In the mid-90s, you could save up a deposit for a house in a year; now it takes about a decade. That’s a really meaningful change. That’s a whole stage of your life where 30 years ago you might reasonably have expected to become a homeowner and now that is highly unlikely In a room […]
The UK-EU relationship must be viewed through the lens of the battle for the world’s operating system. There are three operating systems in the world. The first is a competition on the merits system where countries are free to engage in regulatory competition but inter-operate on the basis of mutual recognition and equivalence. This historically […]
Even before he became Prime Minister in July, Andy Burnham had talked about the country in institutional, positively mechanical ways. He promised to ‘give Britain the circuit-breaker it needs’, and said that his Number 10 North, part of the Office for the Prime Minister and Cabinet based – where else? – in Manchester, would be […]
The Manchester City scandal drags on. Tax Policy Associates now argues, based on the Premier League commission’s findings and leaked documents, that the club may have failed to pay some £12 million in income tax and NICs due on the pay of Roberto Mancini, who managed the club from 2009 to 2013. City, which denies […]
Britain is looking for the effects of artificial intelligence in all the obvious places: redundancies, vacancies and unemployment numbers. So far, there is little evidence of dramatic change in overall headcount. The Office for National Statistics reports that most British businesses using AI have not changed the size of their workforce, even as AI adoption […]
Andy Burnham used the Labour Party conference in Liverpool this week to commit the Government to a National Care Service, universal and free at the point of use, while promising to ‘stick to our fiscal rules to get borrowing and debt down’. The service is due in the next Parliament and is supposed to be […]
A year ago I ended the Growth Commission’s annual Growth Budget with the prediction that if the then Chancellor Rachel Reeves continued with her policy of tax and spend, she – or more likely her successor – would be back in a year’s time asking for more. So the Government can’t say that they weren’t […]
Britain is pretty good at spending money on infrastructure. In the most recent OECD data, only China spent more on rail infrastructure as a share of GDP. Yet the problem for Britain is that we’re pretty bad at actually building infrastructure for the money that we do spend. The bulk of the money in the […]
Picture the scene. A new Labour leader delivering his first speech as Prime Minister to the party conference, two years after a general election victory. The fiscal backdrop is poor, financial markets are not convinced by the credibility of UK economic policy and there is a deep divide between what his MPs want and what […]
The King of the North has spoken. In an emotive speech, Andy Burnham yesterday set out his vision for Britain. The Prime Minister pledged to put Britain ‘on a new path’, and cursed Margaret Thatcher and the 1980s for killing ‘working-class aspiration’. What lies down this new path? A route back to the decade that […]
Among the eye-catching announcements from the Labour Party Conference in Liverpool is a proposal to allow councils to seize privately owned homes. Matthew Pennycook, the Housing Minister, tweets: ‘It’s not a silver bullet, but bringing more empty homes back into use can help solve the housing crisis. Today, we’re announcing strengthened powers for councils to […]
Can the Tories’ tough-love welfare plans get more people back into work? Helen Whately, Shadow Work and Pensions Secretary, joins Marc Sidwell to set out the Conservatives’ plans for reforming Britain’s welfare system – including tougher rules for young people and the long-term unemployed. Whately explains the party’s new ‘Get to Work’ plan, which would […]
Was life really better before industrialisation? Strip away the nostalgia and the past begins to look considerably less idyllic: famine, child mortality, casual violence, environmental destruction and entertainments of almost unimaginable cruelty. In The Grim Old Days, author Chelsea Follett challenges our romantic vision of the pre-industrial world. Here, she tells Marc Sidwell how the […]
Is Britain one geopolitical shock away from a financial crisis? Liam Halligan thinks the warning lights are flashing. The economist, journalist and new Director of the Centre for Policy Studies joins Marc Sidwell to argue that Britain’s growing debt burden, stubbornly weak growth and soaring interest bill have left the country dangerously exposed. So what […]
Britain owes £3 trillion. Daniel Hannan says its rivals have noticed. For centuries, Britain’s military strength rested not only on its armed forces but on its ability to mobilise capital, develop technology and outspend its adversaries. Now, Hannan argues, that advantage is slipping away. With government debt mounting and growth faltering, he warns that Britain’s […]
Will the man who paints himself as the antidote to Thatcherism lead us back to the worst of the 1970s? As Britain’s borrowing costs spiked and Andy Burnham faced MPs as Prime Minister, Marc Sidwell spoke to the economist Julian Jessop about Burnham’s plans – and whether they can really get Britain back to growth. […]
Modern life rests on inventions so ordinary that we barely notice them… until they start to fail. This week on The Capitalist, Marc Sidwell speaks to the writer and CapX columnist Jonn Elledge. His new book ‘31 Inventions That Built Our World’, surveys the technologies – from sewers to lifts – that make urban life […]
Watch or listen to CapX’s weekly podcast ‘The Capitalist’ wherever you get your podcasts.
The UK-EU relationship must be viewed through the lens of the battle for the world’s operating system. There are three operating systems in the world. The first is a competition on the merits system where countries are free to engage in regulatory competition but inter-operate on the basis of mutual recognition and equivalence. This historically […]
In the mid-90s, you could save up a deposit for a house in a year; now it takes about a decade. That’s a really meaningful change. That’s a whole stage of your life where 30 years ago you might reasonably have expected to become a homeowner and now that is highly unlikely In a room […]
Even before he became Prime Minister in July, Andy Burnham had talked about the country in institutional, positively mechanical ways. He promised to ‘give Britain the circuit-breaker it needs’, and said that his Number 10 North, part of the Office for the Prime Minister and Cabinet based – where else? – in Manchester, would be […]
The Manchester City scandal drags on. Tax Policy Associates now argues, based on the Premier League commission’s findings and leaked documents, that the club may have failed to pay some £12 million in income tax and NICs due on the pay of Roberto Mancini, who managed the club from 2009 to 2013. City, which denies […]
Britain is looking for the effects of artificial intelligence in all the obvious places: redundancies, vacancies and unemployment numbers. So far, there is little evidence of dramatic change in overall headcount. The Office for National Statistics reports that most British businesses using AI have not changed the size of their workforce, even as AI adoption […]
Andy Burnham used the Labour Party conference in Liverpool this week to commit the Government to a National Care Service, universal and free at the point of use, while promising to ‘stick to our fiscal rules to get borrowing and debt down’. The service is due in the next Parliament and is supposed to be […]
On September 29, 1976, Britain’s Chancellor of the Exchequer, Denis Healey, announced his intention to apply to the International Monetary Fund (IMF) for a $3.9 billion loan, the largest ever requested. Britain, The Economist announced, was ‘bust’. This was a national humiliation, the crux of a decade of economic turmoil. Britain before 1979 was not […]
Why haven’t we grown in the last decade? We are experiencing the longest spell of workers experiencing no average wage growth in real terms for well over a century – ‘the longest in history since consistent wage records exist, dating back to Victorian times,’ as a paper in the Oxford Review of Economic Policy shows. […]
With the introduction of student fees in 1998, one might have expected that universities would gain independence from the state and its agencies. They would live off the fees paid by those who wanted them, free to act in accordance with whatever academic values they chose to embody. But the opposite happened: all the movement […]
In the graphic novel ‘Ministry of Space’, an alternate history is imagined whereby Great Britain nabs the Nazi rocket scientists before the US or USSR. Churchill becomes, in addition to his other (real) accolades and achievements, the father of the British space programme that sees us win the space race. There is a particularly poignant […]
Sam Altman, CEO of OpenAI, and Dario Amodei, CEO of Anthropic, have called for increased regulation of AI to slow down the pace of development. They warn in apocalyptic terms of the dangers their own technology poses. After Jacob Coxon, a researcher, resigned from Anthropic, stating that he could no longer justify working on AI […]
It’s been reported that officials in the Trump administration have given their UK counterparts a dressing-down over the Online Safety Act and the social-media ban for under-16s. As someone who previously worked on digital trade for the UK government, this does not surprise me. Both the Trump and Biden administrations have seen British laws such […]
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 […]
