Latest from Coffee House

Latest from Coffee House

All the latest analysis of the day's news and stories

Employment, overdrafts, consumer spending and pensions

Employers have responded to the new National Living Wage by increasing prices or reducing profits rather than cutting jobs, according to a survey from the Resolution Foundation. The wage, which requires employers to pay staff aged 25 and over at least £7.20 an hour, was introduced in April. This report is the first snapshot of how firms

Steerpike

Momentum chief: winning elections is for political elites

Oh dear. Today Jeremy Corbyn fuelled concerns that he isn’t interested in winning power when he failed to say that winning a general election was a priority, during an appearance on the Andrew Marr Show. Now Jon Lansman, the Momentum chief, has waded into the ‘should winning matter to a major political party?’ debate. After tweeting

Isabel Hardman

Angela Eagle threatens Labour leadership bid on Monday

Finally, the Labour coup is about to begin. Or at least, Labour MPs are talking about the fact that the Labour coup is about to begin, after weeks of threatening it. After talks between the party’s Deputy Leader Tom Watson and Labour’s trade union backers broke up today, Angela Eagle has said she will launch

James Forsyth

May must sound optimistic about Brexit

Theresa May’s biggest weakness in the Tory leadership race is that she backed Remain while most Tory members went Leave. But, as I say in The Sun this morning, if she can sound confident and optimistic about Brexit, then she will win and become Britain’s next Prime Minister. May needs to make clear that now

Spectator competition winners: when sportswriting turns purple

The invitation to supply a report on a Uefa Euro 2016 match written in the florid style beloved of some sportswriters produced entries of inspired awfulness. How about this, from Mike Morrison: ‘The craven defence unravelled like cartoon knitwear, enabling Dottirdottir, the archetype of stoic strategy, to blithely torpedo the decider through the enmeshed architraves

Ross Clark

Sajid Javid is grabbing the Brexit bull by the horns

While frustrated Remain campaigners continue to speak of economic Armageddon, a very significant move happened yesterday. Business secretary Sajid Javid flew off to Delhi to begin preliminary negotiations for a trade deal between Britain and India. It is significant because this is exactly the sort of deal that we have been forbidden from doing for

Steerpike

Is Andrea Leadsom’s campaign already in breach of parliamentary rules?

Since Andrea Leadsom announced her leadership bid, the Conservative candidate has been dogged by allegations that she lacks the experience and knowledge to lead her party — let alone the country. Reports this week from Leadsom’s former colleagues claiming she exaggerated her banking credentials on her CV have only fuelled concerns that she could be out

Isabel Hardman

What has happened to Labour’s coup?

Things have gone mysteriously quiet in the Labour party. Every so often, Len McCluskey and Tom Watson emerge from a meeting, asking their comrades to give them a little bit more time before any of them move against Jeremy Corbyn. And nothing seems to happen. How much more time do the plotters need to give

‘Invisible spending’ is turning us into a nation of Micawbers

You don’t have to be an economist to know that if you spend more than you earn, you’re in trouble. As Micawber famously said in David Copperfield: ‘Annual income twenty pounds, annual expenditure nineteen pounds nineteen shillings and six pence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.’

Cheap mortgages, property funds and pension complaints

Mortgage rates are continuing to drop, as the markets bet on a cut in interest rates next week. A 10-year fixed rate launched by Coventry Building Society is thought to be the cheapest such deal on record at 2.39 per cent. The BBC reports that Barclays, HSBC, Metro Bank, the Leeds and the West Bromwich Building Society

Steerpike

Revealed: Andrea Leadsom’s recipe for a perfect British society

After Michael Gove was knocked out of the Tory leadership race in today’s vote, Theresa May will go head-to-head with Andrea Leadsom in the race to be the next Prime Minister. So, with a prospect of a Leadsom-led government now looming, what would Leadsom’s Britain look like? Thanks to an old blog dating back to

Ross Clark

Labour preach feminism. Tories practise it

So now it is certain: the Conservatives will produce Britain’s second female Prime Minister, after Andrea Leadsom eliminated Michael Gove from the leadership contest and will now go head-to-head with Theresa May in a vote of Conservative members to be announced on 9 September. So why isn’t the Left cheering this social advance? Instead, the

Toby Young

I’ll vote for Theresa, but only if she passes these three tests

I’ve made no secret of the fact that I wanted Michael Gove to be in the final two in the Conservative leadership race and I’m disappointed that he isn’t. As a Conservative Party member, I’m willing to vote for Theresa May, but on three conditions. First, she commits to repealing the 1972 European Communities Act. I’m

Steerpike

Watch: Andrea Leadsom’s march of the zombies

As Andrea Leadsom’s leadership campaign has progressed, a number of holes have surfaced when it comes to the Brexit champion’s suitability to be leader. In fact, Leadsom’s campaign was dealt a significant blow yesterday when it surfaced that she had amplified her CV somewhat. Today Leadsom’s supporters are keen to show that they still stand by their candidate. To

Theo Hobson

Brexit was reckless but not immoral

I voted Remain. I felt that the arguments for and against Brexit were pretty evenly balanced, except in terms of economic risk – and maybe geopolitical risk. So why risk it? But we did risk it. A reckless move, but not a morally indefensible one, as most Remainers are now saying. Let me explain why

MPs must stop indulging their bizarre Andrea Leadsom fantasy

A specific nightmare keeps occurring to me.  It is an episode of Prime Minister’s Questions in which Jeremy Corbyn and Andrea Leadsom face each other across the dispatch boxes. Unlike most of the world, including most of the Conservative party, I had heard of Andrea Leadsom before a week last Friday – indeed had spent

The Spectator podcast: It is time for a new workers’ party

To subscribe to The Spectator’s weekly podcast, for free, visit the iTunes store or click here for our RSS feed. Alternatively, you canfollow us on SoundCloud. It has been another extraordinary week in politics. Nigel Farage resigned as Ukip leader, Labour MPs are still trying – but failing – to get rid of Jeremy Corbyn, and the