Ross Clark is a leader writer and columnist who has written for The Spectator for three decades. His books include Not Zero, The Road to Southend Pier, and Far From EUtopia: Why Europe is failing and Britain could do better
It has taken six weeks, but already the government has lost control of public finances. The decision to award train drivers a pay rise of 15 per cent spread over three years, and backdated, without any requirement to reform outdated working practices, won’t break the government’s piggy bank on its own, but is has set
Today’s labour market figures ought to bring good news: they show that growth on earnings has moderated to 5.4 per cent, the lowest level in two years. That should ease fears of inflation – it is growth in pay which has most concerned the Bank of England in recent months – and pave the way
We will find out in Rachel Reeves’ first budget on 30 October whether Labour really does intend to wage a war on wealth. It is all too easy to see the Chancellor playing to her gallery by imposing punitive taxes which are designed more to achieve social engineering than to raise revenue, and which stifle entrepreneurism
The Great Barrier Reef is, of course, dying – a victim of humans’ hubris and callousness towards the natural world. We know this because we keep being told this is the case. This week, the New York Times carried the headline: ‘Heat Raises Fears of Demise for Great Barrier Reef Within a Generation’. This story,
Riotous summers seem to occur in Britain with about the same frequency as sunny ones: roughly every decade. Sometimes it’s Afro-Caribbeans protesting (Brixton in 1981), sometimes Asians (Oldham in 2001). The white working classes rioted over the poll tax in 1990 and in Southport this year. The riot in Harehills, Leeds, last month was precipitated
Ed Miliband, along with those who support his ambition to decarbonise the electricity grid by 2030, has long had a favourite argument with which to try to put down people who say it can’t be done: why, if it is going to be so difficult to achieve, is the National Grid ESO – the company
Few will, or should, feel sympathy for Thames Water being fined 9 per cent of its annual turnover for fouling rivers through sewage discharges. Water regulator Ofwat found numerous failings with maintenance and a lack of investment, which resulted in sewage discharges becoming a routine event rather than an emergency response to heavy rainfall. The
For a while it looked as if Keir Starmer and Rachel Reeves were going to be lucky: they had walked into an economic recovery. The anaemic growth and market turmoil of the past few years – which Labour liked to blame entirely on ‘Tory chaos’ and absolutely nothing to do with the pandemic or energy
Today’s stock market plunge is interesting for two main reasons. First, for those of us who have never traded on the Japanese stock exchange, comes the revelation that the colours used to denote changes in stock prices are the inverse of those used on western markets: red means a share has gone up, green means
It goes without saying that the riots in Southport, Hartlepool and London are a mindless reaction to the killing of three girls, based on false information which, according to former MI6 chief Sir Richard Dearlove, may have been propagated from Russia in a deliberate attempt to stir up social unrest in Britain. But is Sir
As Kate Andrews argues here, the Bank of England were never going to cut interest rates during an election campaign for fear of being accused of favouring one side or the other. That ruled out a rate cut in June, while in July there was no meeting of the Monetary Policy Committee. But are those five
It will surprise no-one to learn that there is a trail of money which leads from climate protesters and their pranks in Britain back to the self-satisfied celebs of Hollywood. It will come as a greater – and possibly happier – revelation that this particular source of money appears to be drying up fast. If
Angela Rayner has announced that the government will aim to build 370,000 new homes, up from the 300,000 a year implied in the party’s manifesto. But if the deputy prime minister really thinks that all she needs to do to achieve that target is to take on Nimbys – as Rayner and chancellor Rachel Reeves
There is one over-arching question hanging over Rachel Reeves’s speech today, in which she claimed that a £21.9 billion hole has opened up in the current political spending for this financial year: why, if there is such a large ‘black hole’ in the public finances, is there suddenly money available for £9.4 billion worth of
Oh, the suspense. It seems that we will have to wait until next week to discover the details of the £20 billion ‘black hole’ which chancellor Rachel Reeves has supposedly discovered in the public finances. Don’t get too excited, though. The revelation will be no greater a surprise than the ending of James Cameron’s blockbuster film
The UK climate is getting ever more extreme. We know this because the BBC keeps telling us so, most recently in today’s reporting of the annual Met Office/Royal Meteorological Society (RMetS) State of the Climate Report for 2023. ‘Climate change is dramatically increasing the frequency of extreme high temperatures in the UK,’ writes climate editor
Three weeks into the new Labour government and it is already becoming clear where some of its weaknesses lie – none more so than Ed Miliband’s promise to decarbonise the electricity grid, save consumers money and boost the economy with many thousands of ‘well-paid green jobs’. Today the Royal Academy of Engineering weighs in with
Well, that didn’t last long. Having preached to us about fiscal responsibility and ‘securonomics’, Chancellor Rachel Reeves appears to be about to cave in at the first opportunity – by hinting that she will grant 5.5 per cent pay rises to teachers, NHS workers, and other public sector workers. At the heart of Reeves’s problem
Is the retail sector ever going to recover from Covid-19? The rest of the economy seems to be purring quite nicely at the moment, with GDP up 0.7 per cent in the first quarter (not adjusting for population growth). But the good times have yet to reach the retail sector, where sales volumes fell by
‘We cannot let the challenges of the recent past define our relationships of the future,’ declared the Prime Minister ahead of today’s meeting of the European Political Union at Blenheim Palace. The meeting, he added, ‘will fire the starting gun on this government’s new approach to Europe’. The subtext to this is: the grown-ups are back
