Politics

Ministers will be taking heart today that they seem to be finally breaking into buoyant markets outside the European Union. Figures from the Centre for Economics and Business Research show that for the first time the UK is exporting more to non-EU countries than it has been to its traditional main export market within Europe. Over the past three months, 51 per cent of British exports went outside the EU. Exports outside the EU have risen 13.2 per cent, while exports within the EU have fallen by 7.3 per cent. It is the first time since the 1970s, according to the CEBR, that non-EU exports have overtaken those inside the

With Parliament heading off for recess, politics will — barring some unforeseen event or the Eurozone crisis moving into one of its acute phases — be dominated by the Olympics for the next few weeks. David Cameron will be hoping that the global CEOs arriving in town will bring some good investment news with them. Boris Johnson, meanwhile, will revel in the global media attention. Indeed, Boris is already demonstrating an ability to brush off the organisational hiccups that other politicians can only envy. But most ambitious Tories will spend the summer thinking about the reshuffle, currently pencilled in for the third of September ahead of a Tory parliamentary dinner

The cabinet is out and about today, trying to smooth feathers ruffled by last week’s Lords reform row by splashing out on £9 billion worth of investment for railways. Today’s announcement by David Cameron and Nick Clegg is, as much as anything else, an attempt to put into practice the Prime Minister’s claim yesterday that the coalition is still capable of making real progress on big issues, despite differences on constitutional reform. Handily for Nick Clegg, today’s announcement may also encourage some friendly feelings from his own constituents, as it includes electrifying the line between Bedford to Sheffield. But the work isn’t starting tomorrow, which means this announcement could be

The battle for control of the White House is, of course, the big US politics story of the year. But what about the building at the other end of Pennsylvania Avenue — the Capitol, which houses Congress? All 435 seats in the House of Representatives are up for re-election, as well as 33 of the 100 Senate seats. Currently, the Democrats control the Senate, with 51 Senators and two independents who caucus with them. But it will be tough for them to retain control, as they are defending 23 seats this time to the GOP’s 10 — and most of the seats up this time were last up for election