Uk politics

A feast of Quantitative Easing

Fire up the printing presses, once again. The Bank of England has just announced another £50 billion of Quantitative Easing, bringing the total monetary expansion up to £325 billion. And it probably won’t end there: Citi, among other analysts, forecast that it could go as high as £600 billion next year.  So what are we getting for all this free money? The Bank would tell you that its supporting the economy: keeping interest rates down and encouraging investors to flush money into growth-inducing schemes and mechanisms. And there’s obviously truth in that. But we, and the suits of Threadneedle St, shouldn’t pretend that QE doesn’t create victims too — and

The BIS select committee makes its presence felt

We will soon find out whether the coalition meant what it said about empowering parliament. The BIS select committee has rejected the government’s preferred candidate for the post of the head of the Office of Fair Access. The committee concluded that it was ‘unable to endorse the appointment of Professor Ebdon as the Director of OFFA and we recommend that the Department conduct a new recruitment exercise.’ But Vince Cable, the business secretary, is said to be keen to override the committee’s verdict. Number 10, which has never been keen on Ebdon, is opposed. As I said on Sunday, the circumstances behind Ebdon’s name going forward are straight from The

James Forsyth

Passed over

The thirty ministers of state in this coalition could be forgiven for feeling a bit unloved. They are notionally the most senior members of the government after the Cabinet. But every time there has been a Cabinet vacancy, they have been passed over. The three Cabinet positions that have become available have gone to a backbencher and two parliamentary under secretaries respectively. Judging from the talk around Westminster, Cameron and Clegg’s respective decisions to bypass the ministers of state has left them feeling a bit sore and rather nervous about the reshuffle, currently expected post-Olympics. Many ministers of state regard this reshuffle as their last chance to make Cabinet. One

Brits sceptical of Syria intervention

Britain’s response to Syria so far has been uncertain and cautious. A YouGov poll today suggests that the public is keen for this hands-off approach to continue. When presented several possible offences, the public responds with almost universal disapproval. A measly 9 per cent would support sending in British and allied troops to overthrow President al-Assad. Only 16 per cent would support providing arms to the rebels and 18 per cent support sending in troops to protect civilians. The only modicum of support is for the proposed no-fly zone. But, although a majority would agree with the zone, less than half believe it is necessary right now, with 26 per cent

Lloyd Evans

In PMQs, Cameron plays for a draw on the NHS

How much does it cost to change a light bulb? Three hundred quid, said David Cameron at PMQs today. Ed Miliband came to the House eager to pile more pressure on the PM and his unloved NHS restructuring plan. Cameron fought back by citing the health bungles Labour presided over while in office. Billions wasted on kaput computers. Hundreds of millions blown on phantom operations. And dead light bulbs that cost more to replace than a week’s holiday in Spain. Cameron’s tactics were better than in previous weeks. Rather than citing some lone wolf medic who supports his reforms he gave us a surprise announcement, albeit unsourced. ‘Ninety-five per cent

James Forsyth

Miliband to keep pressing on with his NHS attacks

The last PMQs before recess gives Ed Miliband a chance to have another go at the coalition’s NHS reforms. I suspect that the ‘Andrew Lansley should be taken out and shot’ quote that appeared in Rachel Sylvester’s column (£) will make an appearance at some point.   Miliband will keep going on the NHS because he knows it is one of the Tories’ biggest vulnerabilities and one of the few subjects on which Cameron isn’t confident attacking. Based on past performance, any PMQs where the focus is on NHS reform will produce at least a score draw for the Labour leader.   But I still don’t expect Cameron to move

Fraser Nelson

Lawson: Abolish DECC

Did we need to replace Chris Huhne at all? Nigel Lawson, a former editor of The Spectator (amongst other things), has an intriguing idea in a letter to today’s FT: just break up the Department for Energy and Climate Change. It has done nothing to encourage the development of shale gas, which — as we argue in a leader in tomorrow’s Spectator — could keep Britain in energy for the next 100 years without the need to build another windmill. Lord Lawson, a former energy secretary, says that Ed Davey: ‘…has the opportunity to enter the history books as the only minister to use his position to abolish it for

Cameron is right to focus on quality apprenticeships

If there are ‘no votes in skills’, as the old dictum goes, there seem to be some in apprenticeships. Hence David Cameron’s call this morning for apprenticeships to become a ‘gold standard’ qualification ranking alongside degrees from the best universities. His goal is to rectify Britain’s shockingly poor performance on mid-level skills compared to world leaders such as Germany. So how hard would it be for us to catch the Germans? The numbers speak for themselves. Of every 1,000 employed people in England 11 are apprentices; compared to 40 in Germany. Here, fewer than one in ten employers are training an apprentice; in Germany it’s roughly a third. Although the

No-one emerges from the health reform smash-up with any credit

Andrew Lansley should be grateful for small mercies. Rachel Sylvester’s column (£) today may quote a Downing Street source to the effect that ‘Lansley should be taken out and shot’, but there is yet no sign that a hundred Conservative MPs will write to the Prime Minister to say that the Health Secretary’s reforms have to stop. We’ve had such a letter for wind farms and for Europe, but on the NHS it’s not very likely. Most Tory MPs find the NHS a difficult rallying point at the best of times. And these are the worst: they are acutely embarrassed by the car-crash that has been the Health and Social

Where has the pro-EU camp gone?

Did you see that amazing article by a group of pro-EU businesspeople? What about that clever ad paid for by ‘Better To Be In’, the new pro-EU lobby group? Nope, me neither. The reason we haven’t seen anything like that is because the pro-European camp in Britain is in total disarray. Like a beaten army, it is withdrawing in a state of confusion, while some diehards stage energetic but un-strategic counterattacks against the advancing Eurosceptic forces. A letter from pro-EU businessmen was, frankly, unimpressive: the signatories were hardly a who’s who of Britain’s business community, and even included some former officials. Hardly a show of strength. But yesterday’s letter from

Cameron’s coming battle over the ECHR

The coming release of Abu Qatada on bail is going to put bellows under the whole debate about the European Court of Human Rights. In his recent speech to the Council of Europe, David Cameron rightly protested about a situation with terror suspects in which ‘you cannot try them, you cannot detain them and you cannot deport them.’ We will now find out how quickly Cameron is prepared to act on this issue. If Cameron wants to makes changes to the Courts and the Convention, then he is going to have to get agreement from every member of the Council of Europe. There’s no guarantee that he’ll be able to

Don’t let’s be beastly to the bankers

The Twitter hashtag #BankerOutrage was launched by Radio Four yesterday summing up a very popular mood. It’s not unusual for bankers to be hated after crashes. After the South Sea Bubble burst in 1721, there were calls in the Lords for the bankers involved to be dumped in sacks filled with serpents and dropped in the Thames. But that was the immediate aftermath: what’s odd now is the timing. As we say in the leading article of this week’s Spectator, Hester had a bonus twice the size last year — and no one seemed to care. Now, it’s suddenly a crisis and Fred the Shred’s knighthood is a matter of

James Forsyth

The government will have to fight for Lords reform

House of Lords reform is one of those subjects that make most people’s eyes glaze over. But it is going to dominate the next parliamentary session. The Queen’s Speech will include a bill for elections in 2015 for 20 per cent of the seats in the Lords using a ‘Proportional Representation’ voting system. This bill will take an age to get through the Commons, where it has to start if the coalition is to use the Parliament Act to push it through, let alone the Lords. One of the things that’ll be fascinating to watch is how large a Conservative rebellion there is on the issue. There are already Tory

Storm in an Indian teacup

So, does India want the UK’s aid or not? If you believe the Indian finance minister, Pranab Mukherjee, the funds are unnecessary, ‘peanuts’ even. The Daily Telegraph reports that British ministers ‘begged’ the Indian government to take the money. The story is likely to garner attention, especially as aid to a growing power like India is a contentious proposition. But before taking the Indian Finance Minister’s word — and the Telegraph’s reporting — as truth, it is worth looking at a few facts. First, Mukherjee made the statement in 2010, as reported in the Financial Times at the time. Since then the Finance Minister has publicly described himself ‘very pleased’

Public opinion is split on Gove’s reforms

It seems most of the public agrees with the need to improve our schools. A YouGov poll out this morning shows that 53 per cent think education standards have deteriorated over the past 10 years, while only 12 per cent think they’ve got better. 48 per cent think exams are too easy; just 28 per cent say they’re ‘about right’ and a mere 3 per cent think they’re too hard. And when it comes to discipline, the consensus of inadequacy is especially strong: 83 per cent say schools are ‘not strict enough’, while 0 per cent say they’re ‘too strict’. You don’t see 0 per cent in response to questions

The danger for the Lib Dems

Today’s papers make clear just how damaging the next phase of this whole Chris Huhne business could be to the Liberal Democrats. The danger is that because this story is a very human drama it cuts through to the public in the way that some minor dispute over policy would not. The Mail, for instance, reveals that Nick Clegg’s wife Miriam called Vicky Pryce as soon as the news broke about the charges saying ‘If you need somewhere to stay, if the kids need support, we’re here’. Patrick Wintour is surely right when he writes that the concern for the Liberal Democrats ‘must be the consequences of a drawn-out court