Andy Burnham and Treasury Death Grop aren’t the hot new indie band coming out of Manchester. It is a central part of the our new Prime Ministers strategy. He has declared war on one of Britain’s oldest institutions. Not Parliament, the Bank of England or Whitehall civil servants. His target is the Treasury. For decades, … Read more
At long last, the student loan system is being debated seriously. It should be. Few policies impose marginal tax rates that politicians would tolerate anywhere else: 37% on incomes over £25,000, 51% over £50,270, and 71% over £100,000, before you even factor in interest and postgraduate add-ons. The Conservatives have proposed scrapping interest rates of … Read more
I have lost count of the number of times politicians have declared that PFI is “dead”. It has been blamed for everything from collapsing NHS finances to dirty hospital wards and dodgy light fittings. In reality, PFI was never a policy as such. It was a capital-sourcing mechanism — a way of bringing private investment … Read more