By Patrick Spencer, Head of Work and Welfare Unit at the Centre for Social Justice
In his Budget, the chancellor Philip Hammond announced forecasts from the Office for Budget Responsibility (OBR) that the British economy will grow by 1.4 per cent in 2018, below previous forecasts of a 1.6 per cent expansion.
The reason? “Regrettably, our productivity performance continues to disappoint,” said Philip Hammond.
Read More “We can solve the productivity puzzle by investing in people”
The printing press dates back to 1440. Before that hand-written manuscripts were only for the privileged few.
The press did more than make mass communications possible. It was one of the foundations of modern democracy. The press enabled people to share what they knew and discovered, to build on each other’s work. They didn’t have to start from scratch each time.
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The big bad wolf is the archetypal menacing predator. Preying on the weak and vulnerable, he has few, if any, redeeming features. For many, this is how they see big business. Recent research by the Legatum Institute showed that the British public holds an unfavourable view of ‘capitalism’ as a concept, viewing it as ‘greedy’, ‘selfish’ and ‘corrupt’. A vast majority, according to the research, would like to see many industries, and the big businesses within them, nationalised.
Read More “Is big business really the big bad wolf?”