Politics Archives

Friday

7 Oct 2022

Will Truss’s growth target gamble pay off?

Liz Truss has bet the house on growth. The Prime Minister and Chancellor formally gave themselves the target of a 2.5 per cent growth rate in last month’s mini-Budget. But at the Conservative party conference this week, Truss used her speech to frame her premiership around growth, singling out as her enemies anyone she deems part of the ‘anti-growth coalition’. Anything the government does now needs to be approached with caution rather than revolutionary zeal As I say in today’s Telegraph, this was perhaps Truss’s most savvy political move to date. If the Prime Minister has had any success so far, it’s been to completely refocus the national narrative towards

James Forsyth

Are Truss and Macron now ‘bons amis’?

13 min listen

Liz Truss attended the European Political Community summit in Prague, where her frosty relations with Macron came to a head. Rather than ‘frenemies’, there were signs of thawing relations between the two. After years of diplomatic tensions over Brexit, immigration and energy, can the two leaders kiss and make up? Katy Balls speaks to Isabel Hardman and James Forsyth. Produced by Max Jeffery and Natasha Feroze.

Ross Clark

Truss is foolish to block Rees Mogg’s energy saving campaign

When you have defined yourself against the nanny state and scorned the idea of limiting supermarket ‘two for one’ offers, it is only natural that you will go on to reject the case for a £15 million public information campaign to try to persuade people to take fewer baths and turn their thermostats down. The Prime Minister has rejected such a campaign in spite of it being backed by her business secretary, Jacob Rees Mogg – putting Rees Mogg in the unlikely position of the nation’s nanny-in-chief. These kind of campaigns have a bit of a poor history, as anyone who remembers the 1976 drought will recall. Hapless minister for

Tahra Jirari

Biden is playing politics with his marijuana pardons

In a somewhat shocking turn of events, president Biden has pardoned all people with federal convictions for simple marijuana possession and asked his administration to reconsider the way marijuana is classified in current code. In his remarks yesterday, Biden said: ‘Too many lives have been upended because of our failed approach to marijuana. It’s time that we right these wrongs.’ While this is a major step toward decriminalising marijuana, the key terms here are ‘federally convicted’. The number of people who are currently serving time for marijuana possession, excluding trafficking convictions, leaves only around 6,500 in prison — not including those who fall under the federal code. This pardon is

Angus Colwell

Putin at 70: How The Spectator has covered his life

Vladimir Putin turns 70 today. Since he became Prime Minister of Russia in 1999, some of The Spectator’s greatest contributors have asked the perennial questions: who is Putin, and what does he want? We’ve compiled the following pieces from our fully-digitised archive. ‘Joking with a nine-year-old boy at a televised awards ceremony by the Russian Geographical Society, President Vladimir Putin said: ‘The Russian borders don’t end anywhere.’’ Portrait of the Week, 1 December 2016 Appointment as Prime Minister ‘Not surprisingly, given his background, Putin has a lugubrious and somewhat sinister manner. Perhaps more importantly he has never stood for election to anything and his one dabble in democracy, managing the re-election

James Kirkup

Liz Truss’s fate rests with the Bank of England

James Carville, an ostentatiously aggressive adviser to Bill Clinton, once said that when he died, he wanted to be reincarnated ‘as the bond market – you can intimidate everybody’. Carville and Clinton had learned something that a lot of people in UK politics seem to be overlooking. The bond market, where government loans (gilts, in the UK) are traded, can decide what governments can – and cannot – do. It can also determine whether governments survive. But because bonds are boring and a bit complicated (yields go up as prices go down – what does that even mean? And what on earth is a yield curve?) they don’t get enough

Thursday

6 Oct 2022

Mark Galeotti

Crash course: how the Truss revolution came off the road

37 min listen

On this week’s podcast: As Liz Truss returns from Conservative Party Conference with her wings clipped, has she failed in her revolutionary aims for the party? James Forsyth discusses this in the cover piece for The Spectator, and is joined by former cabinet minister and New Labour architect Peter Mandelson to discuss (01:08). Also this week: Is it time that the West got tough with Putin? Mark Galeotti writes in this week’s magazine about the likely scenarios should Putin make good on his thermonuclear threats. He is joined by Elisabeth Braw, fellow at the American Enterprise Institute, to consider how the West should respond (13:14). And finally: Anthony Whitehead writes about

Cindy Yu

Has Team Boris turned on Truss?

17 min listen

Nadine Dorries, a loyalist to Boris Johnson, has a front-page piece in the Times today, accusing the new Liz Truss government of lurching too far towards the right. As someone who previously backed Liz for leader, is there a growing sense that people wish Boris never left? Also on the podcast, the National Grid has suggested we may face blackouts this winter – how likely is this? And will we end up relying on energy supplies from the French? Cindy Yu speaks to Katy Balls and James Forsyth. Produced by Natasha Feroze.

Steerpike

Sadiq Khan’s strange stabbing statement

What an odd thing Sadiq Khan said following this morning’s stabbings in central London. Shortly before 10 a.m., three people were attacked by a man on a bike in Bishopsgate. The criminal is still at large, according to the Telegraph. This horrifying incident was no surprise to Londoners, so you would think that the Mayor would – from experience – strike the right chord. Instead, Khan had this to say: The good news is, it’s not a terror attack. And another piece of good news is the three victims of the stabbing are not in life-threatening situations, thank God. But it’s just a reminder of the dangers of carrying a knife… Where was

Stephen Daisley

The preventable death of the Scottish Tories

The Ruth Davidson era is over. It has been three years since the now Baroness Davidson stood down as leader of the Scottish Tories, but the last decade of opposition politics has belonged to her. It was Davidson who parlayed opposition to independence into tactical support for the Scottish Conservatives, convincing a section of older, blue-collar Labour voters to lend her their vote to stop the SNP. In doing so, she took the Tories from third to second place at Holyrood and, in 2017, to their biggest win in a general election since the days of Margaret Thatcher. What she failed to do was make the Scottish Tories a viable

Katy Balls

The Justine Roberts Edition

26 min listen

Justine Roberts is the CEO and founder of Mumsnet. A website that makes parents’ lives easier by pooling knowledge, advice and support on everything from baby names, and household tips, to who they’re voting for in the next election. On the podcast, Justine talks about being a young girl from Surrey, mad about Liverpool football club and spending her years at Oxford University on the sports field. She worked as an investment banker and journalist before having a light-bulb moment on holiday with her one-year-old, which inspired the inception of Mumsnet. Produced by Matt Taylor and Natasha Feroze.

Michael Simmons

How likely are the lights to go out this winter?

Britain will make it through the winter without the lights going out. That’s the view of the National Grid, which is responsible for Britain’s energy system. You’d be forgiven for thinking otherwise based on the BBC’s headline: ‘Homes face winter power cuts in worst-case scenario, says National Grid’. But Fintan Slye, executive director of the grid, offered some words of reassurance: ‘Under our Base Case we are cautiously confident that there will be adequate margins through the winter period.’ In other words: the lights won’t go out. In the scenario considered most likely, we’ll be left with a small margin of six per cent – or just under four gigawatts (GW) of unused

Dalibor Rohac

Many Europeans continue to yearn for British leadership

Liz Truss’s mind was probably elsewhere when she arrived in Prague for the inaugural summit of the European Political Community (EPC) today. After precipitating a financial panic, backtracking on tax reform plans, and seeing her approval rating plummet to -37 within a week, the Prime Minister has a lot on her plate. It would be a mistake, however, for the PM not to seize the opportunity to strengthen the leadership role the UK is currently enjoying among much of Central and Eastern Europe, and the Nordic states. Despite its French DNA, the idea of an EPC is a sound one. There is an urgent need for an intergovernmental platform where EU members

James Forsyth

Opec’s oil cut spells more bad news for Brits

Liz Truss joins other European leaders in Prague today at the first meeting of the European Political Community. Truss’s presence is sensible, a reminder of Britain’s point that it left the EU, not Europe as a whole. It should also help relations with Emmanuel Macron given how much he has invested in this project. One of the subjects discussed will be energy. The conversation will focus on Putin’s weaponisation of energy and how to keep the lights on this winter. But the anti-Russian alliance has suffered a blow after the news that the Opec+ countries, which include Saudi Arabia and Russia, are going to cut oil production by two million

Ali Ansari

Iran’s leaders are fighting a losing battle

Iran’s rulers are holding firm. The country’s Supreme Leader Ayatollah Khamenei has expressed sorrow at the killing of Mahsa Amini – who died last month after being arrested by the state’s morality police – while squarely, and unsurprisingly, blaming foreign agitators for the protests that have followed. Ominously, Khamenei has said the protestors are not ‘real Iranians’ – a statement which echoes his crocodile tears in 2009 before he unleashed a bloody crackdown. Protesters have a key advantage over the regime Hundreds died during those and subsequent demonstrations, in 2017 and 2019, as state security forces struck back against ordinary Iranians who had taken to the streets. In the coming weeks, it seems depressingly

James Forsyth

Crash course: how the Truss revolution came off the road

Liz Truss and Kwasi Kwarteng wanted to shake things up. They were radicals in a hurry, keen to show that Britain was under new economic management. Theirs would be an unapologetic pro-growth agenda: no more genuflection in front of failed orthodoxies, no more being paralysed by fear or criticism. As a sign of this, they abolished the 45p tax rate for the highest earners: a move that many Tories longed to make, but did not dare. It seemed Truss and Kwarteng would leap in where other Conservatives feared to tread. This lasted just ten days. As the tax plan was reversed and No. 10 licked its wounds, there was much

Wednesday

5 Oct 2022

Kate Andrews

Will the free-market cause ever recover from Liz Truss?

In theory, I should be delighted about the Liz Truss project. She is saying the things I’ve been arguing for years: talking not just about lower taxes but about basic liberty and how it relates to everyday life. She’s passionate about these ideas – and sincere. I remember watching her deliver a rallying cry, a salute to the ‘Airbnb-ing, Deliveroo-eating, Uber-riding freedom fighters’. This was just over three years ago when she was a Treasury minister. Her speeches were getting punchier and her one-liners becoming newsworthy and memorable. She was turning into one of the most recognisable faces of classical liberalism in Britain – a development which clearly delighted her.

Katy Balls

Could it be Rishi by Christmas?

What was supposed to be a recovery moment for the Conservatives instead looks like a collective nervous breakdown. The Prime Minister has been forced to U-turn on her flagship tax plan. Her cabinet is in open rebellion. Tory party conference resembled a civil war. The latest polling suggests the party is heading for electoral extinction. And that’s after just four weeks of Liz Truss’s premiership. ‘I know we have had a series of crises but this one really feels like the worst yet,’ says one seasoned government aide. Some Truss supporters are showing signs of buyer’s remorse. ‘I didn’t know it would be this bad,’ says one MP who backed

Douglas Murray

Things can always get worse

As I was saying, way back in July, it is hard to love the Conservative party. Every time it tries to navigate another bend in the road it ends up causing a disaster even its most ardent critics could not have foreseen. ‘Things can’t get any worse,’ said rebels in the party while Boris Johnson was still PM, before the summer. Then we were introduced to Liz Truss. Now, within weeks of her taking office, you can hear members of the parliamentary party saying with vigour: ‘She has to go.’ At which point I feel the country wanting to place our collective heads in our hands, yell and walk away.

Mark Galeotti

How should the West respond to Putin’s threats?

Vladimir Putin clearly wants us to worry that he is crazy enough to use a tactical nuclear weapon in Ukraine. This fear was intensified this week when images surfaced that some – possibly in error – believed showed a train operated by the secretive nuclear security forces moving towards Ukraine. Despite this, many believe the likelihood of a nuclear attack remains extremely low. Yet it is a plausible enough threat for the West to be considering how it should respond if Putin were to unleash one. Russia has an estimated 1,900 non-strategic nuclear weapons (NSNWs), from artillery shells to warheads for missiles; their yields range from a mere 0.5 to