In 1970, Ted Heath unexpectedly became Prime Minister, replacing Harold Wilson for what turned out to be a turbulent four years. His Chancellor, Anthony Barber, embarked on one of the most ambitious — and disastrous — economic experiments in modern British history. The resulting “Barber Boom” was a huge dash for growth: tax cuts, relaxed … Read more
I used to work in Redcar. Every morning I would drive past the steelworks. It dominated the landscape, physically and psychologically. You could see it from miles away: towers, chimneys, flames, steam, conveyors, endless geometry in rust red and grey. Whatever else Teesside was, it was a place that made things. Even if you never … Read more
There has been a lot of comment about the latest UK growth figures. The headlines are undeniably good. Britain is now the fastest-growing economy in the G7 on recent quarterly measures, and since the General Election only the US has grown faster. That is particularly notable because the US is running a budget deficit of … Read more