All the latest analysis of the day's news and stories
How time flies when there’s a real crisis. Just six months ago at the Glasgow climate conference, the Chancellor Rishi Sunak was pledging to rewire the entire global financial system for Net Zero. Sunak boasted that he was going to make London the world’s first ‘Net Zero Aligned Financial Centre’. It would mean forcing firms to
If you called an ambulance last month you probably faced quite a long wait. Figures released this morning show the average time for an ambulance to arrive after a ‘category two’ call-out was 51 minutes, only slightly down from 61 minutes in March. This is still nearly three times longer than the 18 minute target for
Who says the Tories don’t understand the cost-of-living crisis? So far obliviousness to the desperate circumstances of low-income (and not so low-income) families has been in evidence on the posho wing of the Conservative party. There was Rishi Sunak who said it would be ‘silly’ to provide more help with energy bills right now and
Fears that Britain could soon be in recession are growing, as the economy appears to have even less power behind it than previously thought. Today’s update from the Office for National Statistics shows Britain’s economy grew by 0.8 per cent in the first quarter of the year (consensus was 1 per cent) – and actually fell
Algorithms dictate what we do – and don’t – see online. On Twitter and Facebook, they determine what posts do well and which ones get buried. Yet how they actually work is shrouded in secrecy. Elon Musk, who agreed a £34.5 billion takeover bid with Twitter’s board last month, has voiced his concern about algorithms: ‘I’m worried about
Here we go. The UK is on the brink of another Brexit battle as ministers consider unveiling legislation that would unilaterally overwrite parts of the Northern Ireland protocol. This morning the Foreign Secretary spoke to the European Commission’s vice president Maroš Šefčovič – warning that the protocol has ‘become the greatest obstacle to forming a Northern Ireland
To paraphrase the American senator famously talking about government spending, a trillion dollars here or there and very soon you are talking about serious money. Over the last week, a massive $1 trillion has been wiped off the value of the major American technology companies, and, if measured since the start of the year, the
Boris Johnson has sought to reboot his premiership this week, unveiling a package of eye-catching measures as he tries to calm Tory tensions about last Thursday’s election results. Such efforts though have been somewhat undermined by the announcement of the Metropolitan Police today that another 50 fines have been dished out to Downing Street staff over partygate. Yet
The art of politics is one thing but what about the politics of art? Over in Parliament, MPs have been fussing about what item to hang in the corridors of power to belatedly mark the 2019 general election. But now, at last, those bigwigs who sit on the Speaker’s Advisory Committee on Works of Art have finally come
The Scottish government will start refreshing the ‘very positive case’ for exiting the UK, Nicola Sturgeon said this week, in the aftermath of Scotland’s local council elections. Can we expect anything radical to come out of this series of papers? Will there be a big departure from the last major overhaul of the independence pitch,
Junkets are like buses: you wait ages for one to come along and then two do at once. For this month, it’s not just London mayor Sadiq Khan on a transatlantic taxpayer-funded jolly: Scotland’s First Minister Nicola Sturgeon launches her American charm offensive next week too. Good thing that all is going well currently in both parts of
Hurrah! A Scottish Government press release announces, with no small modicum of pride, that it has at last located the mysterious missing documents in the ferries saga. Audit Scotland, the public body which runs the rule over Holyrood’s spending of taxpayers’ money, recently conceded defeat over this matter. It had spent considerable time and effort
First, the good news: US inflation is down. Now the bad news: US inflation isn’t down by as much as a lot of people were expecting. Cue quite a lot of confusion on the markets. First, the S&P 500 plunged by 0.5 per cent, then it rose by 1 per cent, then it was more
To the CPS, the think-tank home of Thatcherite free-thinking. On today’s agenda: a sermon from Frank Luntz, the onetime populist Republican sage now reborn as a crusader for cleaner politics. The master of political vocabulary – responsible for such terms as ‘death tax’ and ‘climate change’ – has seen the light and is in the UK to warn of
15 min listen
Today Boris Johnson pledged his support to protect Sweden and Finland in a mutual defence pact. As non Nato members, the deal is intended to protect these two countries from unexpected attacks. Will Putin see this as provocative? And how might this deal clash with Macron’s view of a European defence bloc? ‘I think we
Billionaire edgelord Elon Musk has just given progressives another reason to dread his ongoing attempt to buy Twitter. The founder of Tesla and SpaceX has confirmed that, should he succeed in acquiring the social media site, he would rescind the ban on Donald Trump’s account. Musk told the FT’s Future of the Car conference he
Emmanuel Macron has taken it upon himself to tackle the delicate diplomatic situation of the war in Ukraine with fresh vigour following his victory last month. This week he addressed the EU parliament on the question of the future of Europe. France has the rotating presidency of the EU Council until June 30 and Macron
Has inflation peaked in the United States? Today’s update from the Bureau of Labor Statistics shows the annual rate of inflation has fallen slightly, from 8.5 per cent in March down to 8.3 per cent in April. There are signs of slowdown in the monthly figures, too: prices rose 0.3 per cent between March and
Amnesty International and Stonewall are no strangers to criticising the government. This week they’ve been at it again: blasting Dominic Raab’s plans to make adjustments to the Human Rights Act by replacing it with a British Bill of Rights. But they are wrong to attack an approach that most Brits will realise is perfectly sensible. Raab’s
It has been reported this week that Vladimir Putin is shifting responsibility for covert operations in Ukraine to a different intelligence agency. The Fifth Service of the Federal Security Service (FSB) has now reportedly been usurped by ‘military intelligence’ – still widely known by its old acronym of GRU, but actually called the GU, the
Relations between London and Dublin aren’t at their best, given the ongoing war of words about the Northern Irish Protocol. But Mr S was still nevertheless surprised to see that RTE – Ireland’s state broadcaster – has today published a comment piece by a leading academic and Guardian contributor which seriously floats the idea of
Is this the end of climate activism from pension providers and other institutional investors? BlackRock, which manages $10 trillion in assets, has toned down its enthusiasm for blocking company boards that are not sufficiently committed to a carbon-free future. In January 2020, BlackRock’s CEO Larry Fink shook up the world of investment by writing an
It was an unconventional start to the day for Michael Gove this morning. The veteran minister appeared on BBC Breakfast to deny whispers within Whitehall of an ’emergency Budget,’ slapping down such talk by using a bizarre array of accents that ranged from American to Harry Enfield’s infamous ‘Scousers’ impersonation. Gove told listeners across the
Angela Merkel left the German chancellery at the end of last year with a bunch of flowers, a standing ovation in the Bundestag, a fist bump from her successor Olaf Scholz, and an approval rating of 68 per cent. Rarely for a national leader, she left office on her own terms, remaining Germany’s most popular
Covid infections are finally falling in Shanghai. The city reported just over 2,000 cases on Tuesday, down from over 27,000 at its peak a month ago. Yet instead of regaining their freedom, locals have been hit by tighter lockdown restrictions. Even the World Health Organisation, which typically shies away from criticising China, is urging Beijing to
After the pomp and circumstance of yesterday’s Queen’s Speech, Tory MPs were on their best behaviour last night as they trooped into Downing Street to attend evening drinks with the Prime Minister. Boris Johnson has instituted a series of these receptions in recent months, as part of a belated effort to ‘love bomb’ his restless backbenchers. Such
In a society obsessed with labels, we are surrounded by amateur psychologists at every turn. Low attention span? ADHD! Social awkwardness? You’re probably on the spectrum. Had an argument with your partner? Maybe he’s a gaslighting narcissist. You’d be lucky to have a mid-afternoon drink without whispers that you’re an alcoholic. The West’s obsession with
One of the many curious things about Foreign Secretary Liz Truss is that she has the capacity to drive some people around the twist. There are the Trussites, hovering over her Instagram posts in political adoration, and then there are others who consider her a menace who is about to be made Prime Minister in
Meghan Markle has starred in a Netflix show and married into the Royal Family, but has she got her eyes on even loftier ambitions? Since quitting the UK and moving to the United States, the Duchess of Sussex has involved herself in various soft-political campaigns. She’s asked Congress to legislate paid family leave. She has also placed
12 min listen
Inside the Lord’s Chamber, Prince Charles delivered the Queen’s Speech in his mother’s absence. The key themes of the Prime Minister’s legislative agenda included easing the cost of living crisis, post-Brexit economic arrangements and a particular emphasis on crime. ‘You can tell the Tory party is trying to shore itself up from being outflanked on
Boris Johnson is running out of time to produce things the Tories can show the voters at the next election. The theme of his Queen’s Speech – if there was one – was an attempt to fix that. That next election campaign was countered by Keir Starmer in the chamber this afternoon. The main focus was on the
Berlin, Germany Germans have a complex relationship with their Erinnerungskultur, or ‘culture of memory’. Whenever the word appears, it almost invariably refers to how the country thinks about its difficult past. Determined never to forget the horrors of the Nazis, Germans have spent decades reflecting on the evil that their forbears unleashed upon the world. And
Boris Johnson has travelled to Stockholm to sign a mutual defence pact with Sweden to tide the country over until it enters Nato. He’ll then travel to Finland to agree similar terms. This is quite significant for a few reasons. To the Prime Minister, the ‘global Britain’ post-Brexit strategy means signing global new trade and defence relationships: with European and global partners. In
