Channel 5 has announced that it is preparing to dramatise the Peter Murrell embezzlement scandal. The 90-minute film will be made by Wonderhood Studios, whose most recent work was the well-received ‘Downfall’ about Huw Edwards. Not much is known about the production as yet, but those hoping for a deep dive into the complexities of […]
The ‘moron premium’ is back with a vengeance this week, with 10-year gilt yields approaching 5.30%, their highest since 2007, while the 30-year is again threatening 6%. Pantheon Macroeconomics estimates that higher borrowing costs have cut the Chancellor’s fiscal headroom from £23.6 billion to around £13 billion. Meaning almost £11bn has disappeared before the Budget […]
When Andy Burnham arrived at No 10 in July he came with a bold message of change. 40 years of neoliberalism have left Britain hollowed out: wealth has drained from those with the least to those with the most; capital ran riot while the state stood back and watched. It’s a powerful story, and evidently […]
If you spend enough time in politics you learn to spot a familiar mistake dressed up as a novel dilemma. In the 1980s, Xerox forbade the American programmer Richard Stallman from so much as fixing a glitch in his own printer, on the grounds that the code inside it was proprietary. It was this small, […]
Alan Greenspan was always attacked by the Left because of his belief in market forces. John Kenneth Galbraith, at a White House conference, made fun of him, saying that the cure for inflation is always the same for ‘Bolsheviks and the devoted supporters of Ayn Rand’. But each and every government learns the hard way […]
This week, Nimby Watch is in Axminster, because where else would you go to talk about the technologies of the future? Alright then, where are we off to this time? In this edition of Nimby Watch, we’re focusing in on Axminster, where – Oh, I love that we’re finally doing something different! I’m a huge […]
Between all the usual August silly-season news stories about how the Prime Minister makes tea (milk first, apparently) or his go-to Greggs pie (it’s the sausage, bean and cheese melt, since you asked) was something altogether more serious: where the Government plans to build 70,000 of its promised 300,000 new affordable and social homes. It […]
This week, consultation closed on the Government’s proposals to place further restrictions on the use of zero-hour contracts. Labour’s intention was signalled in last year’s Employment Rights Act, which obliges employers to offer a guaranteed-hours contract based on the average hours worked in a ‘reference period’, to give workers ‘reasonable notice’ of shifts, and to […]
This morning the Guardian reported ‘Number of young people in UK not in work or education falls below 1 million’. Technically yes. The ONS released new statistics today which show that the number of people aged 16 to 24 not in employment, education or training (NEET) is down 30,000. Unfortunately, it is not cause for […]
Britain says it wants to be a global hub for digital assets. Yet many people who want to use a lawful, FCA-registered crypto service cannot reliably move their own money to one. This is a test of whether the UK believes in individuals’ freedom to control their own money. A growing number of banks now […]
In 1943, a Post Office engineer called Tommy Flowers built a codebreaking machine out of 1,500 thermionic valves, partly out of his own pocket. Within a year Colossus, the world’s first programmable electronic computer, was cracking Nazi High Command ciphers at Bletchley Park. Britain had invented the data centre, in a large shed, and chock-full […]
Will the man who paints himself as the antidote to Thatcherism lead us back to the worst of the 1970s? As Britain’s borrowing costs spiked and Andy Burnham faced MPs as Prime Minister, Marc Sidwell spoke to the economist Julian Jessop about Burnham’s plans – and whether they can really get Britain back to growth. […]
Modern life rests on inventions so ordinary that we barely notice them… until they start to fail. This week on The Capitalist, Marc Sidwell speaks to the writer and CapX columnist Jonn Elledge. His new book ‘31 Inventions That Built Our World’, surveys the technologies – from sewers to lifts – that make urban life […]
Are Nimbys a threat to national security? Britain’s inability to build houses and infrastructure is rightly at the heart of our domestic political debate. Dalibor Rohac thinks it needs to be seen as a geopolitical failing as well. This week on The Capitalist, Rohac, incoming director of research at Globsec, discusses his new book ‘Unshackled: […]
What happens when a revolt against the elite puts the worst people in charge? Richard Hanania had a ringside seat for the rise of MAGA, as his Substack essays on anti-woke issues gained traction at the highest level of the new American Right. He had high hopes for Donald Trump’s second term, and coined the […]
Britain’s ‘equal value’ pay rules go well beyond upholding equal pay for the same work, and mean that tribunals have the power to ignore the market and decide that bin men and teaching assistants should, in fact, be paid the same. These rules bankrupted Birmingham City Council, and the big supermarkets are already facing claims […]
In June, SpaceX went public in the largest IPO in history. Three days earlier, a German historian published a book explaining why that moment had been 60 years in the making. CapX editor Marc Sidwell sits down with Rainer Zitelmann to discuss ‘New Space Capitalism’, Zitelmann’s account of how private enterprise took over the final […]
Watch or listen to CapX’s weekly podcast ‘The Capitalist’ wherever you get your podcasts.
Channel 5 has announced that it is preparing to dramatise the Peter Murrell embezzlement scandal. The 90-minute film will be made by Wonderhood Studios, whose most recent work was the well-received ‘Downfall’ about Huw Edwards. Not much is known about the production as yet, but those hoping for a deep dive into the complexities of […]
The ‘moron premium’ is back with a vengeance this week, with 10-year gilt yields approaching 5.30%, their highest since 2007, while the 30-year is again threatening 6%. Pantheon Macroeconomics estimates that higher borrowing costs have cut the Chancellor’s fiscal headroom from £23.6 billion to around £13 billion. Meaning almost £11bn has disappeared before the Budget […]
When Andy Burnham arrived at No 10 in July he came with a bold message of change. 40 years of neoliberalism have left Britain hollowed out: wealth has drained from those with the least to those with the most; capital ran riot while the state stood back and watched. It’s a powerful story, and evidently […]
If you spend enough time in politics you learn to spot a familiar mistake dressed up as a novel dilemma. In the 1980s, Xerox forbade the American programmer Richard Stallman from so much as fixing a glitch in his own printer, on the grounds that the code inside it was proprietary. It was this small, […]
Alan Greenspan was always attacked by the Left because of his belief in market forces. John Kenneth Galbraith, at a White House conference, made fun of him, saying that the cure for inflation is always the same for ‘Bolsheviks and the devoted supporters of Ayn Rand’. But each and every government learns the hard way […]
This week, Nimby Watch is in Axminster, because where else would you go to talk about the technologies of the future? Alright then, where are we off to this time? In this edition of Nimby Watch, we’re focusing in on Axminster, where – Oh, I love that we’re finally doing something different! I’m a huge […]
In 1943, a Post Office engineer called Tommy Flowers built a codebreaking machine out of 1,500 thermionic valves, partly out of his own pocket. Within a year Colossus, the world’s first programmable electronic computer, was cracking Nazi High Command ciphers at Bletchley Park. Britain had invented the data centre, in a large shed, and chock-full […]
The elevation of an AI Minister to the Cabinet Office appears like a triumph for the technology. But Kanishka Narayan is, essentially, on his own island, floating between Andy Burnham’s inner circle and the Department for Business, Innovation, Science and Trade (BIST) – unmoored from AI’s former home, the Department for Science, Innovation and Technology […]
Britain and America have spent a decade arguing about Nimbyism as if it were a housing problem. It is much bigger than that: our inability to build, in a broad sense, has grown into a source of geopolitical weakness. The economic argument has been made already. Growth controls add anywhere from 17% to 38% to […]
Britain says it wants to be a global hub for digital assets. Yet many people who want to use a lawful, FCA-registered crypto service cannot reliably move their own money to one. This is a test of whether the UK believes in individuals’ freedom to control their own money. A growing number of banks now […]
The Prime Minister has announced that economic policymaking will be led by No 10 North. Does this mean that the so-called ‘dead hand’ of the Treasury will no longer be able to frustrate worthwhile projects which will boost the UK economy? Or does it run the risk of expenditure and borrowing getting out of control […]
What do Richard Tice, Kevin Hollinrake and Peter Kyle all have in common? I wish I had a wittier answer to what sounds the set-up to a poor joke, but unfortunately I only have one answer – they all own an electric vehicle (EV). If three men, who have wildly diverging political views, lifestyles and […]
In the year we celebrate the 250th anniversary of Adam Smith, we must also celebrate the idea that the wealth of nations and the free, fair exchange of goods and services are intricately connected. This idea is what made Britain one of the wealthiest countries in the world and – with one in three pounds […]
It’s only on the basis of truth that power should be won – or indeed can be worth winning. Margaret Thatcher, 1996 It is a hundred years since Margaret Thatcher was born in Grantham. Fifty years since she took over the Conservative Party. Almost 35 years since she was forced from office. Today’s voters are […]
If you’re under the age of 53, no human being has ever left low Earth orbit in your lifetime. Just nine spaceflights, all under the Apollo Program, took human beings beyond Earth orbit at all. And they all took place in a four-year burst between December 1968 and December 1972. Tonight, NASA attempts to change […]
There is much discussion right now about the dysfunctionality of UK politics. This goes beyond complaints about the policy incoherence or ineffectuality of any particular government, whether that be the current one or its Tory and Coalition predecessors. Rather, there is a growing feeling that the political system itself, the whole process of politics, no […]
Ten years ago, the EU referendum created two new political tribes: Leavers and Remainers. As Sara Hobolt and I show in our new book ‘Tribal Politics: How Brexit divided Britain’, both tribes are very much still with us. Even today, about 60% of people in Britain identify as a Remainer or a Leaver, and people’s […]
‘Isn’t it time we stopped talking about her?’ Fifty years since Margaret Thatcher became leader of the Conservative Party, her face, and even some of her iconic outfits, were all over this year’s party conference. Not everyone was happy about that. Hot takes and tweets grumbled about it being time to move on, to pack […]
