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The Public Accounts Committee (PAC) on Wednesday called for a rethink in how UK regulators operate, as it said in a report that it is “not clear that government and regulators are equipped” to meet a series of oncoming and significant challenges including post-Brexit rules and technological changes. The calls come as UK bodies take on roles European regulators previously held and the UK attempts to adapt quickly to rapid technological and social changes that include increased focus on the climate emergency. The report said that UK regulators have been too slow to innovate and “do not have a good enough understanding of the costs and benefits of regulation.” “Poor regulation has serious human, economic and environmental consequences: From the Grenfell tragedy to the miss-selling of pensions, regulatory failures have played a part. But as we have seen during the pandemic, regulators can move fast," said Dame Meg Hillier MP and chair of the PAC.

No, I like my advisers to give me the facts as they are so I can make the right investment decisions. Off to Portugal again Thursday so I will perk up then thanks!!

A quote from my currency provider yesterday: This came despite weaker-than-expected UK economic growth figures and better-than-expected equivalent figures in the Eurozone, and despite Covid cases in the UK continuing to cause concern. The UK government perhaps added some economic confidence as it ditched ideas for mandatory Covid vaccine passports at large events, and as plans to vaccinate healthy 12-15 year olds in England gather momentum.

Really: Labour shortage causing crisis in UK poultry supply Immediate government action is needed to stem the supply crisis facing the UK poultry industry, due to a severe shortage of staff.

DC2 seems to think a small chance of an interest rate hike is a big win!!! Wow!!

Good job we got a trade deal with Aus!! The UK is set to drop from the list of the top 10 trading partners for Germany by 2022 for the first time since the 1950s, new figures have shown. According to the Federal Statistics Office, in the first half of 2021, Germany decreased its spend on British goods by £13.8bn ($19bn), or about 11%. By 2022, the UK looks to be on course for the 11th spot in terms of trade with Europe's largest economy. Before Brexit in 2016, the UK was Germany's fifth most important trading partner. Sectors that face particular hardships as a result of the drop are agriculture and pharmaceuticals. Imports to Germany from the UK are down by 80% and 50% respectively, the data show.

Definition of insanity isn’t it?….

Where as Quitters have not managed to even locate any pictures at all!!

So much for Johnson's Green Economy! "UK secretly dropped climate promise for trade deal with Australia. Liz Truus and Kwasi Kwarteng decided to 'drop both of the climate asks' from the text of the UK-Aus agreement in order to get it over the line according to a senior government official" A binding section that referenced the Paris Agreement was scrubbed from the accord after pressure from Australian government which has a notoriously weak record on climate action. Jon Stone Policy Correspondent Independent.

As per Steve's post above yours - Brexit is costing £600M per week. A lot of business people predicted that leaving would cost the economy but that is a staggering figure! They were just told by the government that were being negative and Johnson was quoted as saying f**k business! Well it certainly did!

I had an uncle whose name was Percy Walter Anker!!

“I personally don’t think that’s the problem with Brexit, I think it’s the problem with the way in which our immigration system is being run.” Tory peer, totally sums up the state we are in. Dear oh dear!!

.............but then you would be arguing with yourself!!

Supply problems and labour shortages start to bite, not all due to Brexit of course but leaving the EU had definitely exacerbated the situation: A meeting of brassica growers last month ended on a gloomy note. “We might as well pack up and go home unless returns improve,” one grower said. The problem was not a shortage of demand for cabbages and broccoli but getting them out of the ground and onto the shelves. Farmers are facing acute supply chain problems, from labour shortages to higher packaging costs and longer delivery times. Cardboard prices have risen on the back of the home delivery boom, logistics are being stretched by a shortage of hauliers and the reopening of hospitality — combined with rising post-pandemic demand for delivery drivers, 100,000 fewer EU workers and the million-odd people still on furlough — has made labour for lower margin industries scarce. Supply chains have become more expensive at best and, at worst, are breaking down. “We have a big problem with pigs backing up on farms,” Tom Bradshaw, vice-president of the National Farmers Union, said. “They can only kill four not five days a week because they don’t have the butchers.” Much the same is happening in the poultry industry, which is hatching 10 per cent fewer chicks because producers know they will not be able to process the grown birds. Beef slaughterhouses “can’t extract all the value from the carcass because there aren’t enough butchers to process the offal”, Bradshaw added.