Politics

There are not many predictions that are safe to make in the financial markets. M&S’s results will always be disappointing is perhaps one. Sir Philip Green will never apologise for anything is another. And there is one more that can now be added to the list. The Bank of England won’t raise interest rates when it meets this week. But it should. Why? Because the ‘emergency’ post-Brexit cut is already looking like an over-reaction. In truth, the Bank’s Governor Mark Carney is already looking dangerously over-committed to Project Remain. The best thing the Bank could do now would be to admit that it had a made a mistake – and

Although David Cameron’s resignation honours were widely criticised for cronyism, it’s fair to say that Jeremy Corbyn’s one appointment to the House of Lords caused just as much upset. The Labour leader was accused of a conflict of interest for giving Shami Chakrabarti a peerage after she chaired his anti-Semitism inquiry. Apparently unfazed by the negative publicity, Baroness Chakrabarti of Kennington was introduced into the Lords today. Alas, it seems she couldn’t find reason to smile.

‘I don’t think we are a charity.  We are a successful, multi-national educational institution,’ explained the public school head to me. And he was right. As it happens, he was a highly progressive head committed to using the wealth and resource he enjoyed to collaborate with an under-performing local academy.  For the first time, their partner school now had maths graduates teaching physics and a new range of language options.  But he had no doubt that he should not be in receipt of charitable status and tax relief.  Which is why one of the few components of Theresa May’s school reforms I can support is the Prime Minister’s determination to

Unlike the boss, I thought Liam Fox’s comments on fat and lazy British businesses that could be exporting more but aren’t because, well, an afternoon on the golf course is more comfortable than striving for Britain were deplorable. But they were also telling. Because they were a further confirmation that the United Kingdom now has a nationalist government. The liberal Toryism of the Cameron era is gone, sunk with a whimper in record time. In its place is a Conservative nationalism that envisages SS Britannia buccaneering its way across the world’s oceans. This, after all, was the animating spirit of what we might call the Brexit campaign’s more cheerful wing. Well, it’s a nice