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Brown bottles out, no election this year

Gordon Brown has ruled out an election this year following a poll of marginal seats that showed Labour significantly behind the Tories. No election is now expected until 2009. Coffee House has reaction and analysis to this news. Click here to read the latest from our political team.  

The Spectator's Notes

The Spectator’s Notes | 6 October 2007

Blackpool Such is the strange rhythm of politics that this turns out to be the most successful Conservative conference for many years. George Osborne, who only a week ago people kept telling me was a disaster, put in a commanding performance. His promise to lift the threshold of inheritance tax to £1 million did not

Any other business

A chastened City

Can we make a link between the chopping of 1,500 jobs, mostly in London and New York, by the Swiss banking giant UBS, and the news that the City of London Corporation has come up with a £300 million contribution to the financing of Crossrail, the long-awaited Heathrow-to-Docklands transport link? Well, connecting unrelated news events

A symbol of change – but is she the real thing?

It wasn’t hard to see what was in it for President Nicolas Sarkozy when he appointed Christine Lagarde as France’s new finance minister in June this year. After a glittering career in international law, Lagarde had become a star in American business circles: the 30th most powerful woman in the world, according to that ultimate

Penguin’s irrational exuberance

What’s the biggest threat to the stability of the global economy today? Derivatives? Hedge funds? The credit crunch? Actually it could be Pearson, the company that owns the Financial Times. How so? By allowing its Penguin imprint to pay $8.5 million for the memoirs of Alan Greenspan, the former chairman of the US Federal Reserve.

Find another planet and plant it with soybeans

Elliot Wilson says there isn’t enough arable land in the world to make plant-based fuels a viable alternative to oil ‘Biofuels?’ Ricardo Leiman gives an imperious snort, his eyebrows wobbling. ‘Bio­fuels?’ he repeats in an offended tone, as if asked to perform a lewd act. ‘There’s about 20 million tonnes of processed edible oil on