“Aiming for growth” is not just a political phrase, but a vital conservative economic strategy, and this fundamental philosophy cannot be lost in the fray of everyday politics. Over the past few months, tough decisions have been made to stabilize our economic trajectory and reassure the markets, but it is imperative that the Conservatives remember …
There’s a new word doing the rounds to describe the Tories after Jeremy Hunt’s £55billion autumn tax and spending statement and it doesn’t make very comfortable reading. “Consocialists” was a term coined by Reform leader Richard Tice to sum up the once-Thatcherite party’s leftward shift, but after Thursday’s unprecedented tax grab it has now entered …
Stanley Baldwin’s words may be harsh but they seem appropriate. He used to apply them to an irresponsible press, but now they apply to those who determine economic policy without accountability – “Power without accountability – the prerogative of the harlot through the ages”. The Office for Budget Responsibility wields great authority but has let …
It’s madness to place all our trust in the OBR forecast. Read More »
Another stealth raid on pensions, the possibility of a drastic reduction in pension tax relief for taxpayers of 40p, hikes in capital gains and dividend taxes, frozen thresholds, windfall levies even more penalizing: if Jeremy Hunt, the Chancellor, indeed launches such an attack on taxpayers in his autumn statement this month, we will officially be …
There is a widespread belief that the Conservative Party cannot agree on needed economic reforms and that the fiscal backdrop means it is impossible to do anything substantial. We do not agree. We represent a wide range of centre-right views and have among us co-authors of the 2017 and 2019 Conservative manifestos. Some of us …
The past month has been economically traumatic, but a resumption of the status quo ante, while welcome to many, raises deep questions about how we got here, where we are going next, how to get there and the nature of our economy. . While the so-called mini-budget was adding fuel to the fire, in reality …
We have to recognize that many feel the economy is not working for them Read More »
Liz Truss has made many turnovers – on regional compensation commissions; corporate tax does not increase; lower income tax from 2023; the higher rate being abolished. But by far her biggest was heralded as soon as she became prime minister. After standing on a platform of “no handouts” in response to the energy crisis, relying …
It was the energy bailout that blew up Trussonomics Read More »
President Biden boasts that the US economy is “strong as hell”. With U.S. inflation at a 40-year high, Wall Street collapsing, and the U.S. on course for a deep recession, hell is the apt description of the direction the global superpower is heading under. Biden’s presidency. No wonder a new poll released by FoxNews shows …
Joe Biden helped cause this global downturn. He’s not able to lecture Truss Read More »
Readers of my generation will remember children’s programs Trompton and Camberwick Green, a sweet vision of life in an English village represented with puppets. There is almost no traffic, electricity comes from a windmill, no one ever leaves the village, and the scenarios involve disasters such as a water shortage or a campaign against an …
