Jeremy Warner

First comes price controls, then comes rationing. The latter follows logically from the former, either via market mechanisms or government diktat

Even Wes Streeting, supposedly a Blairite, has promised a wealth tax - Brook Mitchell/AFP via Getty Images

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Judging by Wall Street’s performance, you’d expect the US and wider world economies to be booming. But beneath the surface, all is not as it should be.

Judging by Wall Street’s performance, you’d expect the US and wider world economies to be booming. But beneath the surface, all is not as it should be.

Will anyone still be talking about Iran in a year's time? For the moment, the Gulf war continues to dominate the headlines.

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Few observations more succinctly sum up the main pathology at its heart of today's political economy than that of Pat McFadden, the Work and Pensions Secretary.

The welfare system was essentially already broken by the time Sir Keir and Rachel Reeves came to power - Kin Cheung/AFP via Getty Images

The fault lies not in Brexit itself, but in the reluctance of policymakers to seize the economic opportunities it presents.