Uk politics

The Beeb were reporting it an hour or so ago, but now it’s been confirmed: the Electoral Commission has cleared the Tories and Lord Ashcroft of any wrongdoing over £5.1 million worth of donations from his company, Bearwood Corporate Services Limited.  Sure, there are still questions surrounding this whole affair – most of them to do with the Tories’ naivety in their handling of it.  But you suspect that this announcement will draw some of the political poison out of proceedings.  Not that that will stop Harriet Harman or her colleagues in the Labour party… UPDATE: Channel 4’s Cathy Newman is reporting that David Cameron only knew about Ashcroft’s non-dom

… this September: Tony Blair’s memoirs, entititled The Journey.  Question is, what does this say about his hopes for a Labour victory?  Or will all the juicy Blarite-Brownite stuff be cut out?  Either way, the cover will be what you see on the left.

It is a calculation that should fill all of us with an immense sense of dread: there is now a 72.2 percent chance of a hung parliament. Or so says Michael Saunders, Citigroup’s chief European economist and the one man in the City everybody listens to when it comes to the interaction between parliamentary politics and the financial markets. His model, which incorporates the standard data about the Westminster first-past-the post system, and into which he has fed all of the latest polls, also suggests that there is just a 6.2 percent chance of strong Tory majority, a 19.1 percent chance of a weak one and 2.5 percent chance of

A striking passage from Peter Mandelson’s speech at Mansion House last night: “Starting in the 1980s we allowed the diversity of the British economy – or lack of it – to approach the limits of what was prudent. Sometimes there was an economic fatalism about manufacturing decline and falling British goods exports, rather than seeing them as something that policy and private enterprise should address. Our economy, and certainly our corporate tax base, became too dependent on the City. We were also carrying a huge hidden insurance liability for a sector that was taking badly understood and inadequately policed risks.” Yes, I know Mandelson takes things back to the 1980s

I wrote yesterday that Lord Ashcroft’s statement about his tax status should have drawn a “rather neat line under the issue”.  Sure, it’s hardly ideal that someone with such influence in our politics hasn’t been paying UK taxes on much of his wealth (something which could equally be said of Labour donors like Lord Paul and Lakshmi Mittal), and was keeping mysterious about it.  But at least, now, most of the uncertainty surrounding Ashcroft’s position has been removed.  And we have his indication that he will become a full UK taxpayer in due course.   But I hadn’t counted on the tenacity of Labour, who are trying to spin this

A persuasive passage (complete with a spiky, ministerial quote – highlighted) from Rachel Sylvester’s column this morning: “There is growing concern among some Shadow Cabinet ministers and strategists about the increasingly aggressive tone Mr Cameron uses against Mr Brown. It is, they believe, no coincidence that the poll gap has narrowed as the Tory leader launches a series of increasingly vitriolic personal attacks on the Prime Minister. Last week, for example, by turning the bully into the victim, Mr Cameron seems to have simply solidified support for Mr Brown. There was a similar backlash to the Conservatives’ misleading ‘death tax’ poster campaign. Although ministers admit privately that ‘even I couldn’t