A stamp duty holiday is a trap. The Treasury knows it
Every cut in the past twenty years has gone straight into prices. This one will too
4 min read
Opinion
A record fine for sewage is satisfying. It is not a plan
The money goes to the Treasury, the rivers get nothing, and the pipes are the same age they were on Thursday
4 min read
The tube strike is miserable. It is also how bargaining is supposed to work
Both sides say the gap has narrowed. That is what four days of pain buys
4 min read
AI trading firms will be judged by their losses, not their demos
The interesting number is never the one on the launch slide
4 min read
The Lords bill is a half-measure. Pass it anyway
A retirement age and the end of hereditary seats are not reform. They are the preconditions for it
4 min read
Edinburgh's festival cap is the first honest decision it has made in years
A city is not a venue. Someone finally said so
3 min read