Politics

Too many Tories have a sense of inevitable defeat at the next general election. They can see what the problems are but are fatalistic about their ability to solve them before 2022. Sajid Javid isn’t one of these Tories. He quickly grasped that the election result changed the internal Tory debate about housing policy and has been pushing for more radicalism ever since. On Sunday, he went on Andrew Marr to argue that the government should borrow to build. Javid’s argument is the same he made when he was backing Stephen Crabb for leader in 2016, interest rates are so low that it makes sense for government to borrow to

Well, that lasted long. Although Theresa May didn’t get the green light to talk trade on her EU council summit charm offensive last week, there was a general consensus that the mood music had at least improved. The EU27 struck a conciliatory and optimistic tone – agreeing to begin internal trade discussions in anticipation of moving to trade talks in December. Angela Merkel even went so far as to say she had ‘no doubt’ a deal would be reached between the EU and Britain. However, it seems that the memo to play nice failed to reach the European Commission. Just as happened the last time May had dinner with Jean-Claude Juncker,

How did we mislay half a trillion pounds? Revised data from the Office for National Statistics has just reduced the UK’s ‘net international investment position’ from a surplus of £469 billion to a deficit of £22 billion. Downing Street dismissed this as ‘a technical revision’ — and in truth it’s not as bad it sounds, since what it tells us is that we own fewer foreign assets, and foreigners own more British assets, than had previously been recorded. Does national pride not attach to the idea that the rest of the world sees us as an investment safe haven? So why worry? Well, past miscounting apart, actual current trends in

This post is from tonight’s Evening Blend email, a free round-up and analysis of the day’s politics. Sign up here. Is the government really changing its policy on planning for a no deal? That question isn’t simple to answer, not least because it’s not entirely clear what the government’s policy is on this matter: Philip Hammond has said the government won’t spend the necessary money until it needs to, while Theresa May says whatever money needs to be spent will be spent. But the pressure has been rising from Brexiteers for ministers to make real plans and produce real money to ensure that those plans are implemented. This isn’t just

The talk of the Commons tearoom today is last night’s Opposition Day vote on Universal Credit. This is unusual: Opposition Day votes are non-binding and have recently been used largely for Labour to bang on about pet projects rather than hold the government’s feet to the fire. But the Opposition has sharpened up its act, and used growing Conservative concerns about the roll-out of the new benefit to good effect in yesterday’s debate. The whips had already decided that one of the ways they could make these Opposition Day debates even less politically powerful when they are operating in a minority government is to instruct all Tory MPs to abstain,