Government

Young people, their faces pressed against an estate agent’s window, gaze at all the lovely homes they’ll never, ever be able to buy. That’s the image the communities minister Sajid Javid conjured up while unveiling the government’s long-awaited housing white paper week. This snapshot of young housebuyers’ despair was meant to symbolise a broken housing market where, on average, house prices are nearly eight times average salaries. ‘If we don’t act now,’ the communities minister said, ‘a whole generation could be left behind’. So what did the government propose in its white paper for England, initially intended for publication late last year and then in January 2017? More importantly, will this housing finance reform

Back in the 1980s, when I was embarking on a lifetime of sweat, toil and tears in order to bring home the bacon, I lived in a pensions desert. I couldn’t see, feel or feed one (a pension, that is) for miles around. During this decade, against a backdrop of privatisations, a rampant Prime Minister (Margaret Thatcher), Michael Jackson’s Thriller and Madonna’s virgins, I was privileged to work for four employers. A major chartered accountancy practice, a big and little publisher and a now defunct building society. Not one offered me the opportunity to save into a company pension. At the time I wasn’t bothered – life was for living, a

If conspiracy theorists turned their attention to the economy rather than, I don’t know, aliens or Hillary Clinton, surely it would not take long for them to notice the peculiar rise in the tax take from VAT. VAT sounds innocuous enough, perhaps because no one really knows why it is there or what ‘Value Added’ actually means. But it’s not really innocuous. To a government that makes much of its supposed generosity on income tax through, for example, increasing personal allowances, VAT is becoming the back door money spinner du jour. VAT has all the hallmarks of a brilliantly unfair tax. Unlike income tax, it is often invisible or well

The exchange of letters this week between Mark Carney and Philip Hammond made it very clear who the supplicant was. The Governor of the Bank of England informed the Chancellor of the Exchequer that he was prepared to extend his term by one year. Carney pointed out that while the personal circumstances that had made him want to limit his term to five years had not changed, this country’s circumstances had. So he would be here a little longer. Things had seemed very different a few weeks ago, when Theresa May bemoaned the consequences of the Bank’s monetary policy in her party conference speech. ‘A change has got to come,’

We’re continually assured that government policies are grounded in evidence, whether it’s an anti-bullying programme in Finland, an alcohol awareness initiative in Texas or climate change responses around the globe. Science itself, we’re told, is guiding our footsteps. There’s just one problem: science is in deep trouble. Last year, Richard Horton, editor of The Lancet, admitted that “much of the scientific literature, perhaps half, may simply be untrue.” In his words, “science has taken a turn toward darkness.” Medical research, psychology, and economics are all in the grip of a ‘reproducibility crisis.’ A pharmaceutical company attempting to confirm the findings of 53 landmark cancer studies was successful in only six

Oh dear. Less than a month into his tenure as transport secretary, and Chris Grayling already has a crisis on his hands. As commuters on Southern Rail face a week of rail chaos across London and the South East thanks to strikes, there is a growing anger that Grayling is yet to take charge of the situation — despite describing it as his ‘top priority’. As a result, the Brighton Argus have taken the unusual step of devoting a full blank page to Grayling: It doesn’t make for an inspiring read, with the paper explaining they had originally reserved the page so Grayling could ‘give the tens of thousands of rail users details

Home Theresa May made a speech in the open air in Downing Street after kissing hands with the Queen as the new Prime Minister. ‘As we leave the European Union,’ she said, ‘we will make Britain a country that works not for a privileged few, but for every one of us.’ In her new cabinet Boris Johnson, the failed contender for the leadership of the party, was made Foreign Secretary, replacing Philip Hammond, who became Chancellor of the Exchequer in place of George Osborne, who was sacked. Amber Rudd became Home Secretary, replacing Mrs May, and Liz Truss became Justice Secretary and Lord Chancellor, replacing Michael Gove, who was sacked.

On 26 October last year, the Spanish government shut up shop in preparation for a general election. This duly took place in December but then a strange thing happened: after all the build-up, the arguments, the posters and the television coverage, the result was… nothing. The various parties were so balanced, so mutually distrustful and ill-assorted that no government could be formed. Since last October, therefore, there has been no government in Spain. One can imagine that the average political correspondent would think this a terrible problem, maybe even a crisis. The Financial Times has referred to Spain ‘enduring’ months of ‘political uncertainty’. This is assumed to be a matter