All the latest analysis of the day's news and stories
Watching the footage of the debates at the TUC this week can’t have been a happy experience for anyone on the left. I understand the leadership’s decision to hold an “austerity Congress”. I can also understand why the unions want to take the argument on cuts and pensions to the government. It is their job to
I hadn’t noticed that Keith Tantlinger, who may fairly be considered on of the fathers of globalisation, had died. Actually, until I read his obituary in yesterday’s Telegraph I’d never heard of him. Nevertheless, were you to write a history of the last fifty years you’d want to include a chapter on the man who,
Summed-up by the Economist in a single chart. When you consider that many people support spending cuts in principle but tend to oppose them when they target particular favourite programmes you may appreciate that the government faces a fairly acute political problem. That’s before you consider the practical difficulties of really cutting spending. In its
Who dares say the County Championship is a useless anachronism? Rumours of its irrelevance have been much exagerrated for years and we were reminded of this again today as Lancashire took their first outright title since 1934, defeating my beloved Somerset by eight wickets and with just five overs to spare. It still, even in
It is conventional wisdom that David Cameron won’t get much of an electoral bounce from the Libya intervention, despite emerging as a bold and competent interventionist. People, the argument goes, are tired of warfare. A senior figure in Tony Blair’s No 10 told me yesterday that he did not think the PM would earn a
Martin Vander Weyer’s column in the latest issue of the magazine is essential reading. It features five current stories from the business world. The Vickers report, Martin says, will merely offer the same poor service for consumers at a greater cost. Martin also notes, as he did two weeks ago, that American banks are winding
For many years, it has been Government policy to move healthcare out of hospitals and into community units and homes, and concentrate specialist surgeries in centres of clinical excellence. This is politically contentious: former Secretary of State for Health Patricia Hewitt was closing local maternity units, but she had to deal with the humiliation of
The more we learn about the riots, the more it is becoming clear that experienced criminals were responsible for a lot of the looting. The Standard reports today that in London a quarter of those charged in relation to the riots had already been convicted of ten or more offences. What remains to be seen
If Mitt Romney is taking the role of John Kerry (2004 edition) then you can trot out a case that Rick Perry is playing the part of Howard Dean. Ross Douthat duly makes this argument: One interesting quality that Perry has in common with Dean, and which last night’s various back-and-forths brought out, is the
“This is your revolution,” said David Cameron to the mass of rapturous Libyans who welcomed both him and Nicolas Sarkozy in Tripoli this morning. Obviously this is a PR coup for the two leaders, who both face difficulties at home. But, although these were scenes of jubilation, both leaders were keen to say that the
As the EU debt drama continues unspooling like a perversely watchable soap opera (the FT’s Neil Hume describes it as ‘eurozone crisis porn’), an intriguing sub-plot has emerged: Britain is suing the European Central Bank. The Treasury is unhappy with an ECB move to limit the kind of euro-denominated products that can pass through UK
Today, Johann Hari admitted to vandalising his enemies’ Wikipedia entries using the psydonym David Rose. One of his victims, the writer and Spectator blogger Nick Cohen, suspected so all along. His dairy, from July, is below: I learned that Johann Hari was a journalist who was better at attention-seeking than truth-telling when a small American journal
The Spectator debate next week is about whether or not we should leave the European Union. Luckily, this is one of the very few issues upon which I am undecided and not possessed of an arrogant and fatuous opinion. Luckily, because I am moderating the debate and therefore am required to be neutral. My objection
It was something of a mystery. Emergency conference calls about the future of the Eurozone were being made yesterday, but there was no news of those discussions. As it turned out, this was for the best of all possible reasons: there was no news to report. Angela Merkel and Nicolas Sarkozy announced no new measures
I understand that Number 10 will lean on Cabinet ministers not to object to what the boundary review does to their seats. This is an intriguing development because at least three Tory Secretaries of State are deeply unhappy with the proposed changes to their constituencies. It’ll be fascinating to see whether Downing Street can persuade
Back in June, Melanie McDonagh wrote that “the Tories are desperate to regain the female vote”. Today’s Guardian scoop, a government memo on the need to better appeal to women, proves she’s right. In places, the document reads as if it were written by a group of men to whom women are very much from
“Russian democracy has been buried under the ruins of New York’s twin towers”, famous KGB rebel Alexander Litvinenko wrote in 2002. The West, he warned, was making a grave mistake of going along with Putin’s dictatorship in exchange for his cooperation in the global war on terror. He would never be an honest partner, and
Cameron and Miliband went six rounds on the economy at PMQs. Miliband tried to portray Cameron as just another Tory who thinks that “unemployment is a price worth paying”. Cameron, for his part, wanted to paint the Labour leader as someone whose policies would send Britain tumbling into a sovereign debt crisis. At the end,
VERDICT: The 80,000 rise in unemployment announced today gave Ed Miliband an immediate tactical advantage and he made the most of it, damning the government’s economic policy and painting the coalition as uncaring Conservatives. He even cracked the odd risqué joke, such was his confidence. Cameron defended as best he could and he managed to avoid looking
Nick Clegg gave a speech on the economy earlier this morning. As Tim Montgomerie notes, Clegg came close to admitting that the economy is nearing crisis. He said, “The economic context is much worse than before. Yes, facts have changed” and added that the “government is not blind to deterioration in economic environment”. These warnings
The Palestinians are seeking United Nations recognition as a state and a vote is apparently imminent. The Guardian’s Jonathan Freedland has a useful account of the diplomatic arithmetic and explains how the possible vote could be decided by European countries and by Britain in particular. ‘Barack Obama has already said the US will vote against
Angela Merkel, Nicolas Sarkozy and George Papandreou are in crisis talks about Greek debt. There are rumours that they are preparing an “orderly default” for Greece. But, officially, Merkel is still pressing ahead with implementing the existing Greek debt deals. This meeting also has a domestic context for Merkel. According to the FT, she is determined
The Institute for Fiscal Studies enjoys quasi-divine status in Westminster: chancellors and their shadows bother it for its blessing, and Budget Day is never complete until its judgment has been passed. Both parties have bent a suppliant knee before the institute in the past, but the IFS became particularly important to Labour after it declared
File Tim Pawlenty’s endorsement of Mitt Romney in the drawer marked Fancy That! So, not a surprise but telling nevertheless and a useful signal that the battle for the Republican party’s presidential nomination can be summarised as Problem Solvers vs Firebrands. This may be a little unfair on Rick Perry since his candidacy is an
David Cameron and IDS have been promoting the Work Programme this afternoon and they reiterated that jobseekers must learn English to claim benefits if their language difficulties are hampering their job applications. It’s another indication of the government’s radical approach to welfare reform. Aside from that, the main event in Westminster today was Ed Miliband’s speech to
So what’s the upshot of yesterday’s Vickers review into banking? A research note issued today by UBS puts it bluntly: Lloyds to do better, Barclays to shrink and HSBC to quit Britain entirely. The UBS note, written by Alastair Ryan and John-Paul Crutchley, points out that HSBC took not a penny of bailout money. It
Wee Georgie Monbiot is desperate to find a Koch-sized “conspiracy” in Britain. Apparently: [F]ree-market thinktanks are nothing of the kind. They are public relations agencies, secretly lobbying for the corporations and multimillionaires who finance them. If they wish to refute this claim, they should disclose their funding. Until then, whenever you hear the term free-market
Today’s inflation figures remind us of the trouble the Bank of England will have if – as most analysts suspect – it embarks on another phase of Quantitative Easing. CPI inflation was 4.5 per cent in the year to August, and RPI at 5.2 per cent, both up a touch from July. CPI inflation has
From the Department of Irony Overload: Congressman Peter King says he admires the United Kingdom’s counter-terrorism efforts: King also praised the United Kingdom’s government for its work on stemming Muslim radicalization, noting that its “Prevent” strategy “offers a candid assessment of the problem and a model for effectively addressing and countering this problem.” The Prevent
The Culture, Media and Sport committee has recalled James Murdoch to give further evidence into phone hacking and James Murdoch’s people are briefing journalists that he is happy to appear. Sophy Ridge reports that the committee had a long discussion about who to recall, but were largely in agreement and there was no vote. In
Mitt Romney won the Atlanticist vote last night by saying he’d bring back a bust of Winston Churchill to the Oval Office. That’s a reference, obviously, to Barack Obama’s decision, soon after moving into the White House, to have the bronze removed. That decision caused a lot of bother. When the story broke, the Obama
Italy is turning to deep-pocketed China in the hope Beijing will help stave off its financial crisis by making “significant” purchases of Italian bonds and investments in strategic companies, reports the FT. If true, this could help allay fears that Greece’s debt fiasco will engulf the entire eurozone; indeed, FT’s article late yesterday helped the
Ed Miliband is the Brothers’ man, or so the popular myth relates. Miliband has been trying to shake that perception ever since his election was secured by the union vote. He will make his most visible show of defiance yet in a speech to the TUC conference today. Miliband will refuse to countenance the proposed general
I hear that 124 Tory MPs attended the inaugural meeting of the Tory ginger group pushing for renegotiation of Britain’s relationship with Europe. Those present included at least one minister — Theresa Villiers, several PPS and a few whips who were keeping a beady eye on proceeding. George Eustice, the convener of the group, told
