Politics

As the isolation hysteria over Cameron’s EU veto starts to fade, attention is now shifting to the more existential question of what kind of relationship the UK should have with Europe. In a piece for today’s Times (£), the chairman of Business for New Europe, Roland Rudd — who, incidentally, used to argue passionately in favour of the UK joining the euro — takes aim at those who want Britain to replicate a Norway-style model of European cooperation. Arguing that Norway endures so-called ‘fax machine diplomacy’ — no influence over EU laws that it must nonetheless accept — Rudd says that ‘the choice now is to do what Norway does,

That was easy. Only a few months after Sir John Vickers released his final recommendations for reforming the banking sector — and after much less intra-coalition struggle than we might have expected — the government is set to announce that it will adopt them ‘in full’. Vince Cable revealed yesterday that he and George Osborne have reached common agreement on the matter. And, for his part, Osborne will appear before MPs today with further details.  As Robert Peston has already explained, ‘in full’, in this case, doesn’t quite mean 100 per cent — but it’s close. The main proposal to ringfence retail banking off from riskier investment banking will be

With one well-timed jab in PMQs, David Cameron turned much of this week’s political debate – in domestic terms, at least – into a debate about Ed Miliband’s leadership. And how is Miliband responding? Predictably, for the most part. His celebratory speech in Feltham and Heston this morning reduced down to the claim that the result ‘offers a verdict on the Government’s failed economic plan’. And his interview in today’s FT covers much of the same territory. But the FT interview is also revealing in one particular regard: it demonstrates, once again, how Miliband is caught in a strange, undefinable strategy somewhere between attack and defence. This was, if you

What are the Lib Dems up to? On Tuesday, Clegg, Cable, Alexander, Huhne and Laws met with ‘Business for New Europe’, a group of pro-European business leaders, in what the FT describes as as ‘a very public display of engagement with business over Europe’ and the front page of today’s Mail calls ‘plotting to rally business chiefs against Cameron over Europe’. It is, of course, not surprising to see senior Liberal Democrats talking to pro-EU business people and advocating more engagement with Europe. But it does highlight what will be a key goal of the Lib Dem leadership over the next few months: building bridges with Europe, particularly to reconnect

‘This result… is a victory for Labour that shows the progress we are making under Ed Miliband’s leadership; a vote of confidence in the way that Labour is changing…’ Or, rather, it isn’t. Whatever Labour’s winning candidate in Feltham and Heston, Seema Malhotra, says, this byelection result was little more than an unsurprising Labour victory in a Labour area. The opinion polls, as we know, show more comprehensively what people think of the ‘progress’ that Labour is making under Ed Miliband’s leadership. And it’s far from a vote of confidence. Which isn’t to say that Malhotra underperformed in her byelection victory, last night. Not at all. Labour actually increased their