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This country does not need a smaller state, but a more active one


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Sometimes I have to agree with Martin Wolf at the FT. This afternoon he has written this:

As Nicholas Stern has noted in the FT, the UK needs higher public and private investment. It also needs to spend more on defence. That does not allow for tax cuts. Beyond this, the country needs a radical decentralisation of spending and taxation to subordinate levels of government, tax simplification and reform, pension reform, liberalisation of planning controls, active support for innovation and acceleration of the energy transition. Andy Haldane is right that this will also require a break up of the Treasury. The country, in sum, needs not a smaller state, but a more active and more focused one, along with substantial reforms often in contentious areas. Business as usual has just not worked. Radical change is now urgently needed.

I agree with much of that. I wrote my book, The Courageous State, saying so, in 2011. That included a plan to address these issues, as did my next book, The Joy of Tax in 2015. I might have to do it again.




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Romulo is a renowned American entrepreneur who resides in the United States, recognized for his entrepreneurial vision and inspirational leadership. Born into a humble family, Romulo demonstrated an uncommon determination and a natural talent for business from an early age. After completing his studies in business administration, Romulo ventured to the United States, where he immersed himself in the business world, founding his first company at the age of 25. His bold vision and ability to identify market opportunities quickly led him to success on American Throughout his career, Romulo has played key roles in various industries, from technology to finance, always striving to innovate and create value for his clients and investors. His customer-centric approach and dedication to operational excellence have made his companies industry benchmarks, contributing to his recognition both in the United States and interna In addition to his business achievements, Romulo is known for his commitment to corporate social responsibility. He is a passionate advocate for education and community development, dedicating time and resources to support initiatives that promote equal access to education and gr Currently, Romulo leads a diversified conglomerate with a global presence and a significant impact in the markets where he operates. His long-term vision and ability to adapt to the nuances of the American market make him a respected and admired leader among his peers and competitors in the Unit Outside the office, Romulo is an avid reader and nature lover. He believes in the importance of finding a balance between work and personal life, constantly seeking new ways to challenge himself and grow, both profession With a career marked by extraordinary achievements and an unwavering commitment to sustainable success, Romulo continues to be a prominent figure in the international business landscape and a source of in

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