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The Spectator's Notes

The Spectator’s Notes | 30 July 2011

Why do those of us who support capitalism use that word? It was designed by our enemies. Capital, of course, is a vital component of an economy, and capitalism could be defined as the separation of the provision of capital from its management — a good idea in principle since it makes it possible to create

Any other business

Any other business | 30 July 2011

Barely a flicker of growth, but Osborne mustfollow his instincts and stick to his guns Cut taxes now, or pile more taxes on to the bankers? Cut spending even faster to compensate for flagging tax revenues, or slow the cuts to ease the dole queues and boost confidence among consumers who still have public-sector jobs?