Lord Heseltine at the Global Entrepreneurship Congress

At the Global Entrepreneurship Congress in Liverpool Lord Heseltine gave a fascinating insight into his career as a successful business man in publishing.

However, it was more interesting for me to hear him talk in the Q & A about the issue of cutting ‘red tape’ for businesses.

Firstly, he pointed out that the most successful economy in Europe is the most regulated – Germany.

Secondly, he said that in his time as President of the Board of Trade he repeatedly asked businesses and their representative organisations about ideas for deregulation. He stated that he never received one sensible suggestion.

Such an interesting comment from a former Deputy Prime Minister in the Major Conservative government, which would normally be associated with cutting red tape. Hesseltine was also the champion of enterprise zones in the 1980s which sought to boost the local economies in deprived areas by reducing regulatory barriers.

He was awarded the freedom of the City of Liverpool to acknowledge his role as Minister for Merseyside in the 1980s and his current role in the Cities’ Task Force.

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