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Tag Archives: Prosperity

PM’s statement on Sri Lanka calls for Independent Inquiry


Yesterday, the Prime Minister made a statement to the House of Commons on his recent attendance at the Commonwealth Heads of Government Meeting in Sri Lanka. He took the opportunity to reiterate why he felt it was right to attend the Commonwealth meeting and to better understand the situation of the Sri Lankan people. He formally repeated his calls for the Government of Sri Lanka to set up an independent inquiry into alleged war crimes during the final stages of […]

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What makes us prosperous? The 2013 Prosperity Index supplies a survey


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This morning, after spotting Allister Heath’s boldly optimistic article for the Telegraph, I chaired the Parliamentary launch of the 2013 Legatum Prosperity Index. It’s not enough to consider quality of life by material things alone: Gross Domestic Product neglects great swathes of factors which make life worth living. As the Legatum Institute explains: Traditionally, a nation’s prosperity has been based solely on macroeconomic indicators such as a country’s income, represented either by GDP or by average income per person (GDP […]

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Draft Deregulation Bill to save millions each year


The Government recently published its draft Deregulation Bill to remove unnecessary bureaucracy. It will amend 182 different pieces of legislation and should make savings for public bodies, businesses and individuals worth a minimum of £62 million per year. This is paltry compared to the £4 billion budget of relevant regulators, but I suppose it is better than progress in the other direction. The Bill will: Free business from red tape, including by: Scrapping health & safety rules for self-employed workers in low […]

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Unemployment down nationally, regionally, and locally


Unemployment in the UK is down by 57,000. It is lower than in May 2010. Unemployment in Buckinghamshire is down – falling by 404 in June to stand at 5,437. It’s now at its lowest level since December 2008. Unemployment in Wycombe is down by 194 from June 2012 and stands at 2,268, which almost a 10% annual decrease. The number of people claiming out of work benefits is lower than at the general election and there are over half a […]

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Book review – Heavens on Earth, How to create mass prosperity by J P Floru


In the midst of the row about welfare reform, I finished J P Floru’s excellent new book, Heavens on Earth: How To Create Mass Prosperity. JP surveys the salient history of eight relevant countries: the USA, Germany, the UK, Hong Kong, China, Chile, New Zealand and Singapore. In every case, people were lifted out of poverty by wealth creation through free enterprise. Mass prosperity was not created by the equal sharing of misery, by redistributing what others had, but by […]

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Introducing WycombeFirst – “Industry enriches”


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Today, I’m launching WycombeFirst: WycombeFirst is an initiative to promote Wycombe businesses. We know that industry – productive work in the service of others – helps individuals to flourish, builds up society and creates a prosperous future. Each week, WycombeFirst will showcase local businesses in different sectors. We’re proud of Wycombe’s entrepreneurs and workforce – we believe you’ll see why. Find out more here: Why WycombeFirst?

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Anti-cronyism humour – the TARP song (2009)


The TARP song, which shows people can find a way to laugh at most things (contains moderate bad language): TARP is the Troubled Asset Relief Program, a massive bailout in the USA. In a similar vein, The Spectator recently reported a truth about current monetary policy: QE — the ultimate subsidy for the rich. All this is something I have written and spoken about many times — e.g. If this is capitalism, I am not a capitalist. Crony capitalism must […]

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Luigi Zingales – Capitalism for the People: Recapturing the Lost Genius of American Prosperity


This morning, I had breakfast with the engaging and insightful Luigi Zingales, Professor of Entrepreneurship and Finance at Chicago Booth and author of Capitalism for the People: Recapturing the Lost Genius of American Prosperity. Via Amazon: A rising star in economics takes a forceful and sometimes personal look at how pro-business forces overwhelmed the pro-market principles that made American capitalism great, and how to get it back on track. Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand […]

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The CPS demonstrates smaller government is better for society


Via the CPS, a report and video, explaining that small (though not that small) government is better for society: Tim Knox, Director of the Centre for Policy Studies, commented: This paper shows that smaller government results in higher growth – making a mockery of the current austerity vs. growth division. This should give our politicians confidence to pursue a smaller state to achieve long-term, lasting prosperity. There is extensive evidence both in this report and from the 2020 Tax Commission, […]

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The UK’s commitment on clean water for the world’s poorest


The UK Government announced at the landmark Sanitation and Water for All meeting in Washington DC that they are doubling the UK’s commitment on clean water and sanitation, made last year. The meeting indicated that 167 children die every hour from diarrhoea, the vast majority of which is due to a lack of access to safe water and sanitation: that is a scandalous tragedy in the 21st century. Over the lifetime of this Parliament, British taxpayers will support more than […]

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