Stagnation? get used to it

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

“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

“Markets appear to have their mojo back,” says The New York Times Dealbook. Shares on Wall Street wobbled at the end of last week, with even strong results from AI chip champion Nvidia failing to calm

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

“Is Britain having a collective nervous breakdown?” asks Camilla Cavendish in the Financial Times. Almost two-thirds of voters think we are heading in the wrong direction, while our government has “go

Global markets and the new illiberalism