All the latest analysis of the day's news and stories
In addition to his effective attack on Labour’s welfare policy, George Osborne used the Autumn Statement to take on Ed Miliband on another key electoral battleground. Over the past few months, the Labour leader has been trying to convince voters that he has the solution to their cost of living woes. His biggest offer so
1. Growth evaporating. The Office for Budget Responsibility once again downgraded its growth forecasts for 2012-13 and, for the first time, also did so for 2014-16. Despite that, the OBR is still slightly more optimistic than the average independent forecaster: 2. A seven year slump. On the OBR forecasts, it will now take until the
Eric Pickles is one of the few characters in contemporary British politics. In an interview with The Spectator this week, he chides Vince Cable for not deregulating enough, admits that he gets ‘occasionally irked’ by George Osborne’s impatience on policy, and reveals that ‘‘I was asked by a senior member of the government, two weeks
Ed Miliband may have coined the term, but it seems George Osborne has the squeezed middle on his mind too. The overall effect of yesterday’s budget* was to take from the rich, take from the poor and give to the middle. The IFS has crunched the numbers and produced the latest in its series of
Bashar al-Assad is busy writing his suicide note, ordering military officials to prepare the country’s chemical weapons for use. That’s the assessment of Pentagon officials overnight who have detected a flurry of activity at two facilities where these weapons are known to be stored – in al-Safir, on the outskirts of Aleppo; and Furqlus, about
Welfare will be one of the key battlegrounds at the next general election, and George Osborne’s Welfare Uprating Bill will certainly be one way the Conservative party can prod Labour on what is a hugely awkward policy issue for the party. It accelerates the internal debate about how Labour can appeal to the electorate on
Few people who were alive 40 years ago will forget the scenes of thousands of Ugandan Asians arriving in Britain after being expelled from their country by dictator Idi Amin. Between 1972 and 1973, nearly 40,000 Ugandan Asians came here. Many originated in India and had British overseas passports, and the then Prime Minister Edward
It now looks almost certain that Labour will vote against the 1 per cent uprating for most working age benefits. Labour is pointing out that because this also includes tax credits, most of the people hit by this will actually be in work. The party hopes that this changes the political dynamic around this subject.
Look out for Steerpike in this week’s Spectator — here is a taster of what Alan Rusbridger has been up to: Rending of raiment and gnashing of teeth at the Guardian. I’m told that the paper’s veteran editor, Alan Rusbridger, is tipped to take over at the Royal Opera House once the BBC’s director-general designate, Tony
George Osborne’s admission that he will not meet his target to have debt as a percentage of GDP falling by 2015/16 has serious consequences for one of his central messages. The Autumn Statement has led credit ratings agency Fitch to warn of a possible downgrade. The agency said: ‘Missing the target weakens the credibility of
Many of the great British institutions have taken a pounding in recent times. The BBC, Fleet Street, politicians but is it now time for lawyers to take some flack? In our magazine cover feature, Nick Cohen writes that many foreign nationals are taking advantage of our legal system to solve their disputes. On this week’s View
George Osborne was in good spirits when he turned up to address the 1922 Committee of Conservative backbenchers. He received a warm reception. The sense was that the autumn statement had avoided the last Budget’s mistakes. As one senior Tory MP said to me afterwards, ‘it shows what he can do when he puts his
In today’s Autumn Statement there was some great news on jobs and fuel duty, but it’s surrounded by a surreal atmosphere. We must still beware the bond market. Employment is at a high with 1.2 million private sector jobs created since early 2010. Youth unemployment is falling – we’re doing much better than our neighbours.
From our sub-arctic chancellor this was a rip-roaring performance. Using all the arts perfected by Gordon Brown, he dazzled the house with his Autumn Statement. A chancellor should never be entirely candid. His job is to blame others for failure, to take credit for all successes, (no matter what their true origin), to engender confidence
The Liberal Democrats are keen to use today to show that Coalition works, but Lord Oakeshott is in a less charitable mood. I’ve just had a chat with him about George Osborne’s explicit rejection of the mansion tax in his statement today as ‘intrusive’. The former Lib Dem Treasury spokesman in the House of Lords says:
There’s a sense of satisfaction among Tories, and Osborne allies in particular, this afternoon. First, the Autumn Statement didn’t all leak out in advance. Instead, the Chancellor had some news to make on the day—notably the cancelling of the 3p fuel duty rise and a further increase in the personal allowance. Second, it has drawn
I’ve been passed the Tory ‘lines to take’ for MPs to use in media interviews for the Autumn Statement today. As I blogged a little earlier, the words ‘global race’ will be cropping up a lot over the next couple of years as a key Conservative phrase, and it looks as though today will be
Key points from the Autumn statement Working-age benefits: will only rise by 1 per cent in each of the next three years rather than by inflation Corporation tax cut: Extra percentage point cut: down to 21 per cent in 2014 compared to 28 per cent when George Osborne took office Income tax threshold: will rise by £235 more than planned, to
George Osborne has managed, so far, to manage the run-up to the Autumn Statement far better than he did the Budget. There have been no cat fights across the pages of the newspapers, and the briefing over the past few days has been disciplined. After being told about the £5bn of Whitehall spending cuts to
The government’s airports review will simply end up on a shelf, and major airlines will still be operating from a two-runway airport at Heathrow in 2050. That was the stark warning delivered by the chief executive of British Airways’ parent company IAG Willie Walsh this afternoon as he gave evidence to the Transport Select Committee. Walsh
And while we’re on the subject of scandals in the British media, a pre-Budget ComRes poll just released by ITV News shows that just 6 per cent of the public realise what’s happening to the national debt. You can (and I do) blame politicians who don’t admit that the debt is rising massively – and
Is the net beginning to tighten on Mark Thompson? The Sunday Times have run a story on either the ex-BBC chief, Savile or Newsnight every week since 28 October, and a picture is emerging that Thompson may have known more than we had previously thought about Newsnight’s now infamous axed investigation of Savile. I hear
Lower growth, bigger deficits, targets missed — that’ll be the backdrop to George Osborne’s Autumn Statement tomorrow. So what medicine will he prescribe to make it all better? As usual, many of the policies have been leaked already: More capital spending, paid for by extra cuts elsewhere This was announced by Number 10 this morning: £5
At the end of the editors’ meeting in 10 Downing St today, there was an awkward moment when someone asked if the past hour had been on or off the record. There was something odd about the idea of a bunch of journalists keeping something secret, and anyway there was anyway not much to reveal:
Is Nick Clegg lying about what he’s doing to our national debt? The L-word is seldom used in politics, and in spite of their reputation most politicians try to get it right. To lie is to deliberately mislead — but it’s hard to think of any other word to describe what the Deputy Prime Minister
Despite a committee of both Houses of Parliament having yet to report after several months of inquiry, the Home Secretary took to the pages of the Sun yesterday to blast anyone who disagrees with her draft Communications Data Bill as a criminal, a terrorist or a paedophile. Hours later David Davis spoke in Parliament to
How much trouble is George Osborne in? We don’t need to wait until his mini-Budget tomorrow, we already know most of it. And we’ll enter that peculiar Budget game, where the already-known is restated and treated like news. CoffeeHousers might like to get ahead of the curve. Growth evaporating The Office for Budget Responsibility will
Senior Lib Dem MPs are deeply concerned about the government’s plans for secret courts, and will urge the government to accept changes made to the legislation in the House of Lords, I understand. The Justice and Security Bill will have its second reading in the House of Commons in the next few weeks, fresh from
Last week we had Nick Boles extolling the virtues of concreting over what green space we still have in order to tackle an alleged housing shortage. And now, in today’s FT, we have Conservative ‘Climate Change Minister’ Greg Barker claiming that wind farms are not merely ‘wonderful’ and ‘majestic’ but so much so that those
George Osborne briefed the Cabinet this morning on tomorrow’s Autumn Statement, giving ministers some good news and some bad news. The good news is that he is launching £5 billion of extra capital spending spread over three years as part of the fiscally neutral package tomorrow. That package will fund new schools, science and transport
In the rabid hamster-eating-hamster world of Scottish politics Nicola Sturgeon is a rarity: a politician of obvious competence who’s respected by her peers regardless of their own political allegiances. There are not so many folk at Holyrood of whom that could be said. The Deputy First Minister is not a flashy politician but she’s quietly
Just one month after we released the all-new Spectator app for iPad, I’m delighted to announce today we’ve launched a new app for iPhone. Since we released the new digital edition in October, our main complaint was that there was no iPhone version. Here it is: Much like its larger sibling, it’s elegant and intuitive.
Kelvin MacKenzie made what I assume is a tongue-in-cheek plea for the formation of a ‘Southern party’ in the Telegraph yesterday. In the piece, he consistently resorts to crude caricature about anybody from North of the Watford Gap. According to MacKenzie, only people in the South East are ‘hard-working clever and creative, Glasgow has ‘unhealthy
Coalition tensions over energy won’t relax with George Osborne’s gas strategy, which he will launch alongside the Autumn Statement tomorrow. The Financial Times reports that the Chancellor’s strategy will approve as many as 30 gas-fired power stations and – in a move that will delight those in his own party – a regulatory regime for