Leading article

Economies of shale

The weather conditions of the past week could not have been better conceived to show up the inadequacies of Britain’s — and the rest of Europe’s — energy policy. A vast anticyclone extending from Siberia to eastern England has brought snow as far south as Rome and temperatures of minus 40˚C to Eastern Europe. With North

Bank withdrawals

When George Osborne became Chancellor, he took charge of a very large zombie bank with a medium-sized government attached to it. The Royal Bank of Scotland was nationalised in 2008 with assets of £2.2 trillion, almost four times state annual spending. The difference between RBS being run well or run badly could be counted in

Things fall apart

Last week, the Islamist group Boko Haram launched a horrific attack, bombing five Nigerian police stations and killing 186 in one day. What started as a campaign targeting Christians in the north has now grown into a crisis that threatens to overwhelm the Nigerian government — and the church leaders who appealed for foreign assistance

Work in progress | 21 January 2012

It is often claimed that the Lords, unencumbered by the rivalries and ambitions of the Commons, have a greater affinity with ordinary people than MPs. Certainly, this is the spin which opponents of the Welfare Reform Bill would like to put on its rocky passage through the upper house, where the government narrowly avoided a

Save the union

‘Saving the union’ is unlikely to rank highly on David Cameron’s list of new year resolutions. Scotland is becoming a land about which most Westminster politicians know little and care less. It is being handled in 10 Downing St by Ed Llewellyn, who specialises in foreign affairs, yet neither he nor anyone else has the

Global Britain

David Cameron did not expect to spend Christmas being toasted as a conquering hero. The Prime Minister fully intended to sign a new EU Treaty that night in Brussels, subject to a modest condition that the City of London would be exempt from even further regulation. But the French refused him so much as a

Leadership, please

Is a time of economic crisis an opportunity for fundamental reform, or a time to muddle through while waiting for calmer waters in which to effect lasting political and economic change? When he came to power last year, David Cameron argued for reform. He laid out plans so radical that Vince Cable complained they were

The forgotten workers

It was a reasonable guess that, once the government had appointed a group of the great and good to investigate the summer riots, somehow we would all have to share the blame. It is a central tenet of liberal Britain that while criminals may share some of the blame for the acts which they perpetrate,

The technocrats’ coup

Just a few weeks ago, calling someone a ‘technocrat’ was a soft insult. The word meant, in effect, an efficient dullard. Now, technocrats appear to be inheriting the earth. They represent a new global elite, and they have recently added Greece and Italy to their empire. When Egypt’s military faced riots on the streets this

The Chancellor’s challenge

First the good bit: the pronouncements of George Osborne’s early weeks at No. 11 helped to pacify investors who might otherwise have treated our government bonds to the same degrading treatment as those of Greece, Ireland, Spain and now Italy. As a result of a credible programme to reduce (albeit not eliminate) the deficit, confidence

Border skirmish

No job in government has its path so strewn with banana skins as that of Home Secretary. A missing criminal, slippery detainee or foreign terrorist can end a ministerial career. And with tens of thousands of people going in and out of the country daily it can happen at any moment. The Home Office has

Don’t blame the Greeks

One can’t help but admire the Greeks. To be sure, they lied and cheated their way into the euro, and even the threat of a referendum on the bailout may yet tip the eurozone into a financial abyss. But there is something to be said for actually consulting the people about their future. Greece faces

Old world order

Britain has never been defined by its place on the map. Our nation’s reach and interests have always been global, not merely continental. Not so long ago, a quarter of humanity was united under our empire. Today, in empire’s place, stands the Commonwealth. This weekend, the Queen convenes the meeting of its various heads of

Leading article: A Faustian pact

Given the hold that Goethe had over the German elite in the 1920s, it is impossible that the Weimar Republic’s leaders could have been ignorant about what happens when desperate politicians start printing money. In Part II of Faust, the devil suggests to an emperor that he solves his fiscal crisis by mass-producing banknotes. He

Egypt’s new theocracy

The massacre this week of Coptic Christians in Cairo stands as a bloody corrective to the idea that the ‘Arab Spring’ was a wonderful uprising of the masses against dictators. Revolutions are not, in themselves, causes for celebration if they create a vacuum that can be filled by evil. The deliberate mowing down of dozens

Leading article: The Osborne doctrine

What with all the excitement over Italian courtroom dramas, not enough attention was given to a radical statement by George Osborne at the Conservative party conference. It was one of the few important pronouncements made in Manchester this week. He declared: ‘Let’s at the very least resolve that we’re going to cut our carbon emissions

Leading article: Who’s afraid of Labour now?

The Conservatives are granted only two tickets to Labour party conference: a shame, because there could have been no better morale booster for Tory troops. The merger between Labour and their union paymasters has become so advanced that shadow ministers speak about the joint ‘movement’ rather than the party. Dethroned Cabinet members are still wandering

Leading article: Labour’s opportunity

By now, Ed Miliband should be feeling upbeat about next week’s Labour party conference. No matter what happens in Liverpool, it can’t be more debasing than the spectacle the Liberal Democrats laid on in Birmingham. The Lib Dems’ decision to insult their coalition partners did nothing to enhance their standing. If the Tories are, as

Leading article: A new deal with Europe

Nick Clegg is right to say that the British economy is entering a ‘dangerous phase’ and that we ought to think seriously about the necessary means to steer us through. Conservatives in government are coming to the same conclusion. Extra spending, the left’s solution, is a horribly blunt tool. Far better is radical reform of

Leading article: A failure of planning

David Cameron has been struggling to get across what he means by his Big Society project, but he has nonetheless succeeded spectacularly in motivating previously apathetic and distant neighbours to get together and give up their time for a common purpose. Unfortunately for the Prime Minister, that purpose is to stop his planning policy. True,