The government is planning radical transformation, to health, education, rail travel, and with a view to achieving net zero electricity by 2030. These bold plans raise questions about what is going to be achieved, by when, and how. The politics are key, as is the timing. Such transformation takes years (many more than Starmer is anticipating). Thinking through the politics of what happens between now and when the election takes place in 2028/29, the government needs to face the difficult reality that radical reform will, in essence, mean that things will get worse before they can start to get better. Thatcher’s reforms in the 1980s, for example, took a decade to begin to turn the economy around.
So, it’s worth looking at what is going to get worse through the period until 2030 before it gets better (as a result of transitioning to net zero, and turning around the NHS, education, housing and transport). To ensure that this transformation is embedded and to bring the public with it, the government needs to be honest with us and manage our expectations while we experience the pain and disruption of the transition in the interim.
Podcasts
- Podcast 79: Five reasons why growth is so elusive – December 10 2025
- Podcast 78: The real lessons from COP30 – November 24 2025
- Podcast 77: The great capital maintenance failure – November 17 2025
- Podcast 75: Why is UK infrastructure so expensive? – September 22 2025
Publications
- Nationalising water – the Thames numbers don’t add up – August 12 2026
- NESO – an accident waiting to happen – July 27 2026
- How much debt should a water company take on? – July 13 2026
- The regulated asset base – the concept, tradeable RABs, the split cost of capital, and pay-as-you-go versus pay-when-delivered – June 16 2026
Videos
Podcasts
- Podcast 79: Five reasons why growth is so elusive – December 10 2025
- Podcast 78: The real lessons from COP30 – November 24 2025
- Podcast 77: The great capital maintenance failure – November 17 2025
- Podcast 75: Why is UK infrastructure so expensive? – September 22 2025
Publications
- Nationalising water – the Thames numbers don’t add up – August 12 2026
- NESO – an accident waiting to happen – July 27 2026
- How much debt should a water company take on? – July 13 2026
- The regulated asset base – the concept, tradeable RABs, the split cost of capital, and pay-as-you-go versus pay-when-delivered – June 16 2026

