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
The bubble may have burst, says Ross Clark, but a crash looks unlikely. For now, property remains a sensible investment — better than sticking cash in a low-interest account I’m getting fed up with my 2.5 per cent Northern Rock Super-Sucker’s Account. It was OK when it was paying 6 per cent and Alistair Darling
The marvels of French rail travel are a myth, says Ross Clark. Travelling by TGV is a rip-off — and the customer service is appalling Which Ryanair passenger, left fuming by lousy service and lashed by Michael O’Leary’s tongue, hasn’t opined that, if only they had more money and a bit of extra time, they
I am not sure that I quite envy James Delingpole, cast as a teddy bear-carrying social climber in When Boris Met Dave, Channel 4’s drama-documentary about the future Tory leader’s time at Oxford. But I do feel a bit peeved that my generation is about to seize power and I can’t even claim a bit
American healthcare makes our system look good, writes Ross Clark. But however revolutionary Barack Obama’s health reforms are, Americans will still pay through the nose Had I a more devotional attachment to free-market economics I suppose I would be joining all those Republicans condemning Barack Obama’s health reforms. I have written enough about the failings
A visitor returning to Britain after 30 years could easily be fooled — by the sight of privatised buses and by the replacement of heavy nationalised industries by hi-tech business parks — into thinking that Britain has been transformed from a sub-socialist society into a dynamic free enterprise economy. In some ways that may be
Ross Clark on a supposedly ‘model’ Tory authority which has, behind the scenes, left elderly homeowners to suffer at the hands of private contractors For an idea of what public services might look like in Cameron’s Britain we are encouraged to look at Essex County Council. Along with Hammersmith & Fulham it is held up
There has been one thing missing from the debate between Google and the People’s Republic of China. The decommunisation of the world was not supposed to happen this way. Countries which dismantled their systems of oppression and fear were supposed to prosper economically; while any who declined to do so would remain in economic permafrost.
Cameron’s inclinations are to help the rich and the ‘romantic’ poor and do little for those who’ve bettered themselves, says Ross Clark. But can he rely on the middle-class vote? There may be no big idea but there is an important concept lurking on the back page of the Conservatives’ draft manifesto on health. And
Ross Clark says it’s not so much the Prince of Wales who has put the mockers on this controversial Qatari-backed development, but the grim economics of the credit crunch Gordon Brown is well known for his bad timing in selling off half the nation’s gold reserves at the bottom of the market in 1999. But
Power cuts and uncollected rubbish form most people’s memories of the economic debacle that was the 1970s. But for me, a quite different story sums up the lack of business sense that distinguished the British at the time. My mother had gone into a village shop in Kent to buy some bacon, which the affable
Labour had a good night on Sunday. Not Gordon Brown, not Ed Balls, not the Milibands, nor any other of the other ministers who will have been bundled out of office within the next 12 months. They are, of course, doomed. For them ahead lies nothing but months of humiliation, followed, for many of them,
I’m your man for the job, Chancellor HM Treasury has placed an advert in the Economist looking for a new external member of the Bank of England’s Monetary Policy Committee, the body that sets UK interest rates, to succeed David Blanchflower. I have decided that it is my duty to apply and have therefore sent
Ross Clark says that we mustn’t underestimate Boris’s greatest achievement: to have frozen the GLA precept without affecting services is a triumph It is hard to remember the horrors of the London inherited by new Mayor Boris Johnson a year ago. It was a city gridlocked with traffic, with unaffordable housing, and where you couldn’t
Ross Clark looks ahead to Gordon Brown’s summit at which he will try to revive his own political fortunes, found a new global economic order and stage a Bretton Woods for our times. No chance: the whole thing is an expensive sham It is difficult to look at the photographs of the world’s finance ministers,
Gordon Brown and Alistair Darling rail against bankers’ bonuses. But, says Ross Clark, the really appetising salaries, perks, expense packages and pensions are to be found in the public sector. A terrible reckoning lies ahead for the last fat cats Imagine for a moment that you are a banker in one of the bailed-out banks.
The Insolvency Service has sent me a questionnaire seeking my views on bankruptcy. At first, I was enthused by this chance to say what I think about Gordon Brown’s reforms which have led to an explosion in personal bankruptcies — a record 200 of them per day in the last quarter of 2008 — and
The government recently proposed that schoolchildren be given lessons in personal finance. Can I ask that, alongside the Lower Fourth, room be made in the classes for the AA spokesman who recently said this: ‘People wanting to get high-aspiration vehicles at an affordable price will have been hit by the crash in [the cars’] value.’
While my remaining bank shares were plummeting last week I bought a copy of Socialist Worker to try to cheer myself up. At least somebody must be enjoying themselves, I reasoned, as I sat down to enjoy what I thought would be red-blooded demands for insurrection and the public execution of Sir Fred Goodwin. I
Zero interest rates, record borrowing, printing money; the government has indicated that it is prepared to consider anything to slay the spectre of deflation. But if deflation is really such a bad thing — and I’m not convinced that, in a mild form, it is — then perhaps ministers should look at reining in a
I ought to be a natural Warren Buffett. I’ve never had any difficulty doing the opposite of what everyone else is doing. If there ever was anyone capable of being ‘fearful when everyone else is greedy and greedy when everyone else is fearful’, it’s me. Why, then, is Warren Buffett worth tens of billions and