It’s hard to think of anything more badly run than a Chinese bank. Somalia perhaps, or the BBC’s remuneration committee. Certainly, Beijing’s embattled lenders make ours look like paragons of financial rectitude. We may dislike RBS et al for bringing our economy to its knees, but at least we’re not saddled with a cabal of
In popular myth, King Cnut the Great, more commonly known as Canute, set his throne on the sea shore and commanded the tide to retreat. One version has it that Cnut’s display was a sign of regal arrogance — though if the event ever did occur, it was more likely a rebuke to obsequious courtiers.
I know a lot of people who work in the financial industry. One on one, they are decent and kind. I’d trust them to look after my handbag in the pub while I went to the Ladies. But you know what? I wouldn’t trust many of them to look after my pension or my ISA.
What’s the most surprising thing that could come out of the current economic upturn? A rapid revival in northern manufacturing? The City really getting behind small British businesses? Ed Balls admitting higher public spending wasn’t always the best way to promote growth? Any of these eventualities would be fairly amazing. But the biggest surprise would
If Al-Shabaab was behind the terrorist attack in Nairobi, then the group has come a long way since its foundation in a derelict shampoo factory called Ifka Halane — ‘Clean and Shiny’ — in Mogadishu in 2006. I know a little about the group because I am the only westerner to have met its founder,
Nairobi Kenya is one of those places where everybody knows everybody — and each one of us seems to have friends or relatives caught up in the Westgate shopping mall terrorist attack. My friends Simon and Amanda Belcher were on their way to lunch at the mall before catching a film at the cinema. They
Thomas Barnes, who edited the Times from 1817 to 1841, declared that the ‘newspaper is not an organ through which government can influence people, but through which people can influence the government.’ There have been periods when principle guided the Times — for instance when the great war correspondent W.H. Russell exposed government incompetence in
It doesn’t matter how many times they expand the Louvre or the Musée d’Orsay, Paris’s past is so colossally rich that it could never be squeezed into its great public buildings. The city has instead developed its own breed of ‘house museum’ — ready-made monuments to its distinguished inhabitants. It’s not just regular tourist stops
The most common objection to a Tory-Ukip pact is that neither David Cameron nor Nigel Farage will touch it. So why waste time discussing it? But a pact doesn’t need to be endorsed by the leaders of either party to work. What I have in mind is something bottom-up rather than top-down. A unite-the-right website
David Cameron heads to the Tory conference in Manchester in a far better position than he would have dared hope a year ago. Labour’s opinion poll lead is shrinking, the economy is finally recovering and Ed Miliband is running out of time to persuade the country that he’s a potential Prime Minister. Ordinarily, the Tory
This morning, Nick Clegg promised to take £500 million from taxpayers, and use it to subsidise electric cars. Last year, the Spectator’s annual Matt Ridley Prize was won by an essay exposing the idiocy of the scheme – and the menacing social implications of subsidingof the rich. My wife’s friend Charlotte earns £17,000 a year
When I meet Chris Grayling in his departmental office, I do a double take. The Justice Secretary is not wearing a suit or even his Lord Chancellor’s robes but a pair of pale chinos and a pink Ralph Lauren button-down shirt. Noticing my surprise, Grayling reveals that this is his definition of ‘smart casual’: he’s
Tristram Hunt has the easy charm, quick wits and good looks that you would expect of a TV historian. His blond hair has the hint of a curl to it and the only surprise about his appearance is that there isn’t a college scarf wrapped round his neck. His Commons office, where we meet, resembles
A Tory MP bobbed up at Prime Minister’s Questions recently to ask David Cameron whether he was ‘aware that 4 per cent of people believe that Elvis is still alive? That is double the number, we hear today, who think that Edward Miliband is a natural leader?’ The Tory benches tittered, Labour MPs slumped into
My mum had a friend at university who had been called ‘Pudding’ at school. They’d sometimes be walking down the street, and someone who had known the now-svelte adult as a chubby 13-year-old would say ‘Hello, Pudding’. As I get ready to start at university myself in October, it’s in the knowledge that my schoolgirl
A couple of weekends ago, I went to my 50th wedding. Everyone I have mentioned this to has pulled a rather strange face, as though to say, ‘You count the weddings you go to? What unhinged variety of cross-eyed lunatic does that?’ But like so much of lasting value in life, this began with a
When Germany goes to the polls this weekend the question is not ‘Who will win?’ but ‘With whom will Chancellor Merkel govern?’ There may be another CDU-FDP coalition; there may be another Grand Coalition with the Social Democrats. But there is no doubt who will emerge triumphant. All this may baffle Brits: Angela Merkel has
Andrew Mitchell actually had big doubts about becoming chief whip. True, he had often spoken to friends of being ‘a whip at heart’, and how he’d loved the army-like camaraderie, discipline and intrigue of serving in the whips’ team under John Major. But his regular trips overseas as Secretary of State for International Development meant
James Bond’s ‘Vodka martini, shaken, not stirred’ will never be a mark of sophistication for me because vodka and I go back too far. Our association began when I was nine or ten in that brief interlude after the second world war when Russia was still ‘our noble ally’. Vodka was simply one more new
Modest about our national pride — and inordinately proud of our national modesty. —Ian Hislop I always invest in companies an idiot could run, because one day one will. —Warren Buffett I find it easy to portray businessmen. Being bland, rather cruel and incompetent comes naturally to me. —John Cleese I always wanted to be