There is also a real danger that providers will create structures for artificial reasons to get around arcane rules governing market entry, rather than creating partnerships that add public value.
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It is hard to see how the government can maintain its veto on nuclear new build.John Cridland
In Europe, we're seeing a wave of so-called economic patriotism. Protectionism is pernicious, pervasive, the ill-conceived political response to globalization and on the increase.
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The opportunity to simplify regulation and get rid of duplication must not be missed. Britain's future competitiveness depends on it.
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The going is getting tougher. The relationship will depend on the nature of the decisions the government takes and how credible they are with the business community,
John Cridland
If the regulator gets this wrong, it could have the perverse effect of throttling private sector investment, thereby damaging the UK economy, putting the very pension schemes the regulator is trying to protect under even more pressure.
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It welcomes new powers for shareholders to vote through proportionate liability for auditors, which should result in a fairer sharing of the burden between companies and their auditors.
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