Cutting VAT is a classic case of shutting the stable door, when the horse has already galloped a couple of furlongs down the road.

The idea that, in the age of Google, Facebook and the internet, government can control the 'commanding heights' of the economy is one of the great delusions of our age. Modern techonology, social media, the explosion of online retail, among many other things, have meant that governments have less and less control.

We are often told that capitalism is in crisis, but look around the world and you’ll see that it has never been so buoyant.

Kwasi Kwarteng Quotes