A related point - these ‘checks & balances on the exercise of power’ and the concept of a fair and level playing field that underpins them are fundamental to the functioning of the economy.
What does business want? Everyone thinks that business wants lower taxes and less regulations. And, of course, that is generally true. But less attention is paid to what business actually needs.
Taxes and regulations are much less important than the comfort that power will not and cannot be exercised arbitrarily, that individual merit (competitive advantage) will define success, and that long term investment decisions can be made because the environment is predictable.
The government’s various scandals matter not only because of their ethical import but also because they undermine the well-functioning of the economy.
Who does not think the government will act capriciously against businesses that do not seem to support its interests.

F*ck business.

And who would now rely upon the ministerial code as a check upon the behaviour of the government.
Merit or competitive advantage is no longer the principal driver of government decisions. An expensive stake is bought in a bankrupt satellite company despite trenchant criticism and with virtually no decision making disclosure.
Key appointments seem to be made on the basis of friendship and loyalty. There is a privileged process for certain suppliers of PPE.

It is who you know, not what you know.

Will this change business approach to government procurement?

How can it not?
Predictability in the direction of the economy has been severely damaged. We are weeks away from the end of the transition period. Not only is no deal (or no no deal) in place but in any circumstance the new rules are still not clear.
Unpredictability is everywhere you look. Will there be a new state aid regime? Who knows. How will trade between NI and rUk be impacted? Who knows. What will happen on June 1? Who knows. Can we rely on the rule of law? Who knows.
Brexit has been implemented with an almost complete disregard for the economy. This has been worsened by the government’s disregard for anything other than its own interests.

Do not be surprised when businesses and the economy at accordingly.

/ends

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More from @Sime0nStylites

21 Nov
Small things but it gives me no end of happiness to wander around our French neighbourhood and joke with the lady in Franprix about the crazy English or discuss the latest Covid stats with the guy in Nicolas or ask after the baby of the lady who works in the boucherie.
There’s a real pleasure, a sense of positive self accomplishment, in being foreign, somewhere else, and despite being from elsewhere, being entirely accepted into this different community.
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And what’s the worst Cummings can do?
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An extract from Naja Marie Aidt’s extraordinary and devastating, When Death Takes Something From You Give It Back.
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