Posts

Showing posts from August, 2018

JRM's unregulated Brexit nightmare

Image
Brexit high priest Rees-Mogg argued, at the parliamentary Treasury select Committee, that there is a very long way to go in abolishing business regulations post-Brexit and “if it’s good enough for India, it could acceptable here”. Rees-Mogg is either deluded or he and his fellow Brexiters are planning serious harm to UK workers and consumers.

I've been to India on a number of business visits to look at practices in construction & manufacturing. I observed striking examples of the contrast between UK & Indian business regulation, as an active investor in modular construction systems with a professional interest in the industry in Europe and internationally.

I visited a large construction site near Faridabad where a series of tower blocks, average 20 stories, were being built. I found an astonishing lack of investment in equipment such as earthmovers, power tools, cranes or lifting gear, all of which would be found on a European project. Scaffolding consisted of poles lashe…