delete ADDITIONAL ASSETS
The Vehicle Inspectorate Trading Fund (Appropriation of Additional Assets) Order 1997 transfers Crown assets to the Vehicle Inspectorate Trading Fund, treating 50% of their value as public dividend capital. It is an administrative mechanism implementing a 1991 trading fund structure for the Vehicle Inspectorate, a government agency providing vehicle inspection services.
This Order perpetuates a government trading fund structure for vehicle inspection services — a state monopoly that crowds out private sector alternatives. Trading funds represent state capitalism that distorts price signals and prevents efficient resource allocation. Vehicle inspection can and should be provided competitively by private sector operators, as demonstrated in many jurisdictions. The public dividend capital mechanism creates an artificial financial structure that would be better replaced by market-based provision. This Order is not primary regulation but an administrative enabler of an inherently statist model that harms consumers through reduced choice and higher costs.