The fate of the high street, and support for local communities, has just come into even sharper focus following the local election results and their consequences – of which more later. Everyone thinks the high street is important, right? Voters constantly complain that the high street is full of vape shops. Shop owners say the […]
Whether through pig ignorance or wilful blindness, politicians of all stripes have presided over the slow decay of Britain’s economy for at least the past two decades. Under the Conservatives, taxation and public spending increased while growth and productivity slumped. It was largely this legacy that saw them ejected from office in 2024 when, after […]
For thousands of years, governments have been tempted to respond to inflationary pressures by imposing caps on prices. Diocletian’s AD 301 Edict on Maximum Prices is a famous early example, but there were repeats throughout the ages. By the 1970s, prices and incomes policies were being used by many governments to try to counter inflation. […]
Below is a transcript of a speech delivered by the Shadow Chancellor Sir Mel Stride at an event hosted by the Centre for Policy Studies on May 19, 2026. . Today, our country is paying more to borrow than any other major western economy. The yield on 10-year gilts is now sitting consistently above 5%. Meanwhile, average yields […]
When I went to Manchester last year, there was one place I particularly wanted to visit: the Free Trade Hall. The building was constructed in the middle of the 19th century to commemorate the repeal of the Corn Laws. Manchester was then the heart of manufacturing, the Industrial Revolution and, most importantly, the struggle against […]
You’ve done it. After 15 years of staring at a screen and someone else’s quarterly KPIs, you have finally resigned. The dream is close. Your own coffee shop. Your other half is on board, if a little nervous. The bank, after a polite interrogation, has approved the business loan. You scout a unit on a […]
The bond market has finally lost patience with Labour. The 10-year gilt yield this week is back above 5% – around 5.09% as I write – its highest since the 2008 financial crisis. The 30-year gilt has touched 5.81%, its highest since 1998. Labour’s credibility is being repriced in real time. And the omens are […]
This was not the King’s Speech Keir Starmer imagined it would be. The crisis engulfing the Prime Minister has become so terminal that Buckingham Palace even questioned whether it would be appropriate for the King to speak at all. But Starmer hasn’t maneuvered himself to the top job for nothing, and he patently won’t go […]
If we were to bring UK income taxes closer into line with those in Europe’s major economies, it would cost the average taxpayer £1,015 per year. One argument often stated nowadays is that Britain should move towards European-style taxation. But given this cost to the taxpayer, it is certainly not a policy I would advocate. […]
We are living through a Tocquevillian moment: ‘The evils which are endured with patience so long as they seem inevitable become intolerable as soon as a hope can be entertained of escaping from them.’ The two-party system appears to be collapsing. The rightward turn seen in the United States may well be repeated in the […]
The longer he is in office, the more I realise what an odd and atypical politician Keir Starmer is. With his tenancy of 10 Downing Street under genuine threat after last week’s disastrous local and devolved election results, the Prime Minister is pursuing his own internal form of the madman theory: respond to criticism in […]
Britain is in a funk. Economic sclerosis, populist agitation, social fragmentation – now with extra domestic terrorism – and a political class bewildered by it all. What to do? Enter historian A.G. Hopkins. In his book, ‘The Land Where Nothing Works: How Britain Lost the Plot’, Hopkins’ sweeping analysis explores the last two centuries of […]
The BBC has reported claims that the capital’s housing crisis cannot be solved simply by building more homes. The argument runs that demand has outstripped anything supply could plausibly match anytime soon, so in the short run, the real issue is not just building more, but who owns existing homes. The argument is more sophisticated […]
On Monday, it seemed that Rachel Reeves had crossed the Rubicon into complete economic ineptitude. It was reported that the Government was considering a one-year rent freeze for private tenants to soften the financial blow of the Iran war. Under the plans, landlords would be prohibited from raising rents for a limited period of time, […]
One of my favorite Soviet-era jokes is the story of a farmer and a Soviet official. The official asks the farmer: if you had two farms, would you give one to the state? ‘Of course,’ the farmer replies. If you had two tractors, would you give one to the state? ‘Yes,’ he says again. ‘And […]
Economic comparisons have been made in recent months with the 1970s, with fears of an energy crisis and talk of stagflation. But it’s worth focusing instead on the Thatcher revolution of the 1980s and the sea-change that then gripped the economy, with enterprise, home ownership, risk-taking and a can-do attitude to the fore. While many […]
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