‘What the hell is going on?’ That anxious wail of economic incomprehension has been heard ever since President Trump decided last January to impose tens of billions of dollars of tariffs on China and other countries, including Canada, Mexico and the member states of the EU. The wail went up another octave last week as
As Labour gathers for its conference in Liverpool this weekend, the Conservatives will be watching with trepidation, rather than the schadenfreude with which they initially treated the rise of the hard left. Underestimating the appeal of Jeremy Corbyn was one of the biggest mistakes the Tories have made in the past two years, and the
Pupils are back in classrooms and parents can finally have a brief respite from worrying about their children’s excessive screen use — or, at least, worrying it is all their fault. This angst peaks each year in the summer holidays, those long, sunny weeks illuminated in large part by the blueish light from children’s smartphones,
Walking down the street on my lunch break, I sometimes pass a delivery man wheeling a large handcart of Japanese food. The cart bears a striking message: ‘Creating a world where everyone believes in their own authenticity.’ It raises some immediate questions: for instance, what does it mean to believe in your own authenticity? How
To the inhabitants of the British Isles, the nations of central Europe have always existed in a semi–mythical space, near enough to be recognised as somehow European, but too distant to be taken seriously. Neville Chamberlain dismissed them as ‘faraway countries of which we know little’; Shakespeare gave landlocked Bohemia a coastline. In British school
One of the many pleasures of writing the life of Thomas Cromwell was to reach out behind the various versions of his life published in the past few years and glimpse the real man lost for so long: a complex, often admirable statesman who set England and Ireland and their successor-kingdom on to new paths.
The Conservative party has to move beyond Brexit and leaders: what is it going to be about? I suggest it has to be about healing capitalism. Capitalism is the only system that is capable of delivering mass prosperity, but it cannot be left on autopilot. Once every few decades it veers off track and requires
One of the better plays at the National Theatre in recent weeks has been about a 21st-century banker, Judy, who quits her job to become a 1950s-style housewife. In Laura Wade’s Home, I’m Darling, Judy ditches her corporate wardrobe for a kitchen pinny and feather duster. She could have stepped from the Good Housekeeping domestic
When Boris Johnson compared Theresa May’s Brexit plan to wrapping a suicide vest around Britain’s constitution, the harshest response came from a fellow Tory MP, Tom Tugendhat, who tweeted: ‘A suicide bomber murdered many in the courtyard of my office in Helmand. The carnage was disgusting, limbs and flesh hanging from trees and bushes. Brave
Washington, DC Republicans observing a rising wave of liberal and progressive candidates, policies and election results in the United States may wish to blame Democrats such as Nancy Pelosi, Chuck Schumer, Barack Obama, Hillary Clinton, or billionaire donors like George Soros or Tom Steyer. They’re missing the mark. The real cause of political disaster coming
It looks as if the Conservative party is already at war. Fifty or so Brexiteer Tory MPs openly meet to discuss deposing the Prime Minister — yet they have no strategy and (at present) no chance of defeating her in a confidence vote. On Twitter, Tory backbenchers and even ministers can be found threatening to
There is a Tiger on the loose. It is stalking our high streets. It is prowling our train stations. It has cubs in every shopping mall. It is the Tiger of Tat. And when it roars, it roars: BUY. Tiger, a home accessories chain which opened its first UK shop in 2005, is an emporium
Beirut ‘The planes have already hit the hospitals’, said an aid worker. ‘They always do that first’ The customs man wore a white linen suit. He had a large moustache. His ample belly touched the edge of his desk. The scent of cardamom wafted over as a tiny cup of coffee was placed in front
There has been much inconclusive speculation on the Queen’s views on Brexit. In 2016, the Sun asserted that she was in favour (later overruled by Ipso as ‘significantly misleading’). Last year, pro-EU commentators claimed that the blue hat with yellow stars she wore to open Parliament showed coded support for Remain. For now, we are
We often hear it said that the financial crash created populism. It is now a familiar story: that the Lehman Brothers collapse and the Great Recession exposed a shocking and colossal failure of economic stewardship in general. Ordinary families suffered, while bankers were bailed out. This led to people losing confidence in mainstream parties and
There was once a belief that for TV and radio commercials, a Scottish voice was more ‘trustworthy’. This was particularly the case for financial services ads. It was, however, a belief entirely without foundation. ‘We made it up,’ a banking executive once told me. ‘We’d moved our call centres up to Scotland, so we decided
The first sign that Matteo Salvini was destined to do battle with Emmanuel Macron came in June, a few days after he was named Italy’s interior minister. Salvini, whose party, the League, wants to cut immigration drastically, announced that a German-registered rescue ship carrying 629 aspiring migrants from Africa would not be allowed to dock
The Catholic Church is confronting a series of interconnected scandals so shameful that its very survival is threatened. Pope Francis himself is accused of covering up the activities of one of the nastiest sexual predators ever to wear a cardinal’s hat: his close ally Theodore McCarrick, the retired Archbishop of Washington, DC. Popes John Paul
Every so often sport bursts its banks, spills from its usual courses and goes flooding incontinently onto the news pages. This year we’ve already had Australian cricketers doing unspeakable things with sand-paper, Gareth Southgate’s World Cup waistcoat and the return of Serena Williams to Wimbledon a few months after an emergency caesarean. And now we
With September marking a decade since the Lehman Brothers implosion, stand by for a slew of economic retrospectives. Any meaningful analysis, though, needs to get beyond historic balance sheets and plunging share price graphs — however dramatic the data. For the most significant impact of the biggest financial and economic upheaval since the Great Depression