The race is on to elect a new chair for the Treasury select committee after the powerful position was left vacant when influential lawmaker Andrew Tyrie announced he was leaving parliament. Writing exclusively for City A.M., John Penrose makes his pitch for the job. This Parliament will create a new,…
Read MoreExtract from an article in The Times, where John says that Taxpayers were ‘fleeced’ over Worldpay deal… MPs have attacked the way Royal Bank of Scotland was forced into fire sales of assets by European regulators, as the state-owned bank’s disposal of Worldpay in 2010 came under the spotlight. “The British…
Read MoreToday, energy watchdog Ofgem unveiled plans to “protect vulnerable consumers” with a “safeguard tariff”. But John Penrose, a leading proponent for an energy cap in the Conservative party, said that the plan will help fewer than three million energy customers. “Ofgem’s proposals will not end the energy rip-off for 17 million…
Read MoreJohn Penrose, author of The Great Rebalancing: A sovereign wealth fund to make the UK’s economy the strongest in the G20 (link), has long campaigned for the establishment of a British Sovereign Wealth Fund to underpin the state pension and benefits system. Today’s Conservative Manifesto (page 20) says that this will now…
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