Boss cuts The chief executive of the Co-operative Group, Richard Pennycock, asked for a pay cut, saying his job had got easier now that the business is more steady — not to mention smaller. His basic pay will fall from £1.25m to £750,000 and his overall pay will drop 60%. Some other bosses who have
Home David Cameron, the Prime Minister, after spending a week parrying questions about his late father’s investment fund Blairmore, suddenly published a summary showing that on his own taxable income of £200,307 in the past year he had paid tax of £75,898. Downing Street said ‘potential prime ministers’ and chancellors should be expected to publish
For weeks, Westminster has been full of rumours about the private life of a certain cabinet member. It was said he had started to visit a dominatrix in Earl’s Court but ended up falling in love with her and taking her to official functions. Like a Westminster remake of the film Pretty Woman, in fact,
From ‘Observing: an average day’, The Spectator, 15 April 1916: 5.10 a.m. The signaller on duty at the telephone has just said cheerfully, ‘5.30, Sir.’ I agree, and ask him if the wires are all right. They are! 5.50 a.m. Unroll the mufflers round my head and the blankets and kick off the sandbags. Then get off
For weeks, Westminster has been full of rumours about the private life of a certain cabinet member. It was said he had started to visit a dominatrix in Earl’s Court but ended up falling in love with her and taking her to official functions. Like a Westminster remake of the film Pretty Woman, in fact,
Gene genies Sir: ‘The return of eugenics’ (2 April) links a new technology of gene modification to historic dreams of genetic purification. But we are of course more than our DNA; each of us is a unique person, each mortal, and each worth the attention of science and medicine to alleviate our suffering. This means
Squire power The village of West Heslerton in Yorkshire was put up for sale at £20 million after its owner, Eve Dawnay, died. Other villages still largely owned by a local squire: — Hambleden, Buckinghamshire, owned by the W.H. Smith family until 2007 when it was bought by the neighbouring Culden Faw estate, which owns
The 11 million documents leaked from Panama lawyers Mossack Fonseca tell us much that we know already. It’s hardly news that the Central American state is a popular destination for those who dislike paying tax. But to obsess about this aspect of the story, as so many did this week, would be to miss the
Home Sajid Javid, the Business Secretary, said that the government would like a buyer to save Port Talbot steelworks. ‘We’re going to also have to offer support to eventually clinch that buyer and to give this steel plant a long-term viable future,’ he said. Andrew Tyrie, the chairman of the Commons Treasury Select Committee, said
From ‘Per Mare, Per Terras, Per Coelum’, The Spectator, 8 April 1916: The very worst the Germans can do in the way of Zeppelin attacks is negligible from the military point of view. They are a great and grim annoyance, but nothing more… A scientific betting man, if asked what were the odds on John Smith or
Amber warning Sir: James Forsyth’s interview with Amber Rudd (‘The Amber Express’, 19 March) was very revealing, but also slightly disappointing. She is right about the succession of ‘zealots’ who preceded her in setting British energy policy, but after the billions wasted on wind and solar, paid for by stealth taxes added to our electricity
Area of doubt Hillary Clinton has said that if she is elected she will open files on the US military facility in Nevada known as Area 51. Some rumours which will almost certainly not be confirmed: — According to a physicist who claims to have worked there, nine captured alien spacecraft have been examined there.
Home The Indian company Tata decided to sell its entire steel business in Britain, putting more than 15,000 jobs in jeopardy. The buy-to-let business was squashed by the Prudential Regulation Authority imposing more stringent borrowing criteria in parallel with an increase in stamp duty from this month. The Bank of England’s Financial Policy Committee said
A fortnight ago, the energy minister, Andrea Leadsom, declared grandly that Britain, alone in the world, would commit to a target of reducing net carbon emissions to zero. ‘The question is not whether but how we do it,’ she told Parliament. It is now becoming painfully clear how this target will be reached: not by
We’re delighted to have Berry Bros sponsor our flagship podcast. For some years now their ‘Good Ordinary Claret‘ has been The Spectator’s house red, served to all our guests (who are always impressed). It’s just £9 a bottle. Lara Prendergast presents this week’s podcast. She speaks to Fraser Nelson about the return of eugenics – which, according to his cover article, is back with a vengeance. He’s
From ‘The “Via Sacra”’, The Spectator, 1 April 1916: When the war is over, France, Belgium, and Britain will be faced with the problem of finding some form of war memorial adequate to the greatest and longest battle of which the world has any record… We propose that a wide Memorial Road should be laid out in
A fortnight ago, the energy minister, Andrea Leadsom, declared grandly that Britain, alone in the world, would commit to a target of reducing net carbon emissions to zero. ‘The question is not whether but how we do it,’ she told Parliament. It is now becoming painfully clear how this target will be reached: not by
