Politics

What effect will the Rennard allegations have on the Eastleigh by-election? Channel 4 has been working on the story for months, but it is obviously taking off at an inconvenient time for the Liberal Democrats. There is also – for both Coalition parties, although particularly for the Tories because this was a key pledge for George Osborne – the problem of the AAA credit rating loss. But don’t forget that the by-election was triggered by Chris Huhne’s ‘guilty’ plea for perverting the course of justice, and in spite of repeated references in Conservative campaign material to ‘trust’, Huhne appears to have had little effect on the by-election. One Conservative MP

It seems that Moody’s downgrade of UK government bonds on Friday night has — so far — had more effect on the headlines than the markets. After the news on Friday night, the pound fell by about a cent against the dollar, from $1.525 to $1.515. And against the euro it fell from €1.157 to €1.147 (it’s fallen a little further this morning, to €1.144). But that’s no bigger than the drop on Wednesday on the news that Mervyn King and two other members of the Bank of England’s Monetary Policy Committee had voted in favour of more quantitative easing. And it doesn’t seem to have raised the cost of

As James observed last night, Nick Clegg’s statement on the Rennard allegations raised more questions than it answered. Lord Rennard continues to strenuously deny the claims of sexual harassment made on Channel 4 News last week and in other reports since. But the problem is that when allegations were being made and rumours were circulating, nothing was done, regardless of whether those claims would have been proven or not. And as Nick Clegg hasn’t closed down the row, here are five questions that the party and those examining it will want to answer: 1. There are discrepancies between the different accounts of when the Lib Dem leadership received the specific

All the evidence is pointing to a Lib Dem win in Eastleigh, but those Tories visiting are continuing to fight to the bitter end. Eric Pickles was down there today, and wasted no time at all in sinking his teeth into his Coalition partners. The Communities Secretary said: ‘The Lib Dems are taking the people of Eastleigh for a ride. Their homes tax would hit hardworking families hardest – with ordinary people running the risk of seeing a £320 hike in their council tax. The Lib Dem candidate doesn’t understand that his new tax could not be introduced without a costly general revaluation of council tax bands. When Labour did

Ministers and MPs are nervous about a mass influx of Romanian and Bulgarian migrants putting the benefit system under strain next year. But ministers should beware, and learn from the political mistakes of the past. The failure to predict the scale of post-2004 migration to the UK from the EU caused major political problems for the Labour government. The public were left with the impression that the government was not in control of immigration and that Labour were contemptuous of public views and that they were even deliberately misleading them. The Conservatives have less to worry about on the second point – polling suggests the public broadly support them on immigration – but they have

Remember those menacing HMRC eyes that Fraser found staring out at him from a cashpoint last month? Well, it turns out they’re a pretty expensive pair of eyes. A Freedom of Information request by the TPA’s Matt Sinclair returned this week, revealing that this cashpoint campaign on tax evasion cost just under £100,000. The response says: ‘The total media spend for the Evasion ATM advertising campaign specified in your request was £95,930.40, excluding VAT. This amount was approved by the Cabinet Office. ‘To set this figure in the correct context, the Government has made around £1 billion available to HMRC to tackle avoidance, evasion and fraud to bring in an