Politics

Read about the latest UK political news, views and analysis.

Friday

2 Aug 2024

Why are stocks suffering?

Today’s stock market plunge is interesting for two main reasons. First, for those of us who have never traded on the Japanese stock exchange, comes the revelation that the colours used to denote changes in stock prices are the inverse of those used on western markets: red means a share has gone up, green means it has gone down. The same, apparently, is true in China. Fortunately, for the sake of foreign drivers neither country inverts the colour of its traffic lights, although ‘go’ in Japan is denoted by something closer to blue than green… Second, UK markets seem to have been dragged down in sympathy with others even though

Lucy Dunn

Is Robert Jenrick emerging as a leadership frontrunner?

Robert Jenrick chose a swelteringly hot day in sunny Newark to stage his official leadership campaign launch. ‘I’m in politics for you,’ he told the packed-out room, filled with a mixed crowd of young families and veteran Tory supporters. ‘We can persuade young people to join the Conservatives again,’ the 42-year-old insisted. ‘We must be better. We can be better.’ It was in this optimistic vein that Jenrick’s speech continued. In a rosy summary of the Conservatives’ time in government, the former government minister first pointed to his party’s achievements: school reforms, keeping Corbyn out, swooping to the side of Ukraine and – despite being a Remainer himself – Brexit.

Oscar Edmondson

Is Starmer’s response to the riots enough?

24 min listen

Police are bracing themselves for more violent disorder this weekend. This is in the aftermath of the tragic stabbings in Southport and unrest in London, Hartlepool and Southport. Keir Starmer made a statement yesterday condemning the protests and the involvement of far right actors for stoking up the violence and spreading disinformation online. Is there a double standard in government’s response to these latest protests? Oscar Edmondson speaks to Brendan O’Neill and John Woodcock, who advised government on political violence & disruption. Produced by Cindy Yu and Oscar Edmondson.

Nigel Jones

The trouble with ‘spy swaps’

Yesterday’s exchange of prisoners at Ankara airport in Turkey will have been personally ordered by President Putin. He is a veteran of the Cheka, the Soviet secret police agency, and no doubt aware of the role that swapping agents with the West has played in the troubled history of superpower rivalry. Putin knows that Russian spies look after their own – especially as the Chekists concerned are killers with blood on their hands. Vadim Krasikov, the hitman freed yesterday, was jailed in Germany in 2019 for murdering an exiled Chechen in a Berlin park. Vladimir Putin is as tenacious in exacting revenge on traitors to Russia as he is in

Cindy Yu

Could Robert Jenrick overtake Kemi Badenoch?

13 min listen

Kemi Badenoch is the favourite in the Tory leadership race at the moment, which is partly why she’s been subject to a fair amount of scrutiny and some mud-slinging this week. But could Robert Jenrick actually overtake her as the frontrunner on the right of the Conservative party? Cindy Yu talks to Katy Balls and Isabel Hardman. Produced by Cindy Yu.

Eliot Wilson

Is Farage already sick of being an MP?

Nigel Farage was elected as MP for Clacton by a solid margin of 8,405. Four other Reform UK candidates were returned, and the party won 4.1 million votes. This surely was the beginning of a great change, the breaking of the mould of right-wing electoral politics. Farage spoke excitedly of creating a ‘bridgehead in parliament’ and said his party was ‘coming for Labour’ while it let the Conservatives ‘tear themselves apart’. Yet four weeks after the election, has the House of Commons proved disappointing for its new boy? There has been plenty of news for Farage to attach himself to. The Just Stop Oil protests at Heathrow enraged him, leading

Steerpike

Watch: ITV snubs Truss at races

To West Sussex, where spectators are enjoying the sun at the Goodwood Racecourse. But it hasn’t necessarily been the most pleasant experience for everyone – least of all a former prime minister who seems unable to reap the benefits of her short-lived stint in office… ITV was quizzing excited race-goers about the day and the interviewer stopped next to one gentleman to inquire about his pre-race thoughts on the stallions of the day. After a rather quick Q&A the presenter bid his farewells before moving onto the next interviewee – which wasn’t the woman in white also in frame, much to her disappointment. Former PM Liz Truss – in the

Steerpike

Scottish Tory leadership race ramps up

Back to Scotland, where the third official candidate in the Scottish Tory leadership contest has been announced. Meghan Gallacher, the current deputy of the party, has entered the race following weeks of speculation about whether she would stand. Calling for a party ‘reset’, Gallacher insists she wants to build a ‘modern, centre right party’ focusing on the right to buy a home and support for pensioners and parents.‘Scotland knows what we stand against,’ she declared in a Twitter video posted this morning, ‘but do they know what we stand for?’ Ouch. Douglas Ross’s second-in-command joins ex-Olympian Brian Whittle and justice spokesperson Russell Findlay in the race to become the next

Ian Acheson

Of course whole-life prisoners should be banned from marrying

Is there any point in rehabilitating prisoners sentenced to ‘whole life’ tariffs, who will die in custody? Today’s announcement banning such prisoners from a fundamental human right – to get married – would suggest the state thinks there isn’t. This act, contained in an innocuous statutory instrument is a rare example of retribution in action. We don’t hear much about revenge in our criminal justice discourse these days – that, after all, is the less pretty descriptor for one of the three main aims of imprisonment. Society takes revenge for harm done on the part of the individual because crime is a societal hurt. This is the reason why such trials are

Owen Matthews

Could the Russia prisoner swap help bring peace to Ukraine?

I can well understand that joy and relief experienced by the supporters and families of the hostages released yesterday by Vladimir Putin. For I myself owe my life to a Cold War spy swap. In October 1969, the British government exchanged Peter and Helen Kroger, two senior Soviet career spies nabbed for running a very real espionage ring, for Gerald Brooke, a British student who had served five years in a Russian jail for ‘anti-Soviet agitation’. The exchange was so unequal that Brezhnev’s Politburo agreed to throw in three Soviet citizens who wanted to marry Britons in as a makeweight. One was my mother, Lyudmila Bibikova. Releasing Navalny would have

John Keiger

Macron’s lavish spending is jeopardising French finances

In the last years of Louis XVI’s reign, French finances were in a parlous state. State debt had ballooned, its servicing became exorbitant, and France’s creditworthiness sunk. The need to raise taxes after years of profligacy forced the monarch to summon the Estates General – the first time since 1614 – to obtain their approval. A series of scandals linked to the monarchy fuelled popular anger. All ushered in the July 1789 Revolution. Against a background of French debt at 112 per cent of GDP, a budget deficit of 5.5 per cent and the EU taking out special measures against France for persistently ignoring the EU stability pact, this week

Ross Clark

Starmer’s response to the riots raises several questions

It goes without saying that the riots in Southport, Hartlepool and London are a mindless reaction to the killing of three girls, based on false information which, according to former MI6 chief Sir Richard Dearlove, may have been propagated from Russia in a deliberate attempt to stir up social unrest in Britain. But is Sir Keir Starmer really wise to use these particular events to launch what he calls a ‘national capability’ to track across the country those suspected of plotting violent disorder? When he visited Southport on Tuesday he appealed to people not to play politics with the tragedy, yet to many people that is exactly what he is

Thursday

1 Aug 2024

Jawad Iqbal

Boxing mismatch shows Olympic officials need to get a grip

The hugely controversial Olympic boxing bout between Italian Angela Carini and her opponent Imane Khelif from Algeria lasted just 46 seconds. After taking two punches from Khelif to the chin, Carini was forced to quit, saying she had done so ‘to save my life’. She said she had ‘never felt punches like it’, after sustaining a suspected broken nose. Carini sank to her knees in the centre of the ring and wept openly at having her Olympic dream shattered. ‘It’s not fair,’ she cried out. It is a damning charge that will go on to haunt these games. Carini was hit by two savage punches from Khelif, and the force

Lucy Dunn

Will Starmer’s thug crackdown get results?

When Sir Keir Starmer arrived in Southport on Tuesday to pay his respects for the victims of the stabbing tragedy, he was heckled by locals. ‘How many more children are going to die in our streets, Prime Minister?’ called one distraught resident, as another cried: ‘Get the truth out!’ Just hours after the PM left, the roads were filled by far-right protesters after misinformation about the identity of the perpetrator spread on social media. Two days of rioting and over 100 arrests later, the Prime Minister today called an emergency press conference after urgently meeting with the country’s top police chiefs. Starmer acknowledged that ‘fear is an understandable reaction’ to

Cindy Yu

Sunak’s gift to Labour

12 min listen

Today the Bank of England has cut rates for the first time in four years, bringing more good economic news to the Labour government. On the episode, Cindy Yu talks to Katy Balls and Kate Andrews about how this raises the question – again – of why Rishi Sunak called an election before he could reap a summer’s worth of economic good news. Produced by Cindy Yu.

Ross Clark

How independent is the Bank of England?

As Kate Andrews argues here, the Bank of England were never going to cut interest rates during an election campaign for fear of being accused of favouring one side or the other. That ruled out a rate cut in June, while in July there was no meeting of the Monetary Policy Committee. But are those five members who voted for a quarter-point cut today really confident that they have not opened themselves to charges of bias, by cutting rates at the earliest opportunity after the election of a Labour government? For months, the MPC was telling us that it was too early for a rate cut – in spite of rapidly falling inflation

Lisa Haseldine

Russia and the West agree largest prisoner swap since the Cold War

The Kremlin has released Wall Street Journal reporter Evan Gershkovich, former marine Paul Whelan and British-Russian dissident Vladimir Kara-Murza from captivity. This is the biggest prisoner swap between Russia and the West since the end of the Cold War. The three men form part of a group of prisoners released this morning, reportedly numbering as many as 16. In return, the US and its allies will return as many as eight prisoners to Russia. While it is unclear exactly when and where the exchange is taking place, a plane belonging to the elite flight squadron ‘Russia’ was tracked flying from Moscow to the Russian enclave of Kaliningrad this morning. The plane was the

Steerpike

JK Rowling hits out at Olympic bosses over boxing controversy

To the Olympics, where a rather contentious boxing match has come to an abrupt end. The sport came under the spotlight after it emerged that Algerian boxer Imane Khelif had been allowed to compete in the women’s boxing category in 2024 Paris Olympics despite, um, being thrown out of the women’s world championships after failing a sex test. Good heavens… Today, Khelif was allowed to fight Italy’s Angela Carini – but the match didn’t even last a minute. After receiving a harsh blow to her face, Carini asked for time out – before abandoning the match altogether just 46 seconds in. Breaking down in tears after the referee signalled that

Lucy Dunn

England’s GPs vote to take industrial action

Just days after junior doctors in England were offered a cumulative pay rise of 22 per cent, general practitioners across the country have voted in favour of industrial action over funding. Now over 98 per cent of senior unionised GPs have voted to take industrial action, on a turnout of just under 70 per cent. It comes after months of disputes over contract changes that would see community doctors receive a practice funding uplift of just 1.9 per cent. Slamming the sub-inflationary rise, the BMA says that without more support GP surgeries will ‘struggle to stay financially viable…and risk closure’. The concern is that more patients will flock to A&E

Kate Andrews

The Bank of England finally cuts interest rates

The Bank of England has just announced a rate cut of 0.25 percentage points, reducing the base rate from 5.25 per cent to 5 per cent. The tight decision – voted 5-4 by the Monetary Policy Committee – is the first reduction in rates since March 2020. It starts what is likely to be a slow and steady process of reducing the base rate, and marks the end of the inflation crisis, which saw Threadneedle Street hike rates from the floor to a 16-year high over the course of twenty months. Financial markets were cautiously expecting a rate cut, but the decision was thought to be on a knife-edge. It