Nick De Bois

In the midst of a glorious election night for the Conservatives on 7 May, London stubbornly resisted the swing across the rest of the country and went a darker shade of red. Why is that and why does it matter when overall we have a majority Conservative government for the first time in 18 years? The loss of four London seats (including mine) to Labour may have been offset by the high profile gain of Vince Cable Twickenham, and by us retaining Labour’s number one target of Hendon after a spectacular result from Matthew Offord. But to ignore what is going on elsewhere would simply put future working Conservative majorities at risk.

The ‘windfall tax’, a concept introduced in the UK by the Blair government, is by definition a one-off seizure of revenue from a profitable industry, to fund an invariably unprofitable but popular project. It has been justified as putting ‘right a bad deal’ on the excesses of profits of unpopular industries. Between 1997 and 1998, Gordon Brown raised £5 billion from privatised utility companies to fund the Welfare-to-Work Programme. Today we have face another well-intentioned policy initiative, of ensuring every NHS patient is guaranteed a cancer test within 7 days, supposedly to be funded by a windfall tax on tobacco companies.

In today's Guardian Nick Clegg sets out his reasons why he is stopping the government tabling clauses that would require mandatory sentences on second conviction for possession of a knife. Quite simply: I don't agree with Nick. His argument for doing nothing further is simply that we are doing enough already. True, the latest Crime Survey of England and Wales released by the Office for National Statistics shows knife crime is down by four per cent on last year. But that will be little comfort to the victims of knife crime and their families. Yet again this week we learnt of another fatal stabbing – this time of a 17 year old Londoner. My heart goes out to yet another family for their appalling and tragic loss. The drop in knife crime will be of little comfort to them and others.

This weekend Ed Balls made it clear he wants to tax Britain more.It won't stop at 50%, and it wont be confined to the highest earners over 150,000. In that sense low tax Comservatives have much to thank Ed Balls for as he really has set out clear blue water between Labour and the Conservatives for the next election. Nevertheless, let's not celebrate too quickly. Labour will know, and as Ed Balls all but acknowledged on the Marr show this weekend, that this tax commitment is little to do with economic policy and more to do with their own electoral strategy. A 50% top rate of income tax will raise little extra money if any at all. The HMRC calculates that at best 100 million, at worse it produced a negative effect on tax receipts. So why do it? Simple.

It is perhaps the most striking failure of the EU that nearly 30 years since Margaret Thatcher signed the Single European Act with the vision of a single trading market by 1992, that in 2014 we do not yet have a genuine single market in the services sector. This profound failure has cost the EU billions in economic growth and disproportionately affects the UK, which has a huge service industry base. The EU official website, with a delicious piece of understatement, comments: ‘Despite its achievements so far, the single market is not yet complete. Important gaps remain in some areas. Pieces of legislation are missing. And administrative obstacles and lacking enforcement leave the full potential of the Single Market unexploited.’ The cost of this failure is stark.

Gordon Brown was notorious for complicating our already over-complicated tax system, and it seems that his former aide, Ed Miliband, wants to emulate the master. The danger is that Ed Miliband would do so against the backdrop of a vulnerable economy in a very mobile global market place. His latest idea is to put up corporation tax, arguing that this will “pay” for a freeze in business rates on small firms. In fact, the net burden on business will remain unchanged, so his tinkering would be little help to the small businesses that he allegedly wants to help. There are more devils in Miliband’s detail: the freeze would only apply to those properties with an annual rental value of £50,000 or less.

Ministers are still mulling how they can collect communications data, and while quite rightly the debate about the 'Snooper's Charter' centres on the threat to individual privacy, opponents also forget the threat such legislation would post for the UK's economic recovery. With good reason this Government has prided itself on being the most technologically friendly ever. Be it via the development of Tech City, the Future Fifty, the Enterprise Investment Scheme, reforming intellectual property or even the Entrepreneur Visa – the Government is ensuring that the UK becomes a place where internet-based start ups and established technology companies want to come and do business.

It simply isn’t correct to claim that the Conservative Party is at odds over a possible vote on legislation paving the way for a referendum on Britain’s membership of the European Union. The Prime Minister has adopted a relaxed attitude to both the upcoming amendment to the Queen’s Speech and the Draft EU Referendum Bill – encouraging a free vote for backbenchers and ministerial parliamentary aides. He is entirely right to be relaxed. The Conservative Party in Parliament is united in their belief that the British electorate deserves an In/Out referendum on the EU.