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    UK eases pressure on business by halving energy bills this winter

    21 Sep 2022

    The British government on Wednesday said it would cap wholesale electricity and gas costs for businesses at less than half the market rate from next month, helping relieve the pressure of soaring energy costs but adding to the government’s fast-rising spending.

    Liz Truss’s pro-growth strategy is bold

    23 Sep 2022

    One accusation levelled at the government is that after 12 years of Tory rule, Britain is broken. Inflation is soaring, growth is stagnant, and the NHS is on its knees. Of course, it should come as little surprise that we are experiencing massive disruption. After a global pandemic and two years of on-off lockdowns, we are not alone in

    So much for Truss being reincarnation of Thatcher

    03 Oct 2022

    Rarely, outside of rallycross and supermarket car parks frequented by joy riders, can a U-turn have been executed so rapidly. The plan to ditch the 45p top rate of tax has been scrapped. The emblem of the drive to make the British abandon their obsession with “fairness” is no more. So much for the “plan for growth”, then. So much for Kwasi

    Everything affects our health — even Trussonomics

    02 Oct 2022

    This week I gave my inaugural lecture to my first-year medical students. My message was simple: everything affects our health. Who we are, what we do, where we work, who we love, where we come from — all of it. Which is why, as we doomscroll through the bin fire that is our current government and their dogged

    American, British conservatives are frozen in failure

    11 Jan 2023

    For the past few years, the US and the UK have followed strikingly similar political trajectories. Against all odds, populist uprisings captured both countries’ conservative parties, secured power and embarked on projects of national transformation. These efforts went badly (to put it generously), and in due course

    Teachers and NHS staff are striking and leaving

    10 Oct 2022

    Union bashing: it’s the same tired old song, deployed whenever the Tories are feeling the pinch. And sometimes even when they aren’t. In that respect, Liz Truss raging against “militant unions” and their alleged part in her comical “anti-growth coalition” was just so much scratched vinyl. My, how that party needs a new stylus.

    Truss is reassuring her backbenchers she is in listening mode

    12 Oct 2022

    “This is reassurance week,” one ally of Liz Truss told me. There’s one problem: the financial markets, Conservative MPs and in turn, the public are far from reassured, despite the government’s more conciliatory tone. Last month’s mini-Budget already seems like a long time ago but it continues to haunt Liz Truss and Kwasi Kwarteng.

    Things can only get worse for Liz Truss

    09 Oct 2022

    Usually, the market in political commentary overshoots. Every other week for Tony Blair was his “worst week ever”, as Alastair Campbell used to say. Gordon Brown was written off and then managed to claw back enough ground to deny the Conservatives a majority. Theresa May could do no wrong, and then she could do no right, but

    UK finance minister Kwarteng confirms he has been sacked

    14 Oct 2022

    His removal comes after media reported he was being sacked before a news conference by Truss when she is expected to scrap parts of their economic package in a bid to survive the market and political turmoil gripping the country.

    Liz Truss appoints centrist Hunt as new finance minister

    14 Oct 2022

    Downing Street announced Hunt's appointment as chancellor of the exchequer shortly before Truss was due to hold a news conference.

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