Eu

May’s Brexit offering

Theresa May’s biggest conference dilemma was what to say about Brexit. She doesn’t want to trigger Article 50 yet, or even say when she will do so. Why, because the government hopes that the longer it waits, the more the rest of the EU will be inclined to have preliminary discussions before the actual negotiations start. But May had to have something to say to conference on Brexit. So, May’s team have come up with an announcement that doesn’t involve Article 50 but does enable her to show ‘momentum’, and to claim she is getting on with things. It is a ‘Great Repeal Bill’ which will repeal the 1972 European

Charles Moore

Meet the German business giant who is excited about Brexit

Mathias Döpfner, the extremely tall, extremely intelligent head of Axel Springer, is unusual in the generally conformist German business elite because he is not an unqualified believer in the German economic model. I have known him slightly for about 20 years and have always been interested by his questing, speculative mind. We have had conversations about the freer, Anglosphere model of economic life which he admires. Although he is not anti-EU — that is still almost against the law in Germany — he is sceptical of its direction. Now he has blasphemed in the EU’s main church in Britain — the Financial Times — by telling the paper that within

The Spectator’s Notes | 29 September 2016

Mathias Döpfner, the extremely tall, extremely intelligent head of Axel Springer, is unusual in the generally conformist German business elite because he is not an unqualified believer in the German economic model. I have known him slightly for about 20 years and have always been interested by his questing, speculative mind. We have had conversations about the freer, Anglosphere model of economic life which he admires. Although he is not anti-EU — that is still almost against the law in Germany — he is sceptical of its direction. Now he has blasphemed in the EU’s main church in Britain — the Financial Times — by telling the paper that within

Fraser Nelson

Doctor’s orders

Second acts in British politics are vanishingly rare these days and Liam Fox, restored to the cabinet by Theresa May, is determined to make the most of his. We meet at his central London flat at half-past four on Sunday afternoon and even then the International Trade Secretary is beavering away: preparing for his meetings at the World Trade Organisation in Geneva the following day and finishing off his conference speech. He offers us a drink — red wine? pink champagne? — but pours a cup of tea for himself. Fox, as ever, is full of fizz. He clearly loves being back at the centre of things, and immediately starts

Martin Vander Weyer

If Deutsche Bank goes down without a bailout, I really will eat my hat

‘Can anyone seriously imagine the German state and corporate establishment allowing the bank that bears their country’s name to go down?’ I asked in February, adding rather bravely, ‘Of course they won’t.’ And that, I fear, makes my next question, ‘Am I about to eat my hat?’ Shares in Deutsche Bank have plunged to their lowest level since 1992 as the US Department of Justice seeks to impose a $14 billion fine relating to Deutsche’s issuance of mortgage-backed securities before the 2008 crisis, and rumours say Chancellor Angela Merkel has ruled out a state bailout. Deutsche boss John Cryan says the bank hasn’t asked for her help to fight its

This Labour leadership contest has represented an intellectual surrender to Corbynism

The Labour leadership result isn’t announced until 11.45am today. But whatever the result—and no one seems in much doubt what it will be, this contest has represented an intellectual surrender to Jeremy Corbyn and the ideology he represents. Isabel Hardman and Marcus Roberts discuss Corbyn’s victory on Coffee House shots I argue in The Sun this morning, that his opponents surrendered right at the start of the contest. Owen Smith was offered up as a more competent and media savvy leader rather than as the antidote to Corbynism. Smith himself emphasised that the party owed Corbyn ‘a debt of gratitude for helping Labour rediscover its radical roots’. He stressed, ‘I am

James Delingpole

Hong Kong offers an exciting vision of a post-Brexit future

Since he moved to Hong Kong three years ago, the Rat’s Cantonese has been coming on apace. This has rather less to do with his language skills — never that much in evidence on his school reports — than it does with the fact that my stepson works in what is still, despite the mainland Chinese’s best efforts, one of the most aggressively free-market cultures in the world. ‘It’s like this,’ Rat explained, when the Fawn and I visited earlier this year. ‘If you want to get a cab somewhere urgent in the morning and you can’t speak good enough Cantonese then basically you’re stuffed. The drivers just swear at

Is Boris worrying that Brexit will never happen?

Theresa May has made one thing clear: Brexit mean Brexit. But when will the Prime Minister actually pull the trigger and invoke Article 50? Boris Johnson gave his take last night: ‘The Government is working towards an Article 50 letter which as you know will be produced, probably, in the early part of next year. That’s still subject for discussion but what is clear I think to our friends and partners in the EU is two broad principles: we are not leaving Europe; Although we are leaving the EU treaties, we do want to have the closest possible trading relationship and it’s very much in their interests to achieve that…

Borderline sanity

Only now does Angela Merkel concede that her admitting a million refugees last year was a mistake. It was obvious to most people in Europe at the time that her warm-hearted gesture would lead to catastrophic results. In declaring that all Syrian refugees would be welcome if they made it to Germany, she doubled the fortunes of the human trafficking industry. The asylum seekers came from Syria and North Africa through Austria and Hungary, having landed on the shores of Italy and Greece. Thousands died on the way. When Theresa May addressed the United Nations this week in New York, she was able to point to a British way of

Pericles vs Juncker

The hopelessness of the EU is well demonstrated by the current rhetoric issuing from its inner chambers: that Britain must be punished for the ‘crime’ of leaving it. What sort of message does that send out to the world, let alone other EU members, about the value that the EU places on liberality and freedom? In his funeral speech in 430 BC over those killed in the war against Sparta, Pericles hymned not so much the dead as the city of Athens itself, describing ‘the way of life that enables us to pursue our objectives, and the political institutions and national character that made our great achievements possible’. One of the central themes

Victory of the swashbucklers

On 14 June, a short email popped up in the inboxes of all Financial Times editorial staff. It came from the paper’s style guru and announced tersely: ‘The out campaigners should be Brexiters, not Brexiteers.’ As usual for the FT’s style pronouncements, the memo did not lay out the reasoning behind the decision, but it followed a discussion among editors over whether the word ‘Brexiteer’ had connotations of swashbuckling adventure. Much has been said and written about the power of the Leave campaign’s simple and disciplined messaging. Both sides agree that the Remain camp never found a slogan with the clarity and muscular appeal of ‘Take Back Control’ — a

Martin Vander Weyer

A free vote on the Heathrow runway? Don’t be so wet, Prime Minister

Hinkley Point — for all its flaws and the whiffs of suspicion around its Chinese investors — has finally received Downing Street’s blessing. Meanwhile, ministers hold the party line that High Speed 2 will go ahead according to plan, backed by news that the project has already bought £2 billion worth of land; and investors hunt for shares in the construction sector that might benefit from the multi-billion-pound infrastructure spree widely expected in Chancellor Philip Hammond’s autumn statement. But still no decision on a new airport runway for London — the one piece of digger work, short of tunnelling under the Atlantic, that would signal Britain’s raging post-Brexit appetite for

The Brexit bounce continues – ten forecasters up their predictions for 2016 growth

The Brexit bounce continues. HM Treasury has today released forecasts of the economists it follows, as it does every month. Last time, there was a flurry of downgrades and forecasts of an immediate recession. Now, these forecasts are being torn up by everyone, including by the FT (although you can bet the FT won’t report on the upgrades as eagerly as it did the downgrades). The average new forecast suggests GDP will grow by 1.8 per cent this year, far better than the 1.5 per cent forecast last month. This back to where the consensus was before the Brexit vote. The OECD, which had previously predicted “immediate” uncertainty after a

Tom Goodenough

Brexit U-turns: who is rowing back on their Project Fear warnings?

In the run-up to the referendum, we were warned Brexit would unleash misery. George Osborne suggested a vote for Brexit would lead to a DIY recession. And numerous business bosses and the great and the good piled in to add their warnings to the doom-mongering. Yet in the weeks since the referendum, their predictions of chaos have not come true. What’s more, many of those shouting the loudest about the consequence of Brexit are now furiously rowing back on their warnings. Here, The Spectator compiles the Brexit u-turns and referendum backtracking: In the aftermath of the vote, many major banks and financial institutions continued to warn that Brexit spelt bad news for the

Will Donald Trump have the last laugh?

‘I am getting nervous. But it’s not because Trump is good. It’s because people are stupid’. So said the (usually) very funny US comedian Bill Maher on TV recently. When I heard him say it, my first thought was: Trump’s going to win. Not because Maher is right, but because I recognised something from the EU referendum campaign, when the great and the good – from metropolitan comedians to overpaid columnists — piled in to suggest that Brexit backers were all dimwitted lemmings, marching zombie-like off a cliff. Pro-EU devotees, some from positions of astonishing privilege, were punching down. It wasn’t a good look, and it harmed their cause. The

Sarkozy is sceptical about climate change? String him up

Prepare the stake, stoke the fire: someone has blasphemed against climate-change orthodoxy. The speech criminal in question is Nicolas Sarkozy. Yes, the former president of France, a man who really ought to know better, has wondered out loud if mankind is solely responsible for climate change. Cue media fury. Cue eco-outrage. Cue accusations that Sarkozy has gone ‘beyond the limits of decency’. Cue an atmosphere that’s almost medieval, which basically tells Sarkozy, and by extension everyone, that you cannot say things like that. You probably shouldn’t even think them. The swiftness and ugliness of the response to Sarkozy’s comments confirm that questioning climate change is to the 21st century what

Letters | 15 September 2016

What immigration debate? Sir: Henrik Jonsson says (Letters, 10 September) that Swedes ought to learn from the Brits how to maintain a broad and dynamic public debate. I can’t say I witnessed anything approximating public debate on the topic of immigration during the referendum, when the debate was carried out through the ballot box, not in reasonable parliamentary discussion. What we need is for more senior politicians to be willing to engage in public discourse and take a non-careerist approach. Too many leaders have thought it best to avoid this toxic issue rather than risk their positions. As Enoch Powell once described the typical politicians’ view on immigration, ‘It’s better for

Barometer | 15 September 2016

French intelligence Some interesting facts about the French foreign minister, Jean-Marc Ayrault, for the benefit of shadow foreign secretary Emily Thornberry. Ayrault was elected mayor of Saint-Herblain, a suburb of Nantes, in 1977 aged just 27. He went on to become mayor of the entire city. In 2012 he was appointed prime minister by incoming president François Hollande. His appointment caused a crisis in Arabic newsrooms because when pronounced properly his name sounds like Lebanese slang for penis. Ayrault resigned as prime minister in 2014 after disappointing local election results for the Socialists, but made a comeback as foreign minister in February. No visa necessary The EU threatened to force British travellers to

Liam Fox confirms that Britain now has a nationalist government

Unlike the boss, I thought Liam Fox’s comments on fat and lazy British businesses that could be exporting more but aren’t because, well, an afternoon on the golf course is more comfortable than striving for Britain were deplorable. But they were also telling. Because they were a further confirmation that the United Kingdom now has a nationalist government. The liberal Toryism of the Cameron era is gone, sunk with a whimper in record time. In its place is a Conservative nationalism that envisages SS Britannia buccaneering its way across the world’s oceans. This, after all, was the animating spirit of what we might call the Brexit campaign’s more cheerful wing. Well, it’s a nice

Imagine there’s no countries… and therefore no museums

I’m not a great optimist about the whole Brexit thing, although my colleagues would mostly disagree. It’s as if we were expecting a storm and we’re now cheering because it’s gone quiet. Strangely, eerily quiet. Anyway, like with climate change, I hope I’m wrong, and whenever I have my doubts about the whole thing, I think about the ‘Remain’ protests led by Eddie Izzard. Let’s hope these obviously counter-productive demonstrations continue for the next five years. However, one disaster that doesn’t seem to have materialised yet is the warning that Brexit would lead to a brain drain. One guy in the Guardian, called Mr Imhof, says he’s going, which is a shame, as