Jeremy Hunt is right to ask Can We Be Rich Again? Economics With the CBI’s latest economic forecasts warning of a dramatic spike in unemployment and a prolonged period of anaemic GDP growth, it’s a good time to reflect on the question posed by former chancellor Jeremy Hunt in his latest book, Can We Be Rich Again? The book is the latest in a series of works [...]
Starmer ally defends minimum wage quango after Sunak calls for it to be axed Economics Welfare secretary Pat McFadden has leapt to the defence of the minimum wage quango after former Prime Minister Rishi Sunak called for the body to be axed. The top ally of Sir Keir Starmer told City AM it “would be a mistake” to abolish the Low Pay Commission (LPC), an independent body that advises the [...]
Jeremy Hunt: Pension triple lock is an ‘anchor drag’ on economic growth Politics Former chancellor Jeremy Hunt has warned that the triple lock on the state pension is acting as “an anchor drag on economic growth.” In an interview with City AM, Hunt said that above-inflation rises to the state pension are being funded “by more debt” on future generations and called for every major party to pledge [...]
Pat McFadden: I have not apologised to Rachel Reeves over ‘tax to pay benefits’ text June 8, 2026 Welfare secretary Pat McFadden has doubled down on his remarks unearthed in the Mandelson files that “every meeting [he has] is ‘who can we tax in order to pay benefits to others’”. The Cabinet minister was among numerous top officials to have his private messages released in documents relating to Lord Mandelson’s stint as the [...]
Milburn review: Youth unemployment crisis costs £125bn a year due to ‘broken system’ May 28, 2026 The crisis of nearly a million young people who are out of education, employment or training – known as ‘Neets’ – costs the UK economy up to £125bn a year, the Alan Milburn review has found, as both the government and the private sector were blamed for failing to address youth unemployment. An extensive report [...]
Tony Blair is the only sensible voice left in Labour May 28, 2026 After reading Tony Blair’s essay on the state of Britain (and the state of the Labour party) I was struck by the realisation that large parts of it sounded as if they’d come straight out of one of my own columns. Regular readers will know that I’ve often used this slot to point out the contradiction [...]
Labour has become the party of welfare, not work May 26, 2026 A generous interpretation of events would be to concede that Labour has avoided any attempt at welfare reform because it’s been waiting for the conclusions of Alan Milburn’s review into the crisis of youth unemployment. Milburn, who served as health secretary under Tony Blair, will publish the first part of his government-commissioned report this week, [...]
‘Economic catastrophe’: Social media and welfare state ‘to blame’ for youth unemployment May 23, 2026 Social media and the welfare state are pushing Britain towards an “economic catastrophe” over youth unemployment, a landmark government review has found. Smartphones have “rewired” the brains of young adults and left them trapped in unemployment, former health secretary Alan Milburn has found in an official report commissioned by Sir Keir Starmer. Labour ordered the [...]
Tories target £1bn benefits loophole in welfare crackdown May 3, 2026 The Conservatives have pledged to close what they claim is a £1bn loophole in the welfare system, in a move aimed at tightening benefit rules and boosting incentives to work. Shadow work and pensions secretary Helen Whately said the party would overhaul the benefit cap so households cannot receive unlimited payments unless all adults who [...]
Graduates are the canary in the coalmine for a failing welfare system April 7, 2026 The welfare state is a Ponzi scheme that’s dependent on an ever shrinking cohort of taxpayers, says Anne Strickland Discussion about student loan unfairness has dominated the headlines over the last month, after a freeze in the repayment thresholds led to a backlash about the student loan system in general. With fiscal drag pulling more [...]