Banks aren’t lending but the Single Income Tax could help growing companies access the finance they need
Apr 2013 24

The Daily Telegraph’s Jeremy Warner has written about his ‘epiphany’ moment when he realised that UK banks really are being too risk-averse:

At a Grant Thornton discussion among businessmen in the West Midlands which I was moderating, Jonathan Duck, chief executive of the flooring company Amtico, said that he had become so frustrated in trying to persuade bankers to finance new investment that he’s sold the company. Continue Reading

Comment: Sorry Mr Hammond, MPs don’t deserve a pay rise
Apr 2013 24

Writing for TPA Campaign Manager Eleanor McGrath argues against a 60 per cent pay rise for MPs.

It emerged over the weekend that transport minister Stephen Hammond thinks MPs deserve a pay rise of 60%.

Yes, you read that correctly. According to The Sun on Sunday he responded to the Independent Parliamentary Standards Authority (IPSA) review into MPs’ pay with a call for their salaries to be increased to over £100,000.

Click here to continue reading the full article 

Vince Cable’s bonkers beer bureaucrats no alternative to lower taxes and planning reform
Apr 2013 23

Pub groups have slammed Department for Business, Innovation and Skills plans for a new quango to micro-manage the details of agreements between pub landlords and their commercial tenants. Punch Taverns said:

A founding commitment of the coalition was to reduce regulation, but ministers now seem intent on wrapping Britain’s pubs in red tape.

Continue Reading

Costly Bridlington Regeneration Scheme hits the rocks
Apr 2013 23

“If you want an example of how not to regenerate a town, Bridlington in a prime example”. I wrote those words in September 2010, and yesterday it was revealed in the Yorkshire Post that the regeneration plan in the seaside town was on the brink of collapse

The £200 million scheme to rejuvenate Bridlington has been unpopular with local people from the start. It involves buying up and demolishing existing properties to make way for Burlington Parade: a retail, small business and residential development. The reason why it was and is unpopular is because this new development is essentially an out of town shopping centre. Many properties already bought are vacant and boarded up. This grandiose plan will suck-out trade from existing shops, and attempt to redirect it to the new retail area, and in the process, keep more trade in the town and attract new visitors. Continue Reading

Further controversy at Cardiff International Airport
Apr 2013 19

With Cardiff City getting promoted into top flight football this week, some could be excused for missing another damning blow for the Welsh Government in its attempt to save ailing Cardiff International Airport. Figures released by the Civil Aviation Authority show a decline of 15% in passenger numbers last year, taking the total number of passengers using the airport to under 1 million (994,885).

The airport, which was purchased by the Welsh Government at a cost of £52 million to Welsh taxpayers, has been labelled as being vital to the Welsh economy. However Tuesday was the first time Assembly Members had met since its purchase last month, with those in opposition expressing dismay at the little to no progress thus far made on the venture. Continue Reading

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