There wasn’t much to like about the previous iteration of this Labour Government but airport expansion was one of them. Rachel Reeves committed early on to expanding City airport, opening the baffling spare runway at Gatwick, expanding Luton and Stansted and building a third runway at Heathrow. It was an aviation extravaganza for London aimed […]
Should banks be taxed more? That seems to be one of the routes that the Chancellor will go down in the Budget, according to news reports from Bangkok, where he is attending the annual meetings of the International Monetary Fund and World Bank. Thousands of bankers will be in attendance and he is likely to […]
It’s never easy being young. The hormones, the debt, the uncertainty: the burden hangs heavy. Under Labour, it’s become even harder. In the period April-June this year, there were 981,000 Britons aged 16-24 classed as not in education, employment or training (NEET). This is both morally and fiscally unconscionable. Being a NEET is not fun, […]
The remarkable thing about Britain’s tax burden is that however high it rises, the government always manages to spend more than it can afford, and John Healey’s first Budget looks unlikely to be any different. Businesses are expected to swallow higher taxes, workers are expected to give up more of their earnings and anyone lucky […]
The IMF has just published its biannual World Economic Outlook. The report appeared to be modestly good news for the UK, predicting higher-than-expected economic growth of 1.3% in 2026, up from a 1% forecast in July. But one thing that caught my eye was the way that the IMF reported that the UK would see […]
For the past 10 years, the European Centre for Entrepreneurship and Policy Reform (ECEPR) has been mapping Europe’s knowledge-intensive jobs in a recurring study, with a particular focus on how the geography of knowledge is shifting. The 2026 index shows the UK ahead compared to other large nations in Europe, but also reveals that smaller […]
‘Just when I thought I was out, they pull me back in,’ says Michael Corleone in ‘The Godfather Part III’. A decade after we voted to leave the European Union, much of the establishment is still in denial about the verdict that was delivered. Andy Burnham has been absolutely shameless. Campaigning in the Makerfield by-election, […]
What explains prosperity? That is the most important question in economics. It was this question that led Adam Smith to write ‘The Wealth of Nations’. Before Smith, the physiocrats like Turgot explored it in works like ‘Reflections on the Formation and Distribution of Wealth’. It is this question that makes economics not only interesting, but […]
The Chancellor seems to be weighing up a rise in capital gains tax (CGT) in the Budget later this month, with some suggesting it could be equalised with income tax rates of up to 45% – in line with Wes Streeting’s proposal earlier this year, when he was jockeying for the Labour leadership. For a […]
Britain now pays more to borrow than Greece: at the start of October, 10-year gilts yielded around 5.4% against roughly 4.5% for Greek bonds. Little more than a decade ago, Greece was a basket case – at the centre of the Eurozone debt crisis. Yet markets are now demanding higher yields from Britain, prompting many […]
This week, Nimby Watch is golfing in Sevenoaks, a leafy town firmly within London’s commuter belt. Hang on, we’re golfing now? Since when did either of us play golf? Hey, I’ll have you know I placed third in a golfing competition just last month. I take my time at the tee deeply seriously. That was […]
Has Britain become a nation ashamed of its own history? And what happens when a country loses faith in its past? Historian Robert Tombs joins Marc Sidwell on The Capitalist to challenge the increasingly negative account of British history being taught in schools, universities and museums. In his new book, Our Islands’ Story, co-authored with […]
Andrew Griffith says Britain has already gone over the fiscal cliff. The question now is whether it can pull itself back. In a conversation with Centre for Policy Studies director Liam Halligan, the Shadow Chancellor delivers a clear diagnosis of Britain’s economy: a state consuming 45% of national income, punitive energy costs, rising taxes, excessive […]
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 […]
Watch or listen to CapX’s weekly podcast ‘The Capitalist’ wherever you get your podcasts.
There wasn’t much to like about the previous iteration of this Labour Government but airport expansion was one of them. Rachel Reeves committed early on to expanding City airport, opening the baffling spare runway at Gatwick, expanding Luton and Stansted and building a third runway at Heathrow. It was an aviation extravaganza for London aimed […]
Should banks be taxed more? That seems to be one of the routes that the Chancellor will go down in the Budget, according to news reports from Bangkok, where he is attending the annual meetings of the International Monetary Fund and World Bank. Thousands of bankers will be in attendance and he is likely to […]
It’s never easy being young. The hormones, the debt, the uncertainty: the burden hangs heavy. Under Labour, it’s become even harder. In the period April-June this year, there were 981,000 Britons aged 16-24 classed as not in education, employment or training (NEET). This is both morally and fiscally unconscionable. Being a NEET is not fun, […]
The remarkable thing about Britain’s tax burden is that however high it rises, the government always manages to spend more than it can afford, and John Healey’s first Budget looks unlikely to be any different. Businesses are expected to swallow higher taxes, workers are expected to give up more of their earnings and anyone lucky […]
The IMF has just published its biannual World Economic Outlook. The report appeared to be modestly good news for the UK, predicting higher-than-expected economic growth of 1.3% in 2026, up from a 1% forecast in July. But one thing that caught my eye was the way that the IMF reported that the UK would see […]
For the past 10 years, the European Centre for Entrepreneurship and Policy Reform (ECEPR) has been mapping Europe’s knowledge-intensive jobs in a recurring study, with a particular focus on how the geography of knowledge is shifting. The 2026 index shows the UK ahead compared to other large nations in Europe, but also reveals that smaller […]
What explains prosperity? That is the most important question in economics. It was this question that led Adam Smith to write ‘The Wealth of Nations’. Before Smith, the physiocrats like Turgot explored it in works like ‘Reflections on the Formation and Distribution of Wealth’. It is this question that makes economics not only interesting, but […]
Just as there is a battle on the Right in Britain, so too is there a battle inside the Conservative Party for what the party should focus on. There are those who are concerned about the threat of political Islam, the damage to the social fabric of the Boriswave and other elements of mass immigration, […]
When William Buckley went on the front page of Time magazine, the title was simple: ‘Conservatism Can Be Fun’. That is what Kemi Badenoch has done at this conference. Conservatism can be fun, can be serious and can learn from its old mistakes. But most importantly, what makes it the world’s oldest party is its […]
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 […]
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 […]
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 […]
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 […]
This is a highlight from the event programme of the Centre for Policy Studies (CPS) – CapX’s parent organisation – at this year’s Conservative Party Conference. You can watch all the panels and interviews on the CPS YouTube channel. The £23 billion [in welfare savings] is just the start. The number will be higher by […]
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 […]
‘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 […]
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 […]
