Growth in an over-taxed, over-regulated environment? Dream on

John Redwood, in the run-up to the budget, is hoping to influence the Treasury's choices in an effort to encourage growth from the private sector.  Today, he seeks to encourage the government to make the tax regime fairer.

Recessions should provide opportunities for new entrepreneurs as 'negative growth' drives out mal-invested organisations from the marketplace.  New entrepreneurs would bring new ideas to the market, along with new efficiencies and standards - based on the new realities.

However, despite the risible tweaks in recent budgets, the red tape and taxes that apply to startups and the banks' refusal to lend to viable businesses (due to their having to adhere to recapitalisation rules*), it is hard to see how any entrepreneurs can emerge in the current politico-economic climate. 

The common denominator in this over-regulated, over-taxed recessionary climate is government interference, of course.

Government needs to get out of the way, let the mal-invested zombie banks die and stop printing money. These zombie banks do not promote wealth.  Instead, they suck the oxygen out of the wealth-producing  private sector.

Fortunately, America is beginning to wake up to the damage that is done to national economies by central banks, as was abundantly evident at the Texas Republican Senatorial Debate.

Wow! Ron Paul's message is finally shifting the financial tectonic plates from Keynesianism to Austrian Economics ...



Tax, regulation and centralised control of the monetary system is killing Britain.

Free us from these burdens, Mr Osborne - or growth will remain elusive in the real productive sector. But that won't happen while we're in the EU, as Daniel Hannan says:

We have locked ourselves into a declining regional bloc, with whom we run a massive deficit, at the expense of the developing and Commonwealth markets with whom we are still in surplus (I quote the trade figures in the piece). We have disadvantaged our farmers, betrayed our fishermen and burdened our small entrepreneurs. We now propose to wreck our financial services sector. On top  of all this, we have ceased to be an independent democracy. Oh, and we pay £19 billion a year for the privilege of having these things done to us.

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* Recapitalisation wouldn't've been 'necessary' had we allowed the zombie banks to go bust.

PETITION TO HAVE THE EU ACCOUNTS AUDITED