George osborne

It has been a month since the UK voted to leave the European Union — but something is missing. Where is the economic collapse? What of EUpocalypse Now? Where is the Brexageddon that we were promised? To the shock of many — not least business titans who bankrolled the Remain campaign — the instant collapse doesn’t seem to be happening. The UK economy is, for now at least, taking Brexit in its stride. The oft-predicted job losses? During the three weeks from 23 June, job listings were up 150,000 compared to the same period last year according to Reed Group, a recruitment consultant. ‘That’s an 8 per cent rise,’ says

In David Cameron’s final speech as Prime Minister, he attempted to set out what he would like to be remembered for — focussing on progressive social change over the Brexit result. Tonight it was George Osborne’s turn. Speaking at the annual Margaret Thatcher lecture for the Centre for Policy Studies, Osborne found himself giving a speech he had expected to give as Chancellor of the Exchequer. Now on the backbenches — ‘more ex than chequer’ — Osborne used the address to defend his record in government and point to his efforts to build a fairer society. Despite his recent sacking from the Cabinet by Theresa May, Osborne said he had no regrets when it came to his role

As Theresa May prepares to move into No.10 today, Britain’s next Prime Minister has a united party behind her. Since Andrea Leadsom dropped out on Monday, Conservative MPs have done their best to put any differences behind them and rally behind their new leader. However with a Cabinet reshuffle looming, that could all change very quickly indeed. Given that there have been little to no leaks regarding the impending reshuffle, it’s anyone’s guess who May will pick for her front bench. Happily, the bookies are at least on hand to offer their list of politicians to watch. In a move that is likely to worry Out-ers, Paddy Power have Remain-er Philip Hammond — who

Over the course of the past weekend, Andrea Leadsom has come under fire for her comments on having children. Such media scrutiny has proved too much for Leadsom as she announced her withdrawal from the Tory leadership campaign. With this leaving Theresa May as the only candidate for Prime Minister and Conservative party leader, what will happen next? Joining Isabel Hardman for Coffee House shots today is Fraser Nelson and James Forsyth. On the podcast, James Forsyth describes how Andrea Leadsom lost her confidence in the contest: ‘Most of the people who’d voted for Michael Gove were moving over to the Theresa May camp, so she really would have been

Stephen Crabb is one of the least experienced candidates in this Tory leadership contest and that was on show during his interview on the Today programme just now. To his credit, Crabb – unlike Theresa May – has made it clear that he doesn’t want EU citizens living in the UK to be ‘negotiating chips’ in any negotiation. He also comes across as likeable in his answers about the importance of staying civilised during Brexit negotiations. But whilst it’s patently obvious that Crabb is deeply principled it’s hard not to ignore the simple fact that he sounds nervous. This is sure to stand against him when he’s pitted against some

Finally George Osborne has seen an upside to Britain voting to leave the European Union. The Chancellor used this morning to abandon another one of his own economic targets, blaming it on Brexit. He has long been warned by experts such as the Institute for Fiscal Studies that he is likely to fail to deliver a £10bn surplus on the public finances by 2020, and today he admitted as much. The Chancellor said: ‘Now, as the governor of the Bank of England said yesterday, the referendum result is as expected likely to lead to a significant negative shock for the British economy. How we respond will determine the impact on

It sounds logical that Vote Leave should now disband, since the people have obligingly voted Leave, but is it wise? Who else can try to ensure that the Leave cause is not forgotten in internal Tory struggles, or in a war between Ukip and the rest? If it is right — which I think it is — that the Leave vote is the biggest shock ever administered to the main parties and the ruling elites since the collapse of the Munich agreement, then it follows that those parties and those elites will try to reverse or at least neuter the decision. There needs to be an organised resistance to them,

This is an extract from Charles Moore’s Notes in the new issue of The Spectator, out tomorrow. George Osborne says he can stay in the government in some capacity (‘a decision for the next prime minister’). Monday’s Financial Times reported ‘Friends say a move to the Foreign Office would be the only other job that would appeal.’ No doubt they are right, but have Mr Osborne and his friends not noticed that what ‘appeals’ to him has nothing whatever to do with what the country needs? Unlike David Cameron, who said immediately and firmly that he will go, the Chancellor does not seem to understand that he has got it

George Osborne has ruled himself out of the Tory party leadership contest. The Chancellor said that whilst he accepted the outcome of the referendum, ‘I am not the person to provide the unity my party needs at this time’. Osborne went on to say that: ‘As for my ow future, I will not be a candidate in the Conservative leadership election to come’ Osborne’s decision is hardly a surprise. He had become the face of a ‘Remain’ campaign which angered many Tory MPs. In particular, his ‘punishment Brexit budget’ – which he suggested would be implemented in the event of a vote for ‘Out’ – had a large group within

George Osborne has turned his back on ‘Project Fear’ after finally breaking his Brexit silence. The aim of his speech this morning was all about reassuring the financial markets before they opened. To help him do that he reeled off a couple of sound bites about how Britain was open for business, how it ‘will not be plain sailing’ but that it was a good job we’d ‘fixed the roof’. The Chancellor also said that whilst this ‘is not the outcome I wanted or that I threw everything into campaigning for’, ‘the people have spoken’ and we must all accept that result. But what was more interesting was what wasn’t