Conservative party

The Tories are extending their lead on the economy

It looks like Dave’s still made of Teflon. Even after the economy shrank by 0.2 per cent and the unemployment rate rose to its highest point since 1995, the public still think his party is better at handling the economy than Labour. And the Tories’ lead on what is by far the most important issue to voters hasn’t just survived all this bad economic news — it’s actually grown. Before Christmas, 31 per cent said the Tories would best handle the economy, against 27 per cent for Labour. In today’s YouGov poll, that four point lead has trebled to become a 12 point lead — the biggest since autumn 2010:

Miliband the eurosceptic? Not yet

Ed Miliband is not naturally a eurospectic, but he certainly sounded like one during his appearance on ITV’s Daybreak show earlier. ‘I’m very concerned about what David Cameron has done,’ he said in reference to the PM’s equivocation over Europe yesterday. ‘He’s sold us down the river.’ Whether this is Miliband committing towards the sort of euroscepticism that is being urged on him by some of his colleagues, it’s too early to say. It’s only words, after all. But my guess is that — just as when Miliband attacked Cameron for not signing up to the latest treaty, but couldn’t say whether he’d have signed it himself — this is

Modernisation 2.0

One of the flaws of Tory modernisation was that it was never interested enough in pounds and pence. Social issues, the environment and public service reform were what the modernisers specialised in, not economics. But tonight’s Macmillan lecture by Nick Boles, one of the most intellectually influential modernisers, is devoted to the subject of how Britain’s global competiveness in the global economy can be improved. His argument is that: ‘What really threatens the general wellbeing of the British people is the stalling of productivity growth and the certainty that the next 20 years will expose them to competition that is vastly more intense than anything we have ever seen. If

A matter of honour

Condemnation’s coming from all sides for the £963,000 bonus awarded to RBS’s Stephen Hester, on top of his £1.2 million salary. The most prominent denunciation came from Lib Dem Foreign Office minister Jeremy Browne on last night’s Question Time: ‘I think there’s a sort of question of honour. Even if there is a contractual opportunity for him to have a bonus, it doesn’t mean he has to accept it. He’s already being paid more than £1 million a year. His total package now, means he gets paid in about three days what a soldier risking his life in Afghanistan gets paid in a whole year. And I think he should

A Lib Dem demand that the Tories should get behind

Remember those Lib Dem calls for a mansion tax at the weekend? I said at the time that, ‘the Lib Dems appear to be drawing more attention to which of their own policies they are fighting for within government, whether those policies make it to the statute books or not.’ Well, now they’re at it again. Nick Clegg is giving a speech this morning in which he’ll urge George Osborne to go ‘further and faster’ in raising the income tax threshold to £10,000 a year. It was the stand-out policy of the Lib Dem manifesto, so it’s hardly controversial that Clegg should want to see it enacted ASAP. But it’s

Miliband delivers for once, but Cameron’s left unharmed

Incredible events in the chamber today. An absolute sensation at PMQS. For the first time since last summer, Ed Miliband got through the session without triggering talk of a leadership crisis. There was gloomy news aplenty to dwell on. Debts soaring; growth flat-lining; dole queues snaking back through blighted high streets and bankrupt business parks. The Labour leader chose to wallop Cameron with a well-prepared attack on the NHS. Quoting the prime minister’s vow, ‘to take our nurses and doctors with us’, he asked why the government had stopped listening. The prime minister’s reply was frivolous and desperate. He giggled and smirked like a teenager at the despatch box and

Both leaders left smiling after PMQs

Today was one of those PMQs when you sensed that both sides were fairly happy with how it had gone. Ed Miliband turned in one of his stronger performances, cleverly splitting his questions and so allowing himself to have a go at both the economy and the coalition’s troubled NHS reforms. Cameron, for his part, got through what was always going to be a difficult session for him after this morning’s negative growth numbers.   Strikingly, there were four planted Tory questions on the benefits cap. The Tories know that Labour’s vote against it compounds one of their biggest vulnerabilities, the sense they are the party for people on benefits

Bad news doesn’t have to be surprising

I’m still of the mind that Westminster fusses too much about these quarterly growth figures, particularly when parts of the country have been in economic decline for decades. But there’s no doubting that they have the capacity to shift the political mood, both here and around the country. There is something disheartening about the idea that the economy returned to shrinkage in the final quarter of last year (even if today’s preliminary figure of -0.2 per cent might be revised upwards, or downwards, in due course). You can expect Ed Miliband to make much of it in this afternoon’s PMQs. The politics of the situation are not stacked entirely against

Osborne owes Darling an apology

Britain’s national debt rose to over £1 trillion last month, and will never return below this threshold. George Osborne is increasing net debt by 61.5 per cent in real terms over this parliament, more than the 59.9 per cent which Labour proposed when it fought the last election. Here’s how the OBR’s current projections for debt contrast with what Darling proposed in his last Budget: At the time, Osborne said Labour’s debt plan was reckless and unsustainable. I think he owes Alistair Darling a generous apology. Then, Darling said he’d halve the deficit over four years. Too slow, said Osborne. Now, he’s taking five years to do it – as the

A defeat that delights the Tories

Rarely can a government have been so pleased to have been defeated. The Tories are, privately, delighted that the Lords have voted to water down the benefit cap, removing child benefit from it. The longer this attempt to cap benefit for non-working households at £26,000 stays in the news, the better it is for the government. It demonstrates to the electorate that they are trying to do something about the injustices of the something for nothing culture. The matter will now returns to the Commons where the coalition is confident it can be reversed. I understand that Nick Clegg remains solid on the issue, despite the fact that Ashdown and

Cable teaches Umunna a lesson about the past

If you were in a particularly soggy mood, you’d almost feel sorry for Chuka Umunna. He’d managed to force Vince Cable into the House this afternoon, to announce the coalition’s plans for curbing executive pay a day earlier than planned, and he must have been feeling pretty swell about it. This was, on paper, the initiative seized; a chance to prise open the Business Secretary’s differences with his Tory colleagues. But, in practice, it was something completely different. In practice, Cable dispatched his opponent with ruthless ease. You might even have found yourself in the unthinkable position of cheering him on. A large part of it was Umunna’s petty, needling

Benefitting the Tories

The longer the row over the benefit cap goes on, the better it will be for the Tories. The cap chimes with the public’s sense of fairness. Polls show massive public support for capping benefits at £26,000 a year for non-working households (the cap won’t apply to the disabled or war widows), and if Labour oppose it, they’ll be handing the Tories a stick with which to beat them. Chris Grayling has already declared that tonight’s vote in the Lords is ‘a test of Ed Miliband’s leadership’. Those who argue that the cap isn’t fair because it will force people to move out of their house are missing the point.

Labour’s confusion is the Tories’ advantage

Today’s polls make grim reading for Labour. Even three months ago senior Labour or Tory people wouldn’t have thought that the Tories would be five points ahead at this point in the cycle. Part of Labour’s problem is that its positions require too much explanation. As one Number 10 source jokes, ‘Ed Miliband can do a Rubik’s cube in less time than it takes him to explain his position on the cuts.’ A prime example of these overly complicated policy positions is Labour’s approach to the benefit cap. The leadership says that it is in favour of a cap in principle but against this one in practice. But, I suspect

Lansley’s headache becomes a migraine

Now that the three party leaders have each pronounced on capitalism, domestic politics is returning to its familiar battlegrounds. And there are few more familiar battlegrounds, for this government, than the NHS. Earlier this week a couple of unions came out completely against Andrew Lansley’s health reforms, despite his previous efforts to accommodate their concerns. And now we learn that the Commons health select committee, chaired by the former Tory Health Secretary Stephen Dorrell, is set to criticise those reforms as well. According to the Observer, a report that they’re publishing this week will raise a common complaint: that it’s tricky for the NHS to both reorganise and find efficiencies

Cameron’s capitalism

Ever since Ed Miliband’s ‘predatory capitalism’ speech at the Labour Party conference, the future of capitalism has been a subject that has much occupied our MPs. Clegg made his speech on Monday, and Cameron delivered his yesterday. I have had plenty to say about the coalition government’s inadequate economic policy, and its inability to stoke growth. But Cameron’s speech was impressive, and it’s worth going into in some detail. I look at it in my Telegraph column today. Much rot is spoken about capitalism. It is not an ideology, there is no rule book you can tweak: it is simply the name given to the system where people trade with

The Home Office still hasn’t cleared up its border issues

Remember Theresa May’s border skirmish against Brodie Clark back in November? This morning the Home Affairs Select Committee published their report into the whole affair. Ideally it would have cleared up some of the confusions over who was responsible for waiving various security checks at our borders last summer, and whether they were right to do so — but it doesn’t really manage it. This is not really the fault of the committee: some of the crucial questions they put to the Home Office remain unanswered, and key documents have not been released to them. For example, Mr Clark claims he raised the issue of the ‘health and safety’ waivers

How Cameron sees the economy

Today’s speech by David Cameron is one of those ones that give you a real insight into how he sees the world. Cameron said that he wanted to see an ‘insurgent economy, where we support the new, the innovative and the bold’. He talked about the need to ‘encourage the adventurous spirits who challenge the status quo and declared that he admires ‘more than almost anything the bravery of those who turn their back on the security of a regular wage to follow their dreams and start a company’. This reveals something important both about Cameron personally and how he sees the economy. The people that Cameron respects are not

Boris’ poll lead evaporates

It looks like the May’s election for Mayor of London will be a close run thing. A new poll today from YouGov has Ken Livingstone two points ahead of Boris Johnson – a big turnaround from the eight point lead Boris had in June: Ken shouldn’t be popping any champagne corks yet, of course. His lead is well within the poll’s margin of error, and there’s three and a half months to go before election day. But he’s certainly looking more likely to topple Boris than he did seven months ago. So why the change? YouGov’s Peter Kellner has a good article on the poll’s details here, but two key points jump

Boris puts on a performance for the 1922 Committee

Boris Johnson was very well behaved this evening when he appeared before the 1922 Committee of Tory MPs. He stayed off the topics of Europe and tax and instead confined his remarks to London, saying that he wanted the capital to be an example of ‘cost-cutting, one nation Conservatism’. Those MPs inside the room say the performance was classic Boris, as one put it ‘he left no erogenous zone unstroked’.   Afterwards, Mark Reckless, a north Kent MP, asked the Mayor a sceptical question about his plan for a new airport in Kent. In the questions, I understand that Boris also took the chance to express his support for Rebecca