All the latest analysis of the day's news and stories
Despite the Chancellor’s efforts yesterday to calm the markets and soothe business fears, the pound hit a 31-year low against the dollar. There was more bad news when the UK lost its top AAA credit rating from S&P. The ratings agency said the the referendum result could lead to ‘a deterioration of the UK’s economic performance,
George Osborne has ruled himself out of the Tory party leadership contest. The Chancellor said that whilst he accepted the outcome of the referendum, ‘I am not the person to provide the unity my party needs at this time’. Osborne went on to say that: ‘As for my ow future, I will not be a
The only surprise result in Spain’s repeat general election on Sunday – rendered necessary by the impasse produced by December’s – was the failure of the new Spanish left to nudge the Socialists out of second place. The radical-left coalition Unidos Podemos (‘United We can’), a combination of Podemos (We Can) and Izquierda Unida (United Left), was
The demonstration in support of Jeremy Corbyn is starting to dissipate, but Labour MPs have this evening been contacted by their whips to advise them on their personal safety as they leave Parliament after the late votes. They have been advised on what entrances are being kept open for their safety, and told that anyone who is
Journalists aren’t allowed inside the meetings of the Parliamentary Labour Party. But this evening they got a glimpse of just how high tensions had been running when Jeremy Corbyn faced his MPs when the press briefing from the Labour leader’s spokespeople descended into a loud stand-off in the corridor between them and one of his
While Corbyn faced an open revolt from MPs at tonight’s meeting of the PLP, over in Parliament Square the Corbyn fightback got underway as hundreds gathered for a Momentum rally in support of the Labour leader. Not content with the drama at the meeting, Richard Burgon — Labour’s former blunder-prone shadow City minister who has just been promoted
Jo Johnson has declared his support for his brother’s leadership bid. In a statement to The Spectator, the minister for universities and science says: ‘Boris and I were on different side of a hard fought referendum campaign. But it is time to move on, time to unite and time to deliver. I have known my
It’s all looking very grim for Lammy. My petition to have him removed as MP for Tottenham has now soared past the 3,000 mark. He surely cannot hang on much longer. Another 2,000 signatories and we will have proved, beyond all doubt, that he is not fit to sit as an MP, because he does
So where are we now? Pretty much in the same position as the traveller who asks for directions to Limerick and is told, ‘Well, I wouldn’t start from here.’ But we are where we are, for better or, more probably, for worse. Not before time it is slowly dawning on people in England that while this was
David Cameron came to the House of Commons this afternoon to update the House on Brexit. Cameron was greeted by the loudest Tory cheer that I’ve heard of seven years of sitting in the press gallery. He was in remarkably good spirits, considering what has just happened. Jeremy Corbyn’s predicament appear to have cheered Cameron
It’s not proving to be a great day for Jeremy Corbyn. After over half of his Shadow Cabinet resigned, the Labour leader has now faced a revolt in the Chamber. While giving a statement on the European referendum, Corbyn called for MPs to refrain from in-fighting: ‘The country will thank neither the benches in front of
With permission, Mr Speaker, I would like to make a Statement on the result of the EU referendum. Last week saw one of the biggest democratic exercises in our history with over 33 million people from England, Scotland, Wales, Northern Ireland and Gibraltar all having their say. We should be proud of our Parliamentary democracy.
Even when Britain has just voted to leave the European Union, Commons business must go on. And so this afternoon the first item on the agenda in the Chamber was not the statement from the Prime Minister on Brexit and his own resignation, but Defence questions. This should have been awkward for the Government, which
Despite the rolling programme of frontbench resignations in the Labour Party, Jeremy Corbyn is clearly planning to fight to the bitter end. Labour sources are repeatedly insisting that he will definitely be on the ballot paper in a new contest, and referring to the mandate he has already been handed by members. A Corbynite source
Nick Clegg has written an interesting column for the Evening Standard today about the referendum result. You will not be surprised, reader, that he’s not altogether happy about the outcome. But what’s especially interesting is his insistence that: ‘…there will have to be a general election shortly after the new Conservative leader is elected. The
The latest competition called for a sonnet that has the name of a tree hidden in every line. This fiendish challenge, which was suggested by a reader, drew a large entry — and the following envoi from Alanna Blake: ‘Gor blimey, not the easiest of romps!/ But, Lucy, press on with these teasing comps.’ We
Senior Tories have decided that their new party leader will be confirmed by 2 September, which means that the timetable for the leadership contest will be very short indeed. The decision was taken for a short, sharp battle so that there was as little uncertainty about the government as possible. This means that nominations for the race
As the pressure piles in from Labour MPs on Jeremy Corbyn to stand down in the wake of the referendum result, Alan Johnson has added his voice to the cause. Johnson — who worked as the Chair of Labour In for Britain — has sent an email to Labour staff in which he criticises Corbyn’s leadership in
Funnily enough, today’s Cabinet meeting was rather dominated by a discussion on the result of the EU referendum. The majority of the ‘serious’ 90 minute meeting was taken up by that small matter, though ministers were also briefed by the head of MI5 and by Oliver Letwin on implementing other manifesto promises, such as the
Reassuring other countries that Brexit doesn’t mean Britain is hauling up the drawbridge is vital for ensuring the UK continues to succeed. So far, much of the foreign coverage of the outcome in the EU referendum has certainly painted the decision as an isolationist move. The German newspaper Taz.am wochenen summed up that sentiment with
The British constitution is built on compromise and moderation; it’s one of the main reasons why this country enjoyed a period of relative domination in the 19th century while our neighbours tore themselves apart. Referendums do not encourage compromise, which makes them such bitter devices, and why the last few weeks have been so painful.
The Tory leaders of Vote Leave, those supposedly civilised and intelligent men, are creating the conditions for a mass far-right movement in England. They have lined up the ingredients like a poisoner mixing a potion, and I can almost feel the convulsion that will follow. They have treated the electorate like children. They pretended that
As the spate of resignations from the Labour shadow cabinet continues this morning and the rival candidates in the race to replace David Cameron as Prime Minister step up their campaigns, politics shows no signs of slowing down today. Boris Johnson and Theresa May are the front runners in the upcoming Conservative leadership contest –
Despite the rolling programme of frontbench resignations in the Labour Party, Jeremy Corbyn is clearly planning to fight to the bitter end. Labour sources are repeatedly insisting that he will definitely be on the ballot paper in a new contest, and referring to the mandate he has already been handed by members. A Corbynite source
Nick Clegg has written an interesting column for the Evening Standard today about the referendum result. You will not be surprised, reader, that he’s not altogether happy about the outcome. But what’s especially interesting is his insistence that: ‘…there will have to be a general election shortly after the new Conservative leader is elected. The
The latest competition called for a sonnet that has the name of a tree hidden in every line. This fiendish challenge, which was suggested by a reader, drew a large entry — and the following envoi from Alanna Blake: ‘Gor blimey, not the easiest of romps!/ But, Lucy, press on with these teasing comps.’ We
Senior Tories have decided that their new party leader will be confirmed by 2 September, which means that the timetable for the leadership contest will be very short indeed. The decision was taken for a short, sharp battle so that there was as little uncertainty about the government as possible. This means that nominations for the race
As the pressure piles in from Labour MPs on Jeremy Corbyn to stand down in the wake of the referendum result, Alan Johnson has added his voice to the cause. Johnson — who worked as the Chair of Labour In for Britain — has sent an email to Labour staff in which he criticises Corbyn’s leadership in
Funnily enough, today’s Cabinet meeting was rather dominated by a discussion on the result of the EU referendum. The majority of the ‘serious’ 90 minute meeting was taken up by that small matter, though ministers were also briefed by the head of MI5 and by Oliver Letwin on implementing other manifesto promises, such as the
Reassuring other countries that Brexit doesn’t mean Britain is hauling up the drawbridge is vital for ensuring the UK continues to succeed. So far, much of the foreign coverage of the outcome in the EU referendum has certainly painted the decision as an isolationist move. The German newspaper Taz.am wochenen summed up that sentiment with
The British constitution is built on compromise and moderation; it’s one of the main reasons why this country enjoyed a period of relative domination in the 19th century while our neighbours tore themselves apart. Referendums do not encourage compromise, which makes them such bitter devices, and why the last few weeks have been so painful.
The Tory leaders of Vote Leave, those supposedly civilised and intelligent men, are creating the conditions for a mass far-right movement in England. They have lined up the ingredients like a poisoner mixing a potion, and I can almost feel the convulsion that will follow. They have treated the electorate like children. They pretended that
As the spate of resignations from the Labour shadow cabinet continues this morning and the rival candidates in the race to replace David Cameron as Prime Minister step up their campaigns, politics shows no signs of slowing down today. Boris Johnson and Theresa May are the front runners in the upcoming Conservative leadership contest –
We haven’t heard much from George Osborne since the referendum, but that will change tomorrow morning. He’s due to make a statement, according to the Times, which also says that the Chancellor he is considering giving his backing to Boris Johnson’s leadership ambitions in exchange for being made Foreign Secretary. I’m not so sure that
