James Forsyth

James Forsyth

James Forsyth is former political editor of The Spectator.

James Forsyth

Politics: Miliband pitches his tent with the protestors  

During the Depression, tent cities sprung up across America. Today, in the second great contraction, they are appearing in the financial centres of the western world. But there is a crucial difference: the contemporary campers are there out of choice not necessity. Pitching your tent has become the fashionable form of protest. It is easy

How European sovereign debt became the new sub-prime

The New York Times has a great piece today on how banks became so exposed to the sovereign debt of European countries with a history of defaulting. Here’s the nub of the argument: “How European sovereign debt became the new subprime is a story with many culprits, including governments that borrowed beyond their means, regulators

Murdoch denies all knowledge

https://www.youtube.com/watch?v=G0T0OVKIYog James Murdoch’s great advantage today was that he didn’t mind if people came away thinking he was a bit of an idiot. As various members of the Culture, Media and Sport select committee attempted to goad him into saying that he knew about this or that, Murdoch simply pleaded ignorance. Why was Murdoch ignorant

James Forsyth

The Italian domino effect

For all the debate about Theresa May and border security, the big news has not been at Westminster today. Instead, people have been watching what is happening in Italy. For it is far from certain that Europe, or the Western world for that matter, has a bucket bigger enough to bail out a country that

Miliband’s immigration attack no threat to Cameron

Ed Miliband broke with his post-conference policy of always asking about the economy at PMQs to devote all six questions to the whole Brodie Clark/Theresa May border dispute. Miliband, though, had no new killer fact or question. Instead, he stuck to general criticisms of the government’s approach. This gave Cameron an easy ride. He simpy

James Forsyth

Why is Huhne still shunning shale?

Chris Huhne’s article in the Telegraph this morning attacking those who think that shale gas can solve Britain’s energy needs is built around a straw man of an argument. Huhne claims that, ‘Some therefore argue that we should abandon everything else and devote ourselves wholly to shale.’ This is, to put it mildly, a dubious

Osborne gets frank with Europe

George Osborne’s attack on the European Commission and his fellow finance ministers, for wasting time talking about a financial transactions tax when it is not going to happen, is quite a significant moment. It marks an attempt by Britain to knock this idea, which would hit this country far harder than anywhere else in Europe,

May takes some hits, but looks safe for now

David Cameron provided a reassuring presence for the Home Secretary today, sitting supportively next to her throughout her statement and Yvette Cooper’s response. May, who didn’t sound or look like someone who thinks their career is in danger, stressed that she “did not give my consent or authorisation to any of these actions”. But she

James Forsyth

Cameron defends the IMF

David Cameron’s statement to the House of Commons on the Cannes summit was dominated by the question of increasing Britain’s dues to the IMF. Cameron stressed that his message to the Eurozone countries was “sort yourselves out and then we will help”. He also tried to offer reassurance that the IMF would not contribute to

James Forsyth

May caught in immigration row

Theresa May has up to now proved remarkably adept at avoiding the political bear-traps that have ensnared so many Home Secretaries in recent years. But she now finds herself caught in a classic Home Office row over who allowed the UK Border Agency to ease passport checks to cut queues during the summer months. James

The Union needs a champion

The First Minister of Scotland v the Secretary of State for Scotland on the Politics Show today was a non-contest. Michael Moore was hesitant and failed to fill the screen. Alex Salmond was crisp and confident. This disparity between Salmond and his opponents is one of the biggest problems for the Unionist cause. Polls consistently

Cameron’s attempt to re-moralise the economy

One of the great challenges facing Britain is how to re-moralise society. A country where individuals, or businesses, can’t tell the difference between right and wrong has fundamental problems. The Times reports today that David Cameron is planning to start talking about the need for “moral markets”. There’ll be those on the right who don’t

James Forsyth

Papandreou wins no confidence vote, but appears set to stand down

The political situation in Greece remains unclear this morning. George Papandreou’s government survived last night’s confidence vote. But the main opposition party has rejected the idea of a national government and Papandreou’s finance minister appears to be maneuvering to replace him. Papandreou’s victory in the no confidence vote means that there probably won’t be elections

Cameron leaves Cannes with an IMF headache

The Cannes summit leaves the world no further forward on its quest for some kind of solution to the Eurozone crisis. Strikingly, the Germans still won’t agree — despite huge diplomatic pressure — to the ECB fulfilling the traditional emergency function of a central bank and acting as lender of last resort. This is a

James Forsyth

Reuters: Papandreou to resign on Friday

Reuters is reporting tonight that the Greek Prime Minister has agreed to resign on Friday. The news agency says that at a meeting Cabinet colleagues told George Papandreou that he had to resign for the good of the Socialist party and he agreed. It quotes one source saying, “He agreed to step down. It was

The euro sparks a Cabinet row

Word reaches me of a vigorous exchange of views in Cabinet this week between Chris Huhne and Michael Gove over the European question. Huhne, who has form when it comes to Cabinet scraps, launched into a polemic against Tory Eurosceptics and insisted that the coalition not be “wagged by the Eurospecptic tail”. It has, obviously,

James Forsyth

The euro is destroying Europe

This week’s issue of The Spectator hits the newsstands today. Here, for CoffeeHousers, is James Forsyth’s Politics column from it: Last week’s rebellion by David Cameron’s backbenchers in support of an EU referendum ended eight years of peace in the Tory party on the European question. Now, the offer by the Greek Prime Minister of

Merkel and Sarkozy try to hold the euro together

Right about now, Nicolas Sarkozy and Angela Merkel are having George Papandreou for dinner. There have been all sorts of rumours today about what Sarkozy and Merkel will demand from him. Thankfully, they seem to have abandoned plans to tell him to cancel the referendum. But they still seem keen to dictate the question and