Society

Wednesday

Spectator Money

The world has gone whisky mad

Last September, Henry Jeffreys wrote in these very pages about the trend for rare whiskies and how – if you’re thinking about investing in alcohol – they might be a better bet than first-growth clarets. He told us of how whisky writer Ian Buxton ‘told me about visiting the Bowmore distillery on Islay in the 1990s and seeing bottles of Black Bowmore 30-year-old whisky gathering dust and priced at around £100 a bottle. One sold this year at auction for £11,450.’ ‘The world’, wrote Jeffreys, ‘has gone whisky mad’. So, bearing that in mind, it will come as little surprise to regular Spectator Money readers that a bottle of very

Douglas Murray

Watch: Cathy Newman’s catastrophic interview with Jordan Peterson

In the magazine this week I have written a piece about the Canadian Professor Jordan Peterson. He has been in the UK over the last week to talk about his new book 12 Rules for Life: An Antidote to Chaos. Among many other things – much more of which I go into in the piece – his visit showed up the UK’s broadcast media in a very bad light. On Saturday morning, Peterson made an appearance on Radio 4’s Today programme. They gave him a hurried four minutes at the end of the show. They could have quizzed him on almost anything and got a point of view different from almost

Damian Thompson Damian Thompson

Is social media doing the Devil’s work?

Twitter brings out a mean streak in some people that can take the breath away. And I should know. I was re-reading my old tweets the other day and thinking: good God, if this was my actual conversation at a dinner party I’d have to get my coat – remember the bloke in The Fast Show? – right after the soup. In the new Holy Smoke podcast, I’m joined by Harry Mount, Lara Prendergast and Freddy Gray to discuss the warping of our personalities by social media. Also, the complete failure of religious leaders to address the moral dilemmas it throws at us every day: bishops, being hopeless at Twitter

Ed West Ed West

The Bayeux Tapestry is coming home at last

The Entente Cordiale is alive and well, it seems. It was announced today that, thanks to the benevolence of Emmanuel Macron, the Bayeux Tapestry will leave France for the first time in nine centuries, and be loaned to Britain. Strictly speaking, though, you could say the tapestry was coming home, since it was almost certainly made in Kent, by English women toiling under the Norman patriarchy. It tells the story of the most famous battle in English history, an event that helped to define not just Anglo-French relations but also England’s ingrained class differences. I was being facetious when I made the comparison in 2016 between Anglo-Saxon Leavers and Norman Remainers, but our

Tuesday

Spectator Money

Best Buys: Variable rate cash ISAs

The ISA limit for this year is set at £20,000, and with many bank accounts offering minimal interest, it might make sense to consider an ISA – no matter how small your savings might feel. Here are the best variable rate cash ISAs on the market right now, from data supplied by moneyfacts.co.uk.

Isabel Hardman Isabel Hardman

The case for more NHS cash is growing

Theresa May likes to boast at Prime Minister’s Questions that mental health spending is increasing. The problem is that this is rather difficult to see on the ground. The King’s Fund today published a report saying the gap between spending on hospitals and mental health widened further in the last year. The think tank even said that there was an increased risk to patient safety in more than a half of mental health trusts because of staffing shortages, and that ‘the government’s mission to tackle the burning injustices faced by people with mental health problems will remain out of reach if things stay the way they are’. The King’s Fund’s

Ross Clark Ross Clark

Has the era of low inflation really come to an end?

How many times have you heard in recent months that the era of low inflation is at an end?  The case for that assertion is beginning to look somewhat shaky. This morning brings news that the rate of inflation last month – at least as measured by the Consumer Prices Index (CPI) – fell slightly in December from 3.1 per cent to 3.0 per cent. While that is hardly a dramatic move it shows that, once again, the surge in inflation predicted by some has failed to materialise. Now that the inflationary effect of a fall in the pound in the second half of 2016 has dropped out of the

Tom Goodenough Tom Goodenough

What the papers say: Carillion represents a catastrophic failure by politicians

Theresa May has said the collapse of Carillion is ‘extremely regrettable’. But with tens of thousands of jobs at risk and the firm’s numerous contracts now in jeopardy, ‘it is worse than that’, says the Times. The paper argues that the outsourcing giant’s ‘failure calls into question the government’s ability to agree and manage contracts with such companies’. It also raises another question: why did ‘ministers fail to anticipate this fiasco’? After all, the firm’s troubles were no secret: Carillon has issued a number of profit warnings and hedge funds have been betting against the firm for a number of years, the Times points out. Despite this, ‘Carillion was contracted

Monday

Robert Peston Robert Peston

Carillion’s collapse ends the love affair between governments and private contractors

If I am reeling from the collapse of Carillion it is because the company, the banks, its advisers and the government apparently thought it was worth having a conversation about a possible bailout of the outsourcing and construction company. Because what we learned this morning is that the gap between Carillion’s debts and the value of its assets is big, and that a significant number of its contracts are toxic. If that were not the case, if many of its businesses were fundamentally viable and valuable, Carillion would have been put into administration, a form of life support, under insolvency rules. And instead it is being liquidated, under the auspices

Steerpike Steerpike

John Humphrys, equal pay crusader

It’s been an awkward week or so for John Humphrys. The Today programme presenter – who is thought to earn over £600,000 per annum – found himself in the naughty corner when an audio surfaced of Humphrys appearing to make light of his colleague Carrie Gracie’s decision to stand down as China editor over ‘pay discrimination’. His comments were met with fury by many BBC colleagues concerned over the corporation’s gender pay gap. So let’s spare a minute to pay tribute the bright spark at the Beeb who decided it would be a good idea to get Humphrys to grill the Guardian‘s Katharine Viner over potential gender pay imbalance at the

Brendan O’Neill Brendan O’Neill

The #MeToo movement’s feminist dystopia

It’s here, at last: the backlash against #MeToo. Finally people are sticking their heads above the parapet and asking if perhaps #MeToo has gone too far. They’re braving the inevitable fusillade of shaming tweets and accusations of ‘rape apologism’ to raise awkward questions about this hashtag movement. They’re wondering out loud if this movement that started life with the noble goal of exposing male abuse of women has now become too trigger-happy, too keen to demolish men on the basis of accusation alone, and too happy to go along with a view of women as fragile creatures in need of chaperoning. #MeToo’s dissenters have arrived, and about time too. The

Nick Cohen Nick Cohen

How to ban newspapers and influence people

How to signal your virtue is one of the most perplexing problems in modern etiquette. It has to be done, obviously. No one can get on in life, or at least on Twitter, without making clear to friends and strangers that they are for good things and against bad things. So pressing has the need for self-promotion become, people stop me in the streets and ask: “How do I do it, Nick? How do I boost my profile and maybe getting a slot on Radio 4, while I’m about it?” I’m tired of being bothered, so I’ll put my reply on the Web. The path of the self-righteous is strewn

Stephen Daisley Stephen Daisley

A digital toolkit for young Tories

OMG. New Conservative chairman Brandon Lewis has announced a ‘digital toolkit’ to help young right-wingers battle the Left on social media. Lewis wants ‘more of our activists and people who support some of the principles we’re outlining… getting out there in the digital world saying so and spreading that message with us’. To that end, he will be supplying Tory students with ‘graphics, Gifs and videos’ to communicate party values and policy positions. Srsly? Srsly. Lulz. I’ve had a sneak peek at one of Lewis’s starter packs. It looks promising… Draw on all the latest online internet memes to get your point across Say things like: ‘Charlie bit your finger?

Lucy Vickery

Spectator competition winners: ‘Of January wary be!’ (plus: a presidential patter song)

In the brief for the latest challenge — to submit poems entitled ‘January’ — I mentioned William Carlos Williams, R.S. Thomas and Dante Gabriel Rossetti, as all of them wrote poems with ‘January’ as their title. But that most maligned of months also lands a starring role in the opening stanza of George Barker’s charming ‘January Jumps About’: ‘January jumps about/ in the frying pan/ trying to heat/ his frozen feet/ like a Canadian…’ Freezing temperatures were very much on your minds, too, and for Jayne Osborn they are a cause for celebration: ‘Being constantly hot is tremendous fun – not!/ and although I have yet to reach ‘old’,/ it’s

Steerpike Steerpike

The economics of fish and chips

When you pay £8 for fish and chips, where does the money go? That’s the question one restaurant has been busy answering after a customer left a two-star review on Facebook. It wasn’t that there was anything wrong with the food – in fact it was ‘lovely’ and the staff were ‘amazing’. But Debbie Davies still felt the need to complain to Oxton Bar and Kitchen over the price for the meal – £8. Happily, staff at the restaurant were happy to provide clarity: ‘Ok Debbie. Where do I begin? Out of that £8, our nasty government is charging you 20% vat which we collect by law on their behalf, so

Tom Goodenough Tom Goodenough

What the papers say: Chris Grayling has questions to answers after Carillion’s collapse

Carillion is set to go into liquidation, putting at risk thousands of jobs and leaving question marks hanging over its involvement in major government projects, including HS2. The firm’s troubles are hardly new: repeated profit warnings have been issued in recent months. Yet still new contracts were handed to the company by ministers. Why? The Times points the finger at the transport secretary, saying that Chris Grayling ‘is at the centre of a mess of his own making, and there is nothing funny about it’. The paper points out that shortly before the contractor won ‘lucrative deals for work on the HS2 rail line’, the ‘unexpected profit warning’ troubled investors

Jamie Bartlett

Should we believe the hype about blockchains?

Blockchain is an idea whose time has come. By which I mean it’s still mostly an idea, and is currently the only thing tech people want to talk about. But it’s in danger of getting hyped out of control, which in the end will damage it. So what actually is a blockchain? Very broadly speaking, a blockchain is a way to store information. Boring, yet possibly revolutionary. A copy of every transaction between people is stored on a chronologically ordered, secure database, and identical copies of that database are hosted on multiple computers. New transactions can only be added once they have been verified by other computers, and it’s not possible to

Sunday

Giles Kenningham

Would Winston Churchill have survived public life in the age of Twitter?

It used to be the case that tabloid stings struck the fear of God into politicians and celebrities. Now social media is claiming the scalps of public figures on an almost weekly basis.  Quite simply, life is on the record 24 hours a day, seven days a week. If you want to enter public life brace yourself for one long reality TV show. Privacy is dead and thanks to the advent of the camera phone everyone is now a journalist. There is no hiding place. If you’ve got a fondness for tweeting be aware it’s not a place for nuance. As a wise man once said, too many tweets make

Steerpike Steerpike

Guardian’s tabloid makeover

Here we go. As of Monday, the Guardian is a tabloid – in the physical sense anyway. The paper’s editor Katharine Viner has revealed the new look paper online – complete with masthead: https://twitter.com/KathViner/status/952647642517049344 RIP Berliner…

The Spectator

Something’s gone badly right with the world economy

It is only a few months since gloomy economic commentators were confidently predicting that the world was about to plunge into a dark era of protectionism. Yet the global economy begins this year in its healthiest state ever, growing faster than any time since 2011. There has been a change in political rhetoric, but not in the willingness of people around the world to trade with each other. According to the OECD’s most-recent projection, made in November, world trade grew at 4.8 per cent last year. Something seems to be going badly right. Negative sentiments about the world economy echo those which have hung over Britain’s economy ever since the