Theresa May should freshen her domestic agenda in the new year

An inconclusive election result puts pressure on Spain’s Rajoy government 

Better infrastructure, not lower debt, would serve the country best

Brexit Britain must remain true to its liberal democratic traditions

If the tax bill does not boost wages, the GOP is in deep trouble in 2018 and 2020

DNA medicines justify a much higher price than conventional drugs

Regulatory equivalence carries a heavy price for the UK

The centre right must be wary of validating the views of radicals

Rooting out corruption and improving education are top priorities

Reform is necessary but complex. Enforcement mostly requires guts.

A new prime minister should take the opportunity to signal change

US, EU and Japan bump up against its entrenched political economy

Monetary policy may soon become less predictable for investors

The FT’s Seasonal Appeal enlists help for a great scientific endeavour

May will need to listen to parliament’s views on future trade talks

Rupert Murdoch sells while prices and uncertainty are both high

Pressuring companies to be more transparent on risks is a good idea

The result in Alabama should shift the GOP away from Bannonism

The UK’s capabilities in defence do not match its global ambitions

Congress and the White House must not use levies to promote exports