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Labour's food tariffs are bananas
Foreign Policy

Labour’s food tariffs are bananas

Good news everyone. The Government has conceded the war on free trade. The Chancellor has seen the light and announced a package of tariff removals and extensions with the explicit aim of reducing household costs. That’s the good news. The bad news is that the package announced is pitiful. It should be celebrated that you […]

Politicians should have less say in the economy, not more
Capitalism

Politicians should have less say in the economy, not more

The next assault upon economic logic to arrive in the bookshops is coming from Isabella Weber. The Guardian is already drooling over ‘Anti-Fascist Economics: In Defence of Affordability, Dignity and Democracy’ which means, obviously, that all proper-thinking residents of north London will be doing so as soon as they can. Weber is an economics professor […]

Europe’s welfare state is turning young against old
Welfare

Europe’s welfare state is turning young against old

In 2010, Paul Krugman wrote a New York Times column titled ‘Learning From Europe’. For decades, Europe was the model that American left-leaning economists wanted America to follow: a big welfare state, generous welfare programmes and large-scale redistribution. But it seems something has changed. Krugman has now written about France being on a ‘fiscally unsustainable […]

How Britain became the place to do business
Economics

How Britain became the place to do business

There are many phrases of Adam Smith that are well worth echoing today, and one of the most significant is this: ‘The end of all production is consumption.’ It is not to create jobs. The people who talk of new industries creating many new jobs are putting the cart before the horse. The aim of […]

Badenoch's Tories have rediscovered Adam Smith
Conservatives

Badenoch’s Tories have rediscovered Adam Smith

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, […]

Capitalism

What critics keep getting wrong about capitalism
Economics

What critics keep getting wrong about capitalism

The Stanford Encyclopedia of Philosophy is not a publication most would be familiar with. It is meant as a repository of overviews of big topics in philosophy broadly defined, inclusive of political theory. As such, entries added to it are unlikely to generate strong responses by the experts deeply familiar with each individual entry. Every […]

Young couple looking at financial growth charts in cityscape.
Capitalism

Why Britain needs a new property-owning democracy

In 1920 a Scottish Unionist MP Noel Skelton coined the term ‘property-owning democracy’, arguing that widening the base of property ownership among the working class would stabilise democracy and counter socialism. The term came to the forefront of political discourse when Prime Minister Anthony Eden used it at the Conservative Party conference in 1946. However, […]

Customers entering Tesco Express convenience store in the UK.
Competition

The Great British meal deal should make you proud

I moved from New York to Britain and I keep getting asked when I’m going back. Not by my family, or my friends back home, but by British people. They tell me about flat wages, looming youth unemployment and an air of decline throughout the country. But no one talks about lunch, because everyone here […]

Drought-affected reservoir with bridge and exposed land.
Capitalism

Don’t blame the water companies for hosepipe bans

More than 20 million people across England and Wales are currently under hosepipe bans. This should be no surprise following the driest July on record, with the Met Office provisionally recording just 5.6mm of rain across England, less than half the previous record, set in 1911. But how much of the blame can be laid […]

Man smiling during a political discussion at a conference.
America

The real reason Democratic Socialists are winning

‘A Waiter in Paris’ is the story of a young Englishman who graduated from a good university in London with a humanities degree, trained and educated for a world that no longer exists. ‘All while I applied for other, more “prestigious” jobs. Jobs that didn’t appear to exist anymore.’ That’s how Edward Chisholm puts it […]

How driverless cars can save Britain
Technology

Driverless cars can save Britain

One doesn’t like to be a disappointment to one’s parents. But in (at least) one crucial regard, I’ve let my dad down. He is a steam train enthusiast, and I’ve never shown a blind bit of interest. So it was more with filial duty than pleasure that I took the old man to the Didcot […]

Why Reform's Deliveroo law is bad for business
Labour Market

Why Reform’s Deliveroo law is bad for business

Zia Yusuf has announced his proposal for a ‘Deliveroo law’ which would make it a criminal offence for CEOs and company directors to use or employ illegal immigrants, i.e., they’d face jail for non-compliance. And if that were not enough to discourage them, 10% of their global turnover could be seized for repeated breaches. Irrespective […]

The UK must follow the path to prosperity
UK Politics

The UK must follow the path to prosperity

When I was born in 1998, Britain had reached an optimistic point. It was the era of ‘Cool Britannia’: Tony Blair had won a landslide majority the year before to the tune ‘Things Can Only Get Better’, business was confident in our economy, employment was rising and we had low inflation. Yet by the time […]

New Zealand shows how to solve the equal pay crisis
Regulation

New Zealand shows how to solve the equal pay crisis

Outgoing governments often try to craft a legacy for themselves by introducing policy traps that incoming governments find hard to undo, such as Rishi Sunak’s National Insurance cuts in 2024 or Gordon Brown’s introduction of the 50p top rate of income tax in 2010. Keir Starmer just did something similar by initiating a huge expansion […]

High-speed train and freight train on railway tracks with signals and cityscape in background.
Transport

Labour’s rail plan puts Britain on the wrong track

Trains run on rails. And access to these rails determines what services can be offered. Back in the 19th and early 20th centuries the railways were privately owned. Most companies, however small, initially owned their own permanent way. It soon became apparent that, rather than forcing passengers on long journeys to disembark and join another […]

Andy Burnham is fighting the wrong enemy
Ideas

Andy Burnham is fighting the wrong enemy

‘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 […]

This is the speech Burnham needs to give on day one
Capitalism

This is the speech Burnham needs to give on day one

Below is a speech incoming Prime Minister Andy Burnham could give – one that would unite the country around a shared vision of prosperity. Prosperity for All My fellow citizens, Today, as I stand before you as your Prime Minister, I want to cut through the political noise and give you the unvarnished truth about […]

Economics

Forget Manchesterism – try Adam Smith

In Gordium, the capital of Phrygia, stood an oxcart, its yoke connected to the pole by a knot of cornel bark so intricate that no one could find where it began or ended. An oracle promised that whoever undid it would rule all Asia. For generations, clever men picked at it, theorised, and organised what […]

Capitalism

Let London grow

For a nation of Nimbys, Britain – or at least London – is remarkably fond of its skyscrapers. We love them so much we give them cutesy diminutives like ‘The Gherkin’, ‘The Cheesegrater’ and the ‘Walkie Talkie’. We boast about vistas from which you can see them, marketing properties for their ‘stunning view of The […]

Farage is fighting a bin, but I still have hope
Ideas

Farage is fighting a bin, but I still have hope

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 […]

Economics

James Watt’s return is good for British beer

As the Sex Pistols sounded the last honk of their guitar amps in a San Francisco rock venue in 1978, Johnny Rotten leered over the crowd one final time. “Ever get the feeling you’ve been cheated?” A strange question to ask a group of punks perhaps, if one made more explicable by Rotten’s swift departure […]

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