So it is goodbye to the Payment Systems Regulator, which will be merged with the Financial Conduct Authority. That is not a huge breakthrough for the nation in itself – it merely means that the likes of Visa and Mastercard will have a different telephone number to ring when they want to organise a bit of lobbying. But it is, Keir Starmer wants us to know, just the beginning. Just as he promised on Monday to chop the benefits bill, the Prime Minister wants us to know that he now has quangos in his sights.
To be fair to him, he does seem to appreciate the problem with ‘quasi-autonomous non-government organisations’, to give them their full name. It is not just a matter of public money being splurged on salaries, first-class tickets, hotels and all the other things that quangocrats enjoy. The rise of quangos has been driven by a desire on the part of ministers to avoid accountability.
Get Britain's best politics newsletters
Register to get The Spectator's insight and opinion straight to your inbox. You can then read two free articles each week.
Already a subscriber? Log in
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in