Politics

As confessions go, it was hardly the most revelatory. Cheryl Fernandez-Versini admits she has problems with relationships. Sir Philip Green accepts he made a bit of a hash of BHS. Ed Miliband owns up to struggling with bacon sandwiches. They would have all come as more of a surprise than the chief economist of the Bank of England, Andy Haldane, finally admitting that when it came to forecasting the impact of Brexit they were a couple of alphas short of a full algorithm. Well, thanks Andy. Who knew? The problem is that Haldane, and more importantly the Bank, is still deflecting the blame. Haldane argues there is a general problem

The switch from traditional spending to online shopping continues to gather pace as new figures show that high street sales fell last month for the fourth year running in favour of internet purchases. The BBC reports that online sales in December were 19 per cent higher than in 2015 while online orders increased in the week to 25 December by 51.1 per cent compared to the same week in the previous year. That’s according to BDO’s High Street Sales Tracker, which also found that consumers are splashing out more on home wares but less on fashion. Nevertheless, online sales account for about 15 per cent of all retail spending. Property The

Philip Davies originally wanted to be a journalist but decided against it after coming to the conclusion that he lacked the confidence: ‘It was my ambition in life but I just realised I was too shy. You’ve got to have a confidence that I think I probably never had.’ Now an unruly backbencher, it’s hard to believe the MP for Shipley is one to suffer from self-doubt. Westminster’s pantomime villain, Davies has a reputation for championing unfashionable causes – from talking out bills that help the vulnerable to standing up for men’s rights in the face of ‘militant feminists’. Last month he gave his critics fresh cause for complaint when

It is the fate of all new prime ministers to be compared with their recent predecessors. Theresa May has already been accused of being the heir to the micro-managing Gordon Brown. Her allies, meanwhile, see a new Margaret Thatcher, an uncompromising Boadicea destined to retrieve sovereignty from Europe. But perhaps a more fitting model for May would be a less recent Labour prime minister: Clement Attlee. When Labourites reminisce about Attlee, it isn’t so much the man himself who makes them misty-eyed. It is the achievements of those who worked for him — Nye Bevan, Ernest Bevin and the rest. Attlee’s government created the welfare state and the National Health

The headline business story of the holiday season was the latest bailout of Banca Monte dei Paschi di Siena. This is Italy’s third largest bank and, according to recent ECB ‘stress tests’, Europe’s weakest — regarded by pessimists both as a potential catalyst for systemic collapse and a symptom of deeper Italian problems that could kick off another euro crisis this year. Monte dei Paschi is also of special interest to me as the world’s oldest bank, having been founded by the magistrates of Siena in 1472 to provide loans at non–usurious rates to ‘poor or miserable or needy persons’, underpinned by wealth from local agriculture. Though it evolved more

Driving my son’s snake, Todd, a 3ft python wrapped in a pillowcase, to a Brighton vet in August was child’s play compared to the rest of what had gone on that summer. My son, who is 32 and has Asperger’s syndrome, had been served with an eviction notice from his rented flat, having been on what was effectively speed for the previous eight months. Since early July, when his three young carers resigned, he had been visited by the NHS mental health crisis team twice a day. This team, with great skill, calling on him in twos, had managed to get him off what — for him, and for anyone

After Sir Ivan Rogers unexpectedly resigned as Britain’s ambassador to the EU on Tuesday, it’s safe to say that the diplomat is not the flavour of the month in Downing Street. In fact, given that his resignation letter appeared to take swipes at both Theresa May and Liam Fox over their Brexit approach, it’s probably for the best if Rogers keeps a low profile in the coming weeks. Alas, this might not be possible. Bill Cash has today written to Rogers to remind him that his presence has been requested before the European Scrutiny Committee. The arch-Brexiteer adds that the committee’s interest in Rogers is ‘all the stronger’ in light of

The wonder about Sir Ivan Rogers’s resignation as Britain’s ambassador to the EU is that he was still in the job. He may have possessed useful knowledge about the workings of the EU, but he was also heavily associated with a failed way of conducting negotiations with it. It was he who advised David Cameron last February on his unsuccessful renegotiations of Britain’s relationship with the EU, which failed to convince the British people to vote to remain in the union. It would have been better and less disruptive had he resigned in the wake of the referendum last June, along with the Prime Minister. That Sir Ivan was not

A New Year is upon us and a new wave of racism, bigotry and xenophobia is meant to be stalking our land. That’s according to a Sky poll released on Monday which proclaimed that ‘Britain is more racist and less happy since Brexit vote’. If this made you check your pulse and wonder what racism has started coursing through your veins since June 23rd, fear not. The headline does not reflect reality but simply some peoples’ perception of reality. It is the result of a question in the poll which asked people not whether they felt more or less racist since last June, but to answer the question ‘Would you