America’s looming debt crisis

If a foreign power – or aliens – wanted to wreck our economy, why waste time and money on firepower? All they would have to do is cut off our access to funny-money credit. Auto sales would stop. House

As expected, the US government shutdown came to an end in the customary way: both parties agreed to keep spending other people’s money. But do our leaders know what they are doing? And how much of wha

“I will have everyone work like a horse,” declared Sanae Takaichi shortly before taking over as Japanese prime minister in October. Takaichi’s vow to “work, work, work, work, work” has been selected a

“All government leaders know what to do. They just don’t know how to get re-elected if they do it.” Jean-Claude Juncker, the former president of the European Commission, said little of note in his pol

With the election of a socialist to the position of mayor, New Yorkers are trying to escape one toxic fantasy by plunging headfirst into another. They jump from the caldarium – a muscled-up fantasy of

Taxes are up – a lot: another £26bn a year by 2029, drawing millions more into higher tax bands. That’s almost as big as the £32bn raised in last autumn’s Budget, with its job-destroying increase on e