Uk politics

George Osborne, Patrick McLoughlin and Simon Burns have been flying the flag for the second phase of High Speed Rail 2 this morning. Politically, Osborne and Co see rewards in a project aimed at closing the North/South divide, rewards clearly so great that the Chancellor doesn’t mind the second half of the route zipping through his own constituency and irritating local councillors and campaigners. Osborne was careful to underline this when he appeared on breakfast television this morning, saying: ‘Our country has become so unbalanced and for the last 15 years as a country we gambled on the City of London and its prosperity and look where that got us.

There’s ‘no secret plot to get Britain out of the EU’ declared David Lidington on the Sunday Politics. In an interview with Andrew Neil, the Europe Minister was determinedly vague on the issue of what powers the next Conservative manifesto will seek a mandate to repatriate. But he made clear that the free movement of people is not going to be part of the renegotiation nor will Britain seek the right to strike its own trade deals with other countries. Having given the speech, David Cameron and his team don’t want to give a running commentary on what they might or might not seek to change about Britain’s terms of

As the speaker for yesterday’s Davos British business leaders’ lunch, Boris Johnson had the audience in his hand in his usual colourful way. I grabbed his very new Chief Economic Adviser, Dr Gerard Lyons, former Chief Economist at Standard Chartered, on the way out. How did he think we are doing economically? He told me the last big economic gathering was the IMF last October in Tokyo.  There, he said, the mood about the global economy was pessimistic, but now, three months later, the mood had improved, if only slightly.  There was more confidence about China and the US but still a lot of caution about Europe. Many continental economies, he

‘Cameron’s speech on Europe is badly timed; we must stop this endless European bickering when facing such huge worldwide political challenges’.  That’s the view of Neil Selby, the London-based Director of Executive Education for the Cheung Kong Graduate School of Business but who at the moment is, like me, here in Davos. ‘Let’s think instead of the links we can make with East Asia’, he tells me. It’s very disconcerting: while in Britain most columnists and commentators seem to be congratulating Cameron on his big Europe speech, here at Davos there’s no enthusiasm. Most of the people around me think the emphasis was all wrong. At a lunch on East

The GDP figures for the final quarter of 2013 are out tomorrow morning, and with them will come the usual round of commentary from government and opposition. They’re not expected to be good: Citi predicts that the ONS’s first estimate will show a contraction of 0.1 per cent in Q4. So perhaps that’s why Nick Clegg decided to get in early and taken a shot at his own government’s economic policy this evening. Speaking to Paul Waugh and Sam Macrory in the House magazine, the Deputy Prime Minister had the following to say: ‘If I’m going to be self-critical, there was this reduction in capital spending when we came into