Ed miliband

It’s not just left-wingers who think the bosses’ pay boom is unhealthy

The FTSE100 index stands precisely where it did in the first week of December 1999. Whichever way you look at it, shareholders — including pension funds — have had a rotten run on the economic rollercoaster of the past 15 years. So it’s reasonable to keep asking whether the rise in executive pay over that same period is justified: a report from the High Pay Centre says remuneration of the average FTSE100 chief executive is now at a multiple of 130 times (corrected from the report’s original figure of 143 times) that of the average worker in the same companies. In 1998 that multiple was 47, indicating that top pay

Inflation down, Osborne up

David Cameron is back on holidays again, this time to Cornwall. He missed a trick. His economic recovery is making the pound strong and, ergo, the continent cheap for British holidaymakers. This also makes imports cheaper which has, in turn, cut UK inflation to 1.6 per cent in July – down from 1.9 per cent in June. This will be deeply annoying for Ed Miliband, as it interferes with his ‘cost of living crisis’ narrative. This had more potency when inflation was high (see the graph above) but it becomes that much harder to push the line now. Especially when inflation is expected to trot along near the target of

Up the workers!

Mr S was interested to read that Mark Carney has sounded the alarm on low wage growth. In light of yesterday’s announcements, the Times’s business commentator Andrew Clark calls for bosses to ‘display a modicum of largesse’ to sustain the economic recovery. Mr S hears on the grapevine that business leaders are planning to open their pockets at the end of this year, if only to stop Ed Miliband, who is regarded with a certain amount of distrust. The thinking is that a wage rise will undermine Labour’s (increasingly successful) rhetoric on the cost of living. Mr S wonders: will a prominent Tory use the party conference, the last before

The punters back Boris for Tory leader

The money is moving. Boris Johnson is now the bookies’ favourite to become the next leader of the Conservative Party. According to Ladbrokes he’s at 9/4, with Theresa May and George Osborne trailing him at 4/1 and 5/1, respectively. Plainly, Boris reckons that David Cameron is on-course to lose the next election, or else he wouldn’t have made today’s annoucemnent. The turf accountants agree with him. They have Ed Miliband at 4/5 on to be the next Prime Minister, while BoJo stands at 5/1. Could it ever happen for BoJo, though? He’s 7/2 to make it to Number 10 ‘at any time’. Talking of bets, our own columnist Toby Young

Why the Miliband wreath row is unfair and unseemly

So Ed Miliband is in trouble with some angry people over whether or not he took enough trouble over signing a remembrance wreath. Here is the offending wreath, on the right besides the Prime Minister’s which bears a personal message. Messages on the wreaths laid by David Cameron and Ed Miliband. #WW1Centenary #c4news pic.twitter.com/gDNMxvc2tQ — Ciaran Jenkins (@C4Ciaran) August 4, 2014   Mark Ferguson at LabourList reports Labour sources saying they were just handed the wreath at the very last minute, and had no chance to add a personal message. Nick Clegg’s wreath was similarly bland. Number 10 says it’s standard practice for the Prime Minister to sign his wreath

If Miliband really cared about defending British Jews, here’s what he would say

In this week’s Spectator, Melanie Phillips argued that supposedly anti-Israel protests over the Gaza war have convulsed Europe in the worst scenes of open Jew-hatred since the 1930s. The most appalling aspect is the silence in the face of all this of the political class. Here’s her suggestion for what Ed Miliband should say if he really cared about the rise of anti-semitism in Britain: ‘I am horrified, not just because of the resurgence of the madness from which my own family so grievously suffered in the Holocaust, but also because we on the left bear no small responsibility for this current obscenity. ‘Hamas has placed its rocket arsenals below hospitals,

Ed Miliband’s union bosses would change Britain for the worse

Trade unions have an important role in any decent society, but their stranglehold on the Labour Party is something we must fight against. I will never forget walking the streets of Poland back in 1981, when martial law was in force, and there were armed soldiers on almost every street corner. There it was a trade union, Solidarity, which brought authoritarian Communism to its knees. In the UK Margaret Thatcher recognised the importance of trade unions in society. Indeed one of her first roles in politics was as chairman of Dartford Conservative Trade Unionists. But the battle in British politics today is nothing to do with the work done by

Why Ed Miliband’s public image matters

For a politician to draw attention to his own deficiencies is a desperate attempt to curry favour with the electorate that has been tried before with dismal consequences. The most famous case is that of the former Tory leader Iain Duncan Smith who, at his 2002 party conference, addressed the problem of his dullness as a political performer by saying that no one should ‘underestimate the determination of a quiet man’. One result was that Labour backbenchers would raise a finger to their lips and say ‘shush’ whenever this croaky-voiced man was speaking in the House of Commons. He tried to sound tougher at the next year’s Conservative conference by

Steerpike

Ed Miliband’s ‘new politics’ update

Derision met Labour when news emerged that more than half of its prospective parliamentary candidates are former special advisers, party workers, researchers, lobbyists or ex-MPs. Ed Miliband (PPE, Corpus Christi College, Oxford) heralded a ‘new politics’ when he took over the party; yet his top team embodies the political class: Ed Balls (PPE, Keble College, Oxford), his wife Yvette Cooper (PPE, Balliol College, Oxford); Angela Eagle (PPE, St John’s College, Oxford) and her sister Maria Eagle (PPE, Pembroke College, Oxford). Some Labour frontbenchers who didn’t go to Oxford worked as Special Advisers for the last Labour government; many others did both. Most of us, of course, have done neither. There

Boris Johnson minces Ed ‘Image’ Miliband

Mr S can only commend Boris Johnson’s column in the Telegraph today. It eviscerates Ed Miliband for his hypocrisy over ‘image’ and ‘substance’. As Boris puts it: ‘Ed Miliband is absolutely right to say that politics should be about ideas, and he is right to say that these should be more important than image. But the awful fact – confirmed by this speech – is that, frankly, Miliband’s image and photo-opportunities are the best things he has in his political programme.’ The rest is here.

Labour confirms Tory strategy: Vote Nigel, Get Ed

Talk to most Tory strategists about Ukip and Ed Miliband and they say something along the lines of ‘Vote Farage, get Miliband’. They hope that this will deter people from voting Ukip or win back those Ukip supporters who are not irreconcilable to the Tories. The Telegraph has news that Labour’s private polling confirms the Tory view: Ed Miliband will win Downing Street if Ukip polls 9 per cent of voters, which it is more than capable of doing on current projections. The Tories, I suspect, will be fairly pleased that Labour has published this information. It reinforces what we’ve known all along: an unpopular left-wing party will win power

James Forsyth

Ed Miliband tries to turn his vices into virtues

Ed Miliband’s admirers are hailing his speech on Friday as an attempt to change how we think about leadership. It might have been that, but it was also a very political attempt to deal with the ‘Ed problem’, the fact that he trails David Cameron in the leadership stakes by a potentially fatal margin.   There is huge frustration in Miliband’s circle that, as one puts it, voters say that they don’t like spin and then say they won’t vote for Ed as he’s bad at it. But for all Miliband’s decrying of modern politics emphasis on presentation, he has—at times—tried to play the image game just as hard as

Call Me Dave still has much to learn from The Master

David Cameron and Tony Blair faced identical tasks earlier this week. Both wished to force a reluctant group of back-sliders to adopt a more robust and pragmatic position. Cameron wanted Europe to toughen up against Putin. Blair wanted Labour to toughen up against Cameron. Blair’s opportunity was the 20th anniversary of his enthronement as Labour’s leader. Oddly enough the chief beneficiary of that leadership – the Labour party itself – mysteriously forgot to give its messianic champion a chance to reflect on his methods. Instead, he offered his blueprint for further Labour victories to the think-tank, Progress. Blair likes to write in the early morning, in long-hand, seated at a window. This

Steerpike

Image is the least of Ed’s worries

What were Labour thinking? Against the background of Ukraine and Gaza, the only domestic story likely to cut through is an economic one. The news today is dominated by David Cameron, George Osborne and Nick Clegg wallowing in the success of the British economy. So what did Ed Miliband do? He made a speech about presentation for the Westminster village, of course. The SAS is on standby to land in Ukraine, Gaza crumbles and the IMF gives the UK a gold star for economic performance; but, look over there, Ed’s got something to say about the political-media nexus! Miliband’s war on photo-ops is utterly laughable given that it came just

Ed Miliband stakes all on his ‘big choice’

Labour will launch its summer campaign later today. The centre-piece is Ed Miliband’s speech. He will present a ‘big choice’ to the British public, arguing that they cannot afford 5 more years of Conservative rule. Miliband’s argument is simple: the economy is broken, only we can fix it; the NHS is threatened, only we can save it; the Tories represent the few, only we care for the many. You will have heard these mantras many times before; but, this time, the presentation is different. The speech bears the mark of David Axelrod, who is busy ‘reframing’ Ed Miliband as an honest yeoman of the shires rather than a metropolitan oddball. Rafael

Ed Miliband comes to Washington — and nobody here notices

Washington, D.C. Ed Miliband met with Barack Obama yesterday, haven’t you heard? The British press covered the visit with their usual gusto but the visit barely registered on the radar of American outlets. Out of the country’s most influential papers, neither the New York Times nor the Wall Street Journal wrote a single word about the potential next prime minister of the United Kingdom meeting the president. Miliband wasn’t covered on any of the blogs or TV stations either. Only one US paper said anything about the visit. In yesterday’s Washington Post, I described the lack of interest in Miliband’s visit from Washington’s point of view and why the trip matters for the Labour leader: ‘The Miliband brush-by would not be the first

Caption competition: Ed Miliband meets Barack Obama

I’m in the US right now, where the national conversation is – it’s safe to say – not fixed on Ed Miliband’s White House trip. We now have photographic proof of this event, but what’s Barack Obama saying? A prize for the best suggestion. PS some unkind souls have suggested that this picture is the unfortunate type, taken by a malicious photographer. This is the official picture released by the Labour Party. I assume there were a few worse ones rejected.

Steerpike

Tony Blair — the unloved one

Tony Blair, international superstar, has jetted into London to deliver the inaugural Philip Gould Memorial Lecture at Progress, a think tank. The speech would have enraged the likes of Len McCluskey, in the unlikely event that he listened to it. Blair trotted out all the pleasing soundbites of the past. The ‘third way’ was, he said, ‘a hard-headed examination of the world as it really is.’ Progressive politics was ‘not a cast of policy but a cast of mind. It’s not a programme but a philosophy. It’s not time limited but perpetual.’ The audience drank of these comfy platitudes and were nourished. Mr S, meanwhile, wondered what Ed Miliband, who

Miliband’s message: I’m neither New Labour nor Old Labour

On the hottest weekend of the year, few people would want to be stuck inside in Milton Keynes. But that is where the Labour hierarchy finds itself. For this weekend is the party’s national policy forum. Ed Miliband’s speech today is meant to try and show that while he has moved on from New Labour he is not old Labour. There will be much talk of how fiscal restraint will have to continue and how Miliband knows there can be no return to the free spending ways of the past. One aide sums the message up as, ‘We know there is no money to spend.’ But it’ll be fascinating to