Regulation doesn't need to be a millstone

We need a properly managed recovery.

There has finally been something to cheer about in recent weeks. The economy seems to be experiencing some meaningful growth, unemployment appears to be dropping across the country and the property sector is at long last out of the doldrums. All in all, with the winter months fast approaching, it seems that the "green shoots" we’ve heard so much talk about over the past few years are finally beginning to germinate.

As we all know, tied to all the economic woes of recent times is the property sector. Property represents a huge proportion of the UK’s wealth and when the sector starts to suffer, so too does everything else. In the same way that we need a healthy banking sector to support the nation’s businesses, we need a healthy property and construction sector to build our homes, maintain our roads and make sure our assets are correctly valued. In a nutshell, property makes the world go around.

We know that the Coalition Government is reluctant to create new laws or legislation, seeing it as a potential burden on business. It is for this reason that they’ve pushed ahead with the likes of the Red Tape Challenge, since so many large firms have cited "regulation" as a cost holding back their growth plans. In this environment, professional standards and ethics, created by professional institutions, are all the more important.

We need specialists operating to regulated professional standards and guidance to protect against things like projects coming in way over budget or homes not being built properly. Ministers rightly say the state can’t do everything, and nor would we want it to; they turn to the professional institutions and their members to provide guidance and certainty. The standards set by RICS for its members safeguard against these things and are the sort of thing we’re going to need if we’re going to have a lively yet sustainable property sector powering our economy.

Regulation does not need to be a millstone around the neck of the long-awaited recovery. With an effectively regulated, ethical property sector driving the UK forward, it is not green shoots that we’re looking to in twenty years, but a blooming garden.

Photograph: Getty Images

Mark Walley is Regional Managing Director of RICS EMEA.

Screengrab from Telegraph video
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The Telegraph’s bizarre list of 100 reasons to be happy about Brexit

“Old-fashioned light bulbs”, “crooked cucumbers”, and “new vocabulary”.

As the economy teeters on the verge of oblivion, and the Prime Minister grapples with steering the UK around a black hole of political turmoil, the Telegraph is making the best of a bad situation.

The paper has posted a video labelled “100 reasons to embrace Brexit”. Obviously the precise number is “zero”, but that didn’t stop it filling the blanks with some rather bizarre reasons, floating before the viewer to an inevitable Jerusalem soundtrack:

Cheap tennis balls

At last. Tennis balls are no longer reserved for the gilded eurocrat elite.

Keep paper licences

I can’t trust it unless I can get it wet so it disintegrates, or I can throw it in the bin by mistake, or lose it when I’m clearing out my filing cabinet. It’s only authentic that way.

New hangover cures

What?

Stronger vacuums

An end to the miserable years of desperately trying to hoover up dust by inhaling close to the carpet.

Old-fashioned light bulbs

I like my electricals filled with mercury and coated in lead paint, ideally.

No more EU elections

Because the democratic aspect of the European Union was something we never obsessed over in the run-up to the referendum.

End working time directive

At last, I don’t even have to go to the trouble of opting out of over-working! I will automatically be exploited!

Drop green targets

Most people don’t have time to worry about the future of our planet. Some don’t even know where their next tennis ball will come from.

No more wind farms

Renewable energy sources, infrastructure and investment – what a bore.

Blue passports

I like my personal identification how I like my rinse.

UK passport lane

Oh good, an unadulterated queue of British tourists. Just mind the vomit, beer spillage and flakes of sunburnt skin while you wait.

No fridge red tape

Free the fridge!

Pounds and ounces

Units of measurement are definitely top of voters’ priorities. Way above the economy, health service, and even a smidgen higher than equality of tennis ball access.

Straight bananas

Wait, what kind of bananas do Brexiteers want? Didn’t they want to protect bendy ones? Either way, this is as persistent a myth as the slapstick banana skin trope.

Crooked cucumbers

I don’t understand.

Small kiwi fruits

Fair enough. They were getting a bit above their station, weren’t they.

No EU flags in UK

They are a disgusting colour and design. An eyesore everywhere you look…in the uh zero places that fly them here.

Kent champagne

To celebrate Ukip cleaning up the east coast, right?

No olive oil bans

Finally, we can put our reliable, Mediterranean weather and multiple olive groves to proper use.

No clinical trials red tape

What is there to regulate?

No Turkey EU worries

True, we don’t have to worry. Because there is NO WAY AND NEVER WAS.

No kettle restrictions

Free the kettle! All kitchen appliances’ lives matter!

Less EU X-factor

What is this?

Ditto with BGT

I really don’t get this.

New vocabulary

Mainly racist slurs, right?

Keep our UN seat

Until that in/out UN referendum, of course.

No EU human rights laws

Yeah, got a bit fed up with my human rights tbh.

Herbal remedy boost

At last, a chance to be treated with medicine that doesn’t work.

Others will follow [picture of dominos]

Hooray! The economic collapse of countries surrounding us upon whose trade and labour we rely, one by one!

Better English team

Ah, because we can replace them with more qualified players under an Australian-style points-based system, you mean?

High-powered hairdryers

An end to the miserable years of desperately trying to dry my hair by yawning on it.

She would’ve wanted it [picture of Margaret Thatcher]

Well, I’m convinced.

I'm a mole, innit.