Labour must grasp markets, incentives and the Government’s part in our economic malaise Daily Telegraph 17/05/26 This week promises to be a significant one, both politically and economically. The news and political sections of just about all the media are, of course, dominated by the wranglings over who, if anyone, will succeed Sir Keir Starmer as Prime Minister. But this subject has come to dominate the economics and business pages as markets try to assess the significance of the various candidates for economic and market performance. The truth of the matter is that there is probably not a cigarette paper to be put between them. On what we have heard so far, their different posturings correspond to rearranging the deckchairs on the Titanic. The fundamental reason is that all of the leading candidates for the top job are, unsurprisingly, shot through with Labour’s basic ideology, namely that fairness and the distribution of income are the main issues before us. And state-led acti...
You cannot endlessly tax and borrow your way to prosperity, no matter how worthy the spending sounds daily Telegraph 15/05/26 The King of the North is assembling his troops, preparing to march on Westminster. Andy Burnham has finally found a seat for his long-awaited chicken run, hoping Labour’s National Executive Committee selects him as the candidate for Makerfield after Josh Simons stepped aside in the Wigan constituency. Simons was once touted as a Labour rising star before allegedly attempting to smear journalists investigating questionable accounting at Labour Together, the think tank he used to run. Simons says he is making way for a leader with the “radicalism, energy and immense courage to meet the moment”. Burnham certainly thinks he is the country’s saviour. He claims Labour has already “made changes to make life better” during its first two years in Government. Really? Voters appear unconvinced. At last week’s local elections, Reform secured 50 per cent of the vote ...