A Gloomy Decade?

Tim Montgomerie is in full-on never waste a crisis mode today. Given the doom plastered across all the front pages (The Sun excepted) this is a good time for wheeling out old favourites:

With the world economy facing such a bleak decade this is no time for half measures. We need to be cutting taxes on business and funding them with deeper cuts in the over-sized state. We should be suspending environmental measures that are imposing heavy and futile costs on our manufacturing industry. We shouldn’t be loading new regulations on our banks until the economy is strong again. We need them to be lending. We need reform of competition policy, sale of public sector assets, regionalisation of the minimum wage, no-strike agreements in the public sector and refocusing of trade policy on bilateral rather than multilateral agreements. We should also realise that we can’t afford bailouts for broken Eurozone economies.