Tougher borders won’t stop Britain from being overwhelmed by illegal migration
Last weekend, at his meeting with the Italian prime minister Georgia Meloni, Rishi Sunak claimed migrants were threatening to “overwhelm” countries like the UK unless drastic action is taken. Sunak’s Italian counterpart is currently considering a similar scheme to the now highly controversial plan to send refugees to Rwanda. But the PM’s comments sparked a fresh wave […]
We need to get to net zero, but we will fail if we lose public support
Rishi Sunak’s proposals to adjust some of the timetables on the path to net zero have provoked outrage in many quarters. This is despite the fact that the UK has already made more progress than most countries in moving towards net zero. We might usefully compare it to this time last year, when the public […]
Sunak is right. If more Brits could do maths our economy might just start growing again
According to Rishi Sunak, everyone up to the age of 18 should be learning maths. It was an idea widely disparaged when the prime minister laid out his plans for the year ahead. But it is essential at all levels of society. It was during the pandemic that we saw the importance of having a […]
China’s zero-Covid policy must be a cautionary tale for the UK
As we greet the new year with the hope of more serene times ahead, some might do it with a measure of doubt and trepidation for a variety of reasons, one of them being the government’s decision to resurrect Covid-19 restrictions. Admittedly, it is in a very limited form and only affects arrivals from China. For […]
Sunak’s flexibility has been curtailed by our undue reverence for the Bank of England
Rishi Sunak will deliver an updated Autumn Statement next week, after Liz Truss’ so-called “mini-budget” triggered her demise. His freedom for manoeuvre has been sharply contained by the new found reverence being accorded to the Bank of England and the Office for Budget Responsibility. The Bank of England has forecast a long recession, which could […]
Not all is doom and gloom: a recession is not the only possible scenario facing Britain
The prime minister and the Chancellor are struggling to “balance the books”. Around £50bn might be needed from a combination of cuts to spending plans and increases in taxation. This has led to a chorus of voices squealing about austerity creating a major economic recession. The argument goes back to Keynes, writing in the aftermath […]
Our scientists were given responsibility in the pandemic but no public accountability
Last week, Rishi Sunak rehashed old wounds and stirred up more controversy over lockdowns during the height of the pandemic. The former Chancellor now says scientists were given too much power, where policy choices should have rested with those elected policy makers known as our leaders. Unlike most other government policies, there was little cost-benefit […]
Spiralling energy prices are a powerful lesson for our future plans for green power
For most politicians and commentators, green taxes are firmly established as an unequivocally Good Thing. True, Liz Truss has called for green levies to be temporarily halted to help drive down energy bills. But even if the next prime minister does intervene, once world energy prices start to fall substantially, she would be under enormous […]
A windfall tax raised by a money-hungry government will scare off our businesses
Rishi Sunak’s windfall tax on energy firms – what he called a “temporary targeted profits levy” – has gone down well with voters. The tax makes it look like money is raised from someone else and given to them through subsidies to their bills. Despite claims that the tax will yield an additional £5bn in […]
As government debt jumps to fund defence spending, our economy will pay the price
Sanctions will clearly hit the Russian economy very hard. But economic prospects for the West are not exactly rosy. Twice in the 1970s and again in the early 90s, there were rapid spikes in oil prices; each instance was followed by economic recessions. The deep recession following 2008 was, of course, due to financial causes […]
