The Spectator

Portrait of the week | 13 August 2015

Home The Metropolitan Police encouraged people to celebrate VJ Day despite reports in the Mail on Sunday (picked up from an investigation by Sky News) of plans by Islamic State commanders to blow up the Queen. The RMT union announced two more strikes on the London Underground for the last week in August. Network Rail

Podcast: Big trouble in Big China

Forget Greece; China’s economic slowdown is the biggest story of the year, says Elliot Wilson in this week’s issue of The Spectator. China’s long boom may finally be ending and the consequences for the world will be profound. Elliot joins Isabel Hardman and Andrew Sentance, Senior Economic Adviser at PwC and a former member of the

Boy soldiers

From ‘What will they do with it?’, The Spectator, 14 August 1915: It is true that in a good many cases boys of 17 ought not to be sent to the trenches. Such boys would, however, be quite serviceable for home defence purposes, and it is obvious that we must in any case keep a quarter

The Spectator at war: The last post

From ‘The End of the First Year‘, The Spectator, 7 August 1915: Terrible as have been the sufferings caused by the war—the agonies of the body for those who have fought and fallen wounded, and the agonies of the mind for those who have seen husbands, fathers, and sons go to their deaths or return

Loft

‘There’s so much rubbish up here — and there’s the pedestal you used to put me on.’

Letters | 6 August 2015

Exploiting our charity Sir: Melissa Kite (‘Asking too much’, 1 August) is spot on about charity fundraising. This has changed charitable sentiment into an exploitable business asset. The consequences are bad for both givers — who are likely to become more cynical as time goes on and therefore less charitable — and the charities themselves, which will suffer

Portrait of the week | 6 August 2015

Home Tom Hayes, aged 35, a former City trader who rigged the Libor rates daily for nearly four years while working in Tokyo for UBS, then Citigroup, from 2006 until 2010, was jailed by Southwark Crown Court for 14 years for conspiracy to defraud. The government sold a 5.4 per cent stake in Royal Bank

Barometer | 6 August 2015

Rogue traders Former UBS trader Tom Hayes was jailed for 14 years for rigging the Libor market. How long could you go down for financial misconduct? 19 months (plus a £100,000 fine) in the case of Julian Rifat, former trader at Moore Capital, convicted of insider trading in March this year. 7 years in the