Society

Oh dear. Mark Carney is irritated. His proud independence has been challenged. The Prime Minister had the temerity to admit that she was not altogether thrilled with his ‘super-low’ interest rates and quantitative easing. These policies meant that people with assets got richer, she pointed out. ‘People without them suffered… People with savings have found themselves poorer.’ Mr Carney found this intolerable and haughtily rebuffed her, saying, ‘The policies are done by technocrats. We are not going to take instruction on our policies from the political side.’ Back in your box, Mrs May. Carney’s in charge! As they clash, it is increasingly hard to remember what a bright day it

So, inflation has gone up. Unexpectedly, it rose to a 22-month high of 1 per cent this week, with the full force of a weak pound and other rising prices fuelling the leap. This means more bad news for savers who are already concerned about the eroding power of inflation on their cash. The rise caused a bit of a shock, as many economists had predicted a much smaller increase to 0.8 per cent, up from 0.6 per cent the month before. Now adjusted analysis shows we could see inflation exceeding the 2 per cent target as soon as next year. What does this all mean for savers? Well, there is currently

On Monday, Amber Rudd found herself in a difficult position in the Commons over the Home Office’s blunder-ridden child sexual abuse inquiry. In response to an urgent question from Lisa Nandy, she was forced to confess that despite her previous statements, she had known that Dame Lowell Goddard quit as chair amid allegations of racism rather than loneliness. Now onto its fourth chair, Alexis Jay, MPs are fast losing patience with the inquiry. While Rudd has the undesirable task of taking the heat over an inquiry set up by her boss Theresa May, today it was the turn of Home Office staff and inquiry members to offer their version of events to the Home Affairs

There’s always one. One colleague, friend or family member who starts banging on about Christmas months in advance. One smug person who risks a punch in the face for boasting ‘I’ve done all my Xmas shopping’ before the clocks have gone back. Thanks all the same but I don’t want to know how many days it is until December 25. I have no interest in seeing the M&S festive range. And I have zero appetite for a sneak preview of the John Lewis Christmas ad. Don’t get me wrong, I love Christmas and all that it entails. The bulging stocking (yes, my mum still does this), the tin of Quality Street, the

The fall of the pound has been the political event of the week, but is it all bad news? Many thanks to Civitas for allowing us to republish the below essay, an extract from a pamphlet (pdf) about the merits of a low currency and case for keeping the pound at its new competitive levels.  Many people in the market and much of the commentariat are currently concerned with the recent weakness of the pound on the exchanges. They are barking up the wrong tree. The real sterling crisis is that the pound has been too high. Accordingly, the Brexit-inspired bout of sterling weakness was extremely good news for the

The seasonal challenge to submit a poem about autumn in the style of the poet of your choice was predictably popular and brought in a stellar entry: high fives all round. There were a couple of nifty twists on Philip Larkin; G.M. Southgate’s autumnal take on his poem ‘The Trees’, for example, which begins: The trees are falling out of leaf Like something almost being lost They’re waiting for the autumn frost The summer has been all too brief And here’s a taste of Basil Ransome-Davies’s clever reworking of ‘This Be the Verse: They let you down, the leaves on trees That get the accolades in spring, But five months

Both Brendan and I have written about the strange martyrdom of Louis Smith.  But here is an ugly coda. As readers may recall, the Olympic athlete got drunk at a friend’s wedding and, along with a friend, ended up doing a joke version of the Muslim call to prayer. Something to do with Aladdin apparently. Anyhow, before they knew it the phone-video had made its way onto social media and from there to The Sun. Soon sinister Muslim spokespeople were reminding everyone that their religion was to be ‘respected’ and never to be ‘mocked’. Smith has apparently been getting death threats since then. All of which tells us nothing new