Conservative politics, economic policy, and Brexit analysis by John Redwood
John Redwood: Rachel Reeves relaxed fiscal rules to enable more spending and borrowing
John Redwood argued that Rachel Reeves has relaxed fiscal rules to make it possible for the government to increase spending and borrowing. He also described John Healey as benefiting from these ...
Increase in tax revenue from Jackdaw field is offset by renewable power spending, John Redwood notes
The announcement of higher tax revenue from allowing the Jackdaw field has been more than offset by the Chancellor's decision to increase spending on renewable power grants. John Redwood stated ...
John Redwood: Bank of England questioned over response to inflation surge
John Redwood questioned the Bank of England's explanation for the ongoing inflation surge, noting that the situation involves more than just higher oil prices. He also criticized the central bank ...
Raising taxes again would harm the economy and family firms, John Redwood warns
John Redwood said further tax increases would hurt the economy and negatively affect family businesses. Redwood urged the Chancellor to prioritize economic growth as a way to increase revenue. He ...
John Redwood: Economic outcomes after U.K. Brexit vote differed from initial remain forecasts
Forecasts by remain supporters ahead of the U.K.'s Brexit referendum predicted higher unemployment, falling house and share prices, and a recession if the country chose to leave the European ...
British Steel cost taxpayers $671 million since 2025, John Redwood notes
British Steel has cost taxpayers $671 million since the government took control in 2025. John Redwood stated that there is still no business plan for British Steel, no timetable for investment ...
John Redwood: Chancellor urged to address rising government spending and impact of higher taxes
John Redwood questions when the Chancellor will get Mr Burnham to recognize that government spending is too high and increasing rapidly. He argues that it is not possible to resolve a third ...
Retailers warn higher property taxes could harm High Streets, John Redwood warns
John Redwood warns that leading retailers are concerned new commercial property taxes could further damage High Streets. He highlights that Mr Burnham's initiative to revive local shops relies on ...
John Redwood: UK 10 year bond yield rises to 5.48 percent, topping French rate
John Redwood highlights that the 10 year UK bond yield has reached 5.48 percent, which is more than 1 percent above the highest rate seen in 2022. He points out that this yield is significantly ...
Bank of England powers were reduced under Gordon Brown, John Redwood argues
John Redwood argues that Gordon Brown significantly reduced the powers of the Bank of England, claiming that calling it independence was misleading. According to Redwood, the Bank gave up issuing ...
John Redwood: National Insurance Fund surplus supports triple lock pension
John Redwood highlights that the Daily Telegraph is publishing his article on the increasing surplus within the National Insurance Fund, which is responsible for funding the triple lock pension. ...
Water industry nationalization would burden taxpayers with $104 billion investment, John Redwood warns
John Redwood highlights that the water industry is planning $104 billion in private sector investment between 2025 and 2030. He argues that if Mr Burnham nationalized the sector, these funds ...
John Redwood: 30-year UK bond yield hits new 6 percent high
John Redwood highlights that 30-year UK government bond yields have reached a new high of 6 percent, surpassing the previous one-day peak from 2022. He questions why government officials do not ...
Businesses have faced significant tax hikes in recent years, John Redwood notes
John Redwood calls for a clear pledge from the Labour conference to avoid further tax increases for businesses. Redwood highlights that major hikes in taxes on employment, business premises, and ...
John Redwood: Chancellor criticized for handling of inflation and public sector costs
John Redwood criticizes the Chancellor for a letter regarding the inflation rate, describing it as lacking in substance. Redwood highlights the omission of the significant increase in public ...
U.K. government borrowing rose £8.1 billion above expectations last month, John Redwood notes
John Redwood highlights that the U.K. government saw a surge in spending and borrowing last month. Borrowing was £8.1 billion higher than the Office for Budget Responsibility's forecast for this ...
John Redwood: National Insurance Fund projected to remain in surplus through 2030-2031
John Redwood reports that the Government Actuary forecasts a surplus for the National Insurance Fund each year up to 2030-2031, ensuring funds are available to pay the state retirement pension. ...
U.K. Chancellor faces £145 billion more spending and £97 billion more borrowing in 2027-8, John Redwood warns
John Redwood highlights concerns regarding U.K. fiscal plans. He notes that in the lead-up to the budget, the Chancellor should clarify that he inherits plans to spend £145 billion more and ...
John Redwood: U.K. government plans £275 billion borrowing with long-term interest charges
John Redwood highlights concerns over the U.K. government's borrowing strategy. He points out that the government intends to borrow £275 billion this year in new and replacement debt. Over a ...
Billionaire departure leaves UK with £330 million tax loss, John Redwood notes
John Redwood questions the financial implications of a billionaire leaving the UK, noting the reported loss of £330 million annually in tax revenue. He points out that government ministers often ...
John Redwood: Budget speculation may harm business investment and confidence
John Redwood criticizes ongoing speculation about potential tax increases in the lead-up to the budget. He argues that the last two pre-budget periods led to lower confidence, flight of ...
