Politics

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

Friday

Fraser Nelson Fraser Nelson

Tory wars: Cameron invites Boris to have a go, if he thinks he’s hard enough

I’m not sure how many winnable Tory seats still need a candidate, but the Prime Minister has invited the Mayor of London to get in the ring. Here’s what he said in an interview with James Corden, who was guest editing The Sun for Sport Relief: Corden: If you are in a room together, like even if you are at the Olympic stadium and he [Boris] is sat the other side of the stadium… Cameron: …he still makes me laugh… Corden: …and you are sat the other side can you feel his eyes piercing at you going… Ghaaaaaaar – I want your job!?! Cameron: That is brilliant. No. It wouldn’t be a great

John O'Neill

George Osborne gave us a saver’s budget. Should he have bothered?

‘If you’re a saver, this budget is for you’, George Osborne said on Wednesday as he unveiled measures to let people keep more of what they save – such as combining cash and stocks-and-shares ISAs and whacking the subscription limit up to £15,000 from the 1st of July this year. But will people put their money away in savings accounts? The OBR’s latest forecasts show that the savings ratio – the percentage of households’ disposable income that they save – will fall by almost a fifth this year, and households will put away significant less than the OBR thought they would last March. [datawrapper chart=”http://cf.datawrapper.de/JjUGo/1/”] Households aren’t just not saving –

Thursday

Isabel Hardman Isabel Hardman

Labour sticks to cost-of-living attack as Budget debate rumbles on

If Ed Balls thought he could have done a better job than Ed Miliband at responding to the Budget, today he got his chance. The debate on the measures announced by George Osborne rumbles on in the House of Commons, and Ed Balls gave his speech on it this afternoon. He started by telling the Chamber that this was ‘the Chancellor’s last chance to make decisions and announce measures that will make a real difference before the general election’. Balls claimed that ‘for all [Osborne’s] boasts and complacency, the Budget did nothing to address the central reality that will define his time in office – the fact that for most

Douglas Murray

The Unknown Known: Errol Morris tries to trip up Donald Rumsfeld – and fails

Before getting onto the film I should make a few disclaimers. There is a popular view that Donald Rumsfeld was a catastrophic US secretary of defence. I do not share that view. There is also a view that his most famous phrase – about known knowns, known unknowns and so on – was a display of laughable ignorance.  I think it one of the best descriptions anyone has ever produced of the challenges posed by intelligence. And finally I suppose there is a school of people out there who shudder at the name. I’m not among them. As well as being a great public servant – both the youngest and oldest

Steerpike Steerpike

The fake proprietor calls

Westminster and Fleet Street are all a flutter about An Unexpected MP: Confessions of a Political Gossip, the memoirs of former Tory MP, Jerry Hayes. It’s a fun, naughty read. As a fellow diarist, Mr S particularly enjoyed Hayes’s tales from his days at Punch. Hayes joined the magazine in the late nineties during its revival under the proprietorship of Mohamed Al Fayed and the editorship of James Steen, the man who Piers Morgan once called ‘the world’s most mischievous journalist.’ ‘James had a particularly mischievous side,’ Hayes writes. ‘He was also a fantastic mimic who used to love to wind up the rich and pompous. One of his favourite

Isabel Hardman Isabel Hardman

George Osborne’s Budget elephant trap is still open and waiting for Labour

Yesterday the Opposition didn’t really do all that much opposing. Labour announced it was going to vote in favour of George Osborne’s AME welfare cap, with Ed Balls arguing that Ed Miliband had set this out in a speech last year anyway. This cap was supposed to be an elephant trap for Labour, but Labour initially appeared to have tip-toed around the edge without falling in. But Osborne has set a secondary snare for the party: the ‘bedroom tax’. The Conservatives are keen to point out that restoring the ‘spare room subsidy’ would lead to a £465 million welfare spending rise in 2015/16, and want Labour to answer how they

Isabel Hardman Isabel Hardman

Tories: There never was a bingo poster

George Osborne got the front pages he wanted this morning. ‘A budget for Sun readers’ proclaims his target newspaper. But Labour, which doesn’t have very much to say about the Budget, has been celebrating Grant Shapps’ unfortunate infographic which he tweeted last night which takes a rather David Attenborough-style tone when describing what hardworking people like to do in their spare time. ‘Cutting the bingo tax and beer duty to help hardworking people do more of the things they enjoy’ the image says. Labour is delighted and many Tories are horrified. George Osborne has been pressed repeatedly about it on his post-Budget broadcast tour. listen to ‘George Osborne: We’re creating

James Forsyth James Forsyth

The risks for Osborne now he’s back on top

[audioplayer src=”http://traffic.libsyn.com/spectator/TheViewFrom22_20_March_2014_v4.mp3″ title=”Fraser Nelson, James Forsyth and Isabel Hardman discuss the 2014 budget” startat=749]The old Budget traditions are dying off. No Chancellor has observed Budget purdah, the tradition of not speaking about the economy for two months beforehand, since Norman Lamont. These days, the Chancellor even appears on the BBC on the Sunday before the Budget to begin the drum roll of announcements. The convention by which he exercises his prerogative to have an alcoholic drink as he delivers the speech has also fallen into abeyance. Ken Clarke, with his glass of whisky, was the last chancellor to have a tipple as he spoke. But some customs remain. The Chancellor

Martin Vander Weyer Martin Vander Weyer

HS2’s boss is right – it’s push on or be rubbed out

I’m sure HS2 chairman Sir David Higgins is right to argue that if we’re serious about building a new north-south rail network, we should get on with it. The greater the number of general elections between conception and completion of any infrastructure scheme, the less likely it is to happen. Lord Mandelson revealed last year that Labour only gave this one the go-ahead in 2009 as a political gimmick; Ed Balls’s comments on it last week signalled that an incoming Labour cabinet might drop the project as casually as it was green-lighted in the first place if it doesn’t suit the short-term  politics of 2015. So the best option for

Wednesday

Isabel Hardman Isabel Hardman

Labour doesn’t want to talk about today’s budget

Ed Balls has just delivered quite an odd post-Budget briefing. It was odd because he didn’t really want to criticise anything. Of course, when the Chancellor has just unexpectedly announced major reforms to the pensions system, it would be foolish for an opposition to start criticising a reform that it probably doesn’t quite understand. But the furthest the Shadow Chancellor would go was that it was ‘underwhelming’. He said: ‘Overall we thought that was pretty underwhelming: Ed Miliband had written pages of his speech which weren’t used in the end because they referred to things that might be in there but weren’t and, so, you know, he obviously had to

Ros Altmann

Ten reasons to welcome George Osborne’s pensions revolution

After so many years of waiting for good news on pensions and savings, suddenly so much comes at once.  Like the proverbial Number 13 buses, a whole raft of policies has all come at once – and they are good news. It’s also a brilliant Budget for Tory election prospects of course.  The devil of some of this will be in the detail but overall this is just good news all round.  And will even bring in more tax for the Chancellor short-term as pension lump sums will deliver higher tax revenue than taking small amounts of income or delaying annuity purchase. Here’s my take. 1. ISAs now more flexible

Lloyd Evans Lloyd Evans

The ghost of Tony Benn stalked PMQs

Tony Benn, the most divisive left-wing figure since the war, united the house today. David Cameron paid tribute to him as an orator, diarist and campaigner. Ed Miliband praised his determination to ‘champion the powerless’ and hold the executive to account. Miliband moved to Crimea. He called Sunday’s plebiscite ‘illegal and illegitimate’. Cameron trumped him with a curious phrase that bolted a bit of punchy modern sloganising onto a fragment of olde Englishe slang. The referendum, he said, had been ‘spatch-cocked together in ten days at the point of a Russian Kalashnikov’. The leaders, both keen to denounce Russia in the most savage terms, swapped promises about travel bans, asset

James Forsyth James Forsyth

Budget 2014: Has Osborne come up with a silver bullet for dealing with Ukip?

The Budget today contained a host of measures that’ll benefit the silver savers; those in, or coming up to, retirement. From January next month, pensioners will be able to buy pension bonds that offer a 2.8 per cent interest rate for a one year bond and a 4 per cent annual rate for a three year bond. This is far better than the rate available on the high street and will cost the government £170 million in 2015-16. It should assuage the pain, and anger, that many pensioners have felt at the government’s deliberate policy of keeping interest rates as low as possible. Considering that defections from the Tories to

Isabel Hardman Isabel Hardman

Budget 2014: Top five announcements

The Chancellor has spoken, the opposition leader has blasted the speech, and now the nit-picking begins. But what were the five biggest announcements in today’s Budget? Here’s a guide: 1. The pensions revolution His plan to abolish the 55 per cent tax rate on those who withdraw more than they should from their pension all seems very generous. (Except it isn’t – the Budget small print reckons it’ll lead to a spending splurge that will send £2bn to the Exchequer). The policy is aimed to address a genuine disappointment that many people experience on retirement when they discover what they can and can’t do with their pension pot. Tax restrictions on

Isabel Hardman Isabel Hardman

Budget 2014: The Tories gave Ed Miliband licence to become a class warrior

No opposition leader looks forward to responding to the Budget. It’s one of the harder gigs as you get little notice of the detailed measures that may cause real rows and are scribbling feverishly throughout the statement to try to make your pre-written speech sound relevant. But it is still an achievement that Ed Miliband in his own response managed to avoid talking about anything in the Budget other than the new design of the pound coins. He started by reminding the House of Commons of how much further the Chancellor needs to go before hardworking families up and down the country feel as cheerful as the Tories. He said:

Steerpike Steerpike

Budget 2014: Osborne’s Budget banter

The Budget has, in recent years, been more tears than laughter, more pain than gain. Yet the upturn in Britain’s economic fortunes has put the Chancellor, whose ‘5 and 2’ diet has had a dramatic effect on his waistline, in a buoyant mood. Osborne’s wit – famously sharp in private – shone through in public this afternoon. He began slowly, by teasing Ed Balls. He reminded the chamber of Labour’s dire financial record, which elicited his first laugh: ‘Or, as the Shadow Chancellor put it: “some mistakes were made”.’ Boom-tish. The gag about the slow pace of construction at Ebbsfleet was a groaner (‘more ebb than fleet’); but things looked

Fraser Nelson Fraser Nelson

Budget 2014: George Osborne’s pensions revolution

This will take a while to sink in – we simply have never seen this before in a Budget. George Osborne has just revolutionised the way pensions work; millions of people will have just found their pensions pot turned into a bank account. The punitive 55 per cent tax rate they faced if taking out more than they should from a pension has been abolished. And how much does this cost Osborne? That’s the beauty. No wonder the Chancellor’s aides were briefing that he’d found a very radical, very ‘clever’ policy. This will make a massive pre-election difference to pensioners, the group most likely to vote at the next election.

The Spectator

Budget 2014: full text of George Osborne’s speech

listen to ‘George Osborne delivers the 2014 Budget’ on Audioboo Mr Deputy Speaker, I can report today that the economy is continuing to recover – and recovering faster than forecast. We set out our plan. And together with the British people, we held our nerve. We’re putting Britain right. But the job is far from done. Our country still borrows too much. We still don’t invest enough, export enough or save enough. So today we do more to put that right. This is a Budget for building a resilient economy. If you’re a maker, a doer or a saver: this Budget is for you. It is all part of a