London

If anyone had any doubts about just how personal the 2012 London mayoral campaign is going to be, they should have been dispelled by Ken Livingstone’s speech to Labour conference today. Ken claimed that the Mayor had ‘got what he wished for’ in above average unemployment and accused him of standing for a ‘privileged minority’. He then went on to draw an equivalence between Boris’s student antics and those of the rioters: “What is the difference between the rioters, and a gang of over-privileged arrogant students vandalising restaurants and throwing chairs through windows in Oxford? Come on Boris – what’s the moral difference between your Bullingdon vandalism as a student

There is a strange pre-Lehman feeling in the air right now: the idea that something awful is going to happen, but no one knows what or when. This is laden with political ramifications. The problem for the Tories last time was not that George Osborne had been caught aboard HMS Deripaska. The greater problem was that a crash had arrived and the Shadow Chancellor had nothing to say. Brown, at least, seemed to have an agenda, and the Tory poll lead was reduced to one vulnerable point. I admire Osborne, but he can do far better in making the case for the government’s economic strategy. If there is a second

Vince Cable will address the Liberal Democrat conference later on today. Tim Farron’s indulgent speech yesterday is a tough act to follow, but Cable has chosen a subject to titillate delegates: curbing high executive pay, bolstered by the popular mantra of no more reward for failure. He signalled his intention yesterday in an interview with the Sunday Times, with further details in the Guardian. The Business Secretary will try to ensure that workers and shareholders are represented at directorial level. He will also strive to diversify the membership of remuneration committees to include union reps and low grade employees. Finally, he will push for greater pay transparency in top companies,

Back in 2008, one Mayoral candidate explained that it would require imagination to solve London’s housing problems. The candidate developed a manifesto that suggested a new form of “democratic” home ownership, which which would “help build stronger communities”, and which would allow houses to “remain affordable for future generations”. He said he would “create a network of Community Land Trusts, managed by cooperatives to give homes to people who are indispensable to this city.” His name was Boris Johnson and since he was elected not a single Community Land Trust has materialised in the capital. This is a quiet tragedy. Just like Ken Livingstone, Boris has spent huge amounts of

As David noted earlier, the big headline in Nick Clegg’s speech this morning is that the government will hold some kind of inquiry into the riots after all. This climb down in the face of demands from Ed Miliband makes it all the more baffling that Cameron didn’t announce his own inquiry earlier. If he had taken the initiative, he could have determined both its terms of reference and membership which would have ensured that it came up with the right answers. But, in policy terms, I suspect the more important announcement is that prisoners leaving jail will now be placed straight into the work programme. The work programme, masterminded