Monthly Archives: January 2008

At last – the Network Rail ‘A’ Level arrives

The government has come up with a sure fire winner for students this time. Here is the A level you may not have to study for when it is snowing, or when the leaves are in fall. Here is the A level you can take your time over at Christmas and the New Year. Will [...]

Posted in Blog | 4 Comments

Why aren’t central London house prices falling?

Commercial property has fallen by 10-15% as a result of the credit crunch in little more than three months. The Stock market has fallen, with property and housebuilding shares halving from the market peak. Yet central London property had a fabulous year of price rises throughout 2007, and still there is no sign of major [...]

Posted in Blog | 3 Comments

Davos and Soros are too gloomy- but Davos usually gets it wrong

A year ago the luminaries, power brokers and business leaders at Davos were very optimistic. The discussion in private sessions ranged widely over ever larger bids based on heavy borrowings. We were at the peak of the rule of King leverage. The attendees foresaw a continuation of the securitisation bubble and thought it represented the [...]

Posted in Blog | 1 Comment

Let’s make the Bank of England more than a monthly academic tea party for the MPC

The Chancellor has promised a statement next week to try to sort out the regulatory mess that characterised the Northern Rock debacle. What he needs to do is the following: 1. Ensure the Bank of England is more than just a monthly tea party for a group of academic economists sitting round talking about interest [...]

Posted in Blog, Northern Rock | 4 Comments

More regulation? I don’t think so – this sub prime crisis is a regulatory crisis.

The sub prime crisis, a run on a UK mortgage bank, and now the loss of $7 billion dollars through rogue trades at Soc Gen: and still they say regulation works! I accept that financial services businesses can be different. Where they take money from people, on the promise they will repay it at some [...]

Posted in Blog, Northern Rock | 6 Comments

TODAY TOWER COLLIERY CLOSES ? 13 years after the Coal Board pronounced its death

When I was Secretary of State for Wales, the National Coal Board was embarked on a substantial pits closure programme. In each case they reported to the Energy Minister and Secretary of State (DTI) that the particular pit was worked out. They claimed to have surveyed it accurately, and discovered either that there was no [...]

Posted in Blog, History | 10 Comments

Redwood meets with Sir Michael Pitt to discuss flooding

Earlier today (Thursday the 24th January), John Redwood met with Sir Michael Pitt, author of the official review into what action should be taken to tackle the problem of flooding, in the House of Commons to discuss his interim report. John Redwood visited the affected areas in Wokingham over the weekend of last July’s floods, [...]

Posted in Press Releases | 1 Comment

The Home Secretary does not know the meaning of “consultation”

No wonder people are cynical about many politicians. The Home Secretary finishes a consultation where 90% of the respondents tell her they do not want to see any increase in the 28 day period of detention without charge or trial. As a result, she concludes she must press ahead with legislation to allow detention for [...]

Posted in Blog | 11 Comments

Let me say something nice about Mr Darling

Over the last decade the UK has been marooned with a high standard rate of capital gains tax, whilst many other countries have decided to be friendlier to savers and entrepreneurs by slashing CGT rates. I welcome Mr Darlings decision to cut the wholly uncompetitive 40% UK rate to 18%, a rate closer to the [...]

Posted in Blog | 3 Comments

Ruth Kelly admits the commercial attractiveness of road over rail

<strong>When quizzed by John Redwood yesterday in the Commons debate on freight rail, the Secretary of State for Transport surprisingly conceded that road rather than rail activity was a much more viable option for businesses, and that commercial companies can only be expected to make this choice.</strong> The question and answer, taken from Hansard, follow. [...]

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  • About John Redwood

    John Redwood has been the Member of Parliament for Wokingham since 1987. First attending Kent College, Canterbury, he graduated from Magdalen College, and has a DPhil from All Souls, Oxford. A businessman by background, he has been a director of NM Rothschild merchant bank and chairman of a quoted industrial PLC.
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