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.

Conservatives should never be shy in promoting a strong case for individual enterprise. We should acknowledge where the system doesn’t work, and seek to amend it.

Clearly, for capitalism to work properly we must expect some upward normalisation of interest rates at some future point, to provide greater incentive for savers to save and investors to invest.

Kwasi Kwarteng Quotes