The government’s new state aid system, which is intended to ‘support UK jobs and businesses, boost the economy and strengthen … Continue reading “The new state aid system is ad-hoc Mazzucatoism”

The Government’s industrial strategy, released yesterday, is a paean to received wisdom about what the future economy will look like. … Continue reading “The government’s new ‘industrial strategy’ will fail”

Theresa May is an accidental Prime Minister. She is in Downing Street because David Cameron broke his word to the … Continue reading “The ‘libertarian right’, Mrs May? What ‘libertarian right’?”

Theresa May is reviving the idea of interventionist industrial strategy, and wants to “rebalance” the economy. Many people are jumping … Continue reading “It’s pure hubris for politicians to think they can “rebalance” the economy”

Jeremy Warner yesterday echoed the Prime Minister’s goal of a “proper industrial strategy” for Britain. He rightly cautions against the … Continue reading “Does Britain need a ‘proper industrial strategy’?”

The rapid economic growth of East Asian economies after World War II led many to mistakenly believe that government industrial … Continue reading “East Asia’s economic development: state planning or freedom?”

This wasn’t a lazy half-hearted reshuffle, Theresa May was imposing her own stamp on government. Rather than going for continuity, … Continue reading “Beware May’s “industrial strategy”: Brexit Britain must be market-orientated”

Whether you are a green activist or a poverty campaigner, energy policy under the Thatcher-Major-Blair governments was a striking success. … Continue reading “A vicious circle of state intervention is taking Britain’s energy markets back to the 1970s”

One part of Alastair Darling’s Budget that appears to have received little attention from the media is his plan for … Continue reading “Politicising money lending is not the path to prosperity”