Uk politics

Friday

Isabel Hardman

Of course Labour doesn’t trust people with their money: the party made little effort to teach them about it

Labour’s response to the biggest announcement of the Budget, on pensions reform, was never going to be snappy. It would be unfair to expect an Opposition to deliver an immediate response to such a surprising and complex reform. But that’s not to say that the way the party has responded has been exemplary. They were not helped by John McTernan’s Newsnight interview on Wednesday night in which he framed the debate about the pension reforms as being about whether or not governments should trust people to manage their own money. He’s a former party adviser so he doesn’t get the lines to take (which, according to Adam Boulton, were not

Isabel Hardman

Labour’s campaign pickle

Douglas Alexander has given an interesting interview to the Independent in which he reveals that Labour has set up a team to monitor Ukip. It will go some way to reassuring those at the top of the party who, as I report in my Telegraph column this morning, are growing increasingly nervous about the party’s chances in the European elections. There have been awkward confrontations in Shadow Cabinet meetings about the party’s election strategy, and demands for something a little more tangible on the doorstep from shadow ministers from all wings of the party, and from candidates. It’s interesting that Labour is taking Ukip seriously, as some party chiefs initially

John O'Neill

George Osborne gave us a saver’s budget. Should he have bothered?

‘If you’re a saver, this budget is for you’, George Osborne said on Wednesday as he unveiled measures to let people keep more of what they save – such as combining cash and stocks-and-shares ISAs and whacking the subscription limit up to £15,000 from the 1st of July this year. But will people put their money away in savings accounts? The OBR’s latest forecasts show that the savings ratio – the percentage of households’ disposable income that they save – will fall by almost a fifth this year, and households will put away significant less than the OBR thought they would last March. [datawrapper chart=”http://cf.datawrapper.de/JjUGo/1/”] Households aren’t just not saving –

Thursday

Isabel Hardman

Labour sticks to cost-of-living attack as Budget debate rumbles on

If Ed Balls thought he could have done a better job than Ed Miliband at responding to the Budget, today he got his chance. The debate on the measures announced by George Osborne rumbles on in the House of Commons, and Ed Balls gave his speech on it this afternoon. He started by telling the Chamber that this was ‘the Chancellor’s last chance to make decisions and announce measures that will make a real difference before the general election’. Balls claimed that ‘for all [Osborne’s] boasts and complacency, the Budget did nothing to address the central reality that will define his time in office – the fact that for most

James Forsyth

It’s time for the state to trust adults with their own money

The changes that George Osborne announced to pensions yesterday were so big that there was always going to be a backlash. Sure enough, the IFS and various others have today voiced concerns about the scheme. The essential complaint is that if you let people take charge of their own pension pots, they might spend their money too quickly. This is an argument that George Osborne should relish taking on. Trusting people with their own money is a fundamentally Tory idea. It is also slightly absurd to suggest that people who have been diligent enough to build up a pension pot over their working life are suddenly going to become spendthrifts

Sebastian Payne

Podcast: Buying your way into the establishment and Osborne’s 2014 budget

How easy is it to buy your way into the British establishment? On this week’s View from 22 podcast, Harry Mount and journalist Ben Judah discuss whether Britain has become a bankrupt country. Why are so many Russians throwing hordes to cash to buy their way into new Britain? How are Prince Charles and Tony Blair involved? And is it a good thing that the establishment is regenerating itself? Fraser Nelson, James Forsyth and Isabel Hardman also analyse George Osborne’s fourth budget — what the announcements mean, the winners and losers, how the Chancellor has carefully targeted Ukip, the significant changes for pensioners and Ed Miliband’s meek response. Plus, Fraser

Isabel Hardman

George Osborne’s Budget elephant trap is still open and waiting for Labour

Yesterday the Opposition didn’t really do all that much opposing. Labour announced it was going to vote in favour of George Osborne’s AME welfare cap, with Ed Balls arguing that Ed Miliband had set this out in a speech last year anyway. This cap was supposed to be an elephant trap for Labour, but Labour initially appeared to have tip-toed around the edge without falling in. But Osborne has set a secondary snare for the party: the ‘bedroom tax’. The Conservatives are keen to point out that restoring the ‘spare room subsidy’ would lead to a £465 million welfare spending rise in 2015/16, and want Labour to answer how they

Isabel Hardman

Tories: There never was a bingo poster

George Osborne got the front pages he wanted this morning. ‘A budget for Sun readers’ proclaims his target newspaper. But Labour, which doesn’t have very much to say about the Budget, has been celebrating Grant Shapps’ unfortunate infographic which he tweeted last night which takes a rather David Attenborough-style tone when describing what hardworking people like to do in their spare time. ‘Cutting the bingo tax and beer duty to help hardworking people do more of the things they enjoy’ the image says. Labour is delighted and many Tories are horrified. George Osborne has been pressed repeatedly about it on his post-Budget broadcast tour. listen to ‘George Osborne: We’re creating

Matthew Parris

We have to tell the truth about Tony Benn now. Who will hear it later?

I could start by remarking that we should not speak ill of the dead, quoting the pertinent Latin phrase: de mortuis nil nisi bonum (‘of the dead, only good’). But this would be to miss a key qualification because the whole quote (from Diogenes Laertius, circa ad 300) adds ‘dicendum est’: ‘is to be said’. And that puts a different complexion on things. Commentators have preferred to describe the advice as an established social convention rather than necessarily their own opinion. Indeed it is often used as a sly way of indicating (without stating) the speaker’s disapproval of the deceased. But if the phrase has been thrown once at my

Wednesday

Isabel Hardman

Labour doesn’t want to talk about today’s budget

Ed Balls has just delivered quite an odd post-Budget briefing. It was odd because he didn’t really want to criticise anything. Of course, when the Chancellor has just unexpectedly announced major reforms to the pensions system, it would be foolish for an opposition to start criticising a reform that it probably doesn’t quite understand. But the furthest the Shadow Chancellor would go was that it was ‘underwhelming’. He said: ‘Overall we thought that was pretty underwhelming: Ed Miliband had written pages of his speech which weren’t used in the end because they referred to things that might be in there but weren’t and, so, you know, he obviously had to

James Forsyth

Budget 2014: Has Osborne come up with a silver bullet for dealing with Ukip?

The Budget today contained a host of measures that’ll benefit the silver savers; those in, or coming up to, retirement. From January next month, pensioners will be able to buy pension bonds that offer a 2.8 per cent interest rate for a one year bond and a 4 per cent annual rate for a three year bond. This is far better than the rate available on the high street and will cost the government £170 million in 2015-16. It should assuage the pain, and anger, that many pensioners have felt at the government’s deliberate policy of keeping interest rates as low as possible. Considering that defections from the Tories to

Isabel Hardman

Budget 2014: The Tories gave Ed Miliband licence to become a class warrior

No opposition leader looks forward to responding to the Budget. It’s one of the harder gigs as you get little notice of the detailed measures that may cause real rows and are scribbling feverishly throughout the statement to try to make your pre-written speech sound relevant. But it is still an achievement that Ed Miliband in his own response managed to avoid talking about anything in the Budget other than the new design of the pound coins. He started by reminding the House of Commons of how much further the Chancellor needs to go before hardworking families up and down the country feel as cheerful as the Tories. He said:

Isabel Hardman

Budget 2014: Will Cameron’s disciples spread the message?

Lynton Crosby addressed the Conservative parliamentary party last night about the party’s messaging for the European elections. Amusingly, I hear he told those gathered to watch one of his powerpoint presentations that while Jesus only had 12 disciples, David Cameron has 305 to spread his message. Perhaps the next Downing Street wooing event will see the Prime Minister handing out loaves and fishes to his backbenchers. After a rather off-message week, the Conservatives need their MPs to get into line and start talking about that long-term economic plan today as George Osborne unveils his Budget. One of the key words to look out for is ‘resilience’, which the Chancellor has

Tuesday

Isabel Hardman

Number 10 plays down Warsi Eton Mess stunt

Downing Street is trying to play down Sayeeda Warsi’s  Eton Mess stunt on The Agenda last night. Asked what his response to her decision to hold up a front page saying ‘Number 10 takes Eton Mess off the menu’, the Prime Minister’s official spokesman said: ‘Look, I think that was in the light-hearted section of the programme. I’m not sure whether he actually caught the programme, as it happens.’ He then added that the Prime Minister had ‘spoken about the importance’ of greater social mobility, and that the Chancellor had made similar comments to that effect yesterday. Both Warsi and Michael Gove were at Cabinet today, but the spokesman said there

Sebastian Payne

How much do voters care about Old Etonians and the political class?

Are voters really concerned about how many Old Etonians David Cameron surrounds himself with? Judging by the cutting remarks from Michael Gove and Sayeeda Warsi it matters a lot, but opinion polling tells a slightly different, more troubling tale about how people feel about the ‘political class’. On the Eton question, YouGov recently carried out a poll asking which characteristics they found most unsuitable for a ‘leading politician’. When asked to choose three or four negative qualities, 38 per cent stated that an MP who went to Eton and doesn’t ‘understand how normal people live’ is unsuitable: According to the polling, having been schooled at Eton is judged as a

Isabel Hardman

Tory leadership rivals may be jumping too early

The Coalition is trying to make today about childcare after announcing plenty of housing initiatives over the weekend. Announcing different policies in a drip-drip in the run-up to the Budget means they get their own limelight – and that’s fine if you’ve got enough left in the larder once the statement itself arrives. George Osborne has learned from the 2012 Budget the art of spinning things out while leaving enough to hand out on the day – particularly giveaways that Sun readers like. But today is also about the frankly weird shenanigans at the top of the Conservative party which continued this morning with Boris Johnson’s father pressing his case

Monday

Isabel Hardman

Exclusive: PM vents fury at Gove for interview on Etonians

Unsurprisingly, Michael Gove’s FT interview in which he attacked the ‘preposterous’ number of Old Etonians around David Cameron – widely interpreted as a sally on behalf of George Osborne – has gone down like a lead balloon with the Prime Minister. I understand that Cameron had a stern word with the Education Secretary over the weekend, with one source telling me that ‘he was torn a new one and given a right royal bollocking’. Cameron has made it very clear to Gove that his words were ‘bang out of order’ and that his aim is to focus on the Cabinet job in hand, not go on freelance missions. Meanwhile, those

Isabel Hardman

How tax transparency can help the Tories

George Osborne is as adept as any gamekeeper at setting little traps in every Budget and Autumn Statement for Labour to fall down. He hinted at a few in his Marr interview yesterday and they were largely the sort we’ve come to expect from the Chancellor on welfare and deficit reduction, but there’s also speculation that he could set another trap on tax. Ben Gummer’s 10-minute rule bill calling for National Insurance to be renamed the ‘Earnings Tax’ received a disproportionate amount of attention for what is normally simply a parliamentary device by which a backbencher can garner a little bit of attention for their hobby horse. But the reason

Isabel Hardman

Ken Clarke: We don’t need treaty change to reform Europe, and my eurosceptic colleagues are eccentric

Tory europhiles don’t often come out in the daylight: they normally give the impression they’re frightened that their associations will get grumpy, or that their fellow MPs will try to shout them down. But today the pro-EU group European Mainstream launched their new pamphlet, In Our Interest: Britain with Europe, which takes a stance that is quite unusual in the Conservative party: it agrees with the Prime Minister’s Europe strategy. The 62 MPs on the group – who include Ken Clarke, Damian Green, Richard Benyon and Caroline Spelman – didn’t seem at all shifty or nervous when they gathered in Westminster Hall this afternoon to launch the pamphlet and make