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
‘Poundland sells for a pound’ is one of those stories of which sub-editors dream – not to mention the beleaguered company’s PR department. But irony aside, the news does draw attention to a paradox: why do discount stores seem to suffer more in bad economic times than they do in good times? It’s like Ratners,
How much of the government’s Welfare Reform Bill will survive the mauling of backbench Labour MPs? If this bill even achieves £5 billion worth of savings by the time it becomes law, it will be something of a miracle. Once again, Rachel Reeves’ claim to be an ‘Iron Chancellor’ is about to be tested. No-one
What’s the most hazardous occupation? Deep sea fisherman? Uranium miner? Tail-end Charlie in a Lancaster bomber (not a career currently available)? I challenge anyone to find a speedier way to meet one’s end than becoming an influencer. The sad death of 28-year-old University of Salford student Maria Eftimova, who tumbled off Tryfan, a 1,000ft mountain
Rachel Reeves will apparently tell us today that she has chosen stability over chaos. It is one of the Chancellor’s standard lines, but it is very much beyond her control. Bond markets will have the ultimate say. They didn’t much like her Budget in October – indeed, long-term borrowing costs are higher now than they
Ed Miliband has suddenly realised that you cannot run an electricity grid on intermittent renewables alone. The Energy Secretary’s announcement this morning of £14.2 billion worth of funding for a new plant at Sizewell C, together with cash for Small Nuclear Reactors (SMRs) and continued research into the holy grail of nuclear fusion, is an
Whatever happened to the great promise to ‘smash’ the smuggling gangs? When it came to power just under a year ago the Starmer government promised to pour resources into securing Britain’s borders. There was going to be a new Border Security Command – which was actually set up with £150 million of funding, although if
When the Chancellor Rachel Reeves announced that she was withdrawing the Winter Fuel Payment from most pensioners on the same day, last July, when she awarded fat pay rises to many public sector workers she perhaps imagined herself as striking a blow for inter-generational fairness. Working people would get more money – at least if
So now we know how Labour intends to try to head-off the threat from Reform UK. It is going to fight them on the tram lines. Rachel Reeves will announce this morning £15 billion worth of new tram lines in the Midlands and the North as part of a £113 billion package of public investment.
Does anyone really think that spending 3 per cent of GDP on defence would make Britain ‘battle-ready’, as Keir Starmer claims? (Assuming, that is, that he really did spend all that money rather than merely have an aspiration to do so). Here is the statistic of the day, to remind us of what a wartime
It wasn’t long ago that Nigel Farage seemed a hopeless sell in Scotland. In 2013, on his way to campaign in a by-election in Aberdeen, he didn’t get further than Edinburgh’s Royal Mile before he had to be escorted from a pub by police for his own safety. Ukip, which he then led, had a
Keir Starmer has already folded on the winter fuel payment, promising a partial reversal of the policy by reinstating it for pensioners in receipt of pension credit. How much longer before the proposed £4.8 billion cuts to welfare benefits go the same way? This morning, the Health Foundation think tank has issued a pronouncement that
It is beginning to feel a bit like 1998 all over again. That was the year of the first countryside march when it – supposedly – rose up in anger at the Blair government over its plan to abolish hunting, introduce the right to roam and build some houses for people to live in. Landowning
Who would have guessed that caving into union militancy and paying a whacking above-inflation pay rise, with no strings attached, would lead to even bigger pay demands? In one of its first acts after coming to power last July the Starmer government awarded junior doctors a 22 per cent pay rise, which they accepted and
Some of the most infamous words in politics are ‘read my lips, no new taxes’ – uttered by George H.W. Bush as he accepted the nomination as the Republican candidate for the 1988 US presidential election. It helped him win that year but contributed to his downfall in 1992 as he failed to stick to
How much longer are Reform’s critics going to be able to get away with calling it a right-wing party? It is an odd kind of right-wing party that proposes to reinstate welfare benefits that even Labour has decided are too expensive; that pledges to nationalise the steel industry and 50 per cent of utilities; and
Has there ever been a day when Brexit seemed such a good idea? The story of Brexit began to change on ‘Liberation Day’ on 2 April when Donald Trump announced a 10 per cent tariff on imports from the UK and a 20 per cent tariff on those from the EU. No longer was it
Did anyone really think that the incoming Starmer government was going to appease the public sector unions for long by stuffing their mouths with gold – awarding them fat pay rises without any requirement to improve productivity? When he awarded junior doctors a pay rise of 22 per cent last July, Wes Streeting told us
Finally, in a horrible week for Rachel Reeves which has seen inflation surge, the public finances take a dive and her authority undermined by Angela Rayner’s memo and the Prime Minister’s U-turn on the winter fuel payment, a glimmer of good news. Retail sales rose by 1.2 per cent in April. The Office for National
The answer, according to Ed Miliband in an infamously toe-curling rendition of the Bob Dylan song, is blowing in the wind. But no longer, it seems, if you are on the board of SSE. The energy company, which was one of the first UK electricity companies to commit in a big way to renewable energy,
We can thank Rachel Reeves for one thing: setting up a real-world experiment to show the Laffer curve in action. April’s figures for the public finances, like yesterday’s figures for inflation, are truly dreadful. April should have been a bumper month for tax receipts, being the month that the rise in Employers’ National Insurance Contributions