All the latest analysis of the day's news and stories
The coalition is most fragile when both party leaders feel that they have a point to prove to their own side. We are, post the Lords reform rebellion, in one of those moments. Nick Clegg has to show the Liberal Democrats that he’s no push-over, that he’ll exact something from the Tories for the death
What’s HSBC done wrong? Put simply, HSBC was not rigorous enough in preventing money laundering through its banks. Last week, the United States Senate’s Permanent Subcommittee on Investigations released a damning report finding that HSBC had ‘exposed the US financial system to a wide array of money laundering, drug trafficking, and terrorist financing risks due to poor
How many ministers will be using the Zil – sorry, Games – Lanes during the Olympics? The Prime Minister’s official spokesman said this morning that the lanes would be used on a flexible basis, and that ministers would stick to public transport. ‘The approach is that where possible they will use public transport,’ he said,
Tim Yeo is now posing as a friend of the consumer. Launching the latest report from the Energy and Climate Change Committee this morning, he attacked the Treasury for ‘refusing to back new contracts to deliver investment in nuclear, wind, wave and carbon capture and storage’. The report argues that could ‘impose unnecessary costs on consumers’. The
Downing Street confirmed today that the Prime Minister will meet US Republican presidential candidate Mitt Romney in Downing Street this week. It sounds like a sensible plan, given Romney is so close to Obama in the polls at present. But there’s just one tiny little problem. I have, in my shorthand notes from a lobby
MPs have been amusing themselves with a rather grim game in which they guess what event will lead to Parliament being recalled in August. Over the last few days, the Euro crisis has become the definite favourite. The yield on Spanish bonds is now over 7.55 per cent – a rate that is unaffordable in
Tim Montgomerie has some excellent intelligence on ConHome this morning that Francis Maude is about to gain a new PPS. The Cabinet Office Minister’s former aide was Angie Bray, who was sacked after voting against the government at the second reading of the House of Lords Reform Bill. But Maude’s replacement PPS, Stuart Andrew, is also a
My fellow Spectator blogger Douglas Murray wrote a powerful post yesterday. Like him, I was disturbed by the way the Bulgarian bus-bombing and the Manchester terror trial were treated in the media. You won’t hear me say this very often, but I don’t think Douglas has gone far enough. For once, I think even he
With the South Africans slaughtering England at the Oval this weekend, Mr Steerpike was more intrigued by the goings-on off the pitch. Catching up with a super-skinny and immaculately preened Shane Warne, it would seem that the former Aussie spin-king is still very paranoid about being photographed smoking in public. Every time a small child
Will we soon see Harriet Harman shopping in Iceland while wearing a shell-suit and sporting, just above the cleft of her buttocks, the tattoo of a leaping dolphin? The fragrant one has been assuring journalists of her bona fide blue collar credentials. Well, actually, in fairness, that’s not quite what she said. She merely insisted
Bringing the UK Border Agency to heel has been one of the mammoth tasks facing ministers since the coalition formed. Ministers have recently been rather keen to suggest that backlogs in claims and migrants disappearing without a trace were coming under control – Immigration Minister Damian Green said at the start of this month that
Over at the Books Blog, the Labour MP and shadow health minister Jamie Reed has answered our questions about his summer reading. He is taking Joe Bageant’s Rainbow Pie: A Redneck Memoir on his travels. It’s one of 4 non-fiction recommendations about US politics, supplemented by some Herman Melville, The Grapes of Wrath and a
If feminism is ‘a creed of women’s solidarity’, do you pick and choose about which women you’re in solidarity with? In the case of Harriet Harman, the answer is, well obviously. If you’re a Tory you can’t really join in the creed. In an interview with Total Politics magazine she was incredulous at the notion
Two events this week have highlighted, from very different places, an identical problem. In Bulgaria on Wednesday a bomb was detonated on a tour bus carrying Israelis. Six people were killed and many more badly injured. On Friday a couple from Oldham, Mohammed Sadiq Khan and Shasta Khan, were sent to prison for attempting to
The report published this week by Louise Casey, the Government’s ‘Troubled Families’ Tsar, has attracted a fair amount of criticism, but what it does illustrate is the chaotic lives these families lead – and the implausibility of thinking that their problems can be solved by the kind of flagship social policies traditionally favoured by either
David Cameron’s decision to convene an inner Cabinet of seven Tories to advise him is a sensible move. As I say in the Mail on Sunday, calling this group together shows that Cameron knows he needs help handling his party. I understand that it meets regularly with a particular emphasis on the Conservative party side
It’s always nice when a married couple are able to share a hobby – even if it is, in the case of Shasta and Mohammed Khan, trying to blow up Jewish people. These two imbeciles, from Oldham, have now been convicted of planning terrorist attacks which they intended to effect with hairdressing chemicals and chapatti
‘Unfortunately, it’s not enough.’ That is, broadly, the conclusion of John Longworth, the director of the British Chamber of Commerce, who has penned a visceral critique of the government’s economic policy in the Observer. Nothing, it seems, is sufficient: half-hearted infrastructure investment, non-existent aviation policy, lethargic borrowing to business, and regulatory reform that leaves businesses
The acquittal of PC Simon Harwood on Thursday for the manslaughter of Ian Tomlinson provoked a strong reaction in the press. Leading the charge, the Daily Mail’s headline summed up the mood: ‘Freed, the ‘thug in police uniform’: what jury weren’t told about the PC cleared of G20 killing.’ The criticism was aimed at not only
Vince Cable’s decision to speculate publicly about a post Nick Clegg leadership race is a significant moment. To be sure, saying ‘I wouldn’t exclude it’ about running for the job is a long way from launching an actual challenge. But it is not the answer that a politician gives if they want to stop all
Sorry folks, but you’ll not have me to kick around these next two weeks. I’m away to the Isle of Jura this week for Midge Fest 2012 (and the 62nd edition of the Ardlussa Sports). Thence to Ireland for a week of cricket as a member of Peter Oborne’s annual travelling circus. See you here
Louise Casey, the government’s ‘troubled families’ tsar, is in loud voice in this morning’s Telegraph. The government, she says, must ‘get stuck in’ and intervene in these lives for the better by getting women to take ‘responsibility’ for themselves and their children. ‘It’s not toughness for toughness sake,’ she says. ‘It’s toughness so we sure
Earlier this month we held a wine fair at The Spectator, using the tents that next day sheltered the magazine’s summer party. It was great fun, and our six principal partners sold plenty of wine. The event is free; come next year! There were some terrific bottles, many discounted, such as the gorgeous Chilean Pionero
The war with Iran has already been raging for many months. So far, Western powers have largely confined themselves to covert operations designed to thwart Tehran’s nuclear aspirations. However, the bombing of a bus carrying Israeli tourists in Bulgaria on Wednesday marks a dramatic escalation in hostilities. In the past, western intelligence agencies have assassinated
The market data on Spain this afternoon suggests that the bailout sticking plaster agreed earlier by eurozone finance ministers wasn’t big enough to cover the wound even for a few hours. Ministers have signed off on the deal to lend Spain €100 billion to recapitalise the country’s banks, but the IBEX is down 5.8 per
A new cache of emails released today by the Bank of England reveal its deputy governor Paul Tucker was warned that it was ‘plausible’ that Libor rates were being ‘influenced by commercial incentives’. Tucker insisted in his appearance before the Treasury Select Committee that he and colleagues ‘thought it was a malfunctioning market, not a dishonest one’. But an
Oliver Letwin’s decision to launch a consultation on reducing the amount of time that government has to spend on consultations has sparked controversy in Whitehall. Sticklers for procedure are complaining, in a way that only Sir Humphrey himself could do justice to, that other ministers hadn’t been consulted about the decision to launch a consultation on shortening
Today’s round of public finance statistics bring mixed news for the government. The headlines have focused on the fact that borrowing last month — at £14.4 billion — was £0.5 billion higher than in June 2011. But considering that the monthly borrowing figures end up being revised by an average of £1.7 billion (usually downwards), we shouldn’t
It is with much sadness and regret that I have been asked by family and friends to announce the death of Sir Alastair Burnet. He passed away peacefully in the middle of the night at the Beatrice Place Nursing Home in Kensington, where he was being cared for after suffering several strokes. He was 84.
I have a piece in today’s Wall Street Journal about the case for prosecuting certain of the Bloody Sunday soldiers. I am aware that it is not a popular argument, and one that most British people tend to shy away from. It also seems to provoke a certain amount of confusion. On a radio programme
If the new Labour HQ was meant to reflect a reinvigorated party then the blank white walls made for an obvious joke. With hacks and hackettes assembling for Ed Miliband’s summer drinks Labour command and control was going strong – red wine was banned, lest some spill it on the pristine new grey carpet. Expertly
Is the City of London worth defending? Not many in the government seem to think so. Vince Cable, the Business Secretary, calls it a ‘cesspit’. George Osborne blames the financial sector for causing the crisis – the Barclays Libor scandal, to him, was not an isolated incident but indicative of the whole rotten system, ‘the
Jeremy Hunt has given an interview to House magazine this week which is well worth a read, not least because he deals rather graciously with the failure of his Liberal Democrat colleagues to support him when his back was against the wall over Murdoch. Even though Lib Dem ministers and MPs abstained on a vote calling for
Announcements from the International Monetary Fund are worded in such a way that everyone reading them comes away with something slightly different. So shortly after today’s report on the UK economy was released, Ed Balls put out a statement saying the report was a ‘very serious warning to the Chancellor that urgent action to boost jobs and
