Politics

David Cameron’s speech today is a sign of his frustration with the eurozone. Numbers 10 and 11 are increasingly irritated by how eurozone leaders are refusing to accept the logic of their project. What Downing Street is keen to avoid is another wasted year as Angela Merkel gears up for her reelection campaign. So, intriguingly, we see Britain throwing her weight behind Hollande’s support for project bonds. Cameron also uses the speech to again back eurobonds, which Merkel is firmly opposed to as she knows that this would mean Germany effectively standing behind everyone else’s debt. I can’t see a resolution to this crisis coming anytime soon, though. The economics

The 1922 elections were not a clean sweep for the loyalist 301 Group slate, they missed out on one of the secretary position. But they have pretty much succeeded in purging the ’22 and the Backbench Business Committee of the so-called ‘wreckers’. Indeed, the only ‘wrecker’ who has survived is Bernard Jenkin who remains on the ’22 executive. But, significantly, I understand that Stewart Jackson, who spoke up in defence of Nadine Dorries at ’22 last week and was very critical of David Cameron at the weekend, came — in the words of one who has seen the actual voting numbers — ‘within a whisker’ of being elected to the

Greece is the centre of European attention, but as George Osborne met with other EU finance ministers today there was another issue bubbling in the background — Basel III. This had been brewing for a while and is yet one of those matters that threatened to isolate Britain from the rest of the EU (though some would argue this is a good place to be). The Chancellor this morning appears to have agreed to the Basel III accord, which stipulates the amount and quality of capital that banks are required to keep. But this was after much haggling — and an Osborne outburst where he said signing on to the

Elections to the 1922 Committee of Tory backbenchers have always been a test of the relative strengths of the right and left of the party. But this year, the split is between those who are backing the broadly pro-leadership 301 Group slate and those who view the ’22 as more of an alternative voice. The contest has become particularly heated after last week’s fiery meeting of the ’22 Committee. Intriguingly, Stewart Jackson, who was barracked when he tried to defend Nadine Dorries for her ‘posh boys’ attack on Cameron and Osborne, is standing for the executive. Given what he wrote on Sunday and that he resigned as a PPS over

The government is desperate for economic growth but where can it find it? This was the question posed to Eric Pickles on the Sunday Politics today, but sadly he was unable to provide much of an answer. The Communities and Local Government secretary gave a blustering interview, where he reaffirmed William Hague’s view that ‘growth will come from government creating conditions for us to work a little bit harder.’ But when pushed by Andrew Neil on what this (slightly condescending) idea actually means, Pickles jumped on the chance to blame Labour for the ‘something for nothing culture’. Pickles did add that the government’s chosen sources of prosperity are business investment