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Building firms can live with the newts - but the pro-Brexit hedge funders can't

It seems building firms are quite happy with business as usual - it's the hedge funders who want a deregulation bonanza. The third in a three piece series on EU environmental regulations and Brexit.

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"What they want is the wild west". Photo by Kasabubu.

The same week as developers were launching yet another political attack on the great crested newt, Sir Oliver Letwin registered a new company, The Red Tape Initiative (RTI), at Companies House. The new think tank would reopen the debate about the great crested newt, housing developments, the European birds and habitats directives and their implementation.

But what was the RTI? The private company was registered by Letwin with Lord (Jonathan) Marland, who made a fortune in the insurance company acquisitions game, and a chap called Nick Tyrone. The firm was registered to a shared workspace in Victoria, London.