Last Friday, the most capable AI model in the world went dark. Anthropic had released Fable 5 three days earlier; on June 12, a U.S. executive order cut off access for foreign nationals. With no clean way to wall Americans off from the rest of us inside a global system used by hundreds of millions […]
Some are saying they don’t know what Andy Burnham’s big ideas are. They don’t know what he will try to achieve when he becomes prime minister. On GB News earlier this week, Boris Johnson described Burnham as a ‘mascaraed Mancunian mystery’. It is a peculiar concern. Burnham’s ideology seems to me no harder to identify […]
Keir Starmer is now an empty-vessel Prime Minister, nominally in office but visibly out of power. His fall from grace after Labour’s emphatic win almost two years ago brings an end to stage one of a government in collapse. Starmer has gone from weak leader to lame duck in a matter of days, and Andy […]
When Andy Burnham enters No10 in weeks the pressure to implement new policy will be massive. The advisers who hold his ear will try to act fast, thinking that they have learnt the lesson from Starmer’s processology. Labour MPs have made their desire for ‘big change’ known for months but have failed to articulate it […]
The UK has the lowest business investment of any G7 country. The last time its business investment stood above the G7 median as a proportion of GDP, John Major was Prime Minister. The Labour government’s instinct, both in its manifesto and in practice, reflects the old Keynesian mindset that “The duty of ordering the current […]
As we reflect on the decade since the EU referendum, one question is seemingly on everyone’s lips – was it worth it? I answer this with an unequivocal yes. Brexit has definitely been worth it. When I speak to people, the motivation behind this question often seems to be driven by a feeling that politicians […]
I was going to open this column by listing the soppy reasons I was a Remainer: the EU represented a model of tolerance, compassion and partnership that would contribute to a more peaceful world; Brexit was revolutionary, therefore unconservative; abandoning our closest trade partnership would harm the economy. These are all perfectly good arguments which […]
The Greek poets understood that the cruellest fate is not the one a man brings upon himself, but the one that was waiting for him before he arrived. Oedipus did not choose his fate, indeed he walked into it with the very best of intentions. So too, in his quieter and more lawyerly fashion, did […]
In what could have been a comment on Scotland’s low-scoring, but nevertheless clean sheet-keeping win against Haiti in the World Cup, Adam Smith once remarked: ‘Defence is of much more importance than opulence’. But for too long now, Britain has had too little of either. The lack of capable military force has prompted (at the […]
Britain’s national debt is on course for £3 trillion this year. Servicing it costs £30 billion a year at 1% interest and £150 billion at 5%, near where long-dated gilts have recently been trading. That’s a number so big it almost becomes meaningless. So, let’s try another way: it’s about the yearly gross pay of […]
The World Cup starts today and for the first time in over 30 years it is being held in North America. Not only is this exciting news for football fans, it should also be of interest to free trade enthusiasts, as the last time it was held there the North American Free Trade Agreement (NAFTA) […]
September 2023: what a time that was to be alive. Aerosmith began their final ever tour, Kim Jong-Un arrived in Russia for an audience with Vladimir Putin and Rupert Murdoch stepped down from the boards of Fox and News Corp. It was a good month for news. Yet that month another turning point in world […]
June 4 marked the 37th anniversary of the Tiananmen Square massacre. It has been a long time since the China of reform and opening-up gave way to one of the strangest regimes of our age: a country with the political freedoms of the Soviet Union but economic power approaching that of the United States, capable […]
After the Government’s timid attempt to slow the growth of welfare spending collapsed under pressure from its own backbenchers and disability activists, ministers needed a way out. Their answer was to agree to the Timms Review of Personal Independence Payment (PIP) ‘co-produced’ with disability groups. It never stood a chance. With a steering group overwhelmingly […]
Sweden is often held up as a role model for those wishing to expand the size of government around the world. But rather than being proof that socialism works, the Swedish experience is in fact evidence for the benefits of free markets, limited taxation, strong societal norms and robust financial institutions. Sweden historically pioneered many […]
The scale of the housing crisis is sobering. Britain has the worst housing shortage of any major developed nation. Decades of undersupply have contributed to house prices and rents skyrocketing out of reach. In 1997, the average home cost about 3.5 times the average income. As of 2024, an aspiring buyer must devote nearly eight years’ worth of […]
