Politics

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

Berlusconi on the brink

Silvio Berlusconi no longer has the support of the majority of Italy’s MPs. That big budget vote was passed an hour ago, but only because 321 of the 630 members of the lower house didn’t vote. Just 308 supported the Prime Minister, leaving him eight votes short of a majority and suggesting he’d lose a confidence vote. This is a result that the global economy could’ve done without, when the need is to move on from Italy’s political problems and start to deal with its economic ones. The yield on Italian bonds, which had settled down earlier after soaring to the euro-era high this morning, have now shot back up

Who will bail out the EU bailout fund?

While all eyes are fixed on Italy’s ever-increasing borrowing rates, a far larger problem may well be emerging. The EU bailout fund, set up to help countries who can’t borrow, may itself have trouble borrowing very soon. A sale this morning of 10-year bonds by the European Financial Stability Facility (EFSF) had a very muted response, barely bringing in the €3 billion it was meant to. This despite the fact that the offer was priced at a much more enticing yield, some 90 basis points (or 0.9 percentage points in non-market lingo) above a previous sale. Mind you, that’s better than last week’s sale, which had to be postponed due

Crunch time in Italy and Greece

Reports of Silvio Berlusconi’s imminent resignation yesterday may have been exaggerated, but it remains to be seen how greatly. He faces a big test today, in the form of a crucial vote on the Italian budget. Berlusconi has proved adept at surviving such confidence votes throughout his time as Prime Minister, but today’s opposition may be too much even for him. In the words of Italian academic Roberto D’Alimonte to the Telegraph: “Nobody knows what the result will be, I think even Berlusconi doesn’t know.” In the last few minutes, Umberto Bossi – the leader of Berlsuconi’s coalition partners Lega Nord – has said that he called on the Prime Minister

Immigration headlines spell trouble for Cameron

So soon after taking on the right over the European Union, David Cameron didn’t want to be seeing negative headlines on another of their hot-button issues. But that’s just what he’s woken up to this morning, thanks to the revelations that the Home Secretary authorised the relaxation of border checks. As James said, May’s performance in the House of Commons yesterday left her looking safe for the time being – not least because of Cameron’s support for her, as evidenced by his sitting alongside the Home Secretary during her statement. But immigration is as potent an issue as ever. Unlike the EU, it’s one that the general public does think

For Sarkozy, AAA stands for austerity

Nicolas Sarkozy has served up his second austerity budget in as many months, in a bid to retain France’s AAA credit rating. The president wants to cling on to those three precious letters at all costs. There are elections in six months’ time and he isn’t doing well in the polls. Austerité Part Deux consists of tax increases and spending cuts totalling €7 billion, the government announced today. There will be increases in VAT and levies on large corporations, as well as curbs on increases in welfare spending. This savings programme follows the €11 billion one announced in August. Sarko’s bid to get re-elected in 2012 is in disarray. According

Which Miliband?

Don’t be too hard on the Independent leader writer and proof readers. Ed or David Miliband? It’s an easy mistake to make. John Humphrys got it wrong on the Today programme back in May, and even Ed’s own deputy, Harriet Harman, slipped up. “I hope we will have David, er, Ed, Ed Miliband elected as Prime Minister at the next election,” she told Woman’s Hour during the Labour conference in September. At least Harman corrected herself, as the Independent now have on their website. This Daily Mail article from June still carries the wrong caption. But this affliction is even more widespread than that. Back in July, YouGov showed 1,265

After the EU

If the EU comes crashing down as a result of the Euro crisis, one thing is certain: the UK will be at the forefront of re-creating the bloc. Not exactly the way it is now, but not a totally different entity either. The reasons for this are three-fold, simple and are about Britain’s interests. First, Britain derives benefits from being part of, and determining the rules for, the world’s largest market. When the world is entering a “no-Doha” future, where pressure for protectionism will rise, there is no substitute for access to a relatively open market of some 400 million people. Neither transatlantic trade, commerce with the Commonwealth or links

James Forsyth

May caught in immigration row

Theresa May has up to now proved remarkably adept at avoiding the political bear-traps that have ensnared so many Home Secretaries in recent years. But she now finds herself caught in a classic Home Office row over who allowed the UK Border Agency to ease passport checks to cut queues during the summer months. James Kirkup has the scoop that ministers approved this decision. Given May’s reputation for keeping her ministerial team on the tightest of leashes, this creates a problem for the Home Secretary. Labour will go at this issue hard. They know it provides them with a populist way to claim that the cuts are endangering the country’s

Just in case you missed them… | 7 November 2011

…here are some of the posts made at Spectator.co.uk over the weekend. Fraser Nelson says Ruth Davidson “could have been designed by a committee of A-lister fantasists”. James Forsyth says the Union needs a champion to take on Alex Salmond. Matt Cavanagh gives his take on the latest immigration revelations. Rod Liddle asks how you lose 124,000 people. Daniel Korski says Labour haven’t figured out a position on the EU either. Alec Ash reports of shocking protests in Tibet. Nigel Jones describes the unique Bonfire celebrations in Lewes. On the Arts Blog, Patrick O’Flynn shares some of The Jam’s hidden gems. And Michael Fallon answers the Book Blog‘s literary questions.

Papandreou to go, but uncertainty remains

The eyes of Europe, which have been focused on Greece all week, will see a slightly brighter picture today – albeit one still engulfed in heavy fog. The good news: a new coalition government will be formed – the government of “national unity” that EU leaders wanted – to approve the bailout package ahead of new elections. Prime Minister George Papandreou will step down, following his aborted call for a referendum on the bailout terms last week. His future had been a major part of the uncertainty surrounding Greece: reports of his resigntion on both Thursday and Friday turned out to be premature, if only by a matter of days.

James Forsyth

The Union needs a champion

The First Minister of Scotland v the Secretary of State for Scotland on the Politics Show today was a non-contest. Michael Moore was hesitant and failed to fill the screen. Alex Salmond was crisp and confident. This disparity between Salmond and his opponents is one of the biggest problems for the Unionist cause. Polls consistently show that most Scots don’t want independence. But every day Salmond is out there making his eloquent—if factually dubious—case for it. There is a real and growing danger that’ll he end up winning by default because no one of stature is countering him. What’s needed is a big figure, preferably a non-political one, to defend

A belaboured EU position

While the Coalition is split over Europe, Labour does not look like they are in a much better position. Ed Miliband told the BBC that he was in favour of the Euro; Ed Balls would presumably tackle anyone to avoid that becoming the party’s policy. Meanwhile Douglas Alexander, Labour’s brainy Shadow Foreign Secretary, has yet to make a game-changing intervention. Their predicament is obvious. Should Labour accept the narrative of renegotiation but opt for different areas to opt out of than those favoured by the Tories? Or should they, like William Borroughs, stand astride history and scream “stop”, arguing for a pro-European position? Seemingly caught between the two views, the

Britannia waives the rules

Today’s immigration headlines have a familiar feel. Twenty four hours after embarrassing revelations about a hundred thousand asylum case files being quietly written off, we now learn that at certain times over the summer, UK Border Agency staff were told not to bother checking people’s passports, or checking them against watch lists for crime and terrorism. The media are understandably dusting off old headlines about our borders being “out of control”, and the Home Office being “not fit for purpose”. The strategy of Conservative ministers in the Home Office is already clear: on the first story, blame the previous government, and on the second, blame the officials, with a number

Bookbenchers: Michael Fallon

This week’s Bookbencher is Michael Fallon, MP for Sevenoaks. What book’s on your bedside table at the moment? David Abulafia The Great Sea: A Human History of the Mediterranean (2011) – a magisterial successor to Fernand Braudel’s survey of mare nostrum. What book would you read to your children? Winston Churchill My Early Life (1930) – inspirational. What literary character would you most like to be? George Smiley – public duty over private. What book do you think best sums up ‘now’? Blake Morrison South of the River (2005) – captures the misplaced hopes of the early Blair years. What was the last novel you read? Pascal Mercier Night Train

The paradoxes of renegotiation

David Rennie (aka The Economist’s Bagehot) has an excellent column in this week’s issue about the difficulties that Britain will face if she tries to repatriate powers from the EU. His main argument, having spoken to a number of senior German politicians and officials, is that if Britain holds up any treaty revisions in the hope of extracting concessions in return, then the other EU states will organise themselves without the UK. The Economist’s former Brussels correspondent also makes the key point that the 10 countries that are outside of the euro are not natural allies for the UK – some, like Denmark, do not want to join the euro,

Fraser Nelson

Reviving the Scottish Tories

The Irn Lady pulled through – and the Scottish Conservatives survived. Had Murdo Fraser won, he would have renamed the party and left David Cameron running an England-only Conservative party. Yes, I can also imagine how much that would have upset them. But the day has been saved. The kickboxing Ruth Davidson, committed to reviving rather than abandoning the brand, has triumphed. She already been hailed as the first openly Glaswegian leader of the party, and her supporters argued that Murdo lacked her charisma which is why his proposition was more radical. I haven’t met either, and can’t comment. Except to say that Scotland remains a very large buffer zone

James Forsyth

Papandreou wins no confidence vote, but appears set to stand down

The political situation in Greece remains unclear this morning. George Papandreou’s government survived last night’s confidence vote. But the main opposition party has rejected the idea of a national government and Papandreou’s finance minister appears to be maneuvering to replace him. Papandreou’s victory in the no confidence vote means that there probably won’t be elections in Greece this year. But the huge difficulties involved in implementing the austerity plan remain. The measures continue to command little public support and the opposition will continue to criticise them. The debt deal proposals will also have to win parliamentary approval at some point soon and the French and the Germans are, The Independent