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Middle-class problems

27 March 2018

Middle-class professionals are operating a closed shop, deterring new entrants to the market, claims chief secretary to the Treasury Liz Truss.

She said professionals such as lawyers and accountants effective hid behind professional regulations, and this is damaging growth. Truss pointed out that there are “people with a vested interest in more government”, and she is promising to wage war on their restrictive practices.

She told a recent conference: “They can be the lobbyists. They can be the unions.
They can be the bureaucrats. They can be the nimbys. I call them The Blob. Gloopy. Treacly. Hard to define. Harder to resist.”

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