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 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
Ross Clark says speculators and fraudsters saw easy money in buying city-centre flats with borrowed money — but investors and lenders now face huge losses as prices crash I have developed a rather ghoulish pastime. It involves thumbing through auction results for repossessed apartments in city centres, then checking what those same properties sold for
Ross Clark takes a look at the TaxPayers’ Alliance Seldom has tax featured in the media over the past decade without the lanky figure of Robert Chote of the Institute of Fiscal Studies, or his predecessor Andrew Dilnot, popping up to discuss it. Yet recently the IFS’s monopoly has come under increasingly serious challenge. Whether
Ross Clark says that far from keeping our streets safer or cleaner, the government’s new force of amateur policemen are ignoring the worst offenders and pursuing law-abiding innocents instead Political brands are constantly changing. For years Liberal Democrats were the party of the environment; now the Conservatives appear to have taken that title. For decades,
I’m going to start with a declaration of interest. I own a four-bedroom house in Cambridgeshire, in which I have been living for the past nine years. I own no other property, either in Britain or abroad. I feel obliged to say this because increasingly when I read headlines such as ‘Doom and gloom as
For the vociferous band of Tesco-haters, waiting for the supermarket giant to slip up on one of its own homogenised banana skins has been a long and frustrating business. OK, you can clutch on to the failure of Tesco to achieve the 4 per cent year-on-year increase in sales during the Christmas period which analysts
Next month I will break the habit of a lifetime and wait until the red reminder before paying my telephone bill. I will do so because BT has decided to charge me £33 a year for the audacity of paying my bill by cheque. BT is penalising people who pay by cheque because it wants
There is one thing I have never understood about the property developers of 1930s Atlantic City. How come — at least to judge from the game they inspired, Monopoly — they never borrowed so much as a dime? Few provincial towns these days are considered so inconsequential that they have not spawned a special edition
Here is a little paradox. For 30 years during the Troubles you have been taking the Belfast to Stranraer ferry. No one asked you for identification: you just bought your ticket and off you went, even though it is quite possible that among your fellow passengers on one of those journeys was a terrorist smuggling
Surely, I said, the RAF cannot have bombed them all. No, she said: it was the ‘economic miracle’ which had done for them. Wealthy West Germans had spent the 1960s bulldozing fuddy-duddy old houses and building nice modern chalet bungalows in their place. Soon we will be able to give the same answer in response
While all eyes were on the crash of Northern Rock last week, something even scarier was happening. Two of Britain’s many house price indices — there were eight competing in a crowded market last time I counted — reminded us that property prices can fall as well as rise. The Royal Institution of Chartered Surveyors
The West’s new greenness conceals a giant protectionist racket On 27 September, President George W. Bush will finally come in from the cold over global warming. On that day he will host a conference in Washington to be attended by what he has defined as the world’s 15 most polluting nations. He intends, for the
Ross Clark says that our capital has the geographical, economic and social conditions that made the Venetian city-state of the 14th century — but all this is vulnerable When Tony Blair secured the agreement of the Scots and — only just — the Welsh for devolution in the referendums of 1998, it was supposed to
There aren’t many people who can say that Gordon Brown has cut their taxes. In fact, as far as I’m aware there are just managers of private equity funds — and me. The Chancellor’s introduction of the flat-rate VAT scheme in 2002 was so uncharacteristic that it took me a whole year to work out
Ross Clark says that the anti-globalisation rioters protesting at the G8 summit in Germany and Labour’s deputy leadership contenders are part of a new and dangerous trend towards wealth-bashing One of the little-remarked side effects of 9/11 was the eclipse of the anti-globalisation movement. It is not easy to remember that in the summer of
The regulator of premium-rate telephone services, ICSTIC, is investigating television companies which dangle prizes before viewers’ eyes and then make it extremely difficult to claim them. When it has finished with that, perhaps the watchdog might turn its attention to a similar scam: Gordon Brown’s tax credits. In last month’s Budget, the Chancellor held out
Next month the Office of Fair Trading will produce its long-awaited report into parking fines. It is expected to rule that charging motorists £60 for overstaying their welcome at a parking meter is unfair, and that in future councils must charge motorists only what it costs to issue the parking ticket. Actually, that’s not quite