FT.com / UK - Tories pledge rapid reform on regulation

FT.com / UK - Tories pledge rapid reform on regulation: "'Think about the enormous disruption this would create at a time of great uncertainty for the financial services sector and the economy generally. To say that this would be ill-timed is a massive understatement,' Andrew Love, a Labour member of the Treasury select committee, told a Westminster event.
Vince Cable, Liberal Democrat Treasury spokesman, said the reforms would involve 'major costs . . . and massive uncertainty . . . at a crucial time'."


Dear Tories, please stop and think, listen to those who have been regulated rather than those who have been regulating as well as those who have created every manifistation of failed regulators to date.

Council tax rise needed due to local government pensions black hole - Telegraph

Council tax rise needed due to local government pensions black hole - Telegraph: "She said: “The Liberal Democrats are playing into the hands of commentators peddling the line that hard-working public servants are living in the lap of luxury once they have retired.”
The Government described the size of the deficit as “pure speculation”.
A spokesman for the Department of Communities and Local Government said: “This year's valuation of the fund has not been carried out yet and is legally required to be based on market levels at the end of March - no one has any accurate way of knowing what that will be.”"
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What was it last year? And the year before?

We can't afford to fund these pension schemes, time to wind them up...