The Chancellor, Rishi Sunak, delivered what must have been the most important speech of his life today with the nation, and much of Europe, now reaching crisis point.
Having unexpectedly stumbled into the job less than a month ago, he was always going to have his work cut out to deliver this. And that was before the Covid-19 spectre reared up.
Prime Minister Boris Johnson’s much talked about Cabinet reshuffle has arrived.
Today is one of the most important days for a prime minister. The power to appoint ministers, rewarding loyal or effective MPs and punishing disloyal or ineffective MPs, is a privilege exclusive to the PM. Reshuffles allow PMs to exercise their patronage.
With a significant Conservative majority, free marketeers can breathe a collective sigh of relief. But, far from taking a step back, business must become more engaged with government and much better at making the case for the contribution that business can make to society and the economy.
What next for the Conservatives in Government? Now the real contest for power and influence.
The Conservatives have a clear majority. But the struggle for power is not over. Factions within the party will now vie for control, to implement their version of conservatism.
What’s the likely impact on business and economy? Here we look at the two likely factions and what to look out for over the next few days.
At the end of January, the United Kingdom will leave the European Union. When she does so, Dominic Cummings – the most powerful political advisor in a generation – will achieve his life’s purpose and political ambition. According to insiders, his departure from politics will shortly follow.
Two powerful factions are in fierce competition to become the dominant political force upon his departure. The result of this internal power struggle will have a far greater impact on business and the economy than the pantomime of the General Election.
Read More “When two tribes go to war. Now the contest for power begins.”
British politics moves at remarkable speed. With the results of the election hot off the press, Boris will be expected to fully constitute his Government in the coming days.
The Conservatives pledge to ‘get Brexit done’ (you may have heard about this) and the imminent return of MPs to Parliament, further heightens the urgency.
Read More “The early indicators: five things to look out for as the new Government beds in”
“Weak Links?”
In 1973 Stanford Professor Mark Granovetter’s “the strength of weak ties” argued that weak links, between people with different opinions, help new and unfamiliar ideas spread.
Read More “Weak Links #5: digital campaigning, immigration, neoliberalism, business indices”
Sam Dumitriu, research director, The Entrepreneurs Network
One silver lining to Brexit for sceptical liberals like myself is that it’s an opportunity to have a more nuanced and intelligent debate on immigration. Wishful thinking? Perhaps, but since the referendum attitudes have shifted. Both Remainers and Leavers are more positive about the effect of migration on the UK.
Progress in the immigration debate depends on the public having access to all of the facts. But we at The Entrepreneurs Network noticed there was a gap in the debate. Too often the media focused on whether or not migrant workers took jobs or drove down wages. They neglected the job-creating impact of immigrant entrepreneurs entirely.
Read More “Job creators: the immigrant founders of Britain’s fastest growing businesses”
By Morgan Schondelmeier, head of development, Adam Smith Institute
A few years ago, the Adam Smith Institute – an economic policy think tank in Westminster – decided to adopt the moniker ‘Neoliberal’. Derided by some as emblematic of a corrupt, greedy, and destructive world order, ‘neoliberal’ has for many years been a term of disdain used by the left to describe those with whom they disagree. By reclaiming the term, proponents of neoliberalism feel able to change the narrative back to the principles which define our views; freedom, liberty, security, and compassion.
By Guy Corbet, Fourteen Forty
Just when you think there isn’t room in the world for another business index, the very smart people at communications agency Portland have created the Total Value Index.
It compares the contribution that individual British businesses (and sectors) make to our world, based on their simple proposition that “value = profit + purpose”.
