The climate crisis stems from our failure to reflect environmental costs in market prices, leading society to overproduce activities that harm the planet. Recognising that the environmental crisis stems from the absence of markets in environmental costs – not from markets themselves – is crucial to building a sustainable economy. The solution is not in […]
It’s easy to blame the failure of Britain’s economic growth on the usual suspects – bad politicians, global crises, geopolitical shifts– but the world hasn’t stopped moving. It’s us. The machinery of British progress has ground to a halt. For decades, both the political Right and Left have failed to meet the moment. The Right, […]
Saturday 22 March started like any normal weekend. Awake earlier than I’d hoped. Debating with my toddler why toast was better than crisps for breakfast. A quick gym session. An even quicker dip in the cold plunge pool. But that’s where the normality ended. By 14:30, I had arrived at King’s House in London to […]
For too long it has been too hard to build in Britain. We’ve got the fewest homes per capita of any large Western European country, HS2 is the most expensive railway in the world and Hinkley Point C will be the most expensive nuclear power plant ever constructed. We’re starting to see the consequences of […]
This is the second in a series of essays from the Rt Hon Kit Malthouse MP on how to fix the British economy. You can read the other instalments in the series here: 1. Growth is the child of capital 3. The friendly giants: breaking free from our new masters 4. The unchecked and the […]
Around a year ago, I became a father. At the first midwifery appointment during my wife’s pregnancy, in one of the fluorescently-lit rooms of our local GP surgery, a midwife told us – very cheerfully – that she wouldn’t see us through to the birth. She was moving, along with ten of her colleagues, to […]
This is the first of a series of essays from the Rt Hon Kit Malthouse MP on how to fix the British economy. You can read the other instalments in the series here: 2. Ownership & nationhood: the fight for economic belonging 3. The friendly giants: breaking free from our new masters 4. The unchecked […]
The most important month for the public finances each year is January, because that is when self-assessment receipts come in. So economists’ eyes were peeled this morning, as the January 2025 data was released, particularly as that starts to give us the real picture about how much trouble Rachel Reeves’ Budget plans are in. The […]
In the latest episode of our weekly podcast, The Capitalist: Has Reform UK’s energy plan exposed the party’s economic failings? And will Kemi Badenoch capitalise on this misstep? Marc Sidwell is joined by Dr Lawrence Newport and Albie Amankona to break down a week of political turbulence. Plus: Emmanuel Macron warns of the ‘electroshock’ of a […]
It’s barely a week since Rachel Reeves made her agenda-setting speech on how the Government intends to ‘kickstart economic growth’. Yet while her commendable rhetoric may have enabled the Chancellor to bask in 24 hours of optimistic headlines about future prosperity, economic reality is biting once again in the cold light of day. Monday saw […]
A third runway for Heathrow; the construction of several reservoirs; a ‘growth corridor’ between Oxford and Cambridge. These are some of the projects that, as of last week, have the public backing of the Chancellor. Is it thin gruel that Rachel Reeves is serving us? It is certainly overdue gruel. Those projects have been in […]
Last week, Boom Supersonic’s XB-1 jet became the first civilian aircraft to break the sound barrier since Concorde when the US company’s demonstrator aircraft achieved supersonic flight over a Californian desert. The aircraft, which accelerated to 10% faster than the speed of sound, is the company’s trailblazer product, leading the way to the development of […]
On Wednesday, the Chancellor of the Exchequer addressed the nation to ‘kickstart growth’. As ever with these big political speeches, she spent much of it pointing to things that this Government has already announced and going ‘ooh, isn’t this brilliant,’ while the remainder had already been leaked heavily to the press. Nonetheless, there were some […]
The Office for National Statistics (ONS) has released its latest national population projections. It estimates that, between mid-2022 and mid-2032, the population will rise by 4.9 million to a high of 72.5m, overtaking France. These projections presume both that a decline in fertility and medical improvements to life expectancy through medicine will continue. The increase […]
Yesterday our Prime Minister wrote in the newspaper of record that he will ‘kick down the barriers to building, clear out the regulatory weeds and allow a new era of British growth to bloom’. The Chancellor of the Exchequer later stood in front of a TV camera and promised ‘to grow the supply-side of our […]
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