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Isabel Hardman

Isabel Hardman

Isabel Hardman is assistant editor of The Spectator and author of Why We Get the Wrong Politicians. She also presents Radio 4’s Week in Westminster.

The day of the Lords arrives

Lords reform makes its way into the Commons today, but it’s hardly a relief for the whips that after weeks of threats from the rebel camp, the legislation is finally being debated. With tales circulating the House that there are 110 Tory MPs prepared to defy the whip on the programme motion, this could be

Isabel Hardman

Shots in the arm for the economy

There’s an interesting paper out from a number of members of the Conservative Free Enterprise Group this morning. The report, called Policy Bites: Seven Shots in the Arm of Britain, makes these seven recommendations for reforming the economy: 1. Over 65s still in work should continue to pay National Insurance contributions on their earned income

Isabel Hardman

Tucker denies Labour leant on Bank over Libor

So Labour ministers did not ‘lean on’ the Bank of England to encourage lowballing of Libor rates, according to Paul Tucker. The Deputy Governor of the Bank told the Treasury Select Committee this afternoon that he had held conversations with officials about how able Barclays was to fund its operations. This is the exchange between

Isabel Hardman

Tucker’s down on his luck

‘This doesn’t look good, Mr Tucker.’ Andrew Tyrie made this observation towards the end of his Treasury Select Committee’s evidence session with Bank of England Deputy Governor Paul Tucker. He was talking about the minutes of a meeting in 2007 which suggested Tucker was aware of the lowballing of Libor, but he might as well

Lib Dems push the boundaries

That the Liberal Democrats might try to scupper the boundary reforms if they don’t get their way on Lords reform has been the talk of the tearooms in Westminster for months. But today the threat comes to the fore as Nick Clegg’s departing head of strategy Richard Reeves warns the Independent that there will be

Isabel Hardman

‘David Cameron stands for being Prime Minister’

‘What do you think David Cameron stands for?’ a Tory MP asked me recently. Unsure of his point, I burbled something about ‘responsibility’ and couple of other random abstract nouns. The MP shook his head grimly. ‘No,’ he said. ‘I’ll tell you what David Cameron stands for.’ I leant forward, intrigued. ‘David Cameron stands for

The battle to be the party of the armed forces

Defence Secretary Philip Hammond has the unenviable task today of announcing a cull of army units as the force is cut from 102,000 to 82,000. The Army 2020 review, the launch of which was delayed beyond Armed Forces Day last weekend, also doubles the number of reservists to 30,000. This leaves it half the size

The Tory fight for Lords reform

Last night a group of Liberal Democrat and Conservative MPs met to discuss Lords reform. Public outbursts from the Conservative backbench have so far focused on opposition to the bill and the programme motion that the whips are trying to impose on the legislation, but the group of pro-reform MPs, who have informally dubbed themselves

Isabel Hardman

Bob and Bollinger banking

This is the memo from Bob Diamond, released yesterday, on which many of this afternoon’s questions at the Treasury Select Committee will hinge. It records a conversation with Bank of England Deputy Governor Paul Tucker, and is worth reproducing in full here: Further to our last call, Mr Tucker reiterated that he had received calls

Isabel Hardman

Bob’s long afternoon at the crease

This afternoon’s rather lengthy Treasury Select Committee hearing with Bob Diamond suggests that Ed Miliband might be on to something with his calls for a judge-led inquiry. We were two hours into the session when John Thurso remarked: ‘If you were an English cricketer, I suspect your name would be Geoffrey Boycott… You’ve been occupying

Cameron hints at Coalition split on EU review

Yesterday the Prime Minister made a point of showing his backbench how very willing he was to listen to their concerns about the European Union. Today, as he gave evidence to the Liaison Committee, David Cameron made a point of suggesting his Liberal Democrat coalition partners are a little less willing when it comes to

Isabel Hardman

Diamond does not last forever

Bob Diamond’s resignation with immediate effect as chief executive of Barclays gives plenty of people in Westminster the scalp they were looking for. Labour had called for Diamond to go after the Libor scandal surfaced. The Lib Dems had called for Diamond to resign, with Vince Cable threatening to use as a last resort his

Isabel Hardman

Clegg: I feel lobotomised in government

Nick Clegg gave a rather sombre speech to the CentreForum summer reception last night. Addressing the guests from a pulpit in the vaulted cloisters of Westminster Abbey, as the rain poured down outside, the Deputy Prime Minister admitted he felt ‘lobotomised’ in government. It was actually a clumsy attempt to praise the work of the Lib Dem-aligned

A fresh deal and a fresh settlement

Pressure has been building all weekend for the Prime Minister to give some form of concession to his eurosceptic backbenchers in his statement on the outcome of the Brussels summit. James blogged shortly before David Cameron stood up in the Commons that Tory MPs were being reassured that they were going to like what they

Isabel Hardman

More remorse and apology from Diamond?

It’s hard to believe that executives at Barclays had much confidence that the resignation of Marcus Agius as the bank’s chair would place a stopper on the Libor scandal. Ed Miliband drove those doubts home this morning when, appearing on Daybreak, the Labour leader reiterated calls for Bob Diamond to resign. He said: ‘I don’t

Isabel Hardman

Ministerial aides push Cameron on EU

David Cameron’s attempt to placate backbenchers clamouring for an EU referendum by writing a piece in yesterday’s Sunday Telegraph has not gone down particularly well. Backbenchers are more than mildly irked that the Prime Minister focused mainly on the problems with an in/out referendum, when the letter co-ordinated by John Baron (which you can read

Be careful what you wish for, Bercow plotters

Tory MPs are plotting to oust Speaker Bercow, the Sun on Sunday reports today. They are apparently furious that Bercow allowed Chris Bryant to brand Culture Secretary Jeremy Hunt a ‘liar’ in his party’s opposition day debate calling for a full investigation into Hunt’s conduct. The Speaker refused to censure Bryant because he argued the

Angela’s anguish on ESM vote

This all feels rather miserably familiar. Eurozone leaders come to a dawn agreement about resolving the crisis. Markets react positively. The leaders appear on podiums to congratulate one another and themselves on reaching said dawn agreement. By lunchtime, something rather awkward has happened. Angela Merkel, perhaps inspired by George Osborne, had done a U-turn in

Isabel Hardman

Italy and Spain put Merkel in the corner

It took them 13 hours, but eurozone leaders have finally agreed to use bailout funds to recapitalise banks directly. The deal, which was reached at 4am (David Cameron had gone to bed at 1am because this is a eurozone, not EU matter), involved Germany giving in to the demands of Italy and Spain. You can