After the passage through the House of Commons of the largest bill in British political history, our legislators seem shell-shocked.
This is only the latest Companies Act to be addressed by Parliament in recent years. We have also had several Criminal Justice Acts too.
The problem is that too many MPs do not see that regulation can be done implicitly through the interpretation of principle and existing Acts of Parliament and are determined to create explicit and micro-detailed Acts of Parliament- "some thing must be done about...".
This is very dangerous and removes much flexibility and, in the case of the new Companies Act may hamper the competitiveness of many British companies, especially small businesses that now have to comply with a mountain of detailed regulation.
Some may see Nick Clegg's call for a Great Repeal Act as a bit gimmicky- I for one welcome it, and I notice that the general reception has been very positive.
Perhaps the tide is turning- I certainly hope so, before blogging gets regulated by some Act...