Once inflation arises, reversing course is difficult. Businesses shut down or relocate, unemployment soars and we enter an economic contraction.
The centre isn’t where he or ConservativeHome or anyone else wants it to be. It’s where it is – “Far From Notting Hill”.
What we need is to promote a higher wage, higher productivity economy. Our economic targets should reflect those aims.
The Government can’t deliver levelling up without more supply-side change, localism and public service reform.
Providing small businesses with technology and training will accelerate our recovery from Coronavirus.
The Budget was, if truly honest, a sign that the Government shuns spending cuts and embraces tax rises – which is ultimately unsustainable.
Conservative messaging implies an implicit belief that there are no major state functions ripe for reform in any fiscal repair.
It will probe whether or or not Sunak can prepare the country for that future – and perhaps succeed Johnson himself, “one fine day”.
Perhaps the simplest way of putting it is: it’s all about economic credibility, stupid. Because come 2024, it certainly will be.
We need to have a debate about which taxes are least damaging to economic growth. Over the long term, corporation tax ranks as being one of the worst.
I’m delighted to have been asked to help set up the new Taskforce for Innovation and Growth through Regulatory Reform.
It’s baffling why think-tanks are taking the OBR assessments as truth, given its prediction record.
Before pumping more funding into the public sector, we must restore the habit of making sure we have the money in the bank before we start spending it.
Plus: Johnson’s sub-optimal Brexit trade deal choice. I’m not dreaming of a normal Christmas. And: green jobs – overall, a cost not a benefit.
The first group of savings are about making the state more efficient, the second about creating a state focused on the core tasks of government.