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
Is there anything that might cause the much-predicted crash in UK house prices? Not – evidently – a pandemic (which perversely caused prices to surge). A sharp, upwards jerk in the Bank of England’s base rate to 4.5 per cent didn’t do it either. The latest edition of the Office for National Statistics’s UK House Price
Last week it was President Macron who was rowing back on green measures. In a speech he asserted that Europe has, for now, gone far enough – if it introduces any more regulations without the rest of the world following suit then it will put investment at risk and harm the economy. This week, the
The name Chris Whitty will forever be associated in people’s minds with Covid-19. But in a recent cri de coeur he reminded us not only that he continues to exist following the end of his daily appearances on our TV screens, but that there are many other ways in which pathogens are out to get
BT has announced that it will cut up to 55,000 jobs by the end of the decade. The company currently employs 130,000 staff, and it could cut up to 42 per cent of its workforce. BT has struggled in recent years as the one-time nationalised giant has had to keep up with a rapidly-evolving communications
Keir Starmer has made the anodyne demand that Britain seek a ‘closer trading agreement’ with the EU. But why doesn’t he go the whole hog and make it Labour policy to rejoin the single market? The Labour leader could hardly be accused of seeking to reverse Brexit. Some Leavers, prior to the 2016 referendum, wanted Britain
The contrast couldn’t be greater. In Britain a wealthy cabinet minister goes on television to boast of how he is installing a heat pump in his home – something his government is proposing to force on millions of British homeowners over the next few years in spite of them costing many thousands of pounds more
Whatever happened to Singapore on Thames? Weren’t we, after leaving the EU, supposed to be forging a future as a deregulated, low-tax, business-friendly enclave situated 20 miles off Calais? It isn’t quite looking that way at the moment. We are reinventing ourselves as Brussels on Thames – only more so. Do our bureaucrats really need
As they call yet more strikes today and tomorrow, rail unions are the leading candidates for the most miserable and destructive institutions in contemporary Britain. Train operating companies, though, are not far behind. Having ripped us off for years by ruthlessly exploiting the local monopolies gifted to them through the franchise system they can’t even run
If there ever were a couple of policies the government desperately needs to give it a chance of being re-elected next year it is rental reform and leasehold. Both in their own way would make life a good deal less miserable for the younger voters who have drifted away from the party in recent years.
It is widely expected that Justin Welby, having now screwed the crown on Charles III’s head, will shortly retire as Archbishop of Canterbury and put himself out to grass. If so, he is not going quietly. This afternoon, in the House of Lords, he launched a wholesale attack on the government’s Illegal Migration Bill, which
Is there a greater weapon of financial mass destruction than the 100 per cent mortgage? Take out a loan equivalent to the full value of your home and it only takes one bad month for the Halifax house price index to land you in negative equity. If you have bought a new home, you will almost
You might have thought that a heavy defeat for the Conservatives in the local elections would silence those claiming that the government was out to disenfranchise left-wing voters by introducing compulsory photo ID for voters at polling stations. But not a bit of it. Paul Mason was up bright and early bleating about ‘serious vote
The decline of the UK stock market has finally reached the Financial Conduct Authority (FCA). It has proposed to deregulate it in order to attract more companies to list in London rather than do as, for example, UK-based chip-maker ARM is doing and choosing to list in New York (it was once a UK-listed company
Are BP’s profits of $5 billion in the first quarter of this year really the ‘unearned, unexpected windfalls of war’, as Ed Miliband asserted this morning? The idea that any oil company’s profits are unearned must come as news to the geologists and engineers who are employed in the tricky business of exploring and drilling for oil.
Can a banking crisis really be going this well? After a week of panic withdrawals and a crashing share price, the First Republic Bank in the US will be taken over nearly in its entirety by J P Morgan Chase, in a shotgun marriage facilitated by the Federal Deposit Insurance Corporation (FDIC). No depositors will
Boris Johnson wanted to make Britain ‘the Saudi Arabia of wind’. But Grant Shapps is keen to send Britain’s green agenda in a new direction. Speaking at The Spectator’s Energy Summit on 26 April, the Secretary of State for Energy Security and Net-Zero announced the government’s ambitions for Carbon Capture, Utilisation and Storage – CCUS – where
The UK car industry is, of course, doomed. First we lost our native manufacturers and then, post Brexit, overseas manufacturers like Honda started to close down their UK factories, too. Finally came the farce of BritishVolt: the Tyneside factory which was going to transform the UK car industry by pumping out batteries, but collapsed before
There is nothing more boring than potholes. I remember that from my own days as a parish councillor. It saps the spirit every time the subject comes up, makes you wish you could be anywhere other than this damned meeting. How much more exciting it must have felt to have been the councillors in Cambridge
Bank of England chief economist Huw Pill isn’t going to win a popularity contest. Speaking on a podcast for Columbia Law School – a medium in which he perhaps felt a little less exposed than had he said it on a British TV programme – he said: ‘Somehow in the UK, someone needs to accept
Lockdown ended, the economy reopened – and public sector borrowing went up. Provisional figures for 2022/23 released by the Office for National Statistics (ONS) this morning show that the government borrowed £139.2 billion. This is an increase of £18.1 billion on the previous year, when the economy was still being disrupted by Covid. The figure
