Fraser Nelson is a Times columnist and a former editor of The Spectator.
The politically mobile American entrepreneur is a species which has no real equivalent in British politics. We tend to separate the moneymakers from the policymakers at an early age. And that is what Steve Forbes, the publishing billionaire and former presidential candidate, thinks has gone wrong in Britain: our political class has lost its sense
This week has marked something of a watershed in the British economic debate. The story of the strike on Wednesday was not one of paralysis, but of resilience. There was an 85 per cent turnout in NHS staff; Cumbria council kept every office open as so few staff went on strike; Aussies landing at Heathrow
Today, George Osborne had a choice. Growth prospects have evaporated, and tax revenues along with it. Should he reopen the 2010 Spending Review and cut the spending totals? Or stick with those totals, and finance this with extra debt? He chose the latter. And I think, on balance, he was right to do so. Credibility
I very much doubt today’s Pre-Budget Report will be memorable; a shame, given the circumstances. The supplementary Office for Budget Responsibility document will be more interesting — and relevant to people’s lives — than the Budget itself. Sure, everyone focuses their attention on the Red Book (or Green Book, as it is for the PBR)
Not many folk are aware of it, but there is an official riots inquiry and it has delivered its interim report today. Its conclusions are pretty clichéd and not really worth studying; David Lammy’s book is infinitely more instructive and readable. But it does produce a few figures about the rioters — or, I should
I lack the discipline to choose ten favourite songs, but here are ten favourite cover versions. We know songs by their title and singer, but they are so often made by their arrangement and production. Anyone could have sung anything to Giorgio Moroder’s mould-breaking ‘I Feel Love’, but Donna Summer takes the credit. By changing
Britain’s economic debate has been reduced to WWE-style wrestling, where two figures adopt semi-comic personas and have at each other for the entertainment of the crowd — while not doing any real fighting at all. So it is with Osborne and Balls. Rhetorically, they are poles apart; one championing cuts, the other spending. But you’ll
If I’d said that an MP had accused the Church of England of being too obsessed with gay marriage and women priests — and not worried enough about how God can keep young boys out of harm’s way — you’d probably imagine that a Tory had gone nuts. But this is the David Lammy, Labour
Reading today’s newspapers, it seems that the biggest decision of Osborne’s mini-Budget has already been made. Evaporating growth means lower tax revenues, so the choice is between protecting his deficit reduction plan or keeping total spending cuts at less than 1 per cent a year. Increasing savings to, say, 1.3 per cent a year would
Someone forgot to pack his handbag. We heard yesterday that David Cameron has agreed to let Merkel pursue full fiscal union – and in return she will… drum roll please… let him repatriate parts of the Working Time Directive. There’s nothing official from Number 10, but the well-informed Ben Brogan suggests this morning that this could well
Now that Saif Gaddafi has been captured, the race will be on to interview him from a prison cell and ask what his business was with the various figures of the British establishment with whom he was so close. CoffeeHousers will remember the 2009 party at the Rothschilds’ manor in Corfu: Saif, Mandy and Nat
In this week’s Spectator we have a piece from one of our former editors, Nigel Lawson, where he confronts this idea that the West’s woes can be blamed on a new bogeyman called ‘global imbalances’. This is fast becoming the received wisdom, something that even the bankers can point to and blame. It gets everyone
Berlusconi has finally resigned – and so continues what seems to be the Arab Spring in reverse (a Gnirps Bara). In the Arab world, people rose up against undemocratic juntas and democracy ruled. In Europe, undemocratic juntas are springing up in Frankfurt opera houses and toppling democracy. All Sarkozy had to do was help the
If you thought the EU couldn’t get any less democratic, meet the Frankfurt Group The Old Opera House in Frankfurt — once Germany’s most beautiful postwar ruin and now its most stunning recreation — has become a symbol of European rebirth. And it was here, last month, that Angela Merkel and Nicolas Sarkozy met the
Every time a politician suggests a introducing a flag-waving British national day, the idea falls flat. We already have one: 11 November, Remembrance Day, where we remember our war dead and resolve to help the living. In my Daily Telegraph column today, I talk about how the government can better serve the tens of thousands
The Bond Bubble is growing even larger over Britain, pushing 10-year yields down to 2.1 per cent. The FT splashes on it this morning, and uses the “safe haven” line, which is also being advocated by the Conservatives. Understandably. If I were George Osborne, I’d spin this as a standing ovation from the markets for
The Irn Lady pulled through – and the Scottish Conservatives survived. Had Murdo Fraser won, he would have renamed the party and left David Cameron running an England-only Conservative party. Yes, I can also imagine how much that would have upset them. But the day has been saved. The kickboxing Ruth Davidson, committed to reviving
The pledge to almost double Britain’s international aid budget was made in the boom years, when the government actually had money. In the bust, there is something deeply strange — almost perverse — about borrowing money from China and giving it to India. It’s time to reassess Britain’s aid commitment, and The Spectator is having
Today, if the United Nations is to be believed, the world population will reach seven billion. Almost as many words have already been written about the perils of a booming population, about how humans are bad for the environment and how — if current trends are extrapolated — the entire Western world will end up
“The Deputy Prime Minister, Nick Clegg, will today announce proceeds from the government growth fund which will protect or safeguard 200,000 jobs.” This sentence contains everything that’s wrong about this government’s schizophrenic approach to economic recovery. Rather than cut taxes and let the economy grow, they increase tax — and then give people back a