Profit and loss

Three accounts of modern liberalism

Donald Trump describes the enemy as “global financial powers”. For Hungary’s Viktor Orbán, they’re “international speculators” with hidden faces. For Matthew Goodwin, national populism’s chief British

“Politicians always seem to assume that the British public isn’t willing to pay more tax in return for better public services,” says Vince Cable. “I’m not entirely sure that’s true.” The former Lib De

Pick of the week’s correspondence

When Donald Trump took the oath of office for the second time in January 2025, he was surrounded not just by politicians and dignitaries, but by the CEOs of six of the world’s most visible technology

A spectre is haunting Keir Starmer’s Labour. Just as the prime minister and his chief of staff, Morgan McSweeney, thought they had banished the ghost of Corbynism, a new wave of “left populism” has st