You know I think the No campaign made a very convincing argument about the simplicity of our current system and, frankly, the Yes campaign were never able to get going a compelling argument about why you'd want to change.

BBC: Transcript of George Osborne interview

The most compelling argument for the current system of design and approval, however, is the excellent safety record of the scheduled airlines as well as Business Aviation.

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The source of the current argument is the tax-cut plan itself, and the somewhat bizarre way in which it was implemented.

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Mr Baume said the government's love of launching initiatives - and the current economic crisis - meant that there was an argument for more civil servants rather than less.

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This argument is generally applied to the prices of goods and services for current consumption by households or businesses.

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The argument rests on anecdote, on the current failure, and on common sense, which says that a producer-driven system insulated from parents and children will fail.

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But if you have analyzed a dozen or a couple dozen bull markets, I am much less inclined to think you have a valid argument, and that our current gold run could easily fall below the low end of the range.

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"Their argument would be: Let's just live with the current mandate and see how that goes before we start adding to it, " he says, adding that Big Oil doesn't want to sound too anti-ethanol.

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This may prove the biggest single-market argument since the current commission, headed by Romano Prodi, took office eight months ago, and Mr Bolkestein succeeded Mario Monti, an Italian, who moved across to handle competition policy.

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