It’s interesting to see all the ‘what a year!!’ celebratory posts across my social feeds at the end of a challenging 2022.
As I enter my 48th year, I too reflect on a year to be proud of, but without being too gushing about how ‘great’ it was. That’s because, in many ways, it wasn’t. It’s ulimately been a good year, but parts of it came at some personal cost. I wouldn’t be true to myself if I suggested otherwise.
I’ve returned to conversations I had this time last year, feeling ground down by perma-crises that affected all of us. Whilst the initial panic of COVID subsided, we had no sense of what was coming in 2022. Having set up Distinctive in June, two Prime Ministers and six fiscal events later, it’s a wonder I’ve found time to write any blogs.
While I haven’t completed as many as I wanted to, those I published performed better than in 2021. They also helped me process events happening around me.
If anyone who stopped to read or share them found them useful too, that’s a bonus.
Here are the three posts that had the most views in 2022.
Continue reading “My three most read blogs of 2022”
Just when we thought things couldn’t get any stranger…
Friday’s heavily trailed fiscal event contained few surprises for anyone following the news. But it was no less mind-bending for that.
Here was a ‘small-state’ government setting out its most statist programme for borrowing and spending yet. Their supporters would ridicule Labour opponents for suggesting an intervention this big.
At the same time, they unveiled the largest tax cutting programme in 50 years – bigger than Nigel Lawson’s 1988 budget that many still speak about.
The £60bn measures to fix energy prices for homes and businesses had to happen, it’s true.
Other details in the government’s Growth Plan – tax cuts making up £45bn of a £234bn debt financing requirement – sharpen one’s focus on the cost. That’s if you can stop your eyes watering at the size of the numbers.
Meanwhile, markets watched askance as the pound fell to $1.08 against the dollar.
Many commentators pointed to the regressive nature of the tax cuts, which unquestionably favour wealthy people. Others have made this point already, and I’ll touch on it later in this post.
Having followed many statements on growth and helped to promote them when working for a government body, I’m struck by the ‘throw everything at it’ spirit of this one. The pace of change it sets is extraordinary.
The Resolution Foundation’s Torsten Bell explained how unusual this approach is yesterday.
As always, there is much to debate, and people will pour over the detail. Having read the plan, here are five points I thought would interest those striving for better businesses and places.
Continue reading “Five place points from the Growth Plan”