David Young

Health’n’safety everywhere — except in the banking system

David Young was the first minister for deregulation, 25 years ago. What we need now, he says, is stronger regulation of banks combined with a bonfire of red tape for business

issue 14 February 2009
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‘The President tells me that too much regulation is harming business,’ Margaret Thatcher said, the moment I walked into her office for my weekly meeting. I had been appointed minister without portfolio some months earlier and the Prime Minister had just returned overnight from her latest summit with Ronald Reagan.

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