All the latest analysis of the day's news and stories
It’s about time. The city watchdog has announced it will take action to improve competition in the current account market. Let’s face it, current accounts are a bit rubbish, aren’t they? Many offer 0 per cent interest no matter the balance, overdraft charges can be extortionate, late payment fees are astronomical and, despite years of
A decision by the competition regulator not to recommend a cap on excessive overdraft charges could be re-examined, the Financial Conduct Authority says. In its report on bank accounts published in August, the Competition and Markets Authority decided against a cap on charges. The BBC reports that the FCA has now announced that it is
Many of my friends are terrified of having babies. It’s the childbirth process that frightens them. And once upon a time I would laugh at their concerns and say something, like: ‘yeah, but it’s all worth it.’ Because I love babies. But now I’m terrified of them too, for different reasons. I was recently asked to prepare
In the final week of the US Presidential campaign, City Index explore how financial markets might react to Trump and Clinton in the White House. There is potential for significant market activity, especially if Trump secures a victory, as investors worry about an unpredictable president at the helm. We may see equity markets and the US dollar
The ‘pursuit of happiness’—an infinitely debatable formulation to describe a distinctively American activity. As Jefferson wrote the phrase as the climax to his triad of inalienable rights, ‘life’ would presumably have been a fairly non-controversial no-brainer, while the peoples of other nations had begun by 1776 to aspire to forms of quasi-democratic ‘liberty’. And then
As the Russian aircraft carrier Admiral Kuznetsov finally nears the eastern Mediterranean, with a trail of ugly black smoke belching from its funnels, it’s a fitting moment to acknowledge some credit where it’s due. For the waves created by President Putin’s flagship as it passed our shores – before steaming into further controversy in Spain – more than endorse the Cameron government’s
Right, that’s it. No more paying through the nose for sun-dried tomatoes. I am boycotting Waitrose and I urge others to do the same. I am not buying my groceries from a company which has caved into the unscientific balderdash coming from the anti-GM lobby. Waitrose has just announced that it will no longer use
Sir John Chilcot isn’t a man who deals in pithy quotes. His Iraq War inquiry report came in at two-and-a-half million words, and even the executive summary was 150 pages long. Yet Chilcot’s assessment of Tony Blair during his select committee appearance this afternoon was about as damning as he could manage. Asked whether the former PM
Early bloopers at PMQs. The session began with Theresa May offering Jeremy Corbyn her congratulations on becoming a grandfather. A mistake. The tribute was due elsewhere. But the improvised hilarities that accompanied this blunder burned up several minutes. Corbyn chose to attack on welfare. Over the last week Labour’s sound-bite factory has supplied their leader
This time last year, George Osborne was the Chancellor of the Exchequer and tipped to be the next Prime Minister. One year on and — in the aftermath of the Brexit result — the MP for Tatton is now a backbencher. Happily, Osborne had a chance to reunite with his old Cabinet friends, aka ‘besties’
Neither Jeremy Corbyn nor Theresa May are PMQs naturals. The jokes and the ad-libs that have become such a feature of the session don’t come easily to them. In recent weeks, Corbyn has started with a parish notice to try and win the chamber over. Today, he congratulated Labour MP Conor McGinn on the birth
Poor old Theresa May. The Prime Minister did her best to try and share some good feeling with those on the opposite benches by congratulating Jeremy Corbyn on the birth of his grandchild. Although it seemed like a rare moment of kindness at PMQs, there was a problem: Corbyn isn’t a granddad. Instead, it was Conor
To the Policy Exchange for the launch of All Out War, Tim Shipman’s tome on the EU referendum. As the Sunday Times political editor welcomed ‘Bremoaners, Brexiteers, esteemed guests and members of David Cameron’s honours list’ to the launch, he spoke of his relief that there were people present who hated each other more than they hated
Press regulation – something of a political hot potato – is top of the agenda once again after Culture Secretary Karen Bradley announced the government was considering ditching plans for a follow-up Leveson inquiry. It’s no surprise that this morning’s newspapers have (almost all) welcomed the news. The Sun says David Cameron left behind a press regulation ‘dog’s
The Spectator’s Parliamentarian of the Year awards, sponsored by Benenden, has already made the headlines. What started out in 1983 as a lunch with two dozen people has turned into the British equivalent to the White House Correspondents’ Dinner – where politicians turn up with their best lines, teasing themselves and each other, with results that routinely
Would you rent out your cat? What about your lawnmower? Or your driveway? That first one may not be practical but new research shows that, as a nation, we are embracing the sharing economy, whether that’s pets, home appliances or our living spaces. It’s good to share. My sister has instilled that virtue in her
It is a great relief that there will be no inquiry into the ‘Battle of Orgreave’ in 1984. The weirdness is that Mrs May’s people ever entertained the thought in the first place. The push for an inquiry is a classic example of the attempt by the aggrieved, usually on the left, to turn history
UK inflation will quadruple to about 4 per cent in the second half of next year and cut disposable income, according to a leading think tank. The rise in prices will ‘accelerate rapidly’ during 2017 as the fall in sterling is passed on to consumers, according to the National Institute for Economic and Social Research.
‘I am a big fan of Hindu… Big, big fan’ yelled Donald Trump during a brief appearance at a bizarre charity event in October, blending Bollywood and Americana patriotism. The ‘Humanity United Against Terror’ concert, organised by the Republican Hindu Coalition, was raising money to combat ‘radical Islamic terrorism’ that specifically targeted Hindus from Kashmir
Once upon a time Republicans routinely accused Democrats of being soft on Russia. Irving Kristol, writing in Commentary in 1952, famously allowed that Joseph McCarthy was a ‘vulgar demagogue’ but emphasised that ‘there is one thing that the American people know about Senator McCarthy: he, like them, is unequivocally anti-Communist. About the spokesmen for American
Today in Parliament, press regulation was top of the agenda. The government secured a Commons victory overturning a Lords amendment to effectively implement section 40 of the Crime and Courts Act, a Leveson recommendation. The Lords passed the amendment — as part of the investigatory powers bill — last month for victims of hacking by newspapers
So, there will be no public inquiry into the Battle of Orgreave in 1984, and no left-wing lawyers making a fortune. Maybe Andy Burnham, who seems to have appointed himself as Shadow Minister for Ancient Grievances, would have got further had he demanded an inquiry that was less overtly political, and looked at the violence
What did Will Straw do to deserve his gong? It’s a mystery which has baffled many – including Mr. S – ever since Straw was handed a CBE for leading the ‘Stronger In’ campaign to a resounding defeat in the referendum. Straw’s inclusion on David Cameron’s resignation honours list was labelled a ‘joke’, while others said it was a clear
As the government considers a ban on unpaid internships, Theresa May has been accused of pursuing a ‘purge of the posh’. Today Alec Shelbrooke appeared on Daily Politics to put forward the case for the ban. Alas, things took a questionable turn when the Tory backbencher decided that there was an apt and fair comparison to be
Among its many treasures, Brexit has spawned a new genre of think piece, the nostalgic ‘what has happened to the Britain I love’ lament in the Guardian. From an Irishwoman here; an Egyptian here; and a German, here. It is sad to see people on the Wrong Side of History clinging to a mythologised, imagined good
Oh dear. It seems Michael Heseltine ought to prepare for a visit from the RSPCA in the next week or so. The former Deputy Prime Minister has admitted to a crime, in an interview in this month’s Tatler. The 83-year-old conservative makes the confession that he strangled his mother’s pet dog, by the name of Kim.
If you thought the public shaming and punishment of people for ridiculing religion was a thing of the past — a dark past when you’d be put in the stocks, or worse, for failing to bend your knee to certain gods and beliefs — then think again. Just look at the treatment of Olympian gymnast
Nuisance calls are the bane of my life – as are unprompted texts. They assault my mobile at all hours, night and day. I find the calls so annoying and invasive that I now leave my phone on permanent silent which kind of defeats the object of a mobile (I don’t have a landline at
HMRC is chasing almost £2 billion that may be owed in taxes by Britain’s wealthiest people, according to the public spending watchdog. The National Audit Office said HMRC’s specialist unit recovered £416 million in 2015 from 6,500 high net worth individuals’ with wealth of more than £20 million. The BBC reports that efforts are ongoing to
Mark Carney’s decision to stay on as Bank of England Governor until 2019 has been widely welcomed. But not everyone is happy about the news. The Daily Mail accuses Carney of being a ‘posturing governor’ and says the staging of his announcement yesterday was in line with much of his conduct: ‘designed to generate maximum publicity’.
If Hillary Clinton does somehow lose the 2016 US presidential election, FBI director James Comey might turn into one of the most hated people on earth — hated even more, perhaps, than the incoming Commander-in-Chief, Donald J Trump. Comey’s curious intervention against Mrs Clinton – in case you missed it, the FBI has announced that it is
After days of speculation – and months of simmering tensions – over the Governor of the Bank of England’s future, Mark Carney has finally revealed his exit plan. Following a meeting with the Prime Minister, Carney announced that he will stay on as Governor of the Bank of England only until June 2019 – three
The Government’s insistence that we should not give away our hand in negotiations with the EU has backfired. It is putting us in a weak position because the primary reason for not giving away your hand is when you are bluffing. We are not bluffing. We are in a strong position and should take maximum
As the Parliamentary Labour Party manages to — uncharacteristically — stay out of the headlines for in-fighting, over on the left of Labour trouble is brewing. A bout of civil war has broken out in Momentum, the grassroots group set up to support Jeremy Corbyn’s leadership. The issue? A disagreement over just how democratic the organisation
