The Edge

Richard Northedge takes on corporate finance

Archive for the ‘Government’ category

Private individuals (and companies) are entitled to their privacy

Tony Blair introduced the Freedom of Information Act but later called it dangerous legislation. It is there to expose government workings but in publishing the names of people who have rejected honours, the law is intruding into private lives.
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Scotland loses most from independence

Scotland’s proposed referendum is not a vote on that country’s independence, but on independence for England, Wales and Northern Ireland. Losing 5.2m people is a small loss for the rest of the UK, but losing 65m is a big blow for Scotland.
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Clegg’s company ownership plans: Employee owners are a good thing

If the wheel’s been invented and is being ignored, there’s no harm in re-inventing it. So don’t knock Nick Clegg just because he is a latecomer to employee share-ownership.
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Looking for Olympic gold: Cameron’s big ask of the Olympics and Diamond Jubilee

Will a royal Diamond Jubilee and the Olympic Games rescue the UK economy in 2012? David Cameron thinks (or maybe just hopes) so in his New Year’s message, but it’s big ask.
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Forget the big capital schemes, get people working now

George Osborne is in a hole. But on this occasion, the best advice is to keep on digging. This is time for the Keynes’ idea of paying some of the unemployed to dig holes and paying others to fill them in.
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But who would take the Heathwick rail link?

Heathwick – or should it be Gatrow – looks like a take-off waiting to be aborted. The idea of a high-speed link between London’s two biggest airports will be cancelled before the engines are revved up.
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At least credit-card customers are spending: Cameron isn’t

Margaret Thatcher applied the economics of the home to the finances of the nation. David Cameron needs to realise that if telling consumers to pay off their credit-card bills curtails economic growth, so does axing government expenditure.
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Don’t penalise prudent students

Now the government is to charge students for going to university it makes sense to lend them the funds. But it makes no sense to penalise them for repaying the loan early. The government must think these loans will be so profitable it wants to keep them going.
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The old must pay for their care – when they are young

It seems fair for those likely to need long-term care in their old age to pay for it, but do not expect ministers to impose National Insurance on pensioners’ incomes to raise the cash. That is far too political – and oldies still vote.
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Public-sector pensions are worth the fight

Having picked a fight on public-sector pensions, let’s hope the government is up to finishing it. Ministers have identified the right subject even if they appear to be handling it poorly.
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