Latest

The EU would strangle our economy. Why rejoin?
Europe

The EU would strangle our economy. Why rejoin?

Andy Burnham is set to make the same mistake that led to the ruin of Keir Starmer: lack of a domestic agenda, other than pushing the proverbial peas around the plate on energy bills, bus fares and the like, paired – like a bottle of plonk – with ambiguous statements on the big public issues. […]

Under-22s shouldn’t need a state pension
Welfare

Under-22s shouldn’t need a state pension

The problem with being a political golden boy like Labour pensions minister Torsten Bell is that it paints a target on your back, putting you firmly in the crosshairs of rivals and commentators in your own party and the opposition every time you do or say anything at all. Kudos, then, to the man widely […]

How socialist is Reform's Poundland plan?
Reform

How socialist is Reform’s Poundland plan?

I’ll declare an interest. I sit on Reform UK’s Board and I’ve known Nigel Farage for a quarter of a century. So when Kemi Badenoch tells the country that Reform are ‘another left-wing party’, that we and Labour are arguing for ‘the same things, nationalisation, the two-child benefit cap’, that Farage is Jeremy Corbyn wrapped […]

The UK must focus on its real Commonwealth friends
Foreign Policy

The UK must focus on its real Commonwealth friends

The Commonwealth is an anachronism in the 21st century – an imperial hangover that shows no signs of abatement but is instead getting worse. As King Charles addressed his subjects in Antigua and Barbuda ahead of this week’s Commonwealth Heads of Government meeting (CHOGM), our Prime Minister was throwing out statements about possible apologies and […]

Labour's mangled sixth-form-level Marxist class war
UK Politics

Labour’s mangled sixth-form-level Marxist class war

Emma Reynolds, the Chief Secretary to the Treasury, is one of the more sensible Labour MPs. She resigned as a front bencher when Jeremy Corbyn was elected leader and is firmly in the moderate wing of the Labour Party. Which is why her comment yesterday that ‘I don’t think employers are working people’ is all […]

UK Politics

Why Britain's decline is only a choice
Growth

Why Britain’s decline is only a choice

Britain needs new talent and ideas in its politics. The old factions of Westminster have proven themselves incapable or unwilling to take the radical action required to fix the country. They push our best abroad, ignore new ideas (or claim they are ‘not serious’ or ‘sensible’), abandon their principles and kick difficult decisions down the […]

We need to incentive Doctors to work overtime
Health

We need to incentivise doctors to work overtime

John Healey’s debut Budget was a coward’s charter. Despite there being a record 98 measures in the Chancellor’s announcement, all the major decisions have been kicked into the long grass. Despite having resigned as Defence Secretary over funding concerns under Keir Starmer, Healey delayed detailing how the Government would fund raising defence spending to 3.5% […]

Want to know how much everyone else is paid? Mind your own business
Labour Market

Want to know how much others are paid? Mind your own business

Wednesday’s Budget was a depressing fiscal exercise in entrenching stagnation, protection of vested interests, and the discouragement of enterprise (on one count, it left 25% of our small businesses substantially worse off). But if you thought that was all, take a look at some modest proposals for labour law quietly slipped out at much the […]

Labour hand booming benefits bill to workers
Taxation

Labour hand booming benefits bill to workers

Yesterday, the Chancellor had the chance to confront a runaway benefits bill and a tax burden strangling growth. He bottled both, and instead billed the banks and workers. John Healey stood up yesterday afternoon and told the Commons that fiscal discipline was his first commitment. He then announced that Britain will borrow more in every […]

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 […]

Andy Burnham’s devolution drive has a Nimby problem
Nimby Watch

Andy Burnham’s devolution drive has a Nimby problem

This week, Nimby Watch is in Cardiff Bay, at the site of the Welsh Senedd Oooh…Wales. Why are we here? Surely you’re not about to kvetch about the Senedd building. They finished it 20 years ago! I’ll admit it’s not my favourite building from the outside – very generic glass-and-steel – but the inside is […]

Kemi is right to pull parents back from childcare cliff-edges
Taxation

How Kemi Badenoch can make sure work always pays

Making sure it always pays to work is political motherhood and apple pie: something so obvious it’s barely worth saying. Odd, then, that last week when Kemi Badenoch suggested changing childcare rules which leave successful parents facing crazy 100%-plus tax rates if they earn more than £100,000, she faced a barrage of criticism. The critics […]

Economics

Labour need to stop using smoke and mirrors accounting

Imagine borrowing £10,000 from the bank, lending it to a friend, then telling everyone the debt’s gone – because your friend owes you the money. That’s obviously nonsensical – you still owe the same £10,000 to the bank, regardless of what you did with the money. But that’s Labour’s approach to our public finances. Let […]

Stop trashing Britain’s inheritance
History

Stop trashing Britain’s inheritance

As an Anglo-Scot, I had a dog in the fight that was the Scottish independence referendum 12 years ago. I was a visceral opponent of the dismemberment of the United Kingdom, which, I believed, would damage everyone in the British and Irish Isles. As the UK’s ambassador to the UN in 2014 put it, ‘it […]

Britain is heading for blackouts
Energy & Environment

Britain is heading for blackouts

A quick show of hands. How many of you have a working torch in the kitchen drawer, and not just on your phone? Candles, matches or a working pack of AA batteries? What about a week’s worth of tinned food, a camping stove, a full jerry can? A generator? Most readers will have answered no […]

Energy & Environment

Ministers must stop stalling on Rosebank

The Government has finally bowed to common sense and given the green light to the Jackdaw gas field in the North Sea. It’s the sensible move and a good start, although a decision on Rosebank is not yet forthcoming. Given the resistance both projects have faced, it’s worth setting out why Jackdaw’s approval is good […]

Healey’s Budget will be built on sand
Economics

Healey’s Budget will be built on sand

When John Healey sits down next Wednesday, the press gallery will focus hard on his headroom against the fiscal rules. In March the OBR put this at £23.6 billion against the main rule, which requires day-to-day spending to be covered by revenue by 2029/30. A recent Reuters poll of economists suggests it has since shrunk […]

Businesses need a reason to be optimistic as things get tougher
Growth

Small firms have lost faith in Westminster – with good reason

The lifeblood of the economy. The backbone of Britain. When it comes to small businesses, it’s easy to lapse into cliché. But that’s because they really, really matter. The overwhelming majority of businesses in Britain are small businesses. They employ more than 13 million people. And it’s almost impossible to exaggerate how tough things are […]

Will Labour tax family firms into extinction?
Taxation

Will Labour tax family firms into extinction?

Let’s go fly a kite? There has been rather less briefing about proposals to be announced in next week’s Budget than in recent years. The Chancellor of the Exchequer, John Healey, has been far less forthcoming than his predecessors, Rachel Reeves and Jeremy Hunt, whose plans were dribbled out weeks in advance. Some have suggested […]

Britain was an energy superpower. What went wrong?
Energy & Environment

Britain was an energy superpower. What went wrong?

Britain was the cradle of the Industrial Revolution – where cheap, abundant coal fuelled the inventions that built the modern world. Those breakthroughs – railways, modern medicine and electricity – transformed humanity. But we often forget that it was energy, our ability to produce it and (crucially) to store it, that made all of this […]

Labour's tax rises are damaging the economy
Taxation

Labour’s tax rises are damaging the economy

Today the Tax Foundation updates its annual International Tax Competitiveness Index. It’s not great reading for the UK, which comes 30th out of 38 countries. This is one place better than last year but two places worse than 2014, the first year of the Index. The Index aims to measure how well a tax system […]

Listen to the latest episode.

Watch or listen to CapX’s weekly podcast ‘The Capitalist’ wherever you get your podcasts.

FOLLOW US