Review Net Zero interventions, cut immigration; freeze Civil Service recruitment, reduce railway subsidies – and tell the Bank of England to stop selling bonds at a loss.
Ministers would need to honestly confront why we are so reliant on immigrant labour and then start implementing policies to cut that dependency – not at some point in the future, but now.
“We must not fall into this trap: the trap of pushing policies which seem to be politically possible but which we know won’t actually solve the country’s problems.”
The enthusiasm of some of my colleagues for ever greater state involvement in crucial industries is a gift to Labour.
Why not conceive of the state as essentially a regulator and provider of services, dressed up in such odds and ends of holy writ as pass the smell test – one tax base under the NHS and the Equality Act?
Left-wing governments’ response to the financial crisis ignored economic reality and condemned our country to a decade of misery.
From Margaret Thatcher and Ronald Reagan to Friedrich Hayek and Adam Smith, the wisest economic liberals have always been pragmatic about international competition.
The changing global landscape should refocus our policy on the factors that are need to improve the investment outlook – such as sound macro polices and the level, predictability and simplicity of tax.
The Government needs to cut taxes and do more to support domestic producers, not strangle the economy to master inflation.
In terms of fiscal policy, if the wider economic picture does not allow the debt to GDP ratio to fall, then the focus of the markets will be on the need to keep the public finances in shape.
“I’m a low-tax conservative”, the Prime Minister says in response to a question from one of our readers.
He was the most formidable Chancellor of the Twentieth Century and a titan of the modern Conservative Party – voting for Sunak and endorsing his approach in last summer’s Tory leadership election.,
Ministers must make a priority of controlling our borders and stimulating growth with a tax-cutting, pro-enterprise agenda.
Were Reeves to return to the UK without answers it would leave her open to accusation of engaging in a long-distance publicity stunt.