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Uncertainty, cost and noise undermine the case for a new runway at Heathrow

The Airports Commission reported in July, with a clear recommendation to build a new runway and terminal at Heathrow. It relied heavily on an elaborate modelling exercise that calculated costs and benefits for the next 50 years. Little weight should be attached to these calculations. And more consideration should be given to the Gatwick proposal.

The case for a new runway at Heathrow is overstated, Prime Minister

If the capital costs of Heathrow expansion could be substantially reduced and its actual financing costs were also trimmed, that project would merit further consideration. Otherwise, a second runway at Gatwick appears simpler, cheaper, less risky and less politically unpalatable.

Lower business rates would benefit property owners not retailers

Retailers have recently complained about the level of business rates. However, were this property tax is reduced their joy will be short lived. Business rates are both a tax on land and a tax on structures, and in the longer term all we would see is higher property values and rents, especially in prime locations.

Rail privatisation has delivered improvements through accountability and autonomy

Both the leading candidates for the leadership of Britain’s opposition Labour party have now committed themselves to renationalising the country’s railways. But the state-owned British Rail was one if the most reviled institutions in the UK, and privatisation has delivered many relative benefits.

It sometimes makes sense to fix the market rather than its results

The 2015 election was an almost unmitigated disaster for the UK Labour party. Yet there was one significant success — an intellectual one. It’s called “predistribution”. And it has already been put to use by the new Conservative administration with a 40% increase in the minimum wage.

The best answer to the West Lothian question is to ignore it

The logic of English votes for English laws is irresistible. But the core issue is that it is genuinely difficult to identify purely English matters in a United Kingdom of which England constitutes 85 per cent of the population.

HS2 is yet another politically-driven project in search of a rationale

Projects acquire political momentum of their own. The original rationale is forgotten, if indeed it ever existed. And so it has been with HS2, the project to build a high-speed rail link from London to Birmingham and then to the north of England.

To keep the UK united we need a coherent vision of the union and its advantages

The Conservative prime minister is making the same mistake as Lord Robertson did in 1995 with plans to make Scotland “the strongest devolved government anywhere in the world”. The concept of the union is gradually being drained of any content.

Labour Party’s economic rethink should focus on good corporations

The UK’s Labour Party failed to provide a convincing economic narrative and duly lost the 2015 general election. In future it would do well to recognise the role it can play in promoting good corporations; reestablishing the political and social legitimacy of the market economy.

The next UK government must stop being a housing market spectator

British housing policy is a tale of disaster. It’s time to use the sector as an instrument of counter-cyclical policy rather than allow it to be a prime source of instability.