Theresa may

That the Tories are having to shift their policymaking far left even of the Milibandesque positions that Theresa May took before the snap election is quite obvious. Today's education speech by the Prime Minister involved an admission that the current system, drawn up by the Conservatives in coalition, isn't working. The problems that the Tories have noticed with that system are largely political, but that's not to say that there aren't flaws in the details, too. But it's not just on tuition fees that the party is having to change its tune from its time in government under David Cameron and George Osborne.

Here we go again. During the last Conservative leadership campaign, Andrea Leadsom came under fire for suggesting that having children made her a better choice to be prime minister than Theresa May. In an interview with the Times, the mother of three said having children meant she had 'a very real stake' in Britain's future. The furore over Leadsom's comments was a contributing factor in her decision to pull out of the contest. Now it seems that Sarah Champion has taken a lesson from the Leadsom rule book. In an interview with the House magazine, the Labour MP suggests that tackling child sexual abuse has taken a back seat since Theresa May became Prime Minister – lamenting that David Cameron had more of an interest because he is a...

As Brexit tensions continue to simmer in the Conservative party, the May local elections look to be the next big danger point for Theresa May. MPs who are losing patience with the Prime Minister fear that any move now would be near impossible to justify to the public when the Tories remain neck-and-neck with Labour in the polls. The thinking goes that disappointing results in the local elections could provide the perfect cover to oust May from her position. It's true that disappointing results look likely. In London, the Tories expect a bloodbath, with elections analyst Lord Hayward predicting that the party could lose more than half of their London boroughs.

Sometimes as an investor, you wish your Prime Minister or President would keep their thoughts to themselves. Perhaps hold off on that keynote speech about Brexit? Brush over that State of the Union address? Why? You may ask. Because it plays havoc with your investment strategy, that's why. And I don’t think the likes of Theresa May and Donald Trump realise what they might be doing to someone’s investment portfolio. The research from spread-betting firm ETX Capital shows that large fluctuations in the value of the pound can be seen after Mrs May’s speeches. Source: ETX Capital Last year, the pound was weak against a basket of currencies, including the euro and dollar.

When David Cameron and George Osborne were in government, the pair heralded a new 'golden era' where the UK would be China's 'best partner in the West'. However, since Theresa May moved into No 10, questions have been raised about the health of this partnership. Osborne ally Lord O'Neill has criticised May for a focus on New Zealand when the priority should be China. Meanwhile, just last week Osborne appeared underwhelmed by May's trip to China – telling the Today programme that she needed 'a plan to engage with the rest of the world like China'. Further still, the paper Osborne edits – the Evening Standard – claimed that May had held a chinese symbol for luck 'upside down'.

Theresa May's MPs are now constantly pressuring her to come up with a 'vision' of what she wants to do, whether it be on Brexit or on the domestic front. Those who are more sympathetic to the Prime Minister's caution, though, argue that her vision is constrained by the parliamentary arithmetic. Why try something that just isn't going to get through the House of Commons? One answer would be that May wouldn't lose all that much by trying and failing than she thinks. As I wrote last week, she is currently more in danger of weakening her authority by not trying at all. But another is that the Prime Minister could work with that parliamentary arithmetic to get reforms in place using a cross-party consensus.

At political Cabinet this week, the chief whip warned ministers how difficult it was to hold the Tory party together, I write in The Sun this morning. Julian Smith warned them that noises off from the Cabinet made it even more of a struggle to maintain unity. Smith is right. The Tory party is dangerously divided, a split is a real possibility. He’s also right that ministers sounding off over Brexit heighten these tensions. But what he didn’t mention is the most important thing, the need for leadership. Ministers are putting forward their views on Brexit so publicly because there isn’t a clear government position. They think everything is still to play for, so a bit of public lobbying is justified.

It's not a good sign when a party finishes the week with MPs making the same complaints as they did at the start. Yet that is where the Conservatives are now, with the malcontents still fretting that there is no sense of vision or authority from the leadership. One thing that has changed is that the Tory party now seems rather more noticeably split over how MPs should be behaving. There is the camp who say, either privately or publicly, that Theresa May should go because things are only going to get worse under her leadership. But then there are others who are furious with anyone agitating for a change at the top, whether publicly or privately, because they think it is making everything far worse than it should be.

Despite having to answer questions about whether or not she is a 'quitter', Theresa May must be reasonably glad that she's got a few days' escape from her domestic agenda while she is visiting China. But being away does mean that she has left her party to stew without her, and it's not clear that those around her are doing much to calm things down. Over the past few days, I've spoken to a range of Conservative backbenchers and ministers who either privately or publicly hold concerns about the way May is leading (or isn't, as the case may be). All agree that things are rather critical for the Prime Minister, and have a number of thoughts about how she might survive. But barely any of the MPs I spoke to have had any sort of contact from the Tory whips.