Economies run on confidence — as Franklin D. Roosevelt observed when he told Americans, in his first inaugural address during the depths of the Great Depression in 1933, that they had ‘nothing to fear except fear itself’. If that confidence is lost, if people collectively start drawing in their horns, squirrelling money away because they
Home Government finances were in surplus by £2 billion in July. Public sector net debt rose to £1,777.5 billion, equal to 84.3 per cent of GDP, £17.5 billion more than a year before, but less as a proportion of GDP than last year’s 86 per cent. Jeremy Hunt, the Foreign Secretary, flew to Washington and made a speech
Down here near Nice, you find most locals unsurprised by the catastrophic Genoa bridge collapse. The Italian border is only a few miles away but most people will find any excuse not to cross it — including my wife and me. In fact, these days we don’t go there at all. We haven’t done for
Cultured tastes Dawn Butler accused Jamie Oliver of ‘cultural appropriation’ for coming up with his own recipe for jerk rice. Some other culturally appropriated dishes she might find hard to swallow: Chop suey is said to have been invented in 1896 — during a visit to New York by China’s US ambassador Li Hung Chang
Not up to snuff Sir: The country is indeed crying out for expertise, as James Ball and Andrew Greenway wrote last week (‘The rise of the bluffocracy’, 18 August). But the main problem is with the civil service, not politicians. The civil service has traditionally wanted experts to be ‘on tap, not on top’. This
