Very often people write in to ask what is the point of all these words? The point is to help and hasten change for the better. Sometimes that happens.
The Chancellor is now more exercised about dear and scarce energy, as we have discussed here.
The regulatory authorities have recently announced a relaxation of the ever tougher cash and capital rules for the time being, to allow more money to be lent to the private sector. Bank balance sheets are much stronger than in 2008. The banks need permission to make a bigger contribution to recovery, and now seem to be getting some of what is needed.
The Prime Minister is now talking of the need for a new relationship with the EU. I regard this as good progress. It is not yet coupled with the referendum many want, nor is there an immediate agenda for talks with the EU over how that might develop. It is however significant that for the first time since Margatet Thatcher got the rebate on our contributions, the UK is formulating requirements for us which will be very different from the rules and requirements on Euro zone countries. The Euro is bound to force change. The UK needs to be clear we wish to move in the opposite direction to the centralisers out to create a political as well as monetary union. Mrs May has agreed to opt us out of all the criminal justice measures, reflecting MP pressure to do just that.
The fresh start group of MPs has worked with the Foreign Office on the wide range of powers currently held by the EU which do not suit many of us in the UK. There are over 100 Conservative MPs now likely to vote for a referendum, and far more who agree we need a new relationship with the EU which would look very different to the current impositions of full membership. Many also now accept across the political spectrum that the UK cannnot join the Euro, nor the emerging political union. That should force a rethink. Over the weeks ahead I will set out how the Uk might play its hand from here, to move to a relationship based on trade and political co-operation, instead of one based on being part of the emerging governemnt of a centralised Europe.