

So there’s the first change. Nationalise the regulator. Staff it with a cadre of proper public servants with the public service ethos – they can still be found if you look hard enough. And then set the regulator loose to make a few examples, the way other sectorial regulators first created by the Tories have been finally doing of late now that they’ve finally been given the powers and the political steer to do so.

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