It’s been a wild summer already. Britain’s onto its seventh prime minister in a decade, with Andy Burnham wasting no time rearranging the furniture – and, for part of the week, the postcode – of No 10. Outside Westminster, England gave us their best World Cup run in 60 years, though the trophy itself will […]
The Government is consulting on a requirement for the provision of pay details in job advertisements. This is part of a wider consultation being run by the Office for Equality and Opportunity (OEO) on equal pay and pay discrimination. The remorseless expansion of the scope of equality legislation never slows, driven as it is by […]
Britain’s spending and tax choices now fall to John Healey. My expectation? Higher spending, higher taxes and meaningless tweaks to welfare reform. Tuesday’s decision to cut VAT from domestic electricity bills could save the average household around £45 a year. Fine as far as it goes. But it will do nothing to boost productivity, stimulate […]
The media headlines all tell a consistent story about AI and employment: We’re doomed! ‘Robots may shatter the global economic order within a decade,’ says The Telegraph. ‘A World Without Work’ is coming, The Atlantic predicts. ‘The brave new world of robots and lost jobs’ is upon us, The Washington Post says. Most gloomily, Forbes […]
Yesterday morning, John Healey woke up for the first time as our country’s Chancellor. A dream come true perhaps – but the legacy he’s received from his predecessor is more the stuff of nightmares. The first figures out that day were the latest ONS stats on employment. Not a rosy picture. They show 160,000 fewer […]
As Andy Burnham stood outside Downing Street on Monday to launch his new regime, our new Prime Minister did his best to prove to his 349 parliamentary backers that they had made the right decision. Much of his speech was rhetorical filler. ‘I will put the care of people at the heart of everything I […]
John Healey is the eleventh chancellor since the 2008 global financial crisis. Some of his predecessors served only briefly, but the direction of travel has been clear, regardless of who occupied Number 11. Growth has been modest, living standards have stagnated and the public finances have deteriorated. The pandemic made matters worse, but the direction […]
In his first full day as Prime Minister, Andy Burnham has announced that VAT on household energy bills will be removed from October. While no doubt well intentioned, this would be a mistake. First, it is risky for the public finances. VAT on energy bills brings in a significant amount of revenue. The Government has […]
‘I’m personally convinced that our civilisation is approaching its end,’ wrote the British journalist Malcolm Muggeridge in 1980. ‘I think of St Augustine when, in AD 410, the news was brought to him in Carthage that Rome had been sacked by the Barbarians.’ Jim Callaghan was equally gloomy. In 1974, he remarked: ‘When I am […]
London is delivering the fewest number of homes since the Second World War. Over the past two financial years, London has started just 15,040 homes in total. Over the same two years, London’s housing target was 175,984. That means housing starts were only 8.5% of the target, a truly dreadful figure. London’s housing shortage stands […]
Almost lost between this week’s national mourning (in England anyway) over the World Cup, and the endless Westminster fantasy-football speculation about who’s going to be in or out of Andy Burnham’s first cabinet, was an oh-so-British announcement about Dartmoor ponies. The endangered breed had been put in further peril by Natural England’s plans to protect […]
Britain has a new prime minister. But can a new chancellor and a new economic direction reverse years of stagnation? CapX editor Marc Sidwell sits down with Shadow Business Secretary Andrew Griffith to ask whether Andy Burnham’s government is about to double down on a bigger state or finally embrace growth. They discuss expected changes […]
Andy Burnham is days away from becoming prime minister. According to economist Andrew Lilico, he’s inheriting an economy with almost no room left to manoeuvre – and a sense of personal virtue is no substitute for a plan, as the fate of his predecessor shows. In this week’s episode of The Capitalist, Lilico joins Marc […]
Nigel Farage has just resigned his seat to force a by-election in Clacton. The establishment, his allies say, is trying to destroy him. Perhaps – but have they misjudged their target? Gawain Towler, Reform UK’s director of communications from 2019 to 2024 and now a member of the party’s governing board, joined CapX editor Marc […]
Britain is in trouble. Its economy is stagnant, and its politics are in turmoil, with Andy Burnham set to be our seventh prime minister in a decade. Yet former chancellor Jeremy Hunt has a surprisingly upbeat take on Britain’s potential – if its politicians can be bold enough. In this episode of The Capitalist, he […]
Aspiration was once the beating heart of British conservatism – so how did the party lose it, and can it win it back? Mario Creatura, a former special adviser to Theresa May in Downing Street, joins CapX editor Marc Sidwell to trace how the Brexit years and the paternalism of Covid pushed ambition and opportunity […]
Ten years ago, Matthew Elliott ran the campaign that changed Britain forever. As the architect of Vote Leave, he helped deliver a result that few – including many on his own side – genuinely expected to win. A decade on, with the political landscape transformed and some senior Labour figures openly discussing a return to […]
Watch or listen to CapX’s weekly podcast ‘The Capitalist’ wherever you get your podcasts.
The Government is consulting on a requirement for the provision of pay details in job advertisements. This is part of a wider consultation being run by the Office for Equality and Opportunity (OEO) on equal pay and pay discrimination. The remorseless expansion of the scope of equality legislation never slows, driven as it is by […]
Britain’s spending and tax choices now fall to John Healey. My expectation? Higher spending, higher taxes and meaningless tweaks to welfare reform. Tuesday’s decision to cut VAT from domestic electricity bills could save the average household around £45 a year. Fine as far as it goes. But it will do nothing to boost productivity, stimulate […]
The media headlines all tell a consistent story about AI and employment: We’re doomed! ‘Robots may shatter the global economic order within a decade,’ says The Telegraph. ‘A World Without Work’ is coming, The Atlantic predicts. ‘The brave new world of robots and lost jobs’ is upon us, The Washington Post says. Most gloomily, Forbes […]
Yesterday morning, John Healey woke up for the first time as our country’s Chancellor. A dream come true perhaps – but the legacy he’s received from his predecessor is more the stuff of nightmares. The first figures out that day were the latest ONS stats on employment. Not a rosy picture. They show 160,000 fewer […]
John Healey is the eleventh chancellor since the 2008 global financial crisis. Some of his predecessors served only briefly, but the direction of travel has been clear, regardless of who occupied Number 11. Growth has been modest, living standards have stagnated and the public finances have deteriorated. The pandemic made matters worse, but the direction […]
In his first full day as Prime Minister, Andy Burnham has announced that VAT on household energy bills will be removed from October. While no doubt well intentioned, this would be a mistake. First, it is risky for the public finances. VAT on energy bills brings in a significant amount of revenue. The Government has […]
It’s been a wild summer already. Britain’s onto its seventh prime minister in a decade, with Andy Burnham wasting no time rearranging the furniture – and, for part of the week, the postcode – of No 10. Outside Westminster, England gave us their best World Cup run in 60 years, though the trophy itself will […]
As Andy Burnham stood outside Downing Street on Monday to launch his new regime, our new Prime Minister did his best to prove to his 349 parliamentary backers that they had made the right decision. Much of his speech was rhetorical filler. ‘I will put the care of people at the heart of everything I […]
‘I’m personally convinced that our civilisation is approaching its end,’ wrote the British journalist Malcolm Muggeridge in 1980. ‘I think of St Augustine when, in AD 410, the news was brought to him in Carthage that Rome had been sacked by the Barbarians.’ Jim Callaghan was equally gloomy. In 1974, he remarked: ‘When I am […]
Nigel Farage, the Member of Parliament for Clacton and leader of Reform UK, has resigned, triggering a by-election in the constituency. This follows weeks of speculation regarding an undeclared £5 million gift Farage received before he became an MP, as well as other gifts he allegedly should have declared. Farage intends to stand in the […]
Andy Burnham is not a forward-looking man. His musical interests stop at around 1998, his approach to industry is straight out of the 1970s and his favourite football team hasn’t won a trophy for over thirty years. It’s little surprise then that he takes a dim view of the ongoing tech revolution. It was reported […]
Last Friday, the most capable AI model in the world went dark. Anthropic had released Fable 5 three days earlier; on June 12, a U.S. executive order cut off access for foreign nationals. With no clean way to wall Americans off from the rest of us inside a global system used by hundreds of millions […]
In the year we celebrate the 250th anniversary of Adam Smith, we must also celebrate the idea that the wealth of nations and the free, fair exchange of goods and services are intricately connected. This idea is what made Britain one of the wealthiest countries in the world and – with one in three pounds […]
It’s only on the basis of truth that power should be won – or indeed can be worth winning. Margaret Thatcher, 1996 It is a hundred years since Margaret Thatcher was born in Grantham. Fifty years since she took over the Conservative Party. Almost 35 years since she was forced from office. Today’s voters are […]
If you’re under the age of 53, no human being has ever left low Earth orbit in your lifetime. Just nine spaceflights, all under the Apollo Program, took human beings beyond Earth orbit at all. And they all took place in a four-year burst between December 1968 and December 1972. Tonight, NASA attempts to change […]
There is much discussion right now about the dysfunctionality of UK politics. This goes beyond complaints about the policy incoherence or ineffectuality of any particular government, whether that be the current one or its Tory and Coalition predecessors. Rather, there is a growing feeling that the political system itself, the whole process of politics, no […]
Ten years ago, the EU referendum created two new political tribes: Leavers and Remainers. As Sara Hobolt and I show in our new book ‘Tribal Politics: How Brexit divided Britain’, both tribes are very much still with us. Even today, about 60% of people in Britain identify as a Remainer or a Leaver, and people’s […]
‘Isn’t it time we stopped talking about her?’ Fifty years since Margaret Thatcher became leader of the Conservative Party, her face, and even some of her iconic outfits, were all over this year’s party conference. Not everyone was happy about that. Hot takes and tweets grumbled about it being time to move on, to pack […]
