Brexit

The next Italian crisis

For those who believe in the European project, Brexit is a headache. Italy, on the other hand, is a bloody nightmare. Its new anti-elite populist coalition government of the alt-left Five Star Movement and the radical-right League is currently set on a collision course with the EU. This could easily start a chain reaction that destroys the single currency. The British media hardly mentioned it but on Saturday, once Jean-Claude Juncker, EU Commission president, had sent Theresa May on her way with a pat on the back, he sat down to ‘a working dinner’ with Giuseppe Conte, the Italian Prime Minister, to discuss Italy’s ‘unprecedented’ breach of EU rules on

Ross Clark

The Corbyn effect

What’s wrong with UK financial markets? The global economy is recovering, but British stocks and shares are not keeping pace. The pound has failed to recover from the slide it experienced in the wake of the EU referendum. This is frequently blamed on investors being spooked by Brexit, even more so by the possibility of a no deal. But has anyone actually asked the markets what is spooking them? Look closer and it becomes clear that while Brexit is a problem for some investors, most are much more worried about a far bigger risk, even if they rarely speak about it in public. It is the possibility of a Corbyn

Gary Lineker’s Brexit muddle

When Gary Lineker isn’t talking about football there is another subject that he likes to bang on about: Brexit. Lineker has backed the ‘People’s Vote’ campaign and is calling for a second referendum. As the Chancellor Philip Hammond unveiled his Brexit forecasts this morning, Lineker was spurred into action on Twitter: The only problem? That is the message the Treasury was selling 2.5 years ago. Back in May 2016, the chancellor’s predecessor George Osborne warned that Brexit would tip Britain into a year-long recession and cause a ‘profound’ economic shock. We were also told by David Cameron that a vote to Leave would be the ‘self-destruct option’. Of course in

Ross Clark

Philip Hammond has exposed the problem with the Treasury’s Brexit forecast

It is the decimal point which really gets me. If we have a ‘no deal’ Brexit, according to Treasury forecasters, the economy will be 7.6 per cent lower in 15 years’ time than it would be if we didn’t leave the EU. What, not 7.7 per cent? It is an age-old trick: express your guesswork with a decimal point or two on the end and hope that it sounds a bit more convincing, as if a bit more science has gone into it. But sorry, the Treasury should not be fooling anyone this time. It is politically interesting that Philip Hammond told the Today programme this morning that he thinks

Spectator Parliamentarian of the Year 2018: the winners

The Spectator’s 32nd Parliamentarian of the Year awards took place at the Rosewood Hotel in London this evening. The awards were presented by Liz Truss. Here are the winners: Backbencher of the year – Maria Miller Speech of the year – Margaret Hodge Minister of the year – Geoffrey Cox Campaigner of the year – David Lammy Inquisitor of the year – Yvette Cooper Comeback of the year – Emily Thornberry Resignation of the year (Minister) – Tracey Crouch Resignation of the year (Cabinet) – Dominic Raab; David Davis Peer of the year – Viscount Hailsham Politician of the year – John McDonnell Parliamentarian of the year – Frank Field

Charles Moore

The UK must avoid the backstop trap

Theresa May, William Hague and others say that the EU will not want to trap Britain in the backstop because it is not in its interest. It will want to move to a free-trade agreement for its own benefit. If that is so, why is the backstop the thing above all others upon which the EU insists? One reason why Brexiteers have to oppose the backstop absolutely is that it is yet another manifestation of Britain’s delusion in every European negotiation over nearly 50 years, which is that we should grab ‘practical’ advantages and concede ‘windy’ principles. This sounds good, but it invariably means that we are trapped later. The principles acquire

Nick Cohen

The quack doctors of Brexit ignore the cure to Britain’s strife

The British are like patients with an incurable illness. Thinking and worrying can do no good, but those who understand Britain’s sickness can think of nothing else. Rationally, we understand there is nothing we can do about Brexit until and unless the balance of forces shifts in Westminster. No one knows what will happen next. No one can say when the European question will be settled, and we will be free to to get on with our lives as best we can. All options have been discussed to the point of exhaustion and beyond. But like patients who cannot shut their illness from their minds, we can’t help ourselves. We

Could Jeremy Corbyn be about to back a second referendum?

We’ve all been focussing on the crisis that would ensue if – as expected – the PM loses the meaningful vote on her Brexit deal ‪on 11 December‬. But just for a moment think about the implications if she wins, because they too would be momentous. To state the obvious, we’d be out of the EU on terms that are semi-blind – we wouldn’t know our long-term destination. But we would be out. And she, the PM, would rein supreme. She would have crushed her opponents, who would have lost all hope of political advancement or favour. And having delivered Brexit against the odds, she could be pretty confident in

Remaining in the EU would come at a big price for Britain | 27 November 2018

We’re familiar with the warnings about the cost of Brexit. The ‘People’s Vote’ campaign released an estimate yesterday suggesting that Theresa May’s deal will leave the UK £100bn worse off a year. Tomorrow, the Treasury will unveil its forecasts of the economic impact of Brexit. But what about the price of staying put in the EU? Whatever those clamouring for a ‘People’s Vote’ might claim, no Brexit does have a cost. Firstly, the price in terms of political capital will be significant. What does going back on the referendum result say to the 17.4million voters who voted Leave? What about the damage done to trust in our institutions and our politicians? Or to

The trouble with drawing Jeremy Corbyn

‘What would happen if somebody ever came to power that you actually agreed with?’ It’s not a question that troubles most people, but spare a thought for the left-wing satirist who is used to lacerating Tory, Labour and coalition governments with equal ferocity. Yet while I am sometimes asked this question, any party – in government or in opposition ­– has been so far from representing my own views that it has always remained largely hypothetical. Until now. How on earth can I attack Jeremy Corbyn when I find myself agreeing with most of what he says? After all, political cartooning is an offensive, attacking medium. Or it is nothing. The prospect of

Freddy Gray

Why Donald Trump thinks the Brexit deal is no good for US-UK trade

Donald Trump has always been consistent on Brexit. He admired the spirit of the vote, a freedom-loving people defying their elites, as his deplorables would go on to do. He likes Britain. He dislikes the EU, which he has always regarded as a sort of protection racket for German manufacturing and an institution that gets in the way of his golf course development. Ever since Trump’s inauguration, he has made it clear that America is ready to give Britain the ‘beautiful’ free trade deal that so excites Brexiteers. But he and his advisers have been consistently disappointed by May’s insistence that she must stick by E.U. terms and regulations at

Robert Peston

Why the Treasury’s Brexit forecasts will be almost irrelevant

The publication by the Treasury of its forecasts of the economic impact of Theresa May’s Brexit deal, versus no-deal and staying in the EU, has been keenly awaited. But it turns out that what we will read, probably on Wednesday, will be almost irrelevant. Because what the Treasury has modelled is not the deal actually struck on Sunday by Theresa May, but her Chequers plan. And, as you will be keenly aware, the rest of the EU has rejected her Chequers combination of the UK staying in the single market for goods and the dual-tariff customs territory the Facilitated Customs Arrangement. In other words, we will be asked by the

Isabel Hardman

How Jeremy Corbyn could cause yet another Labour split on Brexit

Jeremy Corbyn has been clear for a while that Labour will vote against Theresa May’s Brexit deal in the Commons. But it’s worth keeping an eye on the reaction in his party to the development of a second line in the Labour position, which is that the party has a better plan for Brexit. Today the Labour leader urged the Prime Minister to ‘prepare a Plan B’, telling the Commons that ‘there is a sensible deal that could win the support of this House based on a comprehensive customs union and strong single market deal that protects rights at work and environmental safeguards’. This is of course based on the

Full text: Theresa May defends her Brexit deal in the Commons

At yesterday’s Special European Council in Brussels, I reached a deal with the leaders of the other 27 EU Member States on a Withdrawal Agreement that will ensure our smooth and orderly departure on 29th March next year; and, tied to this Agreement, a Political Declaration on an ambitious future partnership that is in our national interest. Mr Speaker, this is the right deal for Britain because it delivers on the democratic decision of the British people. It takes back control of our borders. It ends the free movement of people in full once and for all, allowing the government to introduce a new skills-based immigration system. It takes back

James Kirkup

A Brexit deal between Tories and Labour is just common sense

Despite – or perhaps because of – the fact that I’ve spent most of my adult life writing and talking about politics and politicians, there are still things about politics that I just cannot, on a fundamental level, understand. Top of the list is tribalism, the “my party right or wrong” stuff that reduces public policy to the level of football chants. (Yes, football is another thing I don’t get. Surprising, I know.) Apart from anything else, taking the view that the people and ideas of the other side are automatically bad is surely utterly self-defeating? Politics is about persuading the greatest number of people to agree and support you,

Ross Clark

How Macron became the modern day Marie Antoinette

Imagine if David Cameron, at the height of the riots in August 2011, had abandoned London to embark on a speaking tour of foreign capitals to lecture the rest of the world on how European civilisation could help save the rest of the world from ‘chaos’. You now have an idea of what it must be like to French this week. Over the past week, protests against fuel taxes have erupted into violence across France, blocking autoroutes and leading to at least two deaths and 600 injuries. But where was the French president to be seen during all of this? He flew off to Berlin to commemorate Germany’s war dead,

Theo Hobson

Does Theresa May’s Anglicanism explain her muddled Brexit?

Ever since ‘Brexit’ was first breathed, there have been comparisons with Henry VIII’s break with Rome. At first such comparisons seemed a bit far-fetched, for there are some big differences between the Catholic Church and the EU, and between Protestantism and zeal for Brexit. But now they seem uncannily apt. For it looks as if we are embarking on an almighty compromise, a monster muddle middle-way that will be decades in the making. It was about thirty years after Henry’s break that his daughter Elizabeth started stabilising things. Let’s hope we’re a bit quicker to realise that we must lay aside our purism and channel the Tudor spirit of compromise.

Isabel Hardman

If May forgets to talk to her MPs, her Brexit deal is doomed

Theresa May is back in the Commons this afternoon updating MPs on her Brexit deal. She’s in the middle of a frenzy of campaigning that makes her efforts during the referendum itself look quite lacklustre (admittedly not hard, given how little effort the then Home Secretary put into that campaign), with phone-ins, newspaper interviews and a bid for a live TV debate on Brexit with Jeremy Corbyn. Tomorrow, May is also going to tour the UK to sell her deal to the public. The Prime Minister’s strategy is to talk over the heads of her warring party and straight to the public, in the hope that at least some of