Rishi Sunak has rightly been praised for his swift and extensive support for employees. The Chancellor has also delivered roughly parallel measures for the self-employed — albeit with certain omissions. But that can’t be the end of it. Lessons must be learned from the 2008 financial crisis — in particular we must pay attention to […]
British PM promised to end austerity but could never have imagined how much he’d increase public spending.
Whether moderate right Conservative, or moderate left, austerity is dead, and this new age will be with us for a long time to come.
The reason we will get away with it again, as we did in the banking crash, is that there is so much deflation around, inflation is not a problem.
The theoretical aim of policy then should be bridging over what is hopefully a short pause in activity – eliminating near-term distress for households and businesses.
The implications of the crisis are such that Johnson and Sunak need not so much to think outside the box as to trample it to tatters altogether.
Rishi Sunak might have wished he maintained the Today Programme boycott this morning as Martha Kearney asked a line of questions from the right, accusing the Chancellor of being more like Gordon Brown than Margaret Thatcher with his high spending, high borrowing and high taxing. Ooof… Rishi defended the new borrowing and spending splurge on […]
Just don’t mention Brexit.
Sooner rather than later, they will find a growing number of constituents coming to them for help with this latest twist in the housing crisis.
We are in danger of losing sight of the simple truth which has been a favoured phrase of Tory politicians through the ages: borrowing today is simply taxation deferred.
Ruling on Heathrow airport expansion is a setback for the UK’s global trade ambitions.
In the first piece of a mini-series, our guest author also argues the Government should look again at IR35, and make it more worthwhile to work.
My answer would be “maybe, provided the spending or tax cuts significantly improved our growth potential.”
The diet is always going to start tomorrow. But Governments then yield to temptation.
The Transport Secretary insists the Manifesto pledge to lower debt over this Parliament will be honoured.
In this new political battle, the greatest tension will not be left v right or even fiscal
doves v economic hawks. It will be a battle between creativity and convention.
Neither the Conservatives nor the Labour Party have put forward credible manifestos, says the Institute for Fiscal Studies.
Labour is banking on our innumeracy. I don’t say that they are taking us for fools. Plenty of clever and educated people can’t process numbers on that scale.
And, the Chancellor notes in his Bolton speech, that excludes 59 Labour policies “which don’t have enough detail for us to cost fairly”.
The Lib Dems are unlikely to win the election — but they could be kingmakers.
I am arguing that there is some limited space for radical candour with the electorate on the difficult choices facing the country in the 2020s.
Let me give seven examples of principles that most Conservatives would support. I struggle to reconcile them with those pursuing a No Deal Brexit at any cost.
Bowman and Westlake’s policy ideas are perfectly compatible with this end, but pitching them as a city and town agenda risks creating a false impression.
The chancellor announced a £13.8 billion increase in day-to-day spending across government.
Former Government advisers see an opportunity to steer the party towards a “bigger government” vision for the party they’ve always spoiled for.
It is still, of course, far from clear what the outcome of the Brexit negotiations will be. Whatever happens, however, the UK is going to be faced with some very crucial economic problems, regardless of the form that Brexit finally takes. For a start, the proportion of our national income which we invest in our […]