Latest from Coffee House

Latest from Coffee House

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

Freddy Gray

Introducing The Spectator’s US Election 2016 site

Welcome to The Spectator’s US Election 2016 site, brought to you in association with City Index. This will be home to the best British coverage of the biggest, maddest and baddest political event of the year. There has been no shortage of British coverage of the race to the White House in recent months; the world

Sterling, savers, pensioners and buy-to-let

The pound has dived on Asian markets with automated trading being blamed for the volatility. At one stage it fell as much as 6 per cent to $1.1841 – the biggest move since the Brexit vote – before recovering to $1.24, still down 1.5 per cent. It is not clear what triggered the sudden sell-off. Analysts

Steerpike

Jeremy Corbyn’s shadow cabinet brag fails to ring true

As Jeremy Corbyn’s shadow cabinet reshuffle rattles on, it seems all that power is going to his head. The Labour leader has taken to Twitter to congratulate himself on appointing Diane Abbott and Emily Thornberry to the roles of shadow home secretary and shadow foreign secretary. Corbyn concludes that he is ‘proud’ that two of the three

James Forsyth

Jeremy Corbyn’s London-centric shadow cabinet

Jeremy Corbyn has sacked the Labour chief whip Rosie Winterton in his shadow cabinet reshuffle. Winterton was attempting to broker a deal that would see a shadow cabinet elections return, allowing some of those who resigned from the front bench to return with some dignity intact. Her sacking indicates that Corbyn doesn’t want to compromise

The great conundrum for the Islamophobia lobby

It is a shame that ‘subversion’ of the state is no longer a crime in Britain.  One result of it not being so is that people have become blind to the idea that it is even going on. The other day I wrote about the ‘academics’ who had signed a letter to the Guardian insisting

Jeremy Corbyn’s shadow cabinet reshuffle in full

Jeremy Corbyn has begun a shadow cabinet reshuffle. Follow the details here. IN: Nick Brown has been appointed as Winterton’s successor. A former Gordon Brown loyalist, the MP for Newcastle upon Tyne East will be responsible for instilling discipline in the increasingly divided party. On accepting the role, Brown said he hoped to ‘play a constructive

How to understand the human side of a financial crisis: read a book

One of the occupational pleasures, and occasional hazards, of being a financial journalist is the need to keep up with your reading. I’ve consumed a stack of books about the financial crisis and its aftermath, including Michael Lewis’s The Big Short and Vicky Ward’s riveting account of the downfall of Lehman Brothers, Devil’s Casino, notable

Nick Hilton

The Spectator podcast: Syrian nightmare

The Syrian initiative to retake the last remaining rebel stronghold of Aleppo, following a two week ceasefire, has proved controversial in the international community. Images of children bloodied, bruised and painted with masonry dust have decorated the front pages of British newspapers, but is there anything that can help ease the pain of ‘Syria’s Guernica’?

Bank of England, Brexit, Inheritance Tax and Life Insurance

City traders are speculating about how long Mark Carney will remain as Bank of England governor, after Theresa May attacked the BoE’s loose monetary policy stance yesterday. According to The Guardian, Carney is expected to decide by the end of the year whether to just do five years at the Bank (the original plan), or

James Forsyth

Theresa May’s ‘carpe Brexit’ speech

Theresa May’s speech was an attempt to seize the moment created by Brexit and Labour’s lurch to the left. She tried to set out a new centre-ground politics, promising to stand up to elites on behalf of ordinary people.  She attempted to nationalise Clement Attlee, the Labour Prime Minister who presided over the creation of

Steerpike

Chipping Norton set cut out of May’s speech

It’s not been a great conference for the Cameroons. After George Osborne and Michael Gove decided to give the event a miss, Nicky Morgan was left alone to face the flak as the whips kept a close eye on her at fringe events. Now it seems the Chipping Norton set has, too, been left in

Steerpike

Conference party round-up: Theresa’s kiss is put on hold

After four days of speeches and panels at Tory conference, there is now at least a little consensus over what Brexit means Brexit means and much concern over the quality of Philip Hammond’s jokes. However, while a number of conference speeches proved dry, Mr S is glad to report that the after hours soirees were free-flowing. At the

Fuel costs, Tesco, pensions and credit cards

British motorists last month faced the highest road fuel costs this year as global oil prices continue to creep higher from historic lows, The Telegraph reports. The cost of unleaded petrol and diesel rose for a second consecutive month to drive the average price of diesel the highest level for the year so far, while petrol ended the

Tom Goodenough

Diane James stands down as Ukip leader

Diane James is standing down as Ukip leader after only 18 days in the job, blaming ‘personal and professional reasons’ and a lack of ‘sufficient authority’ within the party for her decision to quit. James said she didn’t have the backing she needed among fellow Ukip MEPs and party officers, but insisted she would still ‘concentrate fully’ on her

Tom Goodenough

Damian Green strikes a softer tone on welfare

Under David Cameron, it was sometimes tricky to tell who was in charge at the DWP. Iain Duncan Smith favoured a softer approach to welfare reform while over at the Treasury, George Osborne’s interventions were more nakedly political. It all came to a head in March when IDS resigned after Osborne announced £4bn of cuts

Fraser Nelson

Ruth Davidson: why I talk about being gay

The three most magnetic politicians at this year’s Tory party conference are the Prime Minister, the Foreign Secretary and the leader of the Scottish Conservative Party.  I never thought I’d write this sentence but Ruth Davidson’s rise has been quite extraordinary. She has been campaigning for three years now: the Scottish referendum, the general election

Katy Balls

Justine Greening goes on the offensive over grammar schools

Although Nicky Morgan suggested yesterday that the government could be about to water down its grammar school proposals, Justine Greening showed no such signs in her conference speech. The Education Secretary received a standing ovation as she went on the offensive in defending Theresa May’s plans for a return to selective education. In a sea change from her claim this summer

Ross Clark

The Brexit bounce continues

Just when you thought economists might finally have got the message about their doom-laden predictions for the economy following the vote for Brexit, along comes another statistic showing they are still getting it hopelessly wrong. I wrote here last month about how the Markit/CIPS Purchasing Managers Index – an early indicator of economic growth –

Full text: Amber Rudd’s conference speech

I succeed one of the most successful Home Secretaries of modern times. You may define success as holding the post for longer than any prior Conservative incumbent since World War Two. You may judge it by introducing the Modern Slavery Act … Which has delivered tough new penalties to put slave masters behind bars. Or,

Full text: Michael Fallon’s Tory party conference speech

This week our party is putting forward a vision of a country that works for everyone. Where you can go as far as your talents take you. Ultimately the opportunity to get on depends on the security provided by our Armed Forces. Today British forces are fighting terrorism, countering aggression, and training troops in democracies