Student Loans: The Accounting Trick That Got Out of Hand

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

Trump, Farage Vice Signalling and the Politics of Being Awful

I was working in Leeds when I first started seeing adverts for WKD. Billboards, TV spots—loud, garish, and oddly confrontational. They didn’t look like advertising as we understood it. Traditionally, advertising sold aspiration. Buy this and you’ll be better, cooler, more successful—more attractive, even. WKD did the opposite. Its campaign—“Have you got a WKD side?”—didn’t … Read more

Immigration Is Falling. So Why Isn’t Anyone Happy?

The latest immigration data slipped out last week with surprisingly little noise. It should have been a big political moment. Net migration has fallen to 204,000 in the year to June—less than a third of the previous year’s level. That’s not a marginal shift. That’s a collapse. It’s now so sharp that it risks tipping … Read more

Gorton and Denton: Fragments of a Party System

By-elections are supposed to be strange. Low turnout, odd swings, protest votes. But every so often they tell you something real about the direction of travel. This one did. Start with the Greens. On the face of it, good news. They can clearly mobilise a vote and, in the right conditions, win. But their real … Read more

What Does “Far Right” Mean?

Once upon a time, defining the far right was easy. Britain had fringe parties like the BNP and the National Front. Mainstream politicians kept their distance. Their ideas were toxic, and everyone knew it. That boundary has now broken down. The far right has been partially absorbed into mainstream politics. Just as Jeremy Corbyn opened … Read more

Closed Pubs and the Politics of Nostalgia

Are Pubs Really in Trouble? Reform are proposing a package of support for pubs — or possibly the whole hospitality sector. It’s not entirely clear. Robert Jenrick says one thing, Lee Anderson another. But before we get into subsidies, it’s worth asking a basic question: Are pubs actually in trouble? A Sector Caught in a … Read more

Reform: Foreign Money, Loopholes and the Race Against the Clock

Reform UK’s donor list this year reads like a map of global capital. A £9 million donation from a businessman based in Thailand. Hundreds of thousands from a telecoms entrepreneur born in Beirut with global interests. Large sums emerging from corporate vehicles and overseas-linked donors. Fund raising dinners in Dubai hosted by Mumbai billionaires. According … Read more

Rupert Lowe: The New New Far Far Right

The schism on Britain’s hard right is no longer gossip; it is formal. Rupert Lowe, reportedly buoyed by encouragement from Elon Musk’s online ecosystem, has launched a rival to Reform. His one-MP outfit is called Restore. The launch, staged in Great Yarmouth, leaned heavily into hard-line rhetoric on immigration and “national restoration”: mass deportations, drastic … Read more

Banning Working From Home: Bad Policy Comes Round Again

Last week, Nigel Farage announced that a future Reform government would ban working from home. If that sounds familiar, it’s because you’ve heard it before. Boris Johnson floated the same idea four years ago. Same rhetoric. Same applause lines. Same fatal flaw. Reform supporters bristle when critics describe the party as a retirement home for … Read more

Inside the Weird World of the Online Right

Strike!!! Britain is on strike. A massive strike to bring the government to its knees and force a general election. At least, that’s the claim. This isn’t just people refusing to work for a week. The strike also involves not shopping, not going to the pub, not doing… anything. Total withdrawal from society. You didn’t … Read more