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Ed Balls’ speech on balancing the books – full text and audio

22 September 2014 13:27
Image: Getty

Twenty years ago, starting at this Labour conference, we together took the historic step of reforming our party’s constitution. The result is on the back of our membership cards today.… Continue reading

0 Comments

If you want a lesson in how not to run an economy, take the Eurostar

14 August 2014 15:18
Merkel And Hollande Meet At Baltic Coast

For the last five years, politicians of all shades have been banging on about how we should adopt this or that aspect of German economic policy. George Osborne argued in… Continue reading

92 Comments

Up the workers!

14 August 2014 13:08
Money

Mr S was interested to read that Mark Carney has sounded the alarm on low wage growth. In light of yesterday’s announcements, the Times’s business commentator Andrew Clark calls for… Continue reading

16 Comments

Team Boris vs Team Osborne — the first skirmish

6 August 2014 12:58
Hold on to your hats. It's Boris vs George. (Image: MATT DUNHAM/AFP/Getty Images)

Today was set to be a boring day in Westminster. Sajid Javid, a courtier to George Osborne, was billed to give (yet another) speech about how the economy is going… Continue reading

27 Comments

David Cameron’s voteless recovery

1 August 2014 8:33
Prime Minister David Cameron Delivers His Keynote Speech At The Conservative Party Conference

The economy has recovered, and is steadily growing. That much is now clear. It has long been assumed that this will help the Conservative Party’s electoral fortunes. The logic goes… Continue reading

124 Comments

Ed Miliband’s union bosses would change Britain for the worse

31 July 2014 15:40
'Red Ed' is the creature of Len McCluskey. (Image: BEN STANSALL/AFP/Getty Images)

Trade unions have an important role in any decent society, but their stranglehold on the Labour Party is something we must fight against. I will never forget walking the streets… Continue reading

110 Comments

These latest sanctions against Putin might just work

31 July 2014 12:05
RUSSIA-UKRAINE-POLITICS-UNREST-PUTIN

‘Sanctions,’ said Kofi Annan, ‘are a necessary middle ground between war and words.’ Neither the EU nor the US will deploy troops or missiles to defend Ukraine against Russian-backed separatists,… Continue reading

43 Comments

The state should send many more poor children to private schools

29 July 2014 15:08
An Overview Of Eton College

Better capital makes us richer. That’s uncontroversial when it comes to fixed capital like machine tools and computers, but it’s also true of human capital. Better educated workers create more… Continue reading

12 Comments

George Osborne’s taxing dilemma

27 July 2014 11:00
(Photo: Leon Neal/AFP/Getty)

Some of what David Smith, author of the essential Economic Outlook column in the Sunday Times, says today will be salve to George Osborne: ‘…the government intended to spend £722bn… Continue reading

65 Comments

Image is the least of Ed’s worries

25 July 2014 14:51
Labour Leader Ed Miliband Speech At The Science Museum

What were Labour thinking? Against the background of Ukraine and Gaza, the only domestic story likely to cut through is an economic one. The news today is dominated by David… Continue reading

70 Comments

The economy is above its pre-crisis level – but when will voters feel the benefit?

25 July 2014 10:11
The UK's booming services economy is reflected in London's changing skyline. Image: Getty

The economy is now, at last, larger than its pre-recession peak. The coalition parties are keen to claim vindication this morning. Nick Clegg has declared that ‘The rescue has worked’… Continue reading

73 Comments

Ed Miliband stakes all on his ‘big choice’

25 July 2014 8:59
Image: Getty

Labour will launch its summer campaign later today. The centre-piece is Ed Miliband’s speech. He will present a ‘big choice’ to the British public, arguing that they cannot afford 5… Continue reading

132 Comments

Why we’ll mostly be supporting Germany on Sunday

11 July 2014 12:56
Why can't we be more like the Germans? (PATRIK STOLLARZ/AFP/Getty Images)

If you’re walking through any built-up area in England between 8 and 10pm this Sunday and you hear a cheer you can be pretty sure it means one thing –… Continue reading

98 Comments

Britain must realise George Osborne’s vision of a northern powerhouse

24 June 2014 11:31
Leeds Town Hall, scene of the 'Le Grand Depart' for the Tour de France in 2013, a symbol of urban renewal in the North. (Image: Getty)

If you walk around our great northern cities, you’ll see stunning examples of civic pride. Albert Square in Manchester and Leeds Town Hall reflect resurgent local confidence. Old narratives of… Continue reading

18 Comments

George Osborne has won over the IMF to austerity. Now can he win over Eric Pickles to planning reform?

6 June 2014 14:56
Image: Getty

Fresh from celebrating the Tories’ victory in Newark, George Osborne is continuing a very joyful day by celebrating the International Monetary Fund admitting that it got it wrong on austerity.… Continue reading

22 Comments

Tax Freedom Day is a reminder of the choice in 2015: high tax Labour, low tax Conservatives

28 May 2014 14:02
Alistair Darling Poses Before Leaving To Give His First Budget Speech

Tax Freedom Day, which falls today, is cause for celebration. It marks the point in the calendar when someone’s income stops paying for their tax bill and they start keeping… Continue reading

53 Comments

At last, it’s Tax Freedom Day… but just wait until you find out when Cost of Government Day is

28 May 2014 11:47
Image: Getty

Today is Tax Freedom Day. That means that the average person in Britain has to work 148 days of the year solely to pay taxes. Only on Tax Freedom Day… Continue reading

6 Comments

Inflation rises – should the coalition be worried?

20 May 2014 11:23
Image: Getty

Inflation has risen for the first time in ten months, with the consumer prices index growing by 1.8 per cent in the year to April 2014, up from 1.6 per… Continue reading

14 Comments

Should London leave the union?

15 May 2014 16:07
west

We’re four months away from Scotland’s day of destiny, with the London-Scottish media fraternity becoming increasingly alarmed, and ironically (considering their total unionism) far more noticeably Scottish. At the Telegraph… Continue reading

76 Comments

Wales, sleepwalking to independence?

14 May 2014 15:04
(Photo: Getty)

Independence is a fringe issue in Wales. Just 12 per cent of Welsh voters support it, and that figure has been stubbornly consistent. But it is far from implausible that within… Continue reading

59 Comments

The politics of interest rates

14 May 2014 8:36
Image: Getty

The Bank of England’s inflation report will be published later this morning, which will reveal how strong the bank believes the recovery to be. All eyes will be on its… Continue reading

34 Comments

David Cameron is linking Ed Miliband to Labour’s past mistakes

30 April 2014 14:41
Speaker John Bercow. Image: Getty

What a very long PMQs today, presided over by a very bumptious John Bercow. The Speaker let the exchanges run into what he called ‘injury time’, made a rather poisonous… Continue reading

20 Comments

Today’s GDP growth figure could mean a political dividend for the Tories

29 April 2014 10:52
Image: Getty

Today’s GDP figures are another sign that the recovery is strengthening. The 0.8 per cent growth in the first quarter is equivalent to more than 3 per cent annual growth.… Continue reading

58 Comments

UK GDP rises by 0.8 per cent

29 April 2014 10:49
Image: Getty

The first estimate of the UK’s economic growth for the first quarter of this year is out – and despite missing analysts’ expectations of 1 per cent growth, it’s good news… Continue reading

1 Comment

New Labour’s greatest failure

16 April 2014 18:58
These two men blew a golden opportunity to tackle welfare dependency.  (Photo by Steve Eason/Hulton Archive/Getty Images)

My friend and critic Jonathan Portes obviously took exception to my remarks about Keynesianism having been disproven. His entertaining rebuttal claims to have exposed my misreading of data. That’s not… Continue reading

84 Comments