lion

Three steps to Tackle the English Question

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Everyone I know who isn’t a Labour politician thinks English votes for English laws is a start, but just a start in dealing with the question of power in England. Only Conservative MPs think it resolves it. The Tory move is craven opportunism. But it reflects the rage people across this kingdom feel about their…

Whitehall

A new Treasury view

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There has always been a strand in Labour thinking that has had it in for the Treasury. The argument goes that all that is holding a victorious Labour government back from transforming the British economy into a fair, growth-orientated, balanced place is the dead hand of Treasury theology. Rooted in an obsession with fiscal numbers…

© Alex Proimos

Business short-termism and the new inequality

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The British disease of business short termism is entrenched and takes many forms: the UK suffers from low levels of investment in capital and R&D, with companies hoarding cash and buying back shares; there are too many value-destroying acquisitions and restructures, arising from optimism-bias and boardroom hyperactivity; and equities are held for shorter and shorter…