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
After a faltering start in its programme of rate rises, the Bank of England is catching up. Today’s half-point rise in its base rate to 3.5 per cent may be relatively modest compared with last month’s 0.75 per cent rise, but it is still twice as high as any rise the Monetary Policy Committee (MPC)
Has inflation peaked? The Consumer Prices Index fell to 10.7 per cent last month, down from 11.1 per cent in October. This follows predictions that October would be the month in which inflation peaked – so this morning’s figures from the Office for National Statistics will raise hopes that the worst may be behind us. This
It will come as no comfort to those who have already lost fortunes, but it is remarkable how resilient the crypto currency market has been this year, especially following the collapse of the FTX exchange in November. But if the arrest of FTX founder Sam Bankman-Fried in the Bahamas and the request by US authorities for
Oxford councillors are feeling rattled by opposition to their proposal to divide the city into six districts and to limit the passage of road traffic between them. The city and county councils put out a press release last week accusing residents of spreading ‘misinformation’ about the scheme. It complained of abuse received from members of
For climate campaigners, Donald Trump was the anti-Christ, pooh-poohing climate change and withdrawing the US from the Paris climate agreement. But what of the Biden administration – is it really going to make the climate lobby any happier? Things may be a little clearer following the visit to Britain of John Kerry, Biden’s climate envoy,
We are still a long way from the Winter of Discontent, when 29.5 million worker-days were lost to strikes. Nevertheless, with today’s strike of 115,000 postal workers the number is creeping inexorably upwards. This one-day strike alone will cost 40 per cent of the 273,000 lost working days recorded across all industries over the whole
For those of us who remember the miners’ strike in the 1980s it takes some getting used to the journey made by coal miners over the past 40 years: from working class heroes to climate ‘criminals’. To hear today’s reaction to the news that Michael Gove has granted permission to build Britain’s first deep coal
Rail strikes on a couple of days when no trains would be running anyway might not seem the biggest inconvenience facing the British public at the moment, yet the announcement of yet another walkout from the evening of 24 December to the morning of 27 December will have implications for many services: this is the
I hate to pour cold water on the Prince of Wales’ big night out in Boston on Friday, where he hosted the Earthshot Prize for climate change solutions. William needs all the help he can get to distract attention from his brother and sister-in-law as they continue their crazed attack on the royal family. And
The vote for strike action by 10,000 ambulance drivers who are members of the GMB union is more about public safety than about pay, insists the union. How it will benefit patients to have ambulance drivers go on strike is a little hard to fathom. Particularly so as the GMB has chosen to call a
The US entered recession earlier than the UK and Europe, and suffered its inflation surge earlier too, so it was always likely that its economy would recover earlier. But is the US emerging from recession while Europe and the UK are still plunging into theirs? That’s what today’s data from the Bureau of Economic Analysis
Rail travel has never been cheap, but should we really each be paying £500 a year even if we never set foot on a train? That, according to figures released by the Office of Rail and Road today, is astonishing sum that each household had to contribute to government subsidies for running the railways in the
Jeremy Hunt has supposedly just closed a black hole in the government’s finances. But is another black hole opening up before his eyes? One of the more popular announcements in the autumn statement on 17 November was a rise in the windfall tax applied to oil and gas companies from 25 per cent to
Staging rebellions against their own government has become a way of life for many Tory MPs – but why choose onshore wind farms as the hill on which to die? If Rishi Sunak concedes to the demands of a group of (reportedly) around 50 MPs and lifts the moratorium on onshore wind which has been in
Just why is Britain still spending over £50 million a year in development aid to China? Despite it being the world’s second largest economy and investing in UK infrastructure projects, the latest statistical release by the Foreign, Commonwealth and Development Office shows that in 2021 more than £50 million of bilateral aid money was spend
Imagine if Jeremy Hunt announced a new 60p income tax band that was payable only by people who earn less than £20,000 a year. Or if he reversed council tax so that Band A homes paid three times as much tax as Band G homes, rather than the other way round. There would be more
The rail unions have announced further strikes for December and January. Nurses have already voted to strike for the first time in over a century. Now university lecturers, postal workers and Scottish teachers have joined in. So are we headed for a second Winter of Discontent – emulating the last months of the Callaghan government
The OECD has marked Britain down as the only G7 country (and the only major country bar Russia) expected to suffer a shrinking economy next year. But how accurate are its predictions? A year ago, it predicted that inflation in the UK would peak at 4.9 per cent in the first half of this year before
A year ago Boris Johnson lost his place in his speech to the CBI annual conference. He started blathering on about Peppa Pig World, after having treated young Wilfred to a day out there the day before. It was excruciating, but at least it was fun. It is hard to say the same about Rishi
It almost certainly wasn’t Vinice Mabansag, the baby born in the Philippines last Tuesday and picked out by the UN to personalise the occasion, but somewhere in around about now someone will be born who really does take the world’s population to eight billion. It is a landmark which has attracted the usual Malthusian handwringing
