Society

When Christine Lagarde took over the IMF top job, it was widely assumed that she would simply continue her predecessor’s policy of almost unconditional support for Eurozone bailouts. But Ken Rogoff, the IMF’s former chief economist, has detected a hardening in the IMF’s approach. He thinks that Lagarde’s call for, as he puts it, “forced recapitalization of Europe’s bankrupt banking system” signals a new, tougher approach towards the euro-zone. As Rogoff says, the IMF’s previous approach to the euro-zone simply wasn’t credible. The idea that Spain was really at no more risk of a default than Germany was risible. But, as Rogoff argues, there won’t be a full restoration of

A fortnight ago, The Spectator asked if Cameron was fit to fight? We wondered if he had the gumption to use the political moment created by the riots to push through the radical reforms the country needs.  So, it’s only fair to note that the government has today actually done something—as opposed to just talking about—the excesses of the human rights culture. The Department for Education has stopped the implementation of new regulations that would require teachers to log every incident in which they ‘use force’ with children. These new rules would have made teachers record every time they had pulled apart two kids in a corridor or intervened to

Party politics is back from the summer and the summer’s events are defining the strategic dividing lines. Ed Miliband reopened hostilities by threatening to force a vote on police cuts. The Standard reports: ‘The Labour leader said ministers were being “reckless” in refusing to rethink planned 20 per cent savings following the worst rioting in living memory. Launching a new campaign during a visit to Lewisham, Mr Miliband claimed the cuts, reducing officer numbers by 16,000, would “weaken the forces of law and order on our streets”.’ Policing Minister Nick Herbert, one of the coalition’s stars outside the cabinet, described Miliband’s claims as ‘hypocrisy’, pointing out that Labour did not