Economics newsletter
The inside story of Reform’s business charm offensive
Nigel Farage didn’t need the help of corporate Britain to build Ukip, the Brexit Party and Reform UK into national forces. He didn’t need open letters from big business to help win the EU referendum. And he didn’t need big brands to take GB News off their advertising blacklists for his show to succeed. This
Europe must give Trump what he wants
Tensions between the United States and Europe have prompted a rethink about defence spending among European elites. The postwar paradigm saw Uncle Sam pick up the tab for security while the Continentals sunk their treasure into social protection and other political priorities. This suited Europe for as long as their benefactor remained broadly faithful to
Ed Miliband’s warm homes scheme is good news for cowboy builders
The cowboys must be licking their lips. Ed Miliband has come up with yet another green homes scheme to chuck public money at subsidised energy improvements. The Warm Homes Plan will allocate £15 billion to grants and low-cost loans for homeowners who want to upgrade their insulation, and fit heat pumps and solar panels. According
Why inflation is up again
Inflation has crept back up. Figures released by the Office for National Statistics (ONS) show that the Consumer Prices Index (CPI) rose by 3.4 per cent in December. That’s up slightly from the 3.2 per cent rise in prices recorded in November – though it is roughly in line with what markets had expected. The main
Rachel Reeves: destroyer of jobs
Rachel Reeve’s jobs collapse is trundling on. Figures just released by the Office for National Statistics (ONS) show that 155,000 payroll jobs were wiped out in the year up to November. Some 33,000 were lost in a single month. In total, over 200,000 jobs have disappeared since the Chancellor’s first Budget when she announced a
Britain’s economy is standing still under Labour
Britain’s economy is standing still. Figures just released by the Office for National Statistics show GDP grew by just 0.1 per cent in the three months to November. The numbers were dragged down by the construction sector, which saw a contraction of 1.1 per cent – its largest fall in nearly three years. GDP grew
Billionaires or bust: the world needs the super-rich more than ever
The socialist left was on parade in the final innings of 2025. The long cold shadow cast by “The 2026 Billionaire Tax Act,” a ballot initiative in California to be voted on in November, has led tech billionaires to take flight out of the state and land in the zero-income-tax paradises of Texas and Florida.
What is migration really costing Britain?
The worst forecasting error in British government history may be unfolding as we speak. While much attention is given to grand projects, such as HS2, which end up costing tens of billions of pounds more than they were supposed to, these at least have a start and finish date – and something tangible emerges at
Why is the Motability boss getting a bumper pay rise?
Until Rachel Reeves tightened the rules in last month’s Budget, Motability customers were able to sink into the leather seats of a top-of-the-range Mercedes. But however luxurious the upholstery, it can’t have been as thick and durable as the rhinoceros skin of Motability boss Andrew Miller. He has just been awarded a 23 per cent pay
Why should British taxpayers fund students’ European Erasmus jollies?
Half a billion pounds of taxpayers’ money will be spent on rejoining the EU’s Erasmus+ student exchange programme. With libraries closing, criminals being let out of jail early and funding for maths and classics in schools slashed, it is the clearest indication yet of where this government’s priorities lie. Rejoining Erasmus+ simply means that working