Brexit

Investors and savers are nervous about a Brexit vote

Is anyone else bored to tears of the mud-slinging and vitriol which has come to characterise the Remain and Leave campaigns? With more than three weeks to go until the European Union referendum vote, the Brexit argy-bargy is increasing in volume on a daily basis. Today’s shrill story comes from leading figures in the Vote Leave camp. Writing in The Sun, Tories Michael Gove and Boris Johnson and Labour’s Gisela Stuart (dubbed ‘The Three Brexiters’ by the red-top – there’s a fetching photoshop job if you want to check it out) say they want to be able to scrap VAT on fuel to help the poorest households. Immediately, Chancellor George Osborne hit back

The Guardian fails to practise what it preaches in the EU debate

Oh dear. Over the weekend, the Guardian ran an editorial on the EU referendum entitled ‘this campaign must show more respect for both facts and voters’. In the article — published on Saturday — the paper criticised the Vote Leave campaign for ‘recklessness’. They called on the Brexit camp to put an end to ‘deceptions’ such as the claim that we send the EU £350m a week: ‘It is now more than a fortnight since Boris Johnson and Nigel Farage began chugging around Britain in search of photo opportunities in their Vote Leave campaign battle bus. From day one in Truro, the bright red double-decker, which was built in Poland by a German company, has been

Boris ignores some basic points when he argues Brexit would cut fuel prices

Would Brexit mean cheaper fuel bills for Brits? That’s the claim made by Boris Johnson and Michael Gove today, who say that leaving the EU would let ministers get rid of VAT on gas and electricity. With all the bunkum being banded around over the referendum, it’s fair to say that the Brexit campaign do partly have a point on this. Under EU law, the UK is not allowed to charge less than five per cent VAT on fuel and power supplies. Boris argues as much in The Sun today: ‘Fuel bills will be lower for everyone,’ he says. So it seems that leaving the EU would hand back an

Post-Brexit Britain could cut net migration by 100,000 a year. Here’s how

The absence of an outline of a post-exit immigration regime is a serious gap in the Referendum debate. That need not be so. There is a fairly clear way ahead: to minimise disruption, while achieving control of numbers. The key element that needs to be controlled is migration for work (which accounts for the bulk of net EU migration). This could be sharply reduced if EU immigrants were subject to the same requirement for work permits as now currently apply to non-EU workers: the aim would be to reduce the overall scale of immigration without losing the economic benefit of highly skilled immigration. By doing this, net migration – 330,000

What China’s pragmatism teaches us about the Brexit debate

Dr Johnson said that if anyone truly wanted to understand themselves, they should listen to what their enemies say about them. And whilst China is not an enemy of the EU, it is certainly highly critical of it. Why then did China’s President Xi Jinping wade into the Brexit debate and call on Britain to stay put? What would possibly make him support something that criticises his country on human rights, trade issues and market access? One reason is simply because, for all their differences with western democracies, Chinese leaders and policy makers are very pragmatic. They view Europe predominantly as an economic actor, not a security one. And as

The Spectator podcast: Brexit, and the return of political lying | 28 May 2016

To subscribe to The Spectator’s weekly podcast, for free, visit the iTunes store or click here for our RSS feed. Alternatively, you can follow us on SoundCloud. Are David Cameron and George Osborne using the same techniques of deceit deployed by New Labour in the run-up to the Iraq war? In his cover piece this week, Peter Oborne argues that’s just what is happening. He says that in their EU campaign, the Chancellor and Prime Minister have put dirty tricks back at the heart of government. But Matthew Parris in his column says that in politics there’s no point complaining about being lied to. That’s the cry of the bad

Purdah could give the Brexit campaign the boost it so badly needs

If you’ve become fed-up with half-baked Treasury statistics, the start of the purdah period is welcome news. The ban on Government and Civil Service resources being used to put forward the case for ‘remain’, means there will be no more of those. But with ‘remain’ having pushed ahead in the polls over the last few weeks, will this now help level the playing field? Based on how the Government has tried to press home the advantage of using its huge resources right up until the last moment, it seems that there are certainly jitters about that happening. Its rather cheeky report put out yesterday evening which suggested that Brexit would

The Spectator poll: Are You In or Out? Bob Geldof, Tim Rice & Joey Essex have their say

The Spectator’s EU Poll asked a fairly random group of well-known people how they’d vote in the EU referendum, and this is what they said: Sir Tim Rice, lyricist: ‘In 1975 I voted to stay in the Common Market from a standpoint of ignorance. In 2016 I shall vote to leave the EU, as a rebel without a clue. This is a gut reaction which I trust far more than the barrage of misinformation churned out by both sides of the campaign but overwhelmingly by the Remain camp. At least this time round I know I don’t know anything which is more than can be said for most of the

The only Eurosceptic in the room

I was in Paris last week to take part in an EU referendum debate at Sciences Po, a French university that specialises in international relations. It’s not an exaggeration to describe Sciences Po as a finishing school for Europe’s political elite. Twenty-eight heads of state have studied or taught there, its graduates include five of the last six French presidents and the current dean is Enrico Letta, a former prime minister of Italy. My fellow panellists included Ana Palacio, the Spanish minister of foreign affairs from 2002 to 2004, and Hubert Vedrine, the French minister of foreign affairs from 1997 to 2002. I think it’s safe to say I was

Business investment falling could be good news for Remain

Today’s migration figures (net migration was 333,000 in 2015, up by 20,000 on the previous year) are bad news for the Remain campaign – but there’s a crumb of comfort for them in today’s GDP and business investment figures. This second estimate of GDP growth is unchanged from last month’s, still saying that the economy grew by 0.4 per cent in the first quarter of 2016. But business investment unexpectedly fell by 0.5 per cent. Whatever the reasons for it, Remain can say it’s due to uncertainty over the outcome of the referendum – and dish up more Brexit fearmongering: if businesses are putting off investment because we might leave, what

Today’s migration figures will be much-needed grist for the Brexit campaign

Ever since David Cameron declared he wanted to get net migration down to below 100,000 the migration figures have caused him a headache. Today’s are particularly sensitive given that they’re out just a day before the EU referendum purdah period starts. Confirming net migration more than three times Cameron’s supposed maximum, and half of the rise being EU nationals, the data will help the Brexiteers argue that we need to leave the EU to restore border control. The potency of this argument has resulted in a subtle shift in the Brexit campaigning strategy, which appears to have placed immigration (not the NHS or the economy) at the centre of their argument. The ONS release shows that net

Brexit odds – live updates on percentage chance of UK leaving the EU

With opinion polls showing dazzling range – from Leave being 4 points ahead to Remain 13 points ahead – it’s worth looking at the betting markets. The below is a live chart, which will update every time you revisit this page. It updates several times throughout the day. At the time of writing, the graph underlines a basic point about referenda: no matter what the polls say, the status quo has a huge in-built advantage. Or, at least, a lot of people are betting that voters will stay with the status quo. Mind you, this time last year, the betting markets gave David Cameron a 10pc chance of winning a majority. Greater than the

Brexit, and the return of political lying

Sir John Chilcot’s report into the Iraq invasion, due to be published on 6 July, is expected to highlight the novel structure of government created by New Labour following its landslide victory of 1997. As Tony Blair started to make the case for war, he began to distort the shape and nature of British government in several ways — the most notable being the deliberate debasement of the traditional idea of a neutral, disinterested civil service. Under Blair, civil servants were told to concern themselves less with the substance than the presentation of policy. They were informed that their loyalty lay more with the government of the day, less with the

This referendum has shown us the real Cameron

Westminster has a tendency to get ahead of itself. MPs want to discuss the aftermath of an event long before it has happened. They play never-ending games of ‘What if?’ At the moment, the political class cannot stop discussing, in great detail, what the post-EU referendum political landscape will look like. The speculation is, in and of itself, part of the political process. Much of the talk of the post-vote challenges facing David Cameron is intended to persuade him to pull his punches in the final weeks of the campaign. What no one disputes is that the Prime Minister will find governing even harder after 23 June. His majority is

The power trap

Soon after the date for the EU referendum was set, Timothy Garton Ash published a piece in this magazine under the title ‘A conservative case for staying in’. He was followed by Ian Buruma, attacking the idea that, having left the EU, the British would be more free. And then, after the Obama visit to London, there was Anne Applebaum, assuring us that the US had ‘excellent reasons’ for being opposed to Brexit. Like the little boy at the back of the street brawl in the old Punch cartoon, I want to ask: ‘Is this a private fight, or can any former foreign editor of The Spectator join in?’ Tim

If I were in charge of Leave, here’s what I’d say…

It may be too late. But with only about three weeks before our referendum on EU membership I am itching to take the leadership of the Leave campaign. I could do them a power of good. Two serious objections may be raised to my bid. First, I couldn’t chair a parish meeting, let alone a snakepit of warring Leave enthusiasts. Secondly, I certainly don’t think Britain should leave the European Union. Setting these disqualifications aside, however, as a former speechwriter and politician I see so clearly the strategic direction the Leave campaign should set if they are to stand an outside chance of winning — and a much greater chance

Today in audio: Fallon says Putin would ‘Vote leave’

Vladimir Putin’s name has popped up again in the Brexit debate. This time, however, it wasn’t the Prime Minister suggesting that the Russian president would favour Britain leaving the EU, but the Defence Secretary. Michael Fallon said Putin would ‘Vote Leave’ and he also told a Commons select committee that ‘there is absolutely no doubt in my mind that a British exit from the European Union would be applauded in Moscow’. He added that it would be a ‘payday for Putin’: Michael Fallon went on to say that being in the EU ensured that Russia had ‘paid the price’ for its intervention in Ukraine. Meanwhile, the Prime Minister gave a

So what if Brexit briefly raises the cost of a family holiday, Prime Minister?

Nicola Sturgeon urged the Government yesterday to lay off the ‘Project Fear’ strategy and instead focus on spelling out the positive reasons for remaining in the EU. Unfortunately, it seems it’ll take the Prime Minister some time to heed that advice. Cameron will warn today that Brexit would ramp up the price of a holiday. He’ll argue later that: ‘The choice facing the British people on 23 June is increasingly clear: the certainty and economic security of remaining in the EU, or a leap in the dark that would raise prices – including the cost of a family holiday. All the evidence points to the value of the pound falling

Tony Benn on the 1975 referendum

This letter from Tony Benn to his constituents was written in 1975 and published in The Spectator.  In 1975 you will each have the responsibility of deciding by vote whether the United Kingdom should remain a member of the European Common Market: or whether we should withdraw completely, and remain an independent self-governing nation. That decision, once taken will almost certainly be irreversible. In both the 1974 general elections I fully supported our manifesto commitment on the handling of the Common Market question. The present Government is now engaged in renegotiating the terms of entry along the lines set out in those Manifestos and is solemnly pledged, whatever the Outcome