Eu

Business holds the antidote to acts of voter insanity on both sides of the Atlantic

From our UK edition

Good news: ‘My sources in the Gulf tell me they’re poised with big cash to buy into sterling, UK equities and property on any weakness,’ says an email from a reader who does business across the Middle East. Will the phenomenon I once called ‘the Curse of Qatar’ be the horse that pulls us out of the post-referendum quagmire and tramples the short-sellers? Might it even be strong enough to save the professional services firm, dependent on inward investors, whose owner told me he expects to make 50 of his 180 staff redundant if the vote goes the wrong way? We have flirted with what the Washington Post called ‘an act of economic insanity’.

Coffee House shots: Who will triumph in tonight’s final TV showdown?

From our UK edition

As many as eight million people are expected to tune into tonight's BBC Brexit debate, where Boris Johnson, Sadiq Khan and Ruth Davidson will battle it out in their final attempt to win over voters ahead of the referendum. The last time Boris appeared in a TV debate, Remain's 'Operation batter Boris' was mobilised in a misguided attempt to discredit the former Mayor of London. So can we expect more of the same tonight? On today's Coffee House Shots, James Forsyth tells Fraser Nelson: 'Ruth Davidson is a fierce debater. She is combative, she goes for people. It would be very surprising if she didn't go for Boris.

Victoria Beckham: ‘The Euro-bureaucrats are destroying every bit of national identity’

From our UK edition

Victoria Beckham has said today she wants Britain to remain a member of the European Union. But 'Posh Spice' hasn't always been so keen on the EU. In this Spectator piece from December 1996, Victoria described how she thought the 'Euro-bureaucrats are destroying every bit of national identity'. Here's what she had to say in an interview with Simon Sebag Montefiore: Interview the Spice Girls, I thought. But the Spice Girls are interviewed all the time. My interview, however, would be different. I would ask only questions that I would ask Mr Major, Mr Blair, Mr Heseltine or any other politician. Only one thing worried me about this plan. What if they weren't interested in politics? It was a needless worry. They were completely political. Politics was really their subject.

David Beckham backs ‘Remain’. But his reasons why don’t make any sense

From our UK edition

To be fair to David Beckham, he is at least slightly higher profile than some of the other ‘stars’ from the football world who have had their say on Brexit. And Michael Gove didn’t sound convincing when he traded off the news that ‘Becks’ had backed ‘Remain’ by saying John Barnes and Sol Campbell had done the opposite. In a post this morning, Beckham spelt out his reasons for wanting Britain to stay in the EU by suggesting he wants to ‘live in a vibrant and connected world where together as a people we are strong’. That kind of rhetoric, whilst apparently noble, tells us little. People from both sides of the debate are after the same, whether they want Britain to leave the EU or not.

Steve Hilton claims PM was told net migration target is ‘impossible’ whilst we’re in the EU

From our UK edition

So long as the economy was at the top of the agenda, 'Remain' will have felt safe in the knowledge that 'Leave' could do little to win over the public's trust. But today, the Prime Minister has his former aide and friend Steve Hilton to thank for bringing the issue of migration soaring back into the headlines. What's particularly dangerous for the Government about what Steve Hilton had to say is his claim that the PM was directly told in 2012 that meeting the promise to bring net migration down to the 'tens of thousands' was impossible.

Frexit and Italexit? Support for the EU dwindles in France and Italy

From our UK edition

Various freak political events—the unexpected Tory election victory, the rise of Ukip—have conspired to allow Britain to hold its referendum on the EU this week. But if the rest of Europe were asked, what would they say? The Berlin-based Bertelsmann Foundation commissioned a study of 11,000 people in Germany, France, Italy, Spain and Poland to find out their attitudes towards Brexit and to the EU. Just 41 per cent of French and 54 per cent of Germans want us to stay. The Spanish are most keen for Britain to Remain, with 64 per cent opposing Brexit, followed by Poland with 61 per cent.

Jeremy Corbyn refuses to take the blame for a Brexit in lacklustre Sky debate

From our UK edition

After finding himself accused of putting forward a half-hearted case for Remain, tonight Jeremy Corbyn had the chance to prove the naysayers wrong in his first -- and final -- live television debate of the referendum. Yet instead of making a passionate plea for In, Corbyn used the Sky News debate to raise some of his own reservations with the EU. While Corbyn admitted that he is not a 'lover of the European Union', he argued that it is better to stay and fight from within than to leave and be left with greater economic problems. However, it's his answers dwelling on the EU's flaws which are most likely to be remembered.

Baroness Warsi defects to ‘Remain’: ‘Leave aren’t the kind of people I’d get on a night bus with’

From our UK edition

Baroness Warsi hasn't always been one to help out the Prime Minister when he's in a spot of bother. But her high-profile defection from the Brexit camp to Remain will certainly have put a smile on David Cameron's face this morning. It's not so much that Warsi was an essential part of Vote Leave's plans; the campaign have been keen to downplay Warsi's importance today, saying in a tweet that 'they weren't aware she was ever part of the Vote Leave campaign'. Michael Fabricant, a leading Brexiteer has also questioned whether Warsi was ever involved in the first place, asking 'Was she ever in Out?' Whilst it's true her involvement has been minimal, the words she used to justify her decision are still likely to hurt the 'Leave' campaign.

A response to David Smith’s economic case for Remain

From our UK edition

When it comes to making economics understandable, no one does it better that David Smith of the Sunday Times*. Today, he has written a emphatic endorsement of the case for the UK remaining in the EU. As a longstanding admirer of his work, a few points jumped out at me when reading it. Here they are. Britain’s economy is convalescing from the biggest financial shock in a century. A few years ago we were on the edge of the abyss. We live in the shadow of the crisis. One shock was careless: to impose another, self-inflicted one before we’re over it would be stupid. Yes, you can argue that now is not the best time.

Corbyn’s immigration honesty creates a problem for Remain

From our UK edition

Jeremy Corbyn went on The Marr Show this morning to talk about Jo Cox’s tragic death and the EU referendum. Corbyn talked movingly about Cox and how MPs don’t want to be cut off from the communities that they serve. The conversation then moved on to the EU referendum. Andrew Marr asked Corbyn if he thought there should be an upper limit on immigration. Corbyn replied, rightly, 'I don't think you can have one while you have free movement of labour'. https://www.youtube.com/watch?v=E6joUzXHwE8 Now, this is true. But it very much isn’t the Remain campaign script; David Cameron has even refused to admit that his ambition to reduce immigration to the tens of thousands is undeliverable while Britain is in the EU.

Boris makes it clear he isn’t interested in a coup against David Cameron

From our UK edition

The murder of Jo Cox was a moment that leaves you numb; an MP paying the ultimate price for the open society we live in. For the fact that our representatives live and work among us. Despite this tragedy, democracy must go on. By this time next week, the EU referendum will be over. The country will have made up its mind. Whether it is Leave or Remain, the UK will need a period of stability. This means David Cameron staying on as Prime Minister and, as I reveal in The Sun today, plans are already well advanced to ensure that this happens. Boris Johnson has signed a letter saying that Cameron must carry on as Prime Minister regardless of the result; making clear that he isn’t interested in any coup attempt.

Plato on the EU referendum

From our UK edition

Our politicians, realising that the referendum campaign will be settled not by themselves under the usual parliamentary constraints but by the Twitter-maddened populace under no constraints at all, have decided to abandon any principles they may have and play the straight populist game. Plato well understood the behaviour and its consequences. In his Republic, he envisages a man in charge of a large and powerful animal who studies its moods and needs. He learns when to approach and handle it, when and why it is savage and gentle, the meaning of the various noises it makes and how to speak to it to annoy or calm it. He might then deduce that he has a scientific understanding of animals.

Mark Carney uses interest rate decision to put the boot in over Brexit again

From our UK edition

The Bank of England's decision to keep interest rates pegged at 0.5 per cent won't surprise anyone. What is more interesting, after today's row involving Mark Carney, is how much the Bank had to say about the EU referendum. Brexiteers hoping Mark Carney and the BoE's Monetary Policy Committee would keep quiet about next week's vote will be disappointed. In its meeting minutes, the MPC gives it both barrels when warning about the dangers of Brexit. The MPC says a vote to leave would send sterling's exchange rate tumbling. It goes on to add that: 'As the Committee set out last month, the most significant risks to the MPC’s forecast concern the referendum.

Don’t panic! Turkey won’t be joining the EU anytime soon

From our UK edition

The Leave campaign sees the EU-Turkey accession talks as a reason to drum up fears about migration. In fact, it is a red herring. True, David Cameron may have previously been one of the most vocal champions for Turkish EU membership, even if during the referendum campaign he said that Turkey will not join 'until the year 3000'. But despite his apparent contradiction, he is right about one thing: Turkish membership is a long way off. So what do the accession talks look like as they stand? They are made up of 35 chapters in all but so far only one chapter – on science and research co-operation – has been successfully negotiated. Fourteen chapters are effectively off limits due to vetoes by Cyprus and others.

Leave six points ahead in latest phone poll

From our UK edition

Fraser Nelson and Nick Cohen discuss The Spectator's decision to back Brexit: The Ipsos MORI phone poll released this morning shows a dramatic turnaround since its last poll which had a double digit advantage for Remain. Leave is now six points ahead amongst those likely to vote. This means that Leave has been ahead in 7 out of the last 10 polls and 2 of the last 4 phone polls. Almost as worrying for the Remain campaign as the headline number is what the internals of the Ipsos MORI poll show. In a change from last month, immigration is now the top issue for people in this referendum, overtaking the economy. Alarmingly for IN, 70% percent of people don’t believe the Treasury’s claim that households wold be £4,300 worse off after Brexit.

The Spectator podcast: The Spectator backs Brexit

From our UK edition

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. In the magazine this week, The Spectator has urged its readers to back Brexit. In our leading article, The Spectator says that the European Union is making the people of our continent poorer, and less free and that the EU has started to deform our Government. When the country last held a referendum on Europe, ever newspaper in the country advocated a 'Yes' vote, apart from two: the Morning Star and The Spectator. And since then, our leader says this week, the EU has 'mutated exactly as we feared'. So why is it now time to 'abandon this vain mission' and walk away from the EU?

Brexit’s bitter harvest

From our UK edition

Nick Cohen and Fraser Nelson discuss The Spectator's decision to back Brexit: We British flatter ourselves that common sense is a national personality trait. Giddy Europeans may follow the abstract notions of dangerous leaders, but we could not be more different. We are a practical, moderate breed — if we do say so ourselves — who act according to the evidence, not fantastical theories. Let me see how this dear delusion is bearing up. It feels as if the Leave campaign will win the EU referendum. But even if Leave loses, it seems certain that it will perform so well as to produce an existential crisis in both our main parties. Our fabled common sense should also tell us that the British economy could have a crisis of its own.

Who to nudge next

From our UK edition

‘For ten years or so, my name was “that jerk”,’ says Professor Richard Thaler, president of the American Economics Association and principal architect of the behavioural economics movement. ‘But that was a promotion. Before, I was “Who’s he?”’ Thaler has had to get used to putting noses out of joint. His academic research, initially controversial, sparked an entirely new branch of economics, and now governments are adopting his theories across the globe. But he met plenty of resistance along the way. ‘You get your ideas straight when you argue with those whose views are most different from yours,’ he says.