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Innovation

Britain’s banks should not be crypto’s gatekeepers

Britain says it wants to be a global hub for digital assets. Yet many people who want to use a lawful, FCA-registered crypto service cannot reliably move their own money to one. This is a test of whether the UK believes in individuals’ freedom to control their own money.  A growing number of banks now […]

Nimbyism is now a national security threat
Defence

Nimbyism is now a national security threat

Britain and America have spent a decade arguing about Nimbyism as if it were a housing problem. It is much bigger than that: our inability to build, in a broad sense, has grown into a source of geopolitical weakness.  The economic argument has been made already. Growth controls add anywhere from 17% to 38% to […]

Red tape is a tax on time
Regulation

Red tape is a tax on time

People argue endlessly about Britain’s tax burden – now the highest since the Second World War – but almost nothing is said about the time businesses lose to compliance. No Chancellor stands at the despatch box and tells firms they are about to spend another few billion pounds’ worth of working time satisfying new rules. […]

Don't force electric cars on drivers – cut taxes instead
Energy & Environment

Don’t force electric cars on drivers – cut taxes instead

What do Richard Tice, Kevin Hollinrake and Peter Kyle all have in common?  I wish I had a wittier answer to what sounds the set-up to a poor joke, but unfortunately I only have one answer – they all own an electric vehicle (EV).  If three men, who have wildly diverging political views, lifestyles and […]

Biodiversity rules are strangling small house builders
Housing

Biodiversity rules are strangling small housebuilders

As an architect and developer, every day I must wade through the swamp of planning rules, building regulations, financial restrictions and NIMBYism peppering the landscape of the construction sector. One set of rules in particular though, and one sub-set of those rules, grinds my goat so intensely for its sheer wanton stupidity and backward-thinkingness, that […]

Regulation

Britain's pharma policy
Regulation

Britain’s pharma policy is a gift to Ireland

Here’s a fun fact for you: Ireland, a country of just over 5 million people, is one of the top five largest exporters of pharmaceuticals on the planet. Ireland’s exports are estimated around 100 billion euros, with 19 of the top 20 pharmaceutical companies having a significant footprint employing roughly 50,000 people. This has translated […]

Your new home comes with a hidden tax bill
Housing

Your new home comes with a hidden tax bill

When a household pays £450,000 for a new home in England, a striking share of that price is not paying for bricks, mortar or even land. It is paying for planning obligations, biodiversity rules, regulatory overhead and delay-driven finance costs – none of which is itemised for the family that ultimately bears the cost. Stamp […]

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 […]

The second staircase rule is pricing out a generation
Regulation

The second staircase rule is pricing out a generation

I’m 23. Like many of my friends, I endured the British education system all the way to university: GCSEs, A levels and then an undergraduate degree. Now, with little opportunity to progress in the small town we grew up in, those same friends are now looking to move to a city for work.  For some, […]

Britain's next chancellor needs a chainsaw
Growth

Britain’s next chancellor needs a chainsaw

Britain’s spending and tax choices now fall to John Healey. My expectation? Higher spending, higher taxes and meaningless tweaks to welfare reform. Tuesday’s decision to cut VAT from domestic electricity bills could save the average household around £45 a year. Fine as far as it goes. But it will do nothing to boost productivity, stimulate […]

Britain's batty rules on who gets to live
Regulation

Britain’s batty rules on who gets to live

Almost lost between this week’s national mourning (in England anyway) over the World Cup, and the endless Westminster fantasy-football speculation about who’s going to be in or out of Andy Burnham’s first cabinet, was an oh-so-British announcement about Dartmoor ponies. The endangered breed had been put in further peril by Natural England’s plans to protect […]

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 […]

The regulator shouldn’t rig your YouTube feed
Regulation

The regulator shouldn’t rig your YouTube feed

The way we as consumers engage with news, TV and online media is continually evolving. Traditional TV has been increasingly usurped by streaming services. Apps like YouTube are taking up a greater share of viewers’ time and are now successfully competing with the likes of Netflix. It is natural that in this environment competition is […]

Sadiq Khan is right to take on London’s Nimbys
Ideas

Sadiq Khan is right to take on London’s Nimbys

Should Sadiq Khan decline to run for a fourth term as London mayor, his contribution to public life will largely have been stoking the culture war. From spaffing European symbols over the New Year’s fireworks to funding bemusing anti-misogyny campaigns, the public messaging has been relentless, if little else has. And yet there’s another cultural […]

Employment tribunals are strangling British growth
Productivity

Employment tribunals are strangling British growth

Britain has built a tribunal system so sprawling and risk-free that it now consumes the very people who should be running organisations, improving products and services and designing more productive companies. What was meant to be a quick, low-cost alternative to the courts has become a parallel bureaucracy that traps skilled workers in disclosure exercises […]

What Clarkson's Farm reveals about rural Britain
Growth

What Clarkson’s Farm reveals about rural Britain

Viewers of ‘Clarkson’s Farm’ – now back for another season – will be familiar with Jeremy Clarkson’s long-running battle with the bureaucrats of West Oxfordshire District Council.  When his Diddly Squat farm shop boomed, the council dragged their feet over planning permission for a car park extension, bizarrely decreed he could only sell goods from […]

Fake fags are killing Britain's high streets
Policy

Fake fags are killing Britain’s high streets

Every year, I eagerly await a report that confirms what I see before my eyes. KPMG’s ‘Illicit Trade in Tobacco Report’ is a beast of research, conducting in-person ‘pack-surveys’ (where packets of tobacco, whether to be rolled or already neatly packed into paper, are surveyed to find whether they are legally bought or smuggled, counterfeit […]

The £1,000 rule killing Britain's cake sheds
Regulation

The £1,000 rule killing Britain’s cake sheds

In the leafy district of Bassetlaw, council officers want to get tough. Although not in the way you might expect. Last Wednesday night, local politicians weren’t discussing bins, planning or district improvement projects. Instead, they busied themselves going after the humble ‘cake shed’.  In recent months, a baked-goods revolution has swept the nation. Stalls have […]

Policy

What next for Labour – Wes Streeting or Tony Blair?

Admired for his reformist approach to the NHS, Wes Streeting is generally seen as the most market-friendly figure on the British Left. Yet his call for social media companies to be treated like tobacco businesses reminds us that even the best of a bad bunch can still be pretty awful. After resigning as Health Secretary, […]

Energy & Environment

Britain is pricing its factories into oblivion

At its peak, Britain was known as the workshop of the world. Sheffield produced high-quality steel, Manchester still had a strong textiles sector and the West Midlands was world-renowned for its cars. Glasgow, Sunderland and Newcastle were shipbuilding hubs, Stoke-on-Trent produced ceramics.  Cities around Britain provided steady employment for skilled tradespeople, keeping communities together and […]

Energy & Environment

Britain needs builders, not bureaucrats

After nearly two decades of weak growth, stagnant wages and stubbornly high inequality – alongside one of the worst productivity records in the developed world since the financial crisis – Britain’s central problem is how to get the economy growing again. We don’t build enough homes. We don’t generate enough cheap energy. We don’t invest […]

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