Rishi Sunak has said the government has a sacred duty to balance its books. He is wrong.  

I first referred to the idea of the Cappuccino Economy in my book The Courageous State. I still think the metaphor is useful.

We live in a mixed economy. For the foreseeable future – by which I mean in this case, a very long time to come –
Read the full article…

Liz Truss is, apparently, out and about, promoting freeports today. I recently submitted a fairly lengthy comment to the Government’s consultation on the creation of new Freeport
Read the full article…

We’re back. And there will be another one in the morning.  

I created the concept of carbon insolvency to describe a company that does not know how to raise the funding required to become net-carbon neutral,
Read the full article…

This video was the result of a discussion with a journalist who moaned to me that he could not get civil society to comment on
Read the full article…

Inheritance tax is supposedly one of thE most hated taxes in the UK, even though only a tiny proportion of estates pay it. I offer
Read the full article…

What defines a modern state? It is the ability to make law, and the fulfilment of the duty to uphold it. What happens when that
Read the full article…