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RIP Norman Tebbit. It may sound odd given his reputation, but what I will most about him was his kindness/courtesy. Three small examples... (1/)

My The Telegraph piece on why a wealth tax would be economically damaging, administratively burdensome and ultimately counterproductive. Centre for Policy Studies telegraph.co.uk/business/2025/…

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Some horrible charts from the OBR... 1⃣ the UK's government's cost of borrowing is now consistently at the top of the range for G7 economies (note UK public debt is not particularly high compared to others, so this partly reflects a lack of fiscal credibility)... 🧵

Brilliant work from Sam Dumitriu. When I worked on planning in the 1990s I found that from 1960 - 1991 expenditure on planning bureaucracy increased 6 fold but applications processed increased by a mere 25%. It has carried on like that ever since - ludicrous bureaucracy for even

Wonderful obituary of Norman Tebbit by Karl Williams for CapX capx.co/the-greatest-p…

So it goes

'We've been running public finances since the financial crisis on the basis that something will turn up, that productivity growth will snap back, that living standards will rise again. We're slowly accepting that's not going to happen.' Robert Colvile reacts to today's OBR report ⬇️

'Britain is living beyond its means' - Gerard Lyons for CapX on the OBR's grim verdict capx.co/the-country-is…

Much comment on here today about UK fiscal sustainability. I would add three further thoughts to the points that many excellent UK economists have made about debt sustainability, and the importance of this report. A short thread 🧵 …. (1/5)

Shameful that so few opposed politicising our national game w/ a state-backed regulator. We will deeply regret this within a decade. A classic case of naive intentions that will be marred by mission creep, regulatory capture, and, ultimately, crude populism on football finance.

This is a genuinely superb obituary of a fascinating political giant by Karl Williams. Norman Tebbit offered plenty of lessons to many of us across many different contexts, may he rest in peace.

If reports are true this will lock *everyone* - not just Scotland - into higher bills for years as we will spend billions switching off wind farms when it’s windy (rather than allowing them to sell power dirt cheap locally). A mistake. theguardian.com/business/2025/…

Yup. Lots of things we can do around the edges (eg build more houses) but fundamentally, the choice is more tax or less spending. The problem is that most politicians - and almost all of the voters - are still pretending that isn't so.

🚨 NEW REPORT: Lord Lilley warns leaving the ECHR may be Britain's only way to protect judicial independence and democratic accountability. Challenges myths about the Convention's origins and shows how it has politicised our courts. Full analysis below 👇

Delighted to attend the ⁦Centre for Policy Studies⁩ event this morning with Lord Lilley discussing his new paper on the ECHR. cps.org.uk/research/brita…

🧵You'll often hear that Britain created the ECHR - that Churchill championed it and Attlee embraced it as codifying British values. The reality is different. Both leaders specifically refused to let the Court govern Britain. So what changed?