Tom Baigrie: Why I urge reform

The response of many commentators to the 30th anniversary of regulation has been to condemn its failure to stop consumers being ripped off while endlessly increasing the duties and costs it opposes on the law abiding. I see it a bit differently. No police force can stop all crime, but they can reduce the incidence and marginalise criminal behaviour. The alphabet soup of three decades' worth of regulators may well have been careless with the profit margins of those they regulate, but they have achieved their primary aim. From endowments to deceitful tied sales forces, from high comm...