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Writing for the Conservative Home website Hannan wants to ‘boost’ our economy by scrapping whole swathes of regulations.
It's starting... "Deregulation, cutting red tape"
- Thread starter Artaxerxes
- Start date
Artaxerxes
Look out, he's got a gnu!
Is this some of the red tape being cut?
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FT reporting how "UK and EU begin diverging on financial regulation after Brexit"
www.ft.com
Basically UK moving away from centralised regulation to a US-style "self-regulatory" model. Its been ages since anything bad ever came from that.
Sounds like a new wild west in the City beckons.... This one of the key outcomes dreamed of by that banker Farage, I gather
UK and EU begin diverging on financial regulation after Brexit
Prospects for supervisory ‘equivalence’ fade as each side pursues differing rules
Basically UK moving away from centralised regulation to a US-style "self-regulatory" model. Its been ages since anything bad ever came from that.
Sounds like a new wild west in the City beckons.... This one of the key outcomes dreamed of by that banker Farage, I gather
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Artaxerxes
Look out, he's got a gnu!
brogdale
Coming to terms with late onset Anarchism
Remuneration insufficient to attract enough workers; no problem, just make the existing workers labour for longer.
What could possibly...
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Gene edited crops may be fine...
...but the key line is this:
" European Union regulations require that gene-edited crops are treated the same as genetically-modified crops.
These rules call for a number of field trials over a period of several years, as well as extensive food safety tests.
The final hurdle is for member states to vote to approve a new variety.
This approach is regarded by biotech companies as too onerous and expensive, so no genetically altered crops are developed in the European Union."
...so if there is a danger we'll only find out once its too late
Brexit paves the way for gene-edited crops
Ministers will relax regulation of gene-edited crops to allow their commercial growing in England.
www.bbc.co.uk
...but the key line is this:
" European Union regulations require that gene-edited crops are treated the same as genetically-modified crops.
These rules call for a number of field trials over a period of several years, as well as extensive food safety tests.
The final hurdle is for member states to vote to approve a new variety.
This approach is regarded by biotech companies as too onerous and expensive, so no genetically altered crops are developed in the European Union."
...so if there is a danger we'll only find out once its too late
not-bono-ever
meh
trying to flog GM based foodstuffs to our coos st neighbours over the channel might be a ball ache
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absolutely - will require that its labelled as such and then blocked Id imagine
two sheds
Least noticed poster 2007
unless such unnecessary and distracting red tape labeling is done away with, as companies have tried (not sure whether actually succeeded) in the US.
Dogsauce
I’ve got Skol but I’m not a Scholar
I believe the US was trying to sue the EU (when U.K. was still a member) for insisting on GM stuff being labelled, because nobody would buy it, and it’s simply not fair on corporations that people should know what’s in their food. I think it was pitched as an unfair trade barrier but don’t think it got anywhere. Johnson will of course roll over under any pressure on this (“yes sir, right away sir!”). Taking back control.
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UK trade deals should prioritise economic growth over environmental protections - leaked govt document
The document says it can be very difficult to trade with some countries that do not necessarily support saving the environment but the government says ministers are not considering the advice.
"Campaigners say this could mean goods entering the UK market could be linked to rainforest deforestation, very high levels of emissions or chemicals that would be banned here but are allowed in other countries such as palm oil from rainforest sanctuaries in Indonesia."
...
Kierra Box, a trade expert from Friends of the Earth, said the impact of this approach could be huge.
"It might be something like a product that's produced in a way with hugely high carbon impacts, which we could produce in much more environmentally friendly ways within this country or get from elsewhere," she said.
"Or it might be something like palm oil or soy or meat, which we source from areas that have been deforested, so we're talking about products which are responsible for decline in our rainforest, pollution in our oceans, and the huge impacts on climate change - these are things we should be ruling out of trade deals, not ruling in."
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" Environmental groups and a leading cancer charity have warned that a new post-Brexit regime to regulate hazardous chemicals risks the UK becoming a “dumping ground” for harmful substances. The warnings came after the UK government published a policy paper setting out how its approach to regulating hazardous chemicals would diverge from the EU’s REACH chemical safety regime, which no longer applies in the UK after Brexit.
The paper revealed that of ten potentially hazardous chemicals that were added to an EU’s watchlist of “substances of very high concern” (SVHCs) during 2021, only four would be considered for inclusion in an equivalent UK list.
...
Dr Michael Warhurst, executive director of CHEM Trust, a charity, warned that creating a shorter list, while relying partly on evidence voluntarily provided by industry to assess chemicals, risked creating a weaker safety regime in the UK.
www.ft.com
The paper revealed that of ten potentially hazardous chemicals that were added to an EU’s watchlist of “substances of very high concern” (SVHCs) during 2021, only four would be considered for inclusion in an equivalent UK list.
...
Dr Michael Warhurst, executive director of CHEM Trust, a charity, warned that creating a shorter list, while relying partly on evidence voluntarily provided by industry to assess chemicals, risked creating a weaker safety regime in the UK.
Post-Brexit chemicals regime risks UK safety standards, warn environmental groups
UK government sets out how its approach to regulating hazardous substances would diverge from EU’s REACH regime
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...its the I, its short on detail, but its not that improbable
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"In other news, the i leads on a report that Downing Street has asked ministers to ease restraints on top City pay to show overseas companies the "benefits of Brexit". The paper says it's seen a confidential letter from the cabinet office minister, Steve Barclay, to the chancellor, calling for "deregulatory measures" to attract more foreign companies to the UK after Brexit. The Department for Business has told the i it is "exploring whether there are any unnecessary restrictions on paying non-executive directors in shares, which could ensure they are fully invested in the success of the company they run".
the shocking bit for me is that there are currently limits on earnings
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we're so fucked
UK banking rules in biggest shake-up in more than 30 years
Rules introduced after the financial crisis in 2008 that were aimed at limiting risks will be eased.
www.bbc.co.uk
SpookyFrank
A cheap source of teeth for aquarium gravel
we're so fucked
UK banking rules in biggest shake-up in more than 30 years
Rules introduced after the financial crisis in 2008 that were aimed at limiting risks will be eased.www.bbc.co.uk
Maybe these tories are actually deep-cover accelerationist tankies. It's almost a more plausible explanation than them actually being this fucking stupid.
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accelerationist probably isnt far off the mark tbh, how quickly can they dismantle the welfare state... and quite keen on tanks too
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Ming
I shot a man in Reno...
The fucking Tories are like a stuck record. Like the daleks…DEREGULATE! DEREGULATE! DEREGULATE! PRIVATISE! PRIVATISE! PRIVATISE!, (etc).we're so fucked
UK banking rules in biggest shake-up in more than 30 years
Rules introduced after the financial crisis in 2008 that were aimed at limiting risks will be eased.www.bbc.co.uk
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regarding the Bonfire bill, theres some more reporting on it today from the FT...:
"critics warned that two important elements of the bill remained: first, the ending of the “supremacy” of EU law and legal principles in UK law; and second, sweeping powers for ministers to revoke any retained EU regulation without parliamentary scrutiny until June 23 2026. (sounds very dodgy)
“The government dropped the most obviously ludicrous sunset clause but retained the much more sinister part of the bill which hands ministers unlimited powers to replace laws, with the only constraint being that they are deregulatory"
........
The British Chambers of Commerce said the vast majority of regulations slated for revocation “appear uncontentious”.But Greener UK, a coalition of 10 of the UK’s largest conservation groups, including the RSPB and the National Trust, said the list included potentially significant laws covering water management and air pollution controls, including parts of the 2018 National Emission Ceilings Regulations.
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Tim Sharp, senior policy officer for employment rights at the TUC, the union umbrella group, warned that ministers could erode important workers’ protections on holiday pay and working conditions.Caspar Glyn, deputy chair of the Employment Lawyers Association, said the bill removed key principles of EU law on which decades of UK precedents have been built.This could affect employees’ ability to bring equal pay claims. It will also leave both employers and employees unclear on the meaning of large parts of employment law that affect investment and the cost of labour.
“If you’re sick you can carry over holiday for 18 months. That took 14 years of litigation to work out. On January 1, we won’t know,” Glyn said.Trade groups also warn that industry will need to monitor the effects of passive regulatory divergence, as the EU continues to change its laws. This “could lead to increased barriers to trade”, according to William Bain, head of trade policy at the BCC.
"critics warned that two important elements of the bill remained: first, the ending of the “supremacy” of EU law and legal principles in UK law; and second, sweeping powers for ministers to revoke any retained EU regulation without parliamentary scrutiny until June 23 2026. (sounds very dodgy)
“The government dropped the most obviously ludicrous sunset clause but retained the much more sinister part of the bill which hands ministers unlimited powers to replace laws, with the only constraint being that they are deregulatory"
........
The British Chambers of Commerce said the vast majority of regulations slated for revocation “appear uncontentious”.But Greener UK, a coalition of 10 of the UK’s largest conservation groups, including the RSPB and the National Trust, said the list included potentially significant laws covering water management and air pollution controls, including parts of the 2018 National Emission Ceilings Regulations.
------------------
Tim Sharp, senior policy officer for employment rights at the TUC, the union umbrella group, warned that ministers could erode important workers’ protections on holiday pay and working conditions.Caspar Glyn, deputy chair of the Employment Lawyers Association, said the bill removed key principles of EU law on which decades of UK precedents have been built.This could affect employees’ ability to bring equal pay claims. It will also leave both employers and employees unclear on the meaning of large parts of employment law that affect investment and the cost of labour.
“If you’re sick you can carry over holiday for 18 months. That took 14 years of litigation to work out. On January 1, we won’t know,” Glyn said.Trade groups also warn that industry will need to monitor the effects of passive regulatory divergence, as the EU continues to change its laws. This “could lead to increased barriers to trade”, according to William Bain, head of trade policy at the BCC.
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When so much work can't cover food and board it's hard to see the difference
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