Welcome to the stagnation nation

Fifteen years after the great financial crisis blew Britain’s economic settlement apart, we’re still scrabbling around for a replacement. The staggering scale of our problems was revealed yesterday in Jeremy Hunt’s thoroughly depressing budget statement. Despite heavy doses of magical …

Make Britain Victorian again

In 1946, lorries and diggers rumbled into the grounds of Wentworth Woodhouse, then one of England’s grandest mansions. Its manicured lawns, gardens, and parkland stood on a coal seam that neared the surface, and the Labour Party’s Minister for Fuel …

Fifty years on, who governs?

After months of speculation, the beleaguered Conservative prime minister summoned the cameras to Downing Street to make a special announcement. The economy was stagnating and his attempts to bring down inflation had been hammered by an energy crisis. Public sector …