This is a coalition without courage

Forget the double dip: ministers say we can now go faster on the M25 and don't have to recycle as mu

So here it is, then, the legacy of the Coalition taking shape. 80mph motorways, weekly bin collections, 5p plastic bags and making it easier to sack people.

Here is a Government acting like a giant mimsying parish council tinkering at the edges while everything else falls apart. Forget the double dip, our whole nation descending like a spittle-soaked nacho being plunged into an over-ripe bowl of taramasalata; we can go a bit faster on the M25! We can throw away as much as we like! We can pretend to care about the environment! We can get rid of more staff without worrying about their pesky so-called rights!

Neeyow! Stick two fingers up to the so-called speed cameras brigade daring to stop 'otherwise-law-abiding' motorists and put your foot down hard on the gas pedal. Here comes freedom! You might not have a job, but if you did have a job, you'd be able to drive a bit faster, if you could afford a car, which you can't, because there aren't any jobs. But suppose you did have a car: you could go more quickly in it. Doesn't that make you feel better about things?

As well as that, you can throw away as much as you like, because Eric Pickles has found £250million down the back of the settee to reward councils who reinstate weekly bin collections. Hurrah! Of course, you might find that cold comfort if you're not earning enough money to be able to afford anything - let alone to be able to afford to just chuck stuff away without recycling or composting - but suppose you did have money: you could waste more of it. Doesn't that make you feel better about things, either?

Forget your local library closing down. Forget the fact there are no jobs, there is no future, there is a whole generation scratching around for work that isn't there. Forget those hundreds of Navy folk heading for the Jobcentreplus; they'll have the consolation of knowing they can retrain as dustmen and women to fill the literally fives of vacancies that will spring up across the land when we enter the wonderful world of weekly collections. Let's have trained Navy personnel manning the dustcarts and launching wheelie bins as torpedoes as they roar around at 80mph twice a week; it's a perfect solution.

Of course, these are just amuse-bouches to whet our appetites as we await the big decisions at the Conservative Party conference, but they give an indication of what we can expect over the next three and a bit years as the Tories head towards glorious re-election. What we can expect is a mess. On the one hand: mess we inherited, tough decisions, privatise everything, sack everyone. On the other: weekly bin collections, driving a bit faster, possibly having to pay 5p for plastic bags.

A Government that wanted to make really tough decisions and leave a real legacy - as opposed to sacking loads of public sector workers they were going to sack anyway, but having the bonus of blaming the previous Government for the deficit in order to do so - would decrease the speed limit, and get even tougher on recycling targets for councils, in order to reduce emissions and stop waste. But we all know why that won't happen. It won't happen because the Coalition doesn't have any courage. All it has is an agenda to obliterate the state, while chucking a bone to its selfish heartland to ensure it gets served up a second term in office. The question is whether they're going to get away with it.

Patrolling the murkier waters of the mainstream media
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BHS is Theresa May’s big chance to reform capitalism – she’d better take it

Almost everyone is disgusted by the tale of BHS. 

Back in 2013, Theresa May gave a speech that might yet prove significant. In it, she declared: “Believing in free markets doesn’t mean we believe that anything goes.”

Capitalism wasn’t perfect, she continued: 

“Where it’s manifestly failing, where it’s losing public support, where it’s not helping to provide opportunity for all, we have to reform it.”

Three years on and just days into her premiership, May has the chance to be a reformist, thanks to one hell of an example of failing capitalism – BHS. 

The report from the Work and Pensions select committee was damning. Philip Green, the business tycoon, bought BHS and took more out than he put in. In a difficult environment, and without new investment, it began to bleed money. Green’s prize became a liability, and by 2014 he was desperate to get rid of it. He found a willing buyer, Paul Sutton, but the buyer had previously been convicted of fraud. So he sold it to Sutton’s former driver instead, for a quid. Yes, you read that right. He sold it to a crook’s driver for a quid.

This might all sound like a ludicrous but entertaining deal, if it wasn’t for the thousands of hapless BHS workers involved. One year later, the business collapsed, along with their job prospects. Not only that, but Green’s lack of attention to the pension fund meant their dreams of a comfortable retirement were now in jeopardy. 

The report called BHS “the unacceptable face of capitalism”. It concluded: 

"The truth is that a large proportion of those who have got rich or richer off the back of BHS are to blame. Sir Philip Green, Dominic Chappell and their respective directors, advisers and hangers-on are all culpable. 

“The tragedy is that those who have lost out are the ordinary employees and pensioners.”

May appears to agree. Her spokeswoman told journalists the PM would “look carefully” at policies to tackle “corporate irresponsibility”. 

She should take the opportunity.

Attempts to reshape capitalism are almost always blunted in practice. Corporations can make threats of their own. Think of Google’s sweetheart tax deals, banks’ excessive pay. Each time politicians tried to clamp down, there were threats of moving overseas. If the economy weakens in response to Brexit, the power to call the shots should tip more towards these companies. 

But this time, there will be few defenders of the BHS approach.

Firstly, the report's revelations about corporate governance damage many well-known brands, which are tarnished by association. Financial services firms will be just as keen as the public to avoid another BHS. Simon Walker, director general of the Institute of Directors, said that the circumstances of the collapse of BHS were “a blight on the reputation of British business”.

Secondly, the pensions issue will not go away. Neglected by Green until it was too late, the £571m hole in the BHS pension finances is extreme. But Tom McPhail from pensions firm Hargreaves Lansdown has warned there are thousands of other defined benefit schemes struggling with deficits. In the light of BHS, May has an opportunity to take an otherwise dusty issue – protections for workplace pensions - and place it top of the agenda. 

Thirdly, the BHS scandal is wreathed in the kind of opaque company structures loathed by voters on the left and right alike. The report found the Green family used private, offshore companies to direct the flow of money away from BHS, which made it in turn hard to investigate. The report stated: “These arrangements were designed to reduce tax bills. They have also had the effect of reducing levels of corporate transparency.”

BHS may have failed as a company, but its demise has succeeded in uniting the left and right. Trade unionists want more protection for workers; City boys are worried about their reputation; patriots mourn the death of a proud British company. May has a mandate to clean up capitalism - she should seize it.