Dear Andy Burnham, Firstly, I must congratulate you on your new role. I am sorry that I have not written to you sooner and I know that you’ve technically been in post for a while now. In my defence though, you did go away almost immediately after taking office. The reason that I am writing […]
The ‘moron premium’ is back with a vengeance this week, with 10-year gilt yields approaching 5.30%, their highest since 2007, while the 30-year is again threatening 6%. Pantheon Macroeconomics estimates that higher borrowing costs have cut the Chancellor’s fiscal headroom from £23.6 billion to around £13 billion. Meaning almost £11bn has disappeared before the Budget […]
When Andy Burnham arrived at No 10 in July he came with a bold message of change. 40 years of neoliberalism have left Britain hollowed out: wealth has drained from those with the least to those with the most; capital ran riot while the state stood back and watched. It’s a powerful story, and evidently […]
Alan Greenspan was always attacked by the Left because of his belief in market forces. John Kenneth Galbraith, at a White House conference, made fun of him, saying that the cure for inflation is always the same for ‘Bolsheviks and the devoted supporters of Ayn Rand’. But each and every government learns the hard way […]
This week, consultation closed on the Government’s proposals to place further restrictions on the use of zero-hour contracts. Labour’s intention was signalled in last year’s Employment Rights Act, which obliges employers to offer a guaranteed-hours contract based on the average hours worked in a ‘reference period’, to give workers ‘reasonable notice’ of shifts, and to […]
More than 20 million people across England and Wales are currently under hosepipe bans. This should be no surprise following the driest July on record, with the Met Office provisionally recording just 5.6mm of rain across England, less than half the previous record, set in 1911. But how much of the blame can be laid […]
The reforms of Michael Gove represented a profound shift in England’s educational landscape, based upon the belief that outcomes improve when there is freedom with accountability. During his tenure as Education Secretary (2010-14), it became possible for all publicly funded schools to become academies, free schools could be created, and there were substantial reforms to […]
Andy Burnham may have stumbled on the most effective way yet of prolonging Britain’s managed decline: make people feel that something fundamental has changed when much of the machinery underneath has not. His first speech as Prime Minister was full of ‘common purpose and positivity’, getting Britain to ‘start to believe again’ and ‘bringing back […]
At a few minutes past six on Friday morning, in a leisure centre on the Essex coast, the returning officer reached the bottom of a ballot paper roughly a metre long and announced a number that deserves more attention than it is likely to receive. Nigel Farage, 22,239 votes. The commentary had settled into its […]
The problem for bright-eyed and bushy-tailed new prime ministers who take over part-way through a Parliament is they start with a king-sized chip on their shoulders. They walk through Downing Street’s door knowing they aren’t the one who won the election mandate they’re inheriting, and needing to defuse whichever political crisis overwhelmed their predecessor too. […]
This weekend the Telegraph ran a story with the striking headline ‘Burnham told to trade nuclear umbrella for access to single market’. The idea is the brainchild of Nick Boles, the former Conservative MP who quit the party in 2019 over Brexit, switched his allegiance to Labour and helped to advise Keir Starmer on the […]
There is a long-standing maxim in broadcasting: always assume the mic is hot. In other words, if you are within range of a microphone, work on the basis that you are being recorded and exercise the appropriate level of discretion and confidentiality. Over the past 10 or 15 years, it has become clear that this […]
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 […]
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 […]
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