Here’s a fun fact for you: Ireland, a country of just over 5 million people, is one of the top five largest exporters of pharmaceuticals on the planet. Ireland’s exports are estimated around 100 billion euros, with 19 of the top 20 pharmaceutical companies having a significant footprint employing roughly 50,000 people. This has translated […]
Zia Yusuf has announced his proposal for a ‘Deliveroo law’ which would make it a criminal offence for CEOs and company directors to use or employ illegal immigrants, i.e., they’d face jail for non-compliance. And if that were not enough to discourage them, 10% of their global turnover could be seized for repeated breaches. Irrespective […]
When a household pays £450,000 for a new home in England, a striking share of that price is not paying for bricks, mortar or even land. It is paying for planning obligations, biodiversity rules, regulatory overhead and delay-driven finance costs – none of which is itemised for the family that ultimately bears the cost. Stamp […]
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 […]
The Iran war has created the largest supply disruption in the history of the oil market, beating the shocks of the 1970s and the war in Ukraine. Whatever happens with Donald Trump and the Strait of Hormuz, the Middle East oil industry cannot afford to be this exposed again. The Gulf has the money and […]
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 […]
The EU was born to ‘screw’ the US. That’s what Donald Trump told reporters in 2025: ‘That’s the purpose of it, and they’ve done a good job of it. But now I’m president.’ But that wasn’t always the United States’s view of the EU. As historian Andrew Roberts wrote, the American State Department ‘enthusiastically signed […]
There are certain things I expect very few people to care about. For example, if someone found a counterexample to an obscure mathematical conjecture from 1939, I would expect approximately three people in my group of friends (all three maths academics) to even pretend to care. And that is a very niche and self-selected group […]
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 […]
This week, Nimby Watch is in Hendon, a settlement since Roman times and which has had its name – Anglo-Saxon for ‘high hill’ – since at least 1005. Alright. Hendon. Why? Let’s show a bit of enthusiasm for Hendon, shall we? You’re clearly not an aviation history buff – Hendon was the first home of […]
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 […]
