One of life’s little pleasures is watching Londoners drive after a spot of light snow. There is a curiously balletic quality to a Range Rover gliding gently across the road to bump into a set of metal railings accompanied by melodious swearing from the driver, not unlike an elephant attempting to take up ice-skating. We […]
A quick look at the news confirms that Britain has been given the world’s worst advent calendar. Pick a date in December, and behind the door there’s an exciting new strike; will it be Royal Mail, teachers, bus drivers, railway staff, nurses, or ambulance workers today? Better hope you aren’t sick or travelling! And with […]
There’s a fun game to be played with the New York Times’ coverage of British crime. It’s very simple, and you can play along at home: how many paragraphs will it take the paper to tell you what the sympathetic victim of the legal system actually did? Take this recent piece on modern slavery. The […]
At times, it seems like the primary barrier to governing Britain is the near impossibility of governing the Conservative Party. After a month-long honeymoon where MPs solemnly spoke of the importance of unity and the need to bring the party together, Rishi Sunak has been forced to pull a vote on planning reforms as his […]
The last time a set of books looked this bad was – well, this week, when we finally got a glimpse into the black hole left by FTX losing several billion down the back of the world’s largest sofa. Britain’s young people can at least reflect that they are probably in better shape than FTX […]
In his quest to ensure that no pound is left circulating outside of the Treasury’s coffers, Jeremy Hunt is attempting to set out some £60bn in tax rises and spending cuts. This is quite a lot of money, even by the standards of the British state. It’s a little over a third of this year’s […]
Between the 2008 recession, the 2012 double-dip and the bleak period where Russell Brand was considered a serious political commentator, the last 14 years haven’t been a great period to live in Britain. To this litany of ills we can now add the Bank of England’s prediction of the longest recession in a century. Sadly […]
Rishi Sunak has passed his first test as Prime Minister; a cabinet has been assembled that manages to bring together the left and right of the party, combine continuity with fresh faces, and at least signal an attempt at reforging unity after months of dispute. He has also managed to defend his choice to reappoint Suella Braverman […]
Liz Truss won the leadership race, in part, by mimicking Margaret Thatcher’s dress sense; she hoped to govern by mimicking her economic reforms. With ideological ally Kwasi Kwarteng installed as Chancellor, it was time for Big Bang 2.0; changes to the City and regulatory system that would unchain the British economy, generating the growth to […]
At this point, it’s safe to say that Liz Truss’ mini-budget was not a political success. Pairing tax cuts with a massive and highly uncertain commitment to subsidising energy demand in the price cap left markets twitchy about increased domestic demand driving up inflation and interest rates, and a lack of detail on the growth-generating […]
Embattled and outflanked, Liz Truss and her band of loyalists are doubling down: their priorities, listed in her closing speech to the Conservative Party conference, are still ‘growth, growth, and growth’. Against this agenda stands the anti-growth coalition: ‘Labour, the Lib Dems and the SNP, the militant unions, the vested interests dressed up as think-tanks’. […]
The mini-budget hasn’t broken the economy, but it might just have broken the Conservative Party. On Sunday, Party Chairman Jake Berry was in bullish mood, promising that MPs who voted against scrapping the 45p tax rate would see the whip withdrawn. On Monday, the policy was abandoned. This isn’t the fastest policy reversal in recent […]
The IMF is less than impressed with Liz Truss and Kwasi Kwarteng’s first mini-budget. In the kind of admonishment you’d normally expect them to make about an emerging economy, they said, ‘the nature of the UK measures will likely increase inequality… [the government might want to] reevaluate the tax measures, especially those that benefit high […]
Friday’s de facto budget has thrown commentators on all sides into a tailspin. On the left, people like Owen Jones – who debated the tax cuts with me on BBC 5 Live – described Kwasi Kwarteng’s Growth Plan as ‘class war’. On the right, Gavin Barwell described the tax cuts as fiscally ‘reckless’. And across […]
With Liz Truss safely ensconced in Number 10 and the government obesity strategy in full retreat, ‘full-fat freeports’ are back on the menu, much to the delight of Conservatives who see them as a swashbuckling statement of intent. Trade wonks, who tend to think Britain isn’t the sort of country set up to benefit from […]
In a week’s time Britain will have a new Prime Minister, and the same problems. Liz Truss or Rishi Sunak will not be able to wave a magic wand and summon new energy supplies into being across Europe. They will be able to decide how much support to offer households, and how much to offer […]
Congratulations Britain; having swept to power in a bloodless coup, I’ve been appointed dictator for life, free to make policy without the constraints of ‘elections’, ‘a free and fair press’, or indeed ‘sanity’. I’m sure you’re all absolutely thrilled. Luckily for you, it turns out my behaviour is almost exactly that of the benevolent social […]
The Conservative leadership race is down to the final two candidates. Liz Truss is running on a platform of undoing Rishi Sunak’s tax increases; Rishi Sunak is, unsurprisingly, in favour of maintaining them. This disagreement is quickly taking centre ground in the debate between the two camps, with Sunak insisting any tax cuts would cause […]
The Scottish National Party’s approach to independence can be roughly summarised as follows: we only have to be lucky once, you have to be lucky every time. Having failed to win the referendum described by Alex Salmond as a ‘once in a generation opportunity’, the SNP’s tactics have shifted to finding any excuse to hold […]
Boris Johnson and the Bank of England are petrified of a wage-price spiral. They are so concerned that they are publicly asking people to turn down pay rises, with the Bank’s Governor asking people to show ‘restraint in pay bargaining’ so that inflation doesn’t ‘get out of control’. The PM has said that ‘when a […]
