Charles Moore Charles Moore

Why should Tom Watson be given a peerage and not Paul Dacre?

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Much of this is not Liz Truss’s fault. The great big adjustment all over the West is that the era of low interest rates is now over. This is causing a crisis because most people, businesses and governments – and, we now discover, most pension funds – planned their finances on the basis that the era would go on for ever.

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Charles Moore
Written by
Charles Moore
Charles Moore is a former editor of The Spectator and the Daily Telegraph. He became a non-affiliated peer in July 2020.

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