Uk politics

Communities Secretary John Denham has compared the English Defence League (EDL), the group that has organised protests against what it describes as the ‘Islamification of Britain’, to Oswald Mosley’s Union of British Fascists. Whilst announcing that the government plans to re-engage predominantly white working class voters who are being seduced by the BNP, Denham said: “You could go back to the 1930s if you wanted to - Cable Street and all of those types of things. The tactic of trying to provoke a response in the hope of causing wider violence and mayhem is long established on the far-right and among extremist groups.

There’s a good article in the New York Times today about how little has changed in the way Wall Street does business since the collapse of Lehman—employment in the sector is only down eight percent, Goldman employees will earn on average $700,000 this year and derivatives are still not being traded on an open exchange. Indeed, the new Tory guru Nassim Taleb, the author of The Black Swan, thinks that the system might be riskier now than it was when Lehmans collapsed: “Mr. Taleb warns that the system has grown riskier since last fall. The extensive government support that began after Lehman collapsed will lead investors to assume that governments will always prevent major banks from collapsing, he said.

David Cameron doesn’t give much away in his interview with the Telegraph. He again commits the Conservatives to making cuts and implies that taxes will have to be raised. But there are no specifics given. On the one hand, the lack of detail is frustrating—surely the party would have more of a mandate in government if it was more explicit now about what it was planning to do? Some straight talk would also put to bed the idea that the Cameroons are nothing more than marketing men. But on the other hand, one can appreciate that any specific pledge would hand Labour an issue to campaign on. In private, though, the Tories are beginning to get to grips with what they will need to do.

There's an intriguing story in today's Times suggesting that the Tories may "backtrack" on some defence spending commitments, and are thinking about shelving the Trident replacement.  Here's a snippet: "Liam Fox, the Shadow Defence Secretary, pledged last year to protect the three most expensive equipment programmes: aircraft carriers, an armoured vehicle system known as FRES and Britain’s nuclear capability. He also indicated his desire to expand the Army by 10,000 soldiers. An aide to Dr Fox said this week that commitments 'had been superseded' by plans for a Strategic Defence Review (SDR) after the election. George Osborne, the Shadow Chancellor, also warned that a Conservative government would have to make “some difficult decisions” on military procurement.

"What did he mean by that?" is the question one is left with after reading Derek Simpson’s interview with the Mirror. Simpson tells the paper that New Labour is dead and that "if you could convince me there is somebody who could take over and go down the Old Labour route without hesitation I'd share the view that if Gordon is not prepared to do it he should stand aside and let that person do it. That could save the Labour government.” This is, to put it mildly, rather off message and Unite have rushed out a statement this morning saying that Brown has Simpson’s “full support” and is the “only choice” to lead Labour into the election. But it doesn’t deny what Simpson said.

A neat little anecdote in Steve Richards' column this morning: "When David Cameron bumped into Charles Clarke at the end of the summer, the former Cabinet minister told the Tory leader in relation to the attempted coup: 'Don't worry... we'll be back'. Cameron replied to him only half jokingly: 'That's exactly what I am worried about'.