Fraser Nelson is a Times columnist and a former editor of The Spectator.
The Bond Bubble is growing even larger over Britain, pushing 10-year yields down to 2.1 per cent. The FT splashes on it this morning, and uses the “safe haven” line, which is also being advocated by the Conservatives. Understandably. If I were George Osborne, I’d spin this as a standing ovation from the markets for
The Irn Lady pulled through – and the Scottish Conservatives survived. Had Murdo Fraser won, he would have renamed the party and left David Cameron running an England-only Conservative party. Yes, I can also imagine how much that would have upset them. But the day has been saved. The kickboxing Ruth Davidson, committed to reviving
The pledge to almost double Britain’s international aid budget was made in the boom years, when the government actually had money. In the bust, there is something deeply strange — almost perverse — about borrowing money from China and giving it to India. It’s time to reassess Britain’s aid commitment, and The Spectator is having
Today, if the United Nations is to be believed, the world population will reach seven billion. Almost as many words have already been written about the perils of a booming population, about how humans are bad for the environment and how — if current trends are extrapolated — the entire Western world will end up
“The Deputy Prime Minister, Nick Clegg, will today announce proceeds from the government growth fund which will protect or safeguard 200,000 jobs.” This sentence contains everything that’s wrong about this government’s schizophrenic approach to economic recovery. Rather than cut taxes and let the economy grow, they increase tax — and then give people back a
How much does public opinion on Europe matter? A poll for today’s Sunday Times found that 41 per cent want out of the EU and on the BBC1 Politics Show today, Jon Sopel confronted Douglas Alexander with this statistic. Wee Dougie replied that, on Monday’s vote, he was in the “no” lobby with the leaders
John Humphrys last night presented a documentary on welfare, the single most important topic in Britain. It was excellent, and I’d recommend CoffeeHousers watch the whole thing (on iPlayer here). Humphrys is a great presenter, himself the product of the now-forgotten days of social mobility when a kid from a working-class district (Splott in Cardiff)
The long flight from Australia should give David Cameron plenty time to think about Europe, and how it just won’t go away. He didn’t want this battle — not now, not ever. But in the Daily Telegraph today, the first in what will be a weekly column, I lay out the battlefield that awaits him
So much rot has been said about the Eurozone crisis that you do wonder whether Merkel, Sarkozy et al have come to believe their own spiel. This is an economic problem and it can’t be solved by political will. Greece is bust and several French, German and Dutch banks were stupid enough to lend €130
It’s just baffling. The House of Commons committee on energy has today published a report entitled “UK Energy Supply: Security or Independence?” with hardly a mention of the 200 trillion cubic feet of Shale gas recently found outside Blackpool. As Matt Ridley wrote recently in his definitive Spectator piece, these reserves – if exploited –
One of the reasons I wanted an inquiry into the riots was to try to avoid headlines like today’s. Information will out — what matters is how it’s presented. The Daily Mail’s front page today (followed up by its rivals) says that those imprisoned for the riots hail from 44 different countries. The most striking
Lucky David Cameron. His chance to repatriate powers from the EU will come sooner than he thought. Now the latest EU summit is over, it looks as if there will indeed be change to the Lisbon Treaty — the very document that the Prime Minister and William Hague promised Britain a referendum on. Last night,
Even after reading Jonathan’s post, I struggle to see the strategy in David Cameron’s position with his party over Europe. The motion is non-binding, and Miliband has three-line-whipped his party to vote against so there was zero chance of the motion passing. It is the result of a petition to parliament, so you can’t write
What is the Queen’s secret? She seems to defy political gravity. Right now, an English monarch is in Australia being feted by her subjects, who seem delighted by this very un-modern constitutional arrangement. Paul Keating, the former Prime Minister of Australia, recounts in The Times today the time he advised the monarch to let go.
CoffeeHousers may remember an odd New York Times editorial recently where they tried to blame the evaporation of British economic growth on austerity. Perhaps the newspapers’s famed fact-checkers had taken the day off, because the slightest piece of research would have exposed the premises of the piece as bunkum. This morning, the ONS has produced
Now that Gaddafi has been killed, which television station will the world turn to? I suspect that, right now, Al Jazeera will be on in No.10 and the White House, and indeed television sets across Asia and India. At a time when the BBC is retreating from global news, its Doha-based rival is expanding —
Yesterday, Lord Wolfson — the new Tory peer and CEO of Next — made an extraordinary offer: £250,000 of his own money to whoever comes up with the best plan to break up the Euro. It’s the second biggest prize in economics, after the Nobel, and a great and patriotic idea from Wolfson, an original and
How big does Shale have to get before our policymakers wake up to its implications? There is an Energy Summit in No.10 today where Chris Huhne wants to focus on the need “to help consumers save money on their gas and electricity bills”. A preview interview on the Today programme underlined the dire situation. First,
Meanwhile, Alex Salmond’s journey is going depressingly well. The SNP conference starts in Inverness on Thursday and a ComRes poll today suggests 39 per cent are in favour of independence, against 38 per cent against the idea. Not a freak: a poll last month by TNS-BMRB produced the same results. Hardly an overwhelming endorsement, but a reminder
It’s official: Philip Hammond is the new Defence Secretary and it’s a wise choice. The tough work: making the cuts, axing Nimrod, leaving the east coast undefended etc.: has been done. I doubt Cameron would have been able to get that little lot past his party as easily had it not been done by Liam
