Features

Thursday

Matthew Lynn

Is crypto back?

This time it was surely all over. As inflation started to rise towards a 40-year high, as central banks started raising interest rates for the first time in more than a decade, and as the monetary printing presses finally stopped running, the crypto-currencies crashed. What a crash it was. Bitcoin, the best-known crypto, fell all the way from $61,000 last November to less than $19,000 in June, a spectacular drop of more than two thirds. Ethereum, Solana and other, frailer ‘coins’ – as well as the even flimsier digital collectors’ items known as NFTs – all tanked. This appeared finally to confirm what the doubters had said all along.

Nicholas Farrell

Is Giorgia Meloni the most dangerous woman in Europe?

Rome Giorgia Meloni’s spacious office, on the top floor of Palazzo Montecitorio – Italy’s House of Commons – has large French windows that adjoin its own huge rooftop terrace with spectacular views of the Eternal City. You could hold the party of the century up there if you were so minded. Perhaps she will, if she wins. The polls suggest that Meloni, 45, is on the verge of becoming Italy’s new prime minister in next month’s snap election, which follows the collapse of Mario Draghi’s unelected national unity government.

Max Pemberton

The petty cruelty of the GMC

Doctors make mistakes. We mess up, have lapses in judgment, do stupid or downright wrong things. Some break the law, some violate trust. Patients place their wellbeing, and sometimes their lives, in our hands. So it’s only right that we are held to account. All good doctors want scrutiny. Our regulator, the General Medical Council (GMC), is supposed to be there to uphold the standards of the medical profession. It’s meant to help maintain the trust that the public places in us. This, of course, gives it an extraordinary amount of power: it can take away livelihoods. But the GMC has lost our trust. Many doctors feel that the organisation is now out of control, hellbent on pursuing petty indiscretions above all else.

Jonathan Sumption

The hidden harms in the Online Safety Bill

Weighing in at 218 pages, with 197 sections and 15 schedules, the Online Safety Bill is a clunking attempt to regulate content on the internet. Its internal contradictions and exceptions, its complex paper chase of definitions, its weasel language suggesting more than it says, all positively invite misunderstanding. Parts of it are so obscure that its promoters and critics cannot even agree on what it does. Nadine Dorries, the Culture Secretary, says that it is all about protecting children and vulnerable adults. She claims it does nothing to limit free speech. Technically, she is right: her bill does not directly censor the internet. It instead seeks to impose on media companies an opaque and intrusive culture of self-censorship – which will have the same effect.

Ross Clark

My holiday from the news

We are all supposed to remember where we were when we heard that Mrs Thatcher had resigned (my mother rang me while I was having a late breakfast). But I will always have a much more vivid memory of where I was when I heard Boris Johnson had called it a day. I was at a mountain refuge in Andorra when a Dutch hiker told me: ‘I’ve just spoken to my wife and she tells me your Boris Johnson has resigned.’ It turned out to be four days after the actual event. Between Boris appearing at his Downing Street lectern and me hearing about it I had managed to walk 100 miles across three countries, scale nearly a Mount Everest-worth of mountain passes and survive in my skimpy tent the foulest thunderstorm I have ever known.

Thursday

Christopher Howse

What I’ve learnt from editing a newspaper letters page

Letters to a daily newspaper have a curious power to gain an impetus of their own. ‘I owned a Triumph Herald many decades ago,’ wrote Robert Brown of Crosby to the Telegraph in January. ‘She was my first love. On cold winter nights I would keep her warm with an old mackintosh thrown over her engine under the bonnet. Perhaps it was this that protected her from a thief one night. She was driven off our drive on to the road but steadfastly refused to go any further.’ It soon became clear that we’d hit a seam of experience in recent history, when lives and loves were expressed through small British cars of doubtful reliability.

Mary Killen

Should you grass on a neighbour who breaks the hosepipe ban?

We know many water companies are themselves guilty of profligate waste through unrepaired leaks. So to snitch on a neighbour, who is making a comparatively tiny personal contribution to the drought, seems petty. But we are only human and it is hard to watch your flowers and vegetables wither and die while your neighbour is still drenching his own produce with gay abandon. If you have a smart water meter you might be more careful about over-use as Big Brother is watching you. Candy, a wife and mother of three in my nearby town, showed me her own bill for water use. It announced that her total water use was 93m3 between January and July 2022. The bill declared: ‘That’s the same as about 372,000 cups of tea, OR 1,240 showers OR 1,163 baths.

Ross Clark

Water woes: who’s to blame for the shortages?

For residents of the London borough of Islington whose homes were flooded this week by a burst water main, Thames Water’s decision to announce a hosepipe ban the following day must have come across as a sick joke. Just a few days before the flood, the company sent out an email asking its customers to be a ‘hot spell hero’. ‘Every drop you save really is another drop more in your local river or reservoir.’ But Thames Water seemed unable to follow its own advice: five million litres of water were lost during the leak. The episode neatly encapsulated much of what is wrong with Britain’s water industry: crude, 1940s-style rationing on the one hand and a failure to prevent much of the product leaking away on the other.

Tom Ough

The high life of stonemason James Preston

The impact had shattered the churchyard path. Chunks of asphalt and mortar lay in the surrounding grass. Just next to the path, like a broken chess piece, lay the remnants of the church’s 150-year-old spire. A few hours earlier, it had stood at the very top of the church, towering over the churchyard. Mercifully, the Victorian construction had fallen to earth rather than through the church roof. For reasons now lost, St Thomas’ in Wells is one of the very few English churches with a spire to the north-east corner. The list of people one can call for such emergencies is not long. In the event it was 37-year-old James Preston who picked up the phone.

Andrew Watts

I took my son to Drag Queen Story Hour

The nice young man in the library had told us he was worried about protests when I booked tickets for Drag Queen Story Hour. We only began to hear the chants halfway through the show; they drifted up from the courtyard in front of St John’s Hall, the council building that houses Penzance library, through the window behind where my son and I were sitting. They got louder and louder – the children started looking round, puzzled, and the drag queen gesticulated at me to close the window. It took me a few moments to realise what the gestures meant – I had assumed that it was what they call ‘vogueing’ – but I eventually pushed the sash closed. But not before I heard what they were chanting: ‘Drag! Is! For! Everyone!

Tim Stanley

It’s time for Tory socialism

The Conservative leadership contest has descended into a low-tax auction, which is not a good thing. The implication is that the Conservatives think government should be minuscule at the very moment when private enterprise is letting us down – the energy companies are raking in cash and spending it on stock buybacks – and the state seems to be on its knees. We live in a country where it’s become widely accepted that if you call an ambulance, it won’t show up for several hours; the borders are wide open; social care is under-funded; and the police have ceased investigating certain crimes. If anything, this is a moment to rediscover an older Tory tradition of state-building.

Jonathan Miller

Liberté, égalité, nudité: France’s new sexual politics

Montpellier France is going through a sexual civil war. After the great carnal outburst of the free-loving soixante-huitards, some have reverted to abstinence and prudishness, while others are pushing sexuality to new extremes. The crisis in French sexuality has exposed itself this summer as the clothes have come off. It’s not always a pretty sight, and not just because it isn’t true that French people don’t get fat. Major confusion on the shifting boundaries of corporal and sexual expression has grown into a peculiar conflict, exposing a national sexual neurosis.

Wednesday

Freddy Gray

Going bananas: Biden’s America is fast regressing

It’s hardly surprising that China feels emboldened. Xi Jinping must look at America and see not just a superpower in decline but a gerontocracy that has lost its marbles.Last week, Nancy Pelosi, the 82-year-old Speaker of the House of Representatives, visited Taiwan as a gesture of solidarity, in spite of China’s fierce warnings that her arrival would be treated as a grave provocation. Presumably Pelosi felt that, by not being cowed, she’d shown China who’s still global boss. And other photo-opportunistic politicians are expected now to imitate her. What for, though? In the following days, China intensified its military drills around the Taiwan Strait.

Thursday

Rana Mitter

Baby bust: China’s looming demographic disaster

This week, the world is gripped by the risk of conflict between the US and China. The People’s Liberation Army has fired live missiles into the Taiwan Strait in retaliation for US House Speaker Nancy Pelosi’s visit to Taipei and those who fear that China vs America is the next world war see Taiwan as a flashpoint. Some analysts imagine a repeat of the Cold War: two countries, two rival political systems, vying for world economic supremacy. China’s dominance is inexorably linked to the size of its population. It has long been the world’s most populous country. A technologically advanced society, with a great army of young workers and soldiers, is inevitably a power to be reckoned with.

Matt Ridley

How to be PM: ten rules for the next Tory leader to live by

You’ve just become prime minister. The public finances are in a mess, the Bank of England has stoked inflation, cutting taxes may make it worse, energy prices are through the roof, people are hurting so you can’t cut social spending, the Health Service is lengthening its waiting lists despite record budgets. What can you do? Given that you will be hearing a lot from people who do governing all day, here are ten things to remember on behalf of the rest of us – the governed: Assume all public bodies have the same goal – and it isn’t what it says on the tin. You might think the Committee for the Promotion of Postage Stamp Collections is obsessed with postage stamps, or the Sewage Treatment Works Agency is fascinated by sewage.

Katy Balls

What foreign policy would look like under a PM Truss

When Tom Tugendhat announced he was backing Liz Truss for prime minister, his former supporters were dismayed. He was the candidate for the ‘One Nation’ caucus of moderate MPs, who defined themselves against the Tory right. ‘Anyone but Truss’ was their mantra – and they lined up behind Rishi Sunak. Yet here was their former poster boy supporting their nemesis. What could Truss and Tugendhat possibly have in common? The answer can be summed up in a word: China. For better or worse, Truss is an instinctive politician. On foreign affairs, she was held back by Boris Johnson, who was more cautious on China. If she becomes prime minister, which looks likely, she would spend more on defence and take a more muscular stance against aggressors.

Owen Matthews

Sanctions are working – whatever Putin says

Don’t believe Vladimir Putin’s hype. The Russian economy is not OK. With western sanctions jeopardising up to 40 per cent of the country’s GDP, Putin’s assurances of an economic pivot to the East are a sham. And his weaponising of gas supplies to Europe is the financial equivalent of strapping on a suicide vest. That, roughly, is the message of a major new study published last week by the Yale School of Management about the impact of sanctions on Russia. Yale, working with a team of international economists, has looked past a wall of Russian obfuscation and used real-world data from retailers, energy traders and investors to reveal a picture very different from the rosy image presented by Putin at the St Petersburg Economic Forum in June.

Fiona Unwin

How Rishi Sunak won over the Tories of West Suffolk

‘I’ve cancelled my exercise class for this! I hope he’s worth it,’ said Selina in the hotel lobby. Rishi Sunak was coming to West Suffolk to meet members of our Conservative Association. Would he be worth a listen? Clearly our members thought so. More than 90 of us rocked up at one day’s notice to meet Rishi (or Sushi, as one of our older members kept calling him). Rishi wanted to pitch for our votes. His strategy is to introduce himself to as many members as possible. Last weekend, he met 2,000 activists in constituencies where 10,000 Tory members are based. He needs every single one of our votes if he is to overtake Liz Truss, and currently the odds are against him. One doubtful member told me at the beginning: ‘He can’t beat Truss.

Nicholas Coleridge

Why must my mobile provider harass me all through my holiday?

We have been on a family holiday to Tangier, Morocco, and of course my mobile phone came too. Not that I was intending to use it much – minimum impulse roaming; I would mostly wait until we had wifi for the purposes of Instagram and the rest of it. And I don’t tend to use the telephone bit at all. We had been at the villa two days when the barrage began – text after text, email after email, all from O2. I can’t pretend I am someone who can tell one service provider from another, but I know I am ‘with’ O2, and suddenly they were all over me. ‘Hello,’ their texts began. ‘From the way you have been using your phone, it looks like you might be abroad. Call us straight away so we can make sure your phone isn’t lost or stolen.

Neil Clark

What we can all learn from Jim Corbett’s tiger tales

‘The word “Terror” is so generally and universally used in connection with everyday trivial matters that it is apt to fail to convey, when intended to do so, its real meaning.’ Thus begins the third chapter of The Man-Eating Leopard of Rudraprayag (1947), part of the Man-Eater series by the great Anglo-Indian hunter and naturalist Jim Corbett. I was reminded of Corbett and his wonderful books when reading last week that human-assaulting tigers are once again on the prowl in Nepal, with 104 attacks and 62 people killed in the past three years. Conservation efforts have seen tiger numbers rise three-fold since 2010, but with that good news comes the bad news of increased danger to humans.