

It spoke volumes of her promised fiscal approach ‘on becoming’ PM that Liz Truss cited Professor Patrick Minford as an ‘endorser’. Then, in light of revelations of just how far off-grid his eccentric views can be, team Truss distanced themselves from Minford. Bear in...
Tory leadership special: In Liz none can trust

Britain has fallen out of love with its housing market
Originally published April 2022. Long-held assumptions about rising house prices are being shattered by the affordability crisis. When Nigel Lawson described the NHS as “the closest thing the English people have to a religion”, his party was in the process of...
Britain has fallen out of love with its housing market

This bear market has left the FTSE 250 CAPE below fair value
Investors as a group are as pessimistic and afraid as they’ve been for a long time. Many investors are willing to sell at almost any price to escape these negative feelings, and that has pushed the FTSE 250 down more than 20% (the standard definition of a bear...
This bear market has left the FTSE 250 CAPE below fair value

Creating a buildings emergency
Originally published June 2022. The UK’s commitment to deliver net zero by 2050 risks more than a cost of living and energy crisis. By 1 April 2027, it will be illegal to lease a commercial property with an Energy Performance Certificate (EPC) rating below C. By 1...
Creating a buildings emergency

Letter from Berlin: Berlin’s great white elephant
Originally published July 2022. Just after the fall of the Berlin Wall, I moved to the city for what proved an intense and life-changing experience. Last week I travelled there for the first time since Covid, starting and ending in the recently opened BER airport, the...
Letter from Berlin: Berlin’s great white elephant