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These are not smart taxes in a service economy that desperately needs to increase productivity. We need a tax policy that encourages people to work longer hours, in the highest-paying, private sector jobs they can find. We need a tax policy that encourages money to move from unproductive assets to more productive investments, which hopefully make a profit and pay dividends. We need a tax policy that enables small and medium-sized businesses to continue to operate, employ people and pay taxes. We need a tax policy that encourages the global wealthy to live in the UK and spend their money here.
Worst still, besides risking the bulk of UK taxes by discouraging businesses and driving the rich out of the country, these tax increases still aren’t enough to pay for the Government’s additional spending. Which brings us back to the opening paragraph of this essay: A doom loop occurs when government policy reduces economic activity by over-taxing it, over-regulating it, or allowing unconnected third parties to stifle it with litigation. Lower economic activity lowers tax revenue, which in turn causes a debt spiral if the government can’t or won’t cut spending, which leads to increased debt and higher debt costs. In the 2024/25 financial year, the UK public sector net debt was £2.8 trillion, equivalent to 95.1% of GDP. Public sector net borrowing was £151.9 billion in 2024/25, £20.7 billion higher than the previous year and equal to 5.3% of GDP, up from 4.8% in the financial year 2023/24.
– Catherine McBride
“Mr. Merz is doing what no one else in the top ranks of Western politics seems willing to do, which is broach the fundamental dilemma of the modern West. Nations have built welfare and entitlement states that are so large they have outstripped the ability of slow-growing economies to pay for them. Yet because the entitlement cushion is so broad and reaches deep into the middle class, it has become nearly impossible to reform.
This is true among conventional politicians of the left and right. But it’s also true of the supposed radicals of the populist right. From Marine Le Pen in France to the U.K.’s Nigel Farage, the AfD in Germany and Donald Trump, the populists dodge difficult reforms of the broken welfare state.”
– Wall Street Journal ($) editorial, reflecting on the recent statements on the German welfare state by the country’s Chancellor, Friedrich Merz.
What began as scattered acts of defiance has blossomed into a nationwide movement: St George’s Crosses and Union Jacks hoisted on lampposts, motorway bridges, and public spaces from Birmingham’s Shard End to Tower Hamlets in east London, Southampton to Brighton, and even Cannock. Roundabouts painted red and white, zebra crossings marked with the cross, symbols of England asserting themselves in the urban landscape. Last night I cycled through London’s Labour stronghold of Lambeth, and road markings have been transformed with the St George’s Cross, a quiet but bold reclamation in one of London’s most diverse boroughs. Dubbed “Operation Raise the Colours” by organisers (though it is hard to describe the phenomenon as organised), it has seen thousands of flags raised, with fundraising efforts like Birmingham’s £16,000 drive sustaining the effort. I support this gentle uprising, for it breathes life into symbols long marginalised.
– Gawain Towler
“Middle Class Britain is bulking with aging radicals who are desperate to relive the heady days of their youths protesting the Vietnam War or patriarchy or capitalism. They possess an abundance of the resources necessary for the life of demonstrating — spare time, spare cash and, having left the job market, a willingness to acquire a criminal record.”
– Adrian Wooldridge
There’s the point made a few years ago by P J O’Rourke that there is a reason why centre-right folk tend to avoid demonstrations – they’ve got jobs to do and they are intelligent enough to be able to sign a petition, write to their MP, and considerate enough – mostly – to avoid irritating ordinary folk going about their business. There are a few exceptions if the cause is seen as big enough. In my lifetime, I recall that exception to the rule: the Countryside Alliance one in the Blair years, where the ostensible cause was to protect the hunting of foxes with hounds (you can still shoot them with a rifle, by the way). And the rural angle returned when farmers recently drove their tractors into Whitehall to protest against inheritance tax on their businesses. But the vast majority of demos are for banning things like fossil fuels, and supporting enemies of Israel. (I haven’t come across many demos about Russia’s invasion of Ukraine lately.)
“Climate policy has been steered into a political cul-de-sac by bad science and bad policy. The bad science can be found in the UN-FCCC’s definition of climate change that is at odds with the scientifically-accurate definition of climate change of the IPCC. The bad policy results from the use of global average temperatures as a proxy for human flourishing, making cost-benefit analyses seem unnecessary or even unhelpful to the political cause.”
– Roger Pielke Jnr.
The Islamophilia of King Charles is fast becoming all of our problem.
– Tim Black
“Markets are not efficient because we assume they are; they become efficient through a discovery process in which profit and loss guide innovation, reduce inefficiency and generate wealth. This process is what makes markets a better alternative to the state. Implicitly, these critics assume the state can correct market imperfections – ignoring that it suffers from its own limits of knowledge and benevolence. If they judged the state by the same standard they apply to markets, the picture would change: both have flaws, but only one has a built-in mechanism for improvement.”
– Mani Basharzad, writing at CapX on the often dire predictions economists have made, such as their mockery of Argentina’s reforms, or the old claims from the early 1980s that the Thatcher policy mix could not work.
The author of this article has good things to say about the limitations of the neoclassical school in economics, and the failure to understand that competition is a discovery process. Entrepreneurs make money precisely by acting on the basis of incomplete data and in the hope they get things more right than wrong. And when they succeed, or indeed fail, it generates new knowledge. One of the problems for a centrally planned economy is that in epistemological terms, it is barren. A point for those who see AI as creating some sort of fix for socialism to bear in mind.
It comes after Mrs Badenoch wrote in The Telegraph that Sir Keir Starmer and Rachel Reeves were making “even bigger mistakes” than Ms Truss and had not learnt the lessons of her mini-budget.
Responding, Ms Truss says: “It is disappointing that instead of serious thinking like this, Kemi Badenoch is instead repeating spurious narratives. I suspect she is doing this to divert from the real failures of 14 years of Conservative government in which her supporters are particularly implicated. It was a fatal mistake not to repeal Labour legislation like the Human Rights Act because the modernisers wanted to be the ‘heirs to Blair’. Huge damage was done to our liberties through draconian lockdowns and enforcement championed by Michael Gove and Dominic Cummings.”
– Liz Truss as quoted in an article by Daniel Martin (£)
My drug of choice, however, is X—though using it doesn’t really feel like much of a choice. I’m the editor of a daily politics-focused newsletter, where my duty is to provide readers with a more or less comprehensive digest of everything they need to know from the day’s news. On a normal day, the first thing I do when I wake up in the morning is check X. The last thing I do before going to bed is check X. I browse X while I sip my morning coffee. Throughout the day, I take breaks from writing to see if anything new has hit X that I might need to incorporate into my writing. After I’m done for the day, I keep monitoring X throughout the evening to get ahead of the next day’s stories. When I try to ignore X and source my writing from the “mainstream” press, I inevitably find that The New York Times or The Wall Street Journal has omitted some critical piece of context without which it is impossible to truly understand the story. If I take too much time away from X—on weekends, for instance—I inevitably find I lose the thread of the news, and have to work doubly hard on Monday to catch up.
– Park MacDougald (£) in an article about actual drugs of the performance enhancing kind.
War Footing Latest, against you that is, not the Russians
– Think Defence
But here’s the rank hypocrisy that makes Kyle’s bile choke in his own throat: if anyone’s “on the side of predators,” it’s Labour’s sordid history with child protection scandals. For years, Labour councils and figures turned a blind eye to grooming gangs terrorising vulnerable girls in Rotherham, Rochdale, and beyond, all to avoid “racism” accusations. Starmer, as DPP from 2008-2013, oversaw the CPS dropping Savile investigations despite evidence. Labour MPs voted against Tory and Reform calls for a grooming gangs inquiry in January 2025, only U-turning in June after relentless pressure. Reeves defended the delay as Starmer “assuring himself”, code for political cowardice. These are the types who opposed national accountability for decades of cover-ups, letting predators roam free. Kyle’s party fought tooth and nail against exposing the truth, yet he dares sling Savile slurs at Farage? It’s spectacular hypocrisy, a deflection from Labour’s own filthy laundry.
And what of Kyle himself? This isn’t a man driven by pure principle. Peek at his financial backers, and the picture muddies. Kyle’s register shows donations from the Tony Blair Institute (£1,694 in 2023), that globalist echo chamber pushing tech regulation and surveillance agendas. He’s pocketed from unions like CWU, and Labour MPs, including Kyle, have raked in over £280,000 from the Israel lobby for trips and perks. Big Pharma and US healthcare lobbyists have chipped in too, via the Blair outfit. Most seriously In February, his department gave a £2.3 million contract to Faculty AI, a company that had donated £36,000 to him in May 2024. Worse still is the case of Emily Middleton, formerly an employee of Public Digital, who was seconded to his office alongside a £66k donation who has been appointed a Director General in his department (via @StarkNakedBrief)
– Gawain Towler
The free and open internet has now ceased to exist in the UK. Since Friday, anyone in Britain logging on to social media will have been presented with a censored, restricted version – a ‘safe’ internet, to borrow the UK government’s language. Vast swathes of even anodyne posts are now blocked for the overwhelming majority of users.
The Online Safety Act was passed by the last Conservative government and backed enthusiastically by Labour. Both parties insisted it is necessary to protect children. Supposedly, its aim is to shield them from pornography, violence, terrorist material and content promoting self-harm. Age-verification checks, we were assured, would ensure that children would not be exposed to inappropriate content, but adults could continue using the internet as they please. Yet as we have seen over the past few days, on many major tech platforms, UK-based adults are being treated as children by default, with supposedly ‘sensitive’ content filtered from everyone’s view.
– Fraser Myers
Police state Britain needs nothing less than a revolution.
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Who Are We? The Samizdata people are a bunch of sinister and heavily armed globalist illuminati who seek to infect the entire world with the values of personal liberty and several property. Amongst our many crimes is a sense of humour and the intermittent use of British spelling.
We are also a varied group made up of social individualists, classical liberals, whigs, libertarians, extropians, futurists, ‘Porcupines’, Karl Popper fetishists, recovering neo-conservatives, crazed Ayn Rand worshipers, over-caffeinated Virginia Postrel devotees, witty Frédéric Bastiat wannabes, cypherpunks, minarchists, kritarchists and wild-eyed anarcho-capitalists from Britain, North America, Australia and Europe.
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