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Economics

How Labour killed a coffee shop

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 […]

Politics

Wes Streeting is proof of how shameless politics has become

A confession: I have never read Karl Marx’s ‘The Eighteenth Brumaire of Louis Bonaparte’. I don’t have a noble excuse for not having done so, just bone idleness. Nonetheless, I have Wikipedia, a penchant for clichés and a horror at the evolving Labour leadership race. If the fall of Boris Johnson was a tragedy for […]

Politics

The Union is safe under the SNP

A collective howl of despair could be heard throughout the unionist community of Scotland last Friday at the prospect of five more years of SNP rule following the Holyrood elections. I can’t have been alone in feeling a bit like a prisoner, incarcerated for a crime I don’t remember committing, having looked forward with faint […]

Economics

Britain is in disarray, and the bond markets aren’t happy

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 […]

Economics

The King’s Speech confirms that Starmer is our safest bet

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 […]

zCurated

UK Politics

The Tories can win London – if they’re smart

I was in a field in Kent as the local election results came in. As an unapologetic adherent of the metropolitan elite, it’s not my natural environment. But over the weekend it became increasingly clear that I’m not the only Londoner who’s out of touch with the rest of the country. The capital is now […]

Economics

The last thing Britain needs is European taxation

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. […]

Politics

Keir Starmer is feeling the heat

After a poor set of local election results, the Government has returned to a familiar British political reflex: the ‘reset’. It is a word that sounds decisive, almost therapeutic, signalling that a Prime Minister has learned from their own mistakes and is now freshly aligned with reality. Yet in Westminster, the ‘reset’ is less a […]

Economics

Has the Right given up on economics?

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 […]

Economics

Starmer can barely save his career, let alone the steel industry

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 […]

Economics

No, Margaret Thatcher did not destroy Britain

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 […]

Politics

Welcome to the new political age

I am writing this from Cardiff Bay, in the Pierhead Building, that glorious riot of Flemish Gothic terracotta and Doulton tiles, all scarlet and cream, that once housed the administrative heart of the old Bute Docks. It is a building that knows what confidence looks like. Outside its windows squats the Senedd itself, a monument […]

Politics

Zack Polanski isn’t the answer to Britain’s drug problem

Even though the final local election results won’t be declared for a while yet, it’s clear there are glum faces in our two traditionally-biggest parties, an enormous trademark grin from Nigel Farage at Reform UK, and that Zack Polanski’s Greens are on the march.   The populist parties aren’t gaining because they discovered a magical […]

UK Politics

The old politics is dead. The old parties aren’t

In leisure centres and town halls across the country, the cheers of the victors can be heard alongside the half-hearted claps of the vanquished. Democracy at its most local – and for the people involved, most personal – is being played out in over 130 English councils, including every borough in London. Few beyond the […]

Policy

Britain needs to ignore the Blob and go nuclear

Three C-17 Globemasters. Eight shipping containers. The first nuclear reactor in history to be moved by air. While it feels like the opening of one of those special-forces slop series on Amazon that I count as one of my guiltiest pleasures, this is the very real Operation Windlord. The operation, conducted by the US Air […]

UK Politics

Britain needs more U-turns

Governments rarely earn applause for changing their minds, but sometimes it is well-deserved. In the past few weeks, ministers have killed two policies that would have made Britain poorer, a one-year freeze on private rents and a statutory power to direct where pension funds invest.  The rent freeze, briefed on a Sunday and definitively buried […]

Politics

It’s time to turn London into Madrid

Most capital cities in Europe are led from the Left. London, Paris, Amsterdam, Copenhagen and Rome all have left-wing mayors. Their tenures have seen the imposition of rent controls, restrictions on tourism markets, higher taxes and more subsidies for social housing.  There is, however, one city that stands apart from the rest. The Madrid Community […]

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 […]

Economics

Sorry BBC, but London still has a housing shortage

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 […]

Policy

The real scandal behind the Mandelson saga

Here is an idiotic question for an England football fan this summer. Which would they prefer winning? The World Cup itself? Or the FIFA Fair Play Trophy, awarded to the side with the best disciplinary record during the tournament? The answer: it might be nice if England plays decently, but all of us would hugely […]

Policy

Bad law is driving Britain’s rental crisis – not landlords

In the pantheon of destructive, counterproductive laws of the last few centuries, Labour’s new Renters’ Rights Act, which starts today, must be up there with the worst. Perhaps alongside the Corn Laws of 1815, or the Trade Union Act of 1906 that allowed unchecked industrial unrest and economic decline, or the Town and Country Planning […]

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