Andy Burnham has made social care his early priority. After three decades and more than 20 reviews, the system remains a lottery that punishes thrift, leaves local authorities overstretched and offers no sustainable answer to rising demand driven by longevity and the growing numbers of working-age adults with complex needs. One in seven people still […]
An index-linked gilt – known as a linker in City speak – is a government IOU whose principal and interest payments rise with the Retail Prices Index (RPI). Inflation erodes the value of an ordinary bond; a linker compensates the holder for it. The post-Covid inflation shock showed why anybody would want one. Inflation, thought […]
During the 1979 general election campaign, Margaret Thatcher famously said: ‘I can’t bear Britain in decline. I just can’t.’ If you’re a seasoned research professional who shares that sentiment, and who wants to fight for a high-growth, low-tax, small-state Britain built on personal and economic freedom, then I have just the job opening for you. […]
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 […]
Britain’s prisons are at breaking point. This month, 85,840 people are currently detained across prisons in England and Wales, with the estate operating at over 96% capacity. In 2023, 66% of prisons were operating above their original design capacity. The situation is desperate. In 2024, with fewer than 100 spare beds across the entire male […]
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 […]
Let me give Andy Burnham his due. For the best part of a decade he was the most persuasive voice in the country for letting go – for the plain truth that a decision taken in Whitehall about a town no official has ever visited tends to be worse than the one the people who […]
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 […]
The Roman historian Livy can claim to have invented an entire genre. Midway through his vast History of Rome, he breaks off from the narrative to ask a question nobody had thought to put in print before: what would have happened had Alexander the Great turned his armies west and marched on Italy? It is […]
Andy Burnham is, apparently, going to solve the old age care problem. I tend to think he won’t but there we are, me and my cynicism. For he’s talking of organising something like the NHS, a National Care Service, which – as with the NHS – is the wrong way to do things. In order […]
On June 23 Britain’s grid came close to collapse. Despite energy minister Michael Shanks calling claims ‘scaremongering’, new whistleblower information shows the grid had indeed been pushed past safe operating limits. A leaked National Energy System Operator (NESO) document said that ‘system constraints were breached and system security was compromised’ – a damning indictment of […]
In his first days as Prime Minister, Andy Burnham announced a series of populist pledges that purport to address the cost of living, but fail to address the deep structural issues afflicting the British economy. Burnham will soon discover – like the four short-lived predecessors who held office before him – that the voters of […]
Last week, Andy Burnham inaugurated ‘No 10 North’, his signature project, by working for the first time from the government’s new Manchester base, a self-styled ‘situation room for growth’. The symbolism was clear: power would no longer be concentrated in Whitehall. But the rhetoric remains stronger than the detail. The detail we have is concerning. […]
When Waitrose suspended mackerel sales over fears of overfishing, it was a warning. Weeks later, M&S followed suit. And as stocks continue to plunge, retail giants like Sainsbury’s and Morrisons sit poised to take similar action. The crisis in our seas has finally hit the supermarket shelves, but in reality, it runs far deeper. Today, […]
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 […]
As Andy Burnham stood outside Downing Street on Monday to launch his new regime, our new Prime Minister did his best to prove to his 349 parliamentary backers that they had made the right decision. Much of his speech was rhetorical filler. ‘I will put the care of people at the heart of everything I […]
John Healey is the eleventh chancellor since the 2008 global financial crisis. Some of his predecessors served only briefly, but the direction of travel has been clear, regardless of who occupied Number 11. Growth has been modest, living standards have stagnated and the public finances have deteriorated. The pandemic made matters worse, but the direction […]
In his first full day as Prime Minister, Andy Burnham has announced that VAT on household energy bills will be removed from October. While no doubt well intentioned, this would be a mistake. First, it is risky for the public finances. VAT on energy bills brings in a significant amount of revenue. The Government has […]
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 […]
Barring some form of constitutional crisis, Andy Burnham will become Prime Minister. We do not even know who his new Chancellor will be, let alone what their policies and priorities are. However, whoever gets the top job at 1 Horse Guards Road, they should make tax reform their top priority if they want to bring […]
Britain is in a growth emergency. But our political class refuses to act like it. Government after government, prime minister after prime minister, it has failed to take the radical action required. Economic growth has been on a downward trajectory for 70 years. We have gone from one of the richest countries in the world […]
Across the UK, millions of people rely on the railways to travel. From 2024 to 2025, there were 1.7 billion passenger rail journeys, of which 1.08 billion were completed within a single region. And yet all too often, local rail has been neglected, with funding prioritised for London and the South East. As a result […]
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