sure that rail fares cannot go up by more than inflation. So the rail fare increase this year, as last year, is linked to inflation, and I think that's right. In previous years it's gone up by more than inflation. But, of course, what you're seeing on our railways is a £38bn investment project. And that money is coming, of course, from taxpayers, from the government, and from farepayers as well." He said Britain was seeing "the biggest investment in our roads since the 1970s, but in our railways since Victorian times". Regulation Despite initial strong opposition, Cameron has since declared his support for the National Minimum Wage Act 1998 introduced by the Labour Party. More generally though, he has strongly supported deregulation of the private sector, promising an immediate deregulation bill upon election. He has also pledged to remove Britain from the European Union's social chapter and to withdraw unilaterally from certain directives stemming from the European Union. He has said that Britain must not be a "soft touch" and has called for a crackdown on "access to justice". In November 2013 at the World Islamic Economic Forum, Cameron said it was important for the UK to promote and boost Islamic finance: "I don't just want London to be a great capital of Islamic finance in the western world, I want London to stand alongside Dubai and Kuala Lumpur as one of the great capitals of Islamic finance anywhere in the world." During his speech Cameron said that the UK would become the first sovereign state outside the Islamic world to issue an Islamic 'sukuk' bond. In June 2014, HM Treasury, under direction of Chancellor George Osborne, issued a £200 million Sakk, which was 11.5 times oversubscribed. Taxation and public spending In 2007, the Conservative Party under Cameron's leadership pledged to meet Labour's spending on public services. However, since 2010, the coalition government led by David Cameron issued a nationwide programme of austerity. Comparing coalition austerity measures with the Opposition's, the Financial Times commentator Martin Wolf commented that the "big shift from Labour ... is the cuts in welfare benefits." The government's austerity programme is a series of sustained reductions in public spending, intended to reduce the government budget deficit and the welfare state in the United Kingdom. However, the health service and education were "ringfenced" and protected from spending cuts, although some (such as Dr Louise Marshall in