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Open a Barclays Investment ISA today se your IS allowance by 5 April and you won’t pay tax on any money you make. T&Cs and ISA rules apply. Capital at risk. Visit barclays.co.uk/time Scan to get started barclays.co.uk/time Barclays Investment Solutions Limited provides wealth and investment products and services (including the Smart Investor investment services) and is authorised and regulated by the Financial onduct uthority and is a member o the London Stoc change and uis egistered in ngland egistered o egistered ce hurchill lace London Barclays Ban L provides ban ing services to its customers and is authorised by the rudential egulation uthority and regulated by the Financial onduct uthority and the rudential egulation uthority (Financial Services egister o ) egistered in ngland egistered o egistered ce hurchill lace London
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14-20 March 2025 IN THIS ISSUE 9 Canada under siege Megan Gibson on Mark Carney’s challenge 14 Collision course Andrew Marr on the clash between Labour and its leader 20 Workless Britain Will Dunn on the benefits crisis threatening the economy 28 Dealmaker-in-chief Katie Stallard on Trump’s transactional politics 36 The case for abundance Simon Kuper on a left-liberal manifesto for deregulation 46 The old world is always dying Tanjil Rashid on The Leopard’s vision of history 52 Lady Gaga’s resurrection Kate Mossman on the singer’s return to maximalist pop Office space: how the welfare system keeps people out of work The return of America First Kate Mossman on Lady Gaga Please note that all submissions to the letters page, our competitions and reader offers are accepted solely subject to our terms and conditions: details available on our website. Subscription rates: UK £119.99; Europe €159.99; Rest of World US$199.99. Syndication/permissions/archive email: permissions@newstatesman.co.uk. Printed by Walstead Peterborough Ltd. Distribution by Marketforce. The New Statesman (ISSN 1364-7431) is published weekly by New Statesman Ltd, 40-42 Hatton Garden, London EC1N 8EB, UK. Registered as a newspaper in the UK and USA 14-20 March 2025 | The New Statesman 5

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Open a Barclays Investment ISA today se your IS allowance by 5 April and you won’t pay tax on any money you make. T&Cs and ISA rules apply. Capital at risk. Visit barclays.co.uk/time

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Barclays Investment Solutions Limited provides wealth and investment products and services (including the Smart Investor investment services) and is authorised and regulated by the Financial onduct uthority and is a member o the London Stoc change and uis egistered in ngland egistered o egistered ce hurchill lace London Barclays Ban L provides ban ing services to its customers and is authorised by the rudential egulation uthority and regulated by the Financial onduct uthority and the rudential egulation uthority (Financial Services egister o ) egistered in ngland egistered o egistered ce hurchill lace London

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