Uk politics

The scandal of official reluctance to develop Britain’s shale gas potential is at last beginning to surface. It may prove to be the dress rehearsal for the ultimate drama — the inexorable collapse of our whole energy strategy. Most of us have by now heard about the US shale gas revolution. In little more than six years, shale gas has reduced America’s gas prices to a third of what they are in Europe, increased huge tax revenues, rebalanced the economy, created tens of thousands of jobs, brought industry and manufacturing back to the country’s heartlands, and given rise to a real prospect of American energy self-sufficiency by 2030. Britain may

There are two talking points in Westminster this week. One is about who is up and who is down following the local council elections. This finds the Cameroons privately pleased that the Tory party has largely kept its head despite the Ukip surge, the Labour side worried about whether they are doing well enough for mid-term and the Liberal Democrats relieved that their vote is holding up in their parliamentary seats if nowhere else. The other conversation is more profound. It is about why close to one in four of those who bothered to do their democratic duty last week voted Ukip. The rise of any new party is a

Want to know (or at least pretend you know) what the Queen was talking about when she addressed the House of Lords this morning? Here are the bills that the government will bring into Parliament over the next 12 months, and what they’ll do: National Insurance Contributions Bill – The £2,000 employment allowance for every business and charity announced in this year’s Budget. – Measures to combat tax avoidance, including an extension of the General Anti-Abuse Rule, which targets aggressive tax avoidance schemes, to National Insurance Contributions. – Further attempts to stop companies avoiding paying NICs using offshore employment payroll companies. – Measures minimising the tax advantages for limited liability

It is probably unfair to say that the Queen’s Speech will have nothing to do with the economy: we are, after all, expecting a deregulation bill among others, which the Treasury hopes will speed things up for small businesses. But if George Osborne looks a little distracted today, it’s probably because his mind is on events outside Parliament. The International Monetary Fund’s team arrives in London today for the start of a fortnight’s inspection of the UK economy. The Chancellor must feel sympathy with teachers who fear the approach of their school’s Ofsted inspection. Like teachers who suspect their Ofsted visit won’t go their way, Osborne’s allies have recently started

In its present form, the EU serves British interests very poorly. The time has come for us to finally take matters into our own hands. But I don’t agree with the idea that we should simply withdraw now. That day may come, but surely not before we have given fundamental reform our best shot.  Everything we do has to be to promote the UK’s interests, and then the referendum will finally settle the matter. Those who advocate withdrawal ignore the risk that the actual process of leaving, potentially taking years to negotiate out of the complex web of EU agreements and treaties, would have a damaging impact on our economy.