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Kwasi Kwarteng Quotes

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Last Updated on May 30, 2021

Nov 07, 2020

I don't see how a lowering of VAT helps much, in terms of stimulus. VAT is a form of sales tax. It gets paid when you spend. A stimulus should put money in your pocket before you have actually spent the money.

Down
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Nov 07, 2020

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

Look
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Nov 07, 2020

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.

Government
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Nov 07, 2020

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.

Future
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Nov 07, 2020

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.

Never
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Nov 07, 2020

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.

General Election
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Nov 07, 2020

I remember being told after the 1992 general election that Labour could never win a majority in Britain ever again.

Moment
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Nov 07, 2020

It’s the easiest thing in the world to assume that what seems so obvious at one moment in time is a hard, perpetual fact of life.

Money
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Nov 07, 2020

The bull market, rising prices, earning lots of money, make it seem as if the good days will never end. When prices are falling and there is a recession, that also feels as though it will last for ever. Politics is the same. People simply can’t imagine changing circumstances.

Character
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Nov 07, 2020

In fact, the fast-changing, dynamic character of London makes perpetual Labour domination unlikely. Things are so fast-moving it would be impossible to say what the situation might look like in five years, let alone 10 or 15.

Attract
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Nov 07, 2020

Frontrunners always attract envy, and a desperate campaign to stop them in their tracks.

Big
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Nov 07, 2020

In our media-driven age, the mere fact of having name recognition is a big advantage. When the leadership election was confined only to Conservative MPs, relatively obscure figures could emerge quickly.

Mean
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Nov 07, 2020

I think interventions tend to be wrong. That doesn’t mean to say that every intervention has been a disaster, but it does mean that generally they tend to screw up.

Identity
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Nov 07, 2020

History is of all subjects the one which is most engaged with people’s perceptions of themselves, identity, politics, all those things which shape the modern world.

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