The pundits have the UK’s lost output at up to 30 per cent of GDP: personally, I anticipate it to be less, and closer to 10 per cent to 15 per cent.
It will take a vast New Deal of actual spending to lift Europe out of Coronavirus slump and head off a deflationary depression.
The Enterprise Investment Scheme has a crucial role to play in helping British SMEs reach their full potential in the global market.
Finally, the television licence. The principle ought to be that those who wish to watch the BBC pay a fee and those who don’t watch it do not.
I suggest the necessary first priority is to sort out the Stamp Duty mess. I would like to see it abolished on residential property.
On the outcome hangs the preservation of the nation state and the genuinely democratic government.
However, I do fear that in certain areas it hands too much power to a regulator which is just as prone to mistakes as those it supervises.
Leaving is just the start: the next government will need to embark on a serious programme of reform.
Brexit also prompts the need for a single ID card regime. The Government could roll out a national scheme based on work already done by councils.
Keep them low where possible; find the optimal point on the Laffer Curve; avoid taxes which are expensive to collect; and undo the harm of Stamp Duty and Inheritance Tax.
Confessions of use in their youth by politicians raises the case for controlled legalisation – at least of ‘soft’ substances, if not yet of hard ones.
That means easing onerous planning restrictions and ending George Osborne’s misguided crackdown on buy-to-let landlords.
The truth is that the Conservative system was not broke before 1998 and didn’t need fixing; and that the 1998 constitutional reforms were a failure.
The Party must embrace innovation and free enterprise, put forward a strategy to drive down tax rates and reverse state action over individual freedom.
Whichever way the Prime Minister eventually goes, she will also continue to run the risk of splitting the Conservative Party.