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State banks appeal to SMEs, but there are better options

The economist Adam Posen is a man that few printers will have heard of before this week. Known primarily for being the arch-dove on the Bank of England's nine member Monetary Policy Committee, Posen has long been advocating (loudly and in isolation) a further bout of quantitative easing.

The packaging proposals are dangerous and unprecedented

In addition to being heavy handed and without giving due consideration to previous regulation introduced into the sector, this legislation would give the UK a reputation as a bad place to do business, making it harder to attract investment. The proposal is also an open invitation to black market trade.

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