Eu referendum

Mark Carney uses interest rate decision to put the boot in over Brexit again

The Bank of England’s decision to keep interest rates pegged at 0.5 per cent won’t surprise anyone. What is more interesting, after today’s row involving Mark Carney, is how much the Bank had to say about the EU referendum. Brexiteers hoping Mark Carney and the BoE’s Monetary Policy Committee would keep quiet about next week’s vote will be disappointed. In its meeting minutes, the MPC gives it both barrels when warning about the dangers of Brexit. The MPC says a vote to leave would send sterling’s exchange rate tumbling. It goes on to add that: ‘As the Committee set out last month, the most significant risks to the MPC’s forecast

Don’t panic! Turkey won’t be joining the EU anytime soon

The Leave campaign sees the EU-Turkey accession talks as a reason to drum up fears about migration. In fact, it is a red herring. True, David Cameron may have previously been one of the most vocal champions for Turkish EU membership, even if during the referendum campaign he said that Turkey will not join ‘until the year 3000’. But despite his apparent contradiction, he is right about one thing: Turkish membership is a long way off. So what do the accession talks look like as they stand? They are made up of 35 chapters in all but so far only one chapter – on science and research co-operation – has

James Forsyth

Leave six points ahead in latest phone poll

Fraser Nelson and Nick Cohen discuss The Spectator’s decision to back Brexit: The Ipsos MORI phone poll released this morning shows a dramatic turnaround since its last poll which had a double digit advantage for Remain. Leave is now six points ahead amongst those likely to vote. This means that Leave has been ahead in 7 out of the last 10 polls and 2 of the last 4 phone polls. Almost as worrying for the Remain campaign as the headline number is what the internals of the Ipsos MORI poll show. In a change from last month, immigration is now the top issue for people in this referendum, overtaking the

Tom Goodenough

Bank of England Brexit bust-up shows the referendum campaign is getting nastier

With a week to go until the referendum, nerves are running high in both the ‘Leave’ and ‘Remain’ campaigns. This morning, we’ve seen that nervousness manifest itself in a spat between senior Tories and the Treasury and the Bank of England. Iain Duncan Smith, Michael Howard, Lord Lamont and Lord Lawson have signed a letter saying both the BoE and Treasury have been ‘peddling phoney forecasts’ to scare people into backing ‘Remain’. In their letter to the Daily Telegraph, they go on to say that: ‘There has been startling dishonesty in the economic debate, with a woeful failure on the part of the Bank of England, the Treasury, and other

James Forsyth

Cameron’s appointment with fear

The best thing that can be said for David Cameron’s current predicament is that he has been here before. His career has been punctuated by moments when the polls and the pundits have said he was done for. In 2007, with the new Prime Minister Gordon Brown enjoying a honey-moon and considering a snap election, this magazine pictured him on the cover with a noose and the headline ‘Get out of this, Dave’. He did. At times, even he has thought his leadership was over. On election day last year, he spent the early evening rehearsing his resignation speech to his closest aides. Hours later, he was hailing the ‘sweetest

Nick Cohen

Brexit’s bitter harvest

Nick Cohen and Fraser Nelson discuss The Spectator’s decision to back Brexit: We British flatter ourselves that common sense is a national personality trait. Giddy Europeans may follow the abstract notions of dangerous leaders, but we could not be more different. We are a practical, moderate breed — if we do say so ourselves — who act according to the evidence, not fantastical theories. Let me see how this dear delusion is bearing up. It feels as if the Leave campaign will win the EU referendum. But even if Leave loses, it seems certain that it will perform so well as to produce an existential crisis in both our main

Out – and into the world

  The Spectator has a long record of being isolated, but right. We supported the north against the slave-owning south in the American civil war at a time when news-papers (and politicians) could not see past corporate interests. We argued for the decriminalisation of homosexuality a decade before it happened, and were denounced as the ‘bugger’s bugle’ for our troubles. We alone supported Margaret Thatcher when she first stood for the Tory leadership. And when Britain last held a referendum on Europe, every newspaper in the land advocated a ‘yes’ vote. Only two national titles backed what is now called Brexit: the Morning Star and The Spectator. Our concern then

Rory Sutherland

The cultural hodgepodge that is Europe

If Geert Hofstede’s name is familiar to you, it might be from pop-science articles explaining a spate of Korean airliner crashes in the 1990s. A widely held theory placed some of the blame on the hierarchical nature of Korean culture; this made the junior pilot reluctant to mention any mistakes made by his superior. If he noticed the captain heading for a hillside, he might summon up the courage to mutter, ‘Perhaps, honoured sir, you might like to pay particular attention to the interesting terrain.’ This contrasts with low ‘power distance’ cultures: New Zealand, say, or Ireland. On Aer Lingus, a stewardess could jab the pilot in the ribs and

Martin Vander Weyer

As my pen hovers over the ballot paper, I ask: am I a roundhead or a cavalier?

My pen hovers — but refuses to touch the postal ballot paper. I pour a drink (I won’t say whether claret, schnapps or English ale) and break off to watch Versailles, with its parade of lecherous continental backstabbers. The blood stirs, but still I cannot choose. So I defer the moment of decision, Remain or Leave, until after a short trip to France… Middle-aged match Meanwhile, business as usual. Microsoft is spending $26 billion to acquire LinkedIn, the social network for job-seekers. That looks a crazy price for a venture which lost $166 million last year on revenues of $2.9 billion and has never been regarded as cool. But what

James Delingpole

I’ve seen the future – and it’s beautiful

 Berne, Switzerland Before we vote Brexit I thought I’d pop over to Switzerland — courtesy of Die Weltwoche, the nearest local equivalent to The Spectator — to see how life will be once we escape the EU. Can confirm: it’s going to be great. We’ll be richer, freer and the views are fantastic: lakes and mountains so stupidly gorgeous that each time you look at them you think: ‘This is ridiculous. Nowhere could possibly be this ludicrously pretty.’ Then you go under a tunnel to the next valley where it’s just as lovely. It’s like gorging on a giant bar of hazelnut Lindt. And — in their understated Swiss way

Mary Wakefield

The day that Brexit camped in my kitchen

On Thursday last week, as the baby and I were moving in our usual slow circles around the house, from changing station to feeding station to the place of dreaded midday nap, my husband, Dom, called to say he and all his colleagues were coming over. Dom is employed by Vote Leave, the group campaigning for us to get out of the European Union. He’d been hard at work, he said, sharing his concerns about Turkey with the media, when water had begun to gush from the ceiling. Was this a desperate move by No. 10, intent on sabotage? Nope, said Dom, but we can’t stay here so I’ve invited

Gove wouldn’t support Osborne’s ‘punishment Budget’

One consequence of David Cameron’s refusal to take part in any ‘Blue on Blue’ debates is that he and Michael Gove are appearing several days apart on BBC Question Time. Tonight, it was Gove’s turn to face the studio audience. In reply to the first question, Gove made clear that—in the event of Britain voting to leave—he wouldn’t support the so-called ‘punishment Budget’ that George Osborne set out today. Gove said that the Remain campaign were ‘turning it up to 11’ on the scare stories as polling day approached. Though, interestingly, he studiously avoided any personal criticism of Osborne. With the polls tightening the Remainers are getting more passionate, and

Tom Goodenough

Coffee House shots: Osborne’s Brexit budget

George Osborne has angered Tory MPs today by suggesting a vote to leave the European Union could trigger a series of tax rises. 57 Conservative MPs have signed a letter saying that they would not support such a motion in Parliament in a move which left Osborne flailing during a tetchy interview on the Today programme this morning. So why did the Chancellor run the risk of winding up those on the Tory backbenches? And will it do anything to scare people into backing ‘Remain’? On today’s Coffee House Shots podcast, Isabel Hardman joins Fraser Nelson and James Forsyth, who says: ‘I think the aim of this was to shift

Lloyd Evans

PMQs sketch: What a strange farewell

What a strange farewell. The slickest, sparkiest and most brutal street-fighter the Tory party has produced in a generation found himself agreeing with his worst enemies today. ‘That says something,’ shouted David Cameron (who remains prime minister for the next week or so). ‘We have huge disagreements,’ he explained. And yet despite the fault-lines his Remain campaign enjoys the support of nearly the entire opposition: the Greens, Labour, the Lib Dems, the Northern Ireland parties and Cameron’s bete noire, the SNP. ‘When we all agree,’ he finger-wagged, ‘that really says something.’ Absolutely. It says they’re all deluded. Does poor Cam know he’s finished? At times he seemed to sense it.

James Forsyth

Corbyn fails to give Cameron a helping hand at final PMQs before referendum

The last PMQS before the EU referendum will not live long in the memory, the Commons did not rise to the occasion. David Cameron was determined to try and keep his broad Remain coalition together. But Jeremy Corbyn was less than helpful to Cameron. Corbyn said that Labour would oppose any post-Brexit austerity Budget, rather undermining George Osborne and Alistair Darling’s message. Then, he said that the problems fishermen in this country are experiencing is not down to the Common Fisheries Policy but decisions taken by the Cameron government. Cameron, though, received more help from the SNP’s Angus Robertson who asked Cameron to spell out just how this austerity Budget

Tom Goodenough

Scottish Brexit poll shows big drop in support for ‘Remain’

‘Remain’ have being having a woeful time in the polls lately, with numerous surveys putting ‘Leave’ ahead. But north of the border, it’s been widely thought that it’s a different picture and that those wanting Britain to remain in the EU outnumbered those backing Brexit. A new poll out just now suggests that whilst that might still be the case, ‘Leave’ has also gained considerable ground in Scotland. The STV poll, put together by Ipsos Mori, shows that support for ‘Remain’ has been slashed by 13 per cent since April. Back then, 66 per cent of Scots surveyed backed Remain, compared to just 29 per cent who were planning on

Lord Falconer: vote remain to secure Britain’s destiny

This is the transcript of a speech delivered by Lord Falconer during the Spectator’s second Brexit debate. Full coverage of the event can be found here.  I so agree with Daniel Hannan that we are at a fork in the road. I think the public realise that as well, that the interest in the European Union referendum has been matched by the interest in the Scottish referendum. People feel that there is a really important decision to be made and it is to be made by the British people. I can only tell you why I think we should Remain. It is probably one of the most significant arguments that needs to

Daniel Hannan: Brexit will be a gentle process

This is the transcript of speech delivered by Daniel Hannan during the Spectator’s second Brexit debate. Full coverage of the event can be found here.  I heard today what must be reckoned to be the single worst argument that we’ve had from any major figure on either side of this campaign. It came from Ed Balls. What he said is, we should vote to remain in and then reform it. Why has nobody thought of that before, what a good idea! Think of the story of our involvement with the European Union these past four decades. If you have been listening for at least five minutes to politicians of any