The biggest item of note in Andy Burnham’s recent devolution speech was his commitment to ‘the biggest council house building programme since the post-war period’. It is estimated such construction will cost the taxpayer up to £13bn a year. This is merely the tip of the iceberg, however. Research released by the Centre for Policy Studies shows the state is already implicitly subsidising social housing rent to the tune of £43bn every year and paying out £36bn in housing benefi

Russia’s Central Bank raised its key interest rate to a two-decade high of 21% in late 2024 after a surge in inflation. Since then, it has pursued a policy of monetary easing, with the cut from 14.5% to 14.25% on 19th June marking the ninth consecutive cut. This has surprised some analysts, who were expecting a 50-basis-point cut. More broadly, it reflects the cautious approach that Elvira Nabiullina, Governor of the Central Bank of Russia, has taken toward the economy, with

In the last week Andy Burnham, who stands at the precipice of becoming Britain’s next Prime Minister, seemingly ruled out an early general election. Whilst politicians ruling things out certainly doesn’t mean that they are ruled out, it does mean it is not ruled in. A general election is not part of Burnham’s short-term plan. The question remains however, is it part of Burnham’s plan in the medium-term, and should it be. Whilst the answer to the former is one that only Burnha

So here we are. Another new Prime Minister apparent, another undemocratic process in which a political party decides – as an internal matter – the appointee to the country’s top official political position. It is another reminder of the real workings of the UK’s parliamentary electoral system. The seats in parliament which give Labour its big legislative majority were decided in 2024 and it is within this latest 2024 settlement of the political forces in Westminster that a n

The Nazi Party came to power in 1933 in a Germany devastated by the Treaty of Versailles and Great Depression, and paralysed by a huge unemployment crisis of over 6 million. Six years later it was arguably the greatest power in Europe, tearing across the continent in relentless pursuit of ‘Lebensraum’. What happened in between might therefore be chalked up to nothing less than an economic miracle. It was not. When defining economic success on the regime’s own terms, namely au

Political satire is not hard to come by. A recent example of it, however, on the Green Party’s official Facebook Page, may have cheapened this already-common currency. It’s form was simple and standard enough as memes goes. An animated character is shown faced with a choice between two buttons, the look on their face betraying the difficulty they feel in deciding – the joke being that the choice is meant to be painfully obvious. The subject of the Green Party’s ire in this

Whether taking in the news, one’s social media feed, using a software or just holding a conversation, artificial intelligence is now nigh on inescapable. At a social event I recently attended, someone even casually offered me use of their Meta Glasses, its integrated AI feature able to translate the foreign language being spoken at the event. Like most people in the UK, I am suspicious of the promises of AI, particularly of the large US firms driving the so-called AI bubble

“We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.” – Roy Amara, Stanford computer scientist. Dotcom, housing, crypto, and now, AI. The Fastest Scaling in History An asset bubble is a period where the price of an asset skyrockets beyond its intrinsic value before violently crashing. They have plagued economies for centuries. The artificial intelligence industry has experienced what is considered the fastest techn

France held its first Africa-France summit in an anglophone African capital on 11 and 12 May, gathering more than thirty heads of state at the Kenyatta International Convention Centre in Nairobi. Emmanuel Macron and William Ruto co-chaired the Africa Forward Summit, which closed with the eleven-point Nairobi Declaration and €23 billion in pledged investment across energy, agriculture, artificial intelligence and digital infrastructure. Paris presented the venue and the figure

Despite not having won Best Picture or Best Director at the 2026 Oscars, I have no doubts that Ryan Coogler’s Sinners will stand the test of time as one of the greatest cinematic achievements of the 21st Century. In a media landscape saturated with franchises, reboots, and sequels, Coogler’s original genre-bending film about a black community in the Jim Crow south, who find their newly-established juke joint and promise of emancipation devoured by undead vampires, is both inc

At a news conference regarding agricultural policy on the 12th of August 1986, Ronald Reagan delivered one of his most recognisable quips satirising the organisation he had been elected to lead two years prior: “I think you all know that I've always felt the nine most terrifying words in the English language are: I'm from the Government, and I'm here to help”. Given the enduring appeal of this line for so-called libertarians and free-marketeers, the words that followed Reagan

Scotland votes in the nationalists for a fifth straight time, but nobody seems too happy about it. A pro-independence majority, made up of the SNP and the Scottish Greens, looks increasingly like a majority of arithmetic over conviction. The SNP didn’t win this, the other parties simply failed to capture the imagination of the country. The Tories’ vote collapsed into Reform, Scottish Labour was weighed down by its incredibly unpopular Westminster government, and the Greens ho

The UK awoke this week to news stories of demonstrations and agitation in the capital alongside a review of the overrunning and overspending on the HS2 rail project. These seemingly disparate stories tell another story, however, when linked together. In part, the reason we have creaking sclerotic bureaucracy capable of blowing £100bn on – well, it is hard to say what exactly is being delivered in return – is the same reason extremist groups are able to galvanise large number

As of the 1st July 2026, we will see a reduction in the amount of steel that can be imported before tariffs are applied, additional quotas being introduced on imported steel products that are also manufactured domestically (where they previously have not been in place), and an increase in tariff rates for those imports in-excess of quotas. These new steel trade measures, inter alia increasing the tariff rate to 50% on products that go beyond our import quota, might sound lik

If entertainment podcasts were to compete for the most mentions of “private equity”, Richard Osman and Marina Hyde’s The Rest is Entertainment would be the uncontested victor. Ostensibly a show about “what’s hot” in entertainment, it seems almost every week the hosts cannot help but launch into a discussion of the financial and political movements lurking beneath the surface. But why is a podcast about entertainment constantly talking about tax regimes and antitrust laws? Th

The recent mainstreaming of wealth taxes as a political tendency in the UK has demonstrated an appetite for solutions to inequality. Although there have been successful debates, won with logic as much as rhetoric, a tangible wealth tax policy is still in its infancy. The Green Party, the main policy vehicle for the Wealth Tax, is seeking between 1% and 2% of tax on assets held over £10 million per annum. Yet who exactly pays, and how they pay, remain unanswered questions. W

September of last year marked Zack Polanski’s irruption into the highest echelon of British politics. The Green’s new leader, imbued with the gifts of personality, pitch and popularity, bestowed upon the party an attribute they had yet to enjoy – a brand. Polanski has swiftly turned himself into the Greens’ main asset; sharper than his predecessors, more media-savvy, more combative and far less embarrassed by the prospect of harnessing populism for his party’s good. Polanski,

Every Thursday, I embark on a cross-London journey from South West to North West London, for a jazz choir that I love being a part of. All members are older than me, with the second youngest member of the group being our thirty-something Musical Director, a music teacher at a special needs primary school. Being the choir baby has its perks, but London’s youth at large are restless. We make up 53% of London, but London doesn’t work for us . Radical political change is unavoid

In recent weeks, eyes and ears have been focusing on the Middle East. Starmer’s hesitancy to go in behind the Americans and Israelis with all guns blazing has gone down well with the public, and his opposition to the right of him have taken a real misstep. It is a safe bet to assume that he will see a small rise in his favourability ratings in the coming weeks. However, Starmer would be foolish to think that this uptick will steady the ship. Whilst this has all been going on

“I’m not going to start a war. I’m going to stop wars.” These were the words of Donald Trump, the self-described “President of Peace”, as he railed against America’s interventions in foreign lands instead of “fixing the roads in this country…fixing our highways, our tunnels, our bridges, our hospitals.” America First! He promised his voters, vowing to improve the lives of ordinary Americans above all else. And yet, barely a year into his second presidency, a combination of T