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Total government spending was only 39.5pc of GDP that year. It was perhaps understandable that it spiked up to 53pc in the Covid-affected year. But what is much less excusable is that spending did not return anywhere near its pre-Covid level after the pandemic ended, is scheduled to be over 46pc of GDP this year, and even at the outer horizon of government spending forecasts (if one believes them) is scheduled to be well over 43pc still, in 2027-28.Hunt and Sunak pitch themselves as the grown-up, responsible folk, focused on fiscal...

Thanks for joining me. Three quarters of factory chiefs have said that incentives offered in the US, EU and other countries have made them questions whether investments in Britain are worth it.Joe Biden has poured billions into subsidies for green investments as part of his controversial Inflation Reduction Act, while the EU has pledged to spend €50bn a year on its green transition.5 things to start your day 1) City backs Labour as Mark Carney claims Truss turned Britain ‘into Argentina’ | Survey results show Keir Starmer’s efforts to woo business...