Editor's Letter

Wednesday 16 April 2014
INFLATION, as Milton Friedman used to argue, is a form of taxation without legislation. Wealth is taken from some people – for example, holders of cash – and given to others – such as those with large debts.
Tuesday 15 April 2014
IN the dreadful communist days, Ukraine and Poland used to be equally poor. The former was part of the Soviet Union, and Poland was one of the USSR’s satellite nations, belonging to the Warsaw pact.
Monday 14 April 2014
ON the face of it at least, all is going swimmingly well for the British economy.
Friday 11 April 2014
CREDITORS are strange beasts: they appear to have virtually zero memory, to be gluttons for punishment and to embrace rewards for failure.
Thursday 10 April 2014
IT is a remarkable story. When Dadabhai Naoroji was elected as the Liberal Party member for Finsbury Central at the 1892 general election, the Mumbai-born became Britain’s first Asian MP.
Wednesday 09 April 2014
AT SOME point over the next few years, the UK will have to decide once and for all what it wants
Tuesday 08 April 2014
FACTS are sacred, unlike mere subjective opinions – or so most sensible people believe. In reality, as every good French philosopher would tell you, what we trust to be objective data-based truths all too often turn out to be social constructs.
Monday 07 April 2014
THE housing crisis in London and its commuter belt can be blamed on one simple problem: there is an under-supply of property.
Friday 04 April 2014
BRITAIN’S debt burden is falling. Yes, you’ve read that right: the UK is finally deleveraging. But there is a  catch: debt hasn’t fallen enough even though we are already nearing the end of the deleveraging cycle.
Thursday 03 April 2014
WHAT a disaster for Nick Clegg and the Liberal Democrats.
Wednesday 02 April 2014
HARDLY anybody has heard of the Roman poet Juvenal these days, which is a great shame. He was the first, as far as we know, to ask one of the central questions of political philosophy: “Who will guard the guardians?”
Tuesday 01 April 2014
WE all know that bosses keep awarding themselves bigger and bigger pay rises, right? And that FTSE 100 CEOs’ comp keeps on rocketing? Wrong. The facts paint a far more complex picture, and deserve a proper airing.
Monday 31 March 2014
A DISASTER for Francois Hollande, France’s socialist president: that is the only way to describe the outcome of yesterday’s elections, which saw the centre-right sweep to power in towns and cities across the country.
Friday 28 March 2014
FACTS are often scarce in the great European debate. It is possible for fair-minded people to come down on either side of the question.
Thursday 27 March 2014
CONSUMERS and politicians should draw very careful lessons from the news that SSE, the energy giant, is freezing its prices. This is hardly the victory that some on the left believe it to be.
Wednesday 26 March 2014
A YEAR ago, the political establishment was still obsessed with the debate over austerity;  today, hardly anybody cares any more. Labour has moved on to fresh territory, as has the coalition.
Tuesday 25 March 2014
LONDON is at the top of its game. It is not only the commercial, financial, cultural and political capital of the UK but a great city-state, a global metropolis which attracts the world’s best and brightest.
Monday 24 March 2014
IT IS obvious that Russia is a significant source of jobs, trade and investment for the UK.
Friday 21 March 2014
SUPPORTERS of the nanny state were out in force yesterday, attacking George Osborne’s revolutionary liberalisation of the pensions market.
Thursday 20 March 2014
@allisterheath
Wednesday 19 March 2014
GOOD on Mark Carney. The Bank of England he inherited was in urgent need of a shake-up, and he has now delivered on the comprehensive reorganisation he promised.
Tuesday 18 March 2014
BRITAIN’S traumatic national wage cut could be about to come to an end – or so the Treasury would like us to believe.
Monday 17 March 2014
AT THE start of every year, forecasters try to predict what could go wrong over the next 12 months – and every time, they get it terribly, spectacularly wrong.
Friday 14 March 2014
BONUSES are not the source of all evil. Sorry, I know I’m not meant to say that, but it’s the truth.
Thursday 13 March 2014
IT’s hard to know what is most bizarre: the fact that the coalition and Labour are ganging up to  vandalise the UK’s pension system, or that so few people have noticed or care.
Wednesday 12 March 2014
ROSS Perot, as a US presidential candidate in 1992, infamously decried “the giant sucking sound” of jobs being exported abroad as a result of free trade. It was populist nonsense, of course.
Tuesday 11 March 2014
IF you want to see how to destroy an economy and a society, look no further than Venezuela.
Monday 10 March 2014
AN op-ed in the New York Times slamming the UK’s response to the Ukrainian crisis is making waves.
Friday 07 March 2014
DAVID CAMERON has a major problem. He is alienating many of the groups that traditionally supported his party and failing to reach out to any new ones.
Thursday 06 March 2014
BRITAIN remains in a savings crisis. A shocking 19 per cent of the public have no savings at all, up from 17 per cent last year, and the average stash put away for a rainy day is a miserable £10,208.
Wednesday 05 March 2014
IMMIGRANTS are good for jobs. Yes, you’ve read that right: even though much of the public believes that migrants depress the labour market, the truth is that foreign entrepreneurs are actually responsible for a great number of British jobs.
Tuesday 04 March 2014
MORALITY and foreign policy make uneasy bedfellows. In 1997, when Tony Blair called for an ethical foreign policy, the country cheered; 17 years later, any politician calling for such idealism would be laughed out of town.
Monday 03 March 2014
THIS is the week Western foreign policy was finally exposed as a sham.
Friday 28 February 2014
THERE are two camps on migration. The first, to which the vast majority of the public belongs, believes that immigration into the UK is much too high. The second, much smaller group, is more liberal on this issue.
Thursday 27 February 2014
HOMEOWNERSHIP has just fallen to a 25-year low, which means that Britain’s once-vaunted ownership society is in deep trouble. This is very bad news indeed.
Wednesday 26 February 2014
ATTITUDES to having babies can tell us a lot about a country. In the UK, the recession went hand-in-hand with a baby-boom – and yet in the US it was accompanied by a collapse in the birth rate.
Tuesday 25 February 2014
SUPPLY and demand: remember them? If the demand for a good or service goes up, and its supply doesn’t increase as much, then prices go up. If supply increases, and demand doesn’t, prices go down.
Monday 24 February 2014
VLADIMIR Ilyich Lenin was a monster. He was a central theorist of communism, a key player in the Bolshevik revolution, a commissar, a leading instigator of the Red Terror and other massacres, and the first leader of the Soviet Union.
Friday 21 February 2014
BRITAIN is building again at last – or so the government would like us to believe.
Thursday 20 February 2014
THERE is one reason, above all others, why we should welcome the latest figures on the state of the jobs market. Yes, jobs are being created in vast numbers, and good ones for that matter.
Wednesday 19 February 2014
MORE Ferraris are now sold in the UK than in any other European country. No fewer than 677 of the Italian supercars were delivered to the UK, out of total global sales of 7,000, more even than Germany, home of autobahns with no speed limits.
Tuesday 18 February 2014
MONEY, money, money – there is much still to learn from Abba, the wonderful Swedish band, especially when it comes to economics. Take their garish outfits: the crazed hotpants, the white boots and the bizarre shirts.
Monday 17 February 2014
POLITICS is a nasty, brutish business - so I have no time for those Scottish nationalists who are now bleating about how badly they are being treated by the London and European establishments.
Friday 14 February 2014
THE gloves are finally off. The London political establishment’s message to Scotland is clear: stay in the UK, or lose the pound.
Thursday 13 February 2014
LET’S face it: monetary policy in the UK has become much harder to understand, in no small part because of Mark Carney’s botched forward guidance.
Wednesday 12 February 2014
MOST economists believe that the UK economy still boasts plenty of spare capacity, by which they mean that factories can still produce more, offices aren’t full, and plenty of people remain unemployed or underemployed.
Tuesday 11 February 2014
WHEN a private company messes up, it rightly gets pilloried. But when the public sector commits a blunder, even an enormous one, it all too often gets away with it.
Monday 10 February 2014
THERE are two kinds of Eurosceptics.
Friday 07 February 2014
THE penny is beginning to drop in boardrooms across the City. It is all too possible, though still not the most likely outcome, that the Scottish electorate will decide to vote to leave the UK.
Thursday 06 February 2014
BRITAIN has become dangerously reliant on a small-number of highly paid and wealthy individuals for its tax receipts.

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