Tory leadership: Tom Tugendhat lays into ‘overregulation’ as he launches campaign
Tory leadership contender Tom Tugendhat launched a broadside against overregulation warning it has “drained the pools of capital” as he set out his bid to lead the party. The former security minister vowed to lead a “Conservative revolution” while setting out his stall in a pitch to MPs and members at the Royal Horseguards Hotel [...]
Tory leadership contender Tom Tugendhat launched a broadside against overregulation warning it has “drained the pools of capital” as he set out his bid to lead the party.
The former security minister vowed to lead a “Conservative revolution” while setting out his stall in a pitch to MPs and members at the Royal Horseguards Hotel on Tuesday.
Introduced by newly elected Scottish Conservative MP Harriet Cross, Tugendhat walked on stage to a backdrop of ‘Tom’ placards and foam fingers, to energetic music.
The Tonbridge MP and former soldier used his speech to argue for a Conservative approach to stimulating growth, suggesting: “Overregulation has made pensioners poorer by reducing savings returns and it’s drained the pools of capital we need to grow global leaders.”
He added: “After all, we did not successfully roll back the frontiers of the state a generation ago, only to see them reimposed by stealth, through regulation.”
Tugendhat pledged to use the opposition period to prepare for action “on day one” of a new government, saying his mission is “the happiness and prosperity of the British people”.
He said: “The last great economic transformation that our country saw was in the 1980s – some of you will remember it well.
