All the latest analysis of the day's news and stories
So farewell, then, David Cameron. I suspect we’ll miss him when’s gone, but then he probably entered Downing Street 20 years too early, a product of a culture that fawns over youth and undervalues wisdom. At least Theresa May is a good decade older than him, although Kenneth Clarke, at 76, should have been considered
Although a few uncertainties have been removed from the political landscape in recent days – hail Empress Regnant Theresa May – it would be a mistake to think that normality has now returned to the financial world. Far from it. Uncertainty rules. Sterling still treads the low – rather than the high – paths while
The award for most pathetic remark of the week goes to Tim Farron who earlier released a press statement saying this: ‘Just 13 months after the last election the Conservatives have plunged the UK into chaos. It is simply inconceivable that Theresa May should be crowned Prime Minister without even having won an election in
Britain’s gold-plated pensions now have record-breaking liabilities of £1.75 trillion. The Telegraph reports that the EU referendum triggered a rout in their core gilt and equity holdings. The UK has almost 6,000 defined benefit schemes – plans which pay members an amount in retirement tied to their final salary. Just 950 of these schemes were
After Tuesday’s vote of Labour’s National Executive Committee, Jeremy Corbyn is automatically on the ballot in any leadership contest. So, with the prospect of a Corbyn-led Labour for the rest of eternity (or until he retires) now looking likely, it’s little wonder his team were in the mood to celebrate last night. In fact there was only one
Owen Smith has officially thrown his hat into the ring for the Labour leadership contest. But the question on many people’s lips is: who is he? A recent poll of Welsh Labour voters showed that 69 per cent had no idea who Smith was. So whilst Angela Eagle’s leadership bid launch might have been overshadowed
On the day Theresa May takes control at No.10 in a comparatively seemly transition, the Labour party is in the midst of the biggest crisis in its history. Jeremy Corbyn will be on the ballot paper in what looks set to be a messy and fractious leadership contest. He also looks likely to win: in
When Sadiq Khan was doing the rounds in his mayoral campaign he would, every so often, include some reference to his two daughters. He didn’t make a big deal of it; this wasn’t creepy or boastful in a Donald Trump way but the message was clear: he was an ordinary bloke and having a couple
We had a fine Spectator Winemaker Lunch with Olivier Humbrecht of leading Alsace producer Domaine Zind Humbrecht the other day. Olivier is generally agreed to be among the most gifted winemakers of his generation. Not just in Alsace but anywhere. He is also one of the humblest and most charmingly self-deprecating. He showed us half
Jeremy Corbyn will be on the Labour leadership ballot. After a contentious meeting that lasted for almost six hours, the party’s National Executive Committee have ruled by 18-14 that as the incumbent his name will appear automatically on the ballot paper and so there is no need for him to gather nominations from MPs and
Signing a petition calling for a referendum re-run might seem rather futile after the Brexit vote was done and dusted. But it seems that the four million people who did just that and put pen to paper haven’t completely wasted their time after all. The petition, which said that the Government should hold a re-run
David Cameron has chaired his last ever, emotional, Cabinet meeting this morning, with just a final Prime Minister’s Questions lying between him and freedom. He may want to follow the example of Tony Blair and have a memorable sign off such as ‘and that is that, the end’, though it’s not clear whether he’ll find
‘I’m a gay woman with strong northern working-class roots,’ Angela Eagle told Robert Peston on Sunday. ‘I think I’m the right person for this job at this time.’ In case we didn’t get the point she followed it up this morning by boasting: ‘I’m a northern working-class girl who understands modern life.’ How outrageous that
So, can Jeremy Corbyn automatically qualify as a candidate in Labour’s coming leadership election? The future of the party might well hang upon this question, being decided today at a meeting of the NEC, Labour’s governing council. With the decision expected to be close — down to just one or two votes — both sides are feeling
Jacob Rees-Mogg and Mark Carney’s clash at this morning’s Treasury Committee was a masterclass in passive aggressiveness veiled in pleases and thankyous. From the words being said, it wasn’t clear there was any enmity in the room. But Carney’s expressions couldn’t have made things clearer: there is certainly no love lost between these two. Before
Never mind bureaucracy. Forget technocracy. Put to the back of your mind the rising lawyerocracy, like those 1,000 puffed-up, demos-fearing lawyers who yesterday insisted that the EU referendum result is not binding. For there’s a worse ‘ocracy than those, one which has an even greater draining effect on politics, one which leeches the life and
Mortgage rates are at record lows, personal loan rates have fallen, credit card deals are better than ever and the base rate has been stuck at 0.5 per cent for the past seven years. There’s even speculation that the Bank of England will cut it later this week. So why are current account customers paying through
News of Theresa May’s coronation as the next Prime Minister is – as you’d expect – emblazoned on the front page of every newspaper today. However, the Daily Mail has gone one step further than its rivals — claiming, pretty much, that it enstooled May itself. And judging by its jubilations, if seems that Paul
The first half of 2016 was a total wipe-out for savers, an analyst has said. Research from Moneyfacts.co.uk shows that, since the start of the year, savers have witnessed a vast number of rate cuts, which have caused rates to plummet to new lows. For example, the average five-year fixed rate has fallen by 0.63
There were no great bombshells being dropped elsewhere or dramas unfolding in the Tory leadership race to distract attention away from Angela Eagle during her interview this morning on Today. But the Labour leadership hopeful might have been wishing there had been. It’s a big day for Eagle, with the party’s NEC deciding today whether
David Cameron is now in in his last full day in Downing Street and already all eyes are on the woman who will replace him. Theresa May is on the front of every newspaper this morning as she prepares to take over at No.10. Here’s how the papers have greeted Britain’s new PM-in-waiting: The Daily
With Angela Eagle clear that she will run to be the next Labour leader and Jeremy Corbyn willing to contest any such challenge, the Labour party is in a state of stalemate until Tuesday’s meeting of the National Executive Committee. At the crunch meeting, the NEC will announce whether or not Corbyn is automatically on the ballot —
Theresa May’s speech outside Parliament was all about conciliation: she made a point of paying tribute to Andrea Leadsom and David Cameron before giving a brief summary of what May’s Britain will look like. She said her focus was on uniting Britain and, once again, she spelt out that ‘Brexit means Brexit’ – a phrase she has used again and
There are plenty who have been left bruised by May’s decade and a half at the top of the Conservative party, but even her worst enemies concede that the woman who is to become the next Prime Minister has shown a remarkable durability in high office. She’s the longest-serving Home Secretary in half a century, and has made
David Cameron has given his backing to Theresa May and he’s also confirmed that by Wednesday evening, he’ll be out of Downing Street for good. The Prime Minister said that tomorrow he’ll chair his last Cabinet and that Wednesday’s PMQs will be his final appearance at the despatch box. During his brief statement just now,
Labour’s leadership contest has finally been triggered as Angela Eagle made her bid for the position today. So how will this contest shape up? And will Jeremy Corbyn appear on the ballot paper? Isabel Hardman tells Fraser Nelson: ‘It’s going to be very bloody because Jeremy Corbyn wants to get back on that ballot paper, thinks
Still the furore whips around. Some remain monkey showed me a bunch of pie charts ‘proving’ that the vote was unsound. Another described all 17.4m of us as being ‘racists, bigots and xenophobes’ (can you be a racist without being a xenophobe?). And no matter that the government has decided we shouldn’t have a second referendum,
As well as all the other things that Labour MPs are anxious about at the moment, there is genuine anxiety in the party today that some MPs are considering splitting off to join a new, moderate group in politics. Certainly Labour MPs are pretty miserable about the state of their party – and about the
Over the course of the past weekend, Andrea Leadsom has come under fire for her comments on having children. Such media scrutiny has proved too much for Leadsom as she announced her withdrawal from the Tory leadership campaign. With this leaving Theresa May as the only candidate for Prime Minister and Conservative party leader, what
We have three months until we get a new Prime Minister but I’m not sure we can wait so long for a new Chancellor. George Osborne’s silence was bad, but his re-emergence is even worse – as his pitiful article in today’s Wall Street Journal shows. It is written as if some awful tragedy had befallen
Today the Eagle has landed. After touring television studios yesterday with talk that she would run to be the next Labour leader, Angela Eagle officially launched her campaign this morning. Alas there was a problem. As the launch neared its end, Andrea Leadsom managed to upstage her by putting on a rival press conference to announce
It might prove easier for the Tories’ new leader Theresa May to reunite the party post referendum than expected. First, many Tory MPs have been taken aback by the brutality of the past few weeks. They know how close the party is to entering into a post-Maastricht cycle of political violence and there appears to
Chris Grayling has given this very brief statement on behalf of Theresa May in the past few minutes: ‘Can I start by thanking on behalf of Theresa May and on behalf of everyone involved in Theresa’s campaign team by thanking and paying a warm tribute to Andrea Leadsom. Her actions this morning have shown what
As leadership launches go, the timing could not have been worse for Angela Eagle. Moments before she was due to set out her pitch, rumours started to circulate that Andrea Leadsom was dropping out of the race for the Tory leadership. By the time Eagle had actually started speaking, Leadsom was elsewhere reading a statement confirming
