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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


Inflation falls again

15 April 2014 10:06
Bank Of England Cut Interest Rates To All Time Low

Wages in the private sector are now rising faster than inflation. The latest CPI inflation figures show that it now down to 1.6 per cent, comfortably below the Bank of… Continue reading


Ukraine increases mistrust and misinformation between Russia and the West

14 April 2014 8:48
World Leaders Meet For G8 Summit AT Lough Erne

The tense situation in Ukraine has escalated overnight. A deadline has passed for pro-Russian agitators to vacate government buildings in eastern Ukraine or face military action. There is no indication… Continue reading


Sajid Javid’s first task is to recognise that the price of a cultural asset lies in its value as art

12 April 2014 10:30

The suggestion, made by the poet Michael Rosen and others, that Sajid Javid is not sufficiently cultured to be Culture Secretary is as ludicrous as it is pompous. The secretary… Continue reading


Osborne banks the recovery – and whacks his critics

11 April 2014 8:49
Image: Getty

A few months ago, colleagues of George Osborne were worried the Chancellor risked ‘banking the recovery’ too early. If they’re still worried about that, then Osborne certainly isn’t. Today he’s… Continue reading


George Osborne’s ‘fight for full employment’ speech – full text

31 March 2014 12:28
Image: Getty

In a speech given at Tilbury Port in Essex, Chancellor George Osborne hailed cuts to business and personal taxes this week as the ‘biggest in two decades’ – and committed… Continue reading


George Osborne readies his tax dividing line

16 March 2014 11:08
The Chancellor George Osborne Prepares To Give His Budget To Parliament

George Osborne was on Andrew Marr this morning announcing support for a new garden city at Ebbsfleet in Kent and the extension of Help to Buy on new build homes… Continue reading


Does Alex Salmond want to swap rule from London for rule by OPEC?

4 March 2014 17:30
Image: Getty

Another day, another hole blown in Alex Salmond’s case for breaking up Britain. The IFS has today published its estimates (based on the OBR’s) for Scottish oil and gas revenues,… Continue reading


David Cameron’s moral mission on public spending

4 March 2014 8:57
David Cameron

David Cameron’s speech on the economy today is designed to hit Labour on its weak spot again: reminding voters that while this government is trying (with varying levels of success)… Continue reading


Net migration is up, but net migration is a meaningless term

27 February 2014 15:34
Image: Getty

The latest figures showing a big increase in net migration are a blow to the Conservatives, although it obviously reflects on the relative strength of the British economy; at least… Continue reading


Today’s borrowing figures are bad for the Tories, but they’re not good for Labour either

21 February 2014 17:59
Chancellor of the Exchequer George Osborne Visit Lloyds TSB Bank

Today’s borrowing figures are, on the surface, not good for the Tories. The surplus on the public finances in January 2014 was lower than for the same month in 2013,… Continue reading


An EU referendum isn’t ‘bad for the economy’ – businesses want it to happen

18 February 2014 10:30
Governor of the Bank of England Mark Carney. Image: Getty

Mark Carney has been a very successful Governor of the Bank of England. Since coming to office in June last year, the British economy has gone from strength to strength.… Continue reading


Why Osborne’s recovery might not be based on debt

31 January 2014 16:01
Image: Getty

Is George Osborne’s recovery a credit-driven illusion? Many of his critics says so, and ask – as this magazine did two weeks ago – why we still have emergency interest… Continue reading


Today’s GDP figures are useful ammunition for the Conservatives

28 January 2014 11:16
Image: Getty

That the UK economy grew by 0.7 per cent in the final three months of 2013, leading to the fastest growth annually since the financial crisis, is obviously very good… Continue reading


The Tories’ economic tightrope

24 January 2014 8:50

When things were going pretty badly for the Conservatives, ministers reassured one another that soon they’d be able to start hitting back at Labour with statistics. They’re doing that now… Continue reading


Ed Miliband’s ‘One Nation Economy’ speech: full text and audio

17 January 2014 11:59
Image: Getty

listen to ‘Ed Miliband's ‘One Nation Economy’ banking reform speech’ on Audioboo Today I want to tell you what the next election is about for Labour. It is about those… Continue reading


Ed Miliband’s problems are mounting

15 January 2014 13:40
Image: Getty

Today’s PMQs has left Ed Miliband with a strategic headache. Miliband’s new less-Punch and Judy approach to PMQs isn’t working. In large part, this is because Cameron — who thinks… Continue reading


Labour’s poll woes as economy grows

14 January 2014 22:09
Labour's poll ratings fall as the economy continues to improve. Photo: Getty Images.

Is the improving economy harming Labour’s standing? According to a new Guardian/ICM survey out today, Labour is still ahead of the Conservatives by three points — but the gap is… Continue reading


George Osborne’s New Year speech on the economy

6 January 2014 11:59
Screen Shot 2014-01-06 at 11.53.26

Earlier today the Chancellor gave a speech on the economy where he set up a choice for politicians: cut back on welfare, or hurt ‘hard working families’ with tax rises… Continue reading


The Tories have to fight on their ground, not Labour’s

8 December 2013 13:46
Image: Getty

At the beginning of the autumn, strategists from all three parties assumed that the theme of the season would be Labour’s poll lead narrowing as the economic recovery picked up… Continue reading


Osborne wants to talk about ‘the responsible recovery’ but energy bills are still Topic A

1 December 2013 10:38

In the minds of government strategists, the autumn statement is the moment when the coalition gets to turn the conversation back to the broader economy and away from Ed Miliband’s… Continue reading


Will George Osborne play Santa next week?

28 November 2013 21:34

When George Osborne stands up next week to deliver the autumn statement, he’ll have some good news to deliver. Not only is autumn, the dreariest of the British seasons over,… Continue reading


What Lynton Crosby told David Cameron’s political Cabinet

24 November 2013 15:44
Lynton Crosby

The next time you see a Tory minister on television, count how long it is until they say that David Cameron is a leader with a long term plan for… Continue reading


Venezuela: a shining example of how not to help the poor

23 November 2013 13:00
The tragedy is that Hugo Chavez is no longer around to reap what he sowed. (YURI CORTEZ/AFP/Getty Images)

No serious person today views the Cuban Revolution as anything other than an impoverished tyranny – up to and including the leaders of that Revolution, who have been hastily turning… Continue reading


What the Ed Balls is a ‘nightmare’ emails tell us

17 November 2013 14:02
Ed Balls and Ed Miliband look set to vote against the Welfare Uprating Bill. Picture: Getty

It has long been suspected that there are tensions between Ed Miliband and Ed Balls. The pair fell out badly over the third runway at Heathrow in government and when… Continue reading