Philadelphia is nothing if not a fight town and back in the analogue years, when boxing commanded a prized place at the high table of American culture, Muhammad Ali's old phrase was the one quoted above all others: "Float like a butterfly, sting like a bee". And as Tuesday night's US presidential debate in the National Constitution Centre deepened, it was impossible not to recall those words.

There is indeed a longer-term fiscal issue. Treasury's long-term projections show that the ageing population will cause unsustainable fiscal deficits if nothing is done to reduce spending or raise government revenues.Labour's own fiscal profligacy has brought this problem forward.In Budget 2018,...

As part of the 2024 presidential campaign, Vice President Kamala Harris is proposing to taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. long-term...