The 1922 elections were not a clean sweep for the loyalist 301 Group slate, they missed out on one of the secretary position.
But they have pretty much succeeded in purging the ’22 and the Backbench Business Committee of the so-called ‘wreckers’. Indeed, the only ‘wrecker’ who has survived is Bernard Jenkin who remains on the ’22 executive. But, significantly, I understand that Stewart Jackson, who spoke up in defence of Nadine Dorries at ’22 last week and was very critical of David Cameron at the weekend, came —...
Mervyn King unfurled a mast of metaphors this morning. ‘We are navigating through turbulent waters, with the risk of a storm heading our way from the continent,’ he said. ‘We don't know when the storm clouds will move away.’ The eurozone, he said, is ‘tearing itself apart’.
So poetic was his language — a rare gift in a central banker — that it almost made one forget the painfully prosaic nature of his facts and figures. Inflation, already at target-busting levels, will be much stronger than the Bank initially envisaged, remaining above...
Today’s jobs figures show a 105,000 rise in employment and a 45,000 fall in unemployment, from the final quarter of 2011 to the first quarter of 2012. Welcome news, although both figures are within the margin of error, meaning we can’t say with confidence that employment is indeed higher or that unemployment is lower. But even taking the figures at face value, there’s another cause for concern: the rise in employment is coming in part-time, rather than full-time, jobs.
First, let’s take a look at that total employment figure, which has risen 105,000 since...
Strange mood at PMQs today. Rather good-natured. Like a staff awayday with both sides joshing each other for fun. A Tory from the shires, Pauline Latham (Con, Mid-Derbyshire), stood up in her best garden-party dress and made this lament:
‘My constituents are having a very difficult time at the moment.’
Labour MPs cheered like mad. They wouldn’t have done that before the local elections.
Cameron and Miliband were in a similarly playful mood. After...
Today’s PMQs will be remembered for one thing, Cameron saying that the eurozone had to ‘make up or it is looking at a potential break-up’. This is a distinct hardening of the government’s line on the single currency.
Cameron’s comment was particularly striking coming just days after George Osborne said that ‘open speculation’ about whether or not Greece would leave the euro was ‘doing real damage across the whole European economy’. However those close to Cameron are not resiling from the remark. Instead, I understand that we can expect...
Recently on Coffee House, and elsewhere, some people have been arguing that the deficit reduction isn’t happening fast enough. The latest, a paper from Tullet Prebon, argues that it’s wrong to say there are cuts. Its author, Dr Tim Morgan, reiterated its points on the Today Programme this morning. But it isn’t true — and the analysis itself proves it.
When this Government entered office, there was no credible plan to convince the bond markets that Britain was serious about dealing with its debts. So the new Coalition accelerated the...
Ed Miliband’s reshuffle turned out to be a rather small affair. The news out of it is that control over the policy review passes from Liam Byrne to Jon Cruddas, although Byrne continues to shadow Iain Duncan Smith.
Given that Byrne is a Blairite who has been pushing for a tougher line on welfare, and that Cruddas rebelled to vote against the second reading of the welfare reform bill, some will see this as a shift to the left. But Cruddas is a more interesting thinker than that. The...
Greece is the centre of European attention, but as George Osborne met with other EU finance ministers today there was another issue bubbling in the background — Basel III. This had been brewing for a while and is yet one of those matters that threatened to isolate Britain from the rest of the EU (though some would argue this is a good place to be).
The Chancellor this morning appears to have agreed to the Basel III accord, which stipulates the amount and quality of capital that banks are required...
The 1922 elections were not a clean sweep for the loyalist 301 Group slate, they missed out on one of the secretary position. 
Mervyn King unfurled a mast of metaphors this morning. ‘We are navigating through turbulent waters, with the risk of a storm heading our way from the continent,’ he said. ‘We don't know when the storm clouds will move away.’ The eurozone, he said, is ‘tearing itself apart’.
Today’s PMQs will be remembered for one thing, Cameron saying that the eurozone had to ‘make up or it is looking at a potential break-up’. This is a distinct hardening of the government’s line on the single currency. 
Recently 
Ed Miliband’s reshuffle turned out to be a rather small affair. The news out of it is that control over the policy review passes from Liam Byrne to Jon Cruddas, although Byrne continues to shadow Iain Duncan Smith. 
Greece is the centre of European attention, but as George Osborne met with other EU finance ministers today there was another issue bubbling in the background — Basel III. This had been brewing for a while and is yet one of those matters that threatened to isolate Britain from the rest of the EU (though some would argue this is a good place to be). 
