Fraser Nelson is a Times columnist and a former editor of The Spectator.
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“Inflation destroys nations and societies as surely as invading nations do. Inflation is the parent of unemployment. It is the unseen robber of those who have saved. No policy which puts at risk the defeat of inflation – however great the short-term attraction – can be justified”. That was Margaret Thatcher, speaking in 1980 when
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As James Forsyth says today, No10 wants Bill Bratton to not just take charge of the Met but start a revolution in policing. A ‘Stop Bratton’ campaign has duly begun with Sir Hugh Orde, himself a candidate for the job, saying that he’s not sure he wants to “learn about gangs from an area of America
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CoffeeHousers have been generous in their response to my post on the need for an inquiry. I thought I’d respond in a post, rather than the comments. 1) Why rush to think that poverty is the problem? Rhoda Klapp raises this very good point. In 1996, American academics looked at various riots round the world
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Today we learnt that David Cameron is looking at the experience of Los Angeles’ recovery from the 1992 riots. The first lesson he should learn is the value of an inquiry, as Ed Miliband suggests. Californian policymakers held an inquiry, and it taught them plenty about the nature of modern poverty, urban unrest — and
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The revolution may not be televised, but the riot was tweeted pretty well last night. I was up at 3am (don’t ask), and BBC News hadn’t even interrupted their normal programming. But turning to Twitter, it was all there. Specifically, via two reporters: Paul Lewis from the Guardian and Ravi Somaiya from the New York
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The humbling of America — the cover theme of this week’s Spectator — continues with S&P stripping Uncle Sam of his AAA credit rating. The debt downgrade, it says, “reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary
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A number of papers report today that George Osborne is minded to replace the 50p tax with Gordon Brown’s original proposal: a 45p tax. How the ex-PM will be laughing. As he knows, even the 45p tax will lose money — that’s why Labour didn’t raise the top rate until the final four weeks of
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By now, George Osborne will have seen tomorrow’s GDP figures and I suspect will be having a mid-afternoon whisky. Ed Balls will be warming up for his demands for a Plan B. “Austerity isn’t working,” he’ll say — and will doubtless tour TV studios with his usual bunch of dodgy assumptions which he hopes broadcasters
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Yesterday’s appalling breach of House of Commons security has made the authorities furious – at the person who helped to bring the pictures to the world. He is Paul ‘Gobby’ Lambert, the BBC fixer who owns the voice you normally hear shouting questions at politicians as they prowl about Westminster. Gobby is known and loved by the best MPs, but
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All hail, Wendi Deng. It took her a split second to attack the guy hurling a pie at Rupert Murdoch, slapping so hard that the sound was picked up by the cameras. According to the BBC’s Nick Robinson she then started shouting “I got him, I got him.” First tiger mums, now tiger wives. “Mr
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Addictive though the hacking inquiry is, the average Brit is probably more worried about the slow decimation of his spending power at a time when salaries are flat. Against this backdrop, the price of gold today has broken $1,600 an ounce. With inflation and the Fed’s printing presses whirring, faith in paper money is taking
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British newspapers are haemorrhaging readers and influence, and next Sunday we will see just how much this process has accelerated. That day’s newspapers will — I’m sure — all be making some kind of pitch to orphaned News of the World readers. When Today closed, there was a similar scramble (“Welcome to your place
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The last edition of the News of the World is now out, saying “Thank You & Goodbye”. The first-ever issue of the newspaper (above) is on my wall at home and I’m struck by the consistency. Its mission statement says it aims “to give to the poorer classes of society a paper that would suit
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The most striking thing about David Cameron is how well rested he looks. You wouldn’t guess that he was the father of a ten-month-old baby, let alone Prime Minister. He has no bags under his eyes — unlike his staff. He also seems relaxed. He jovially beckons us in to his Downing Street office and
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It’s The Spectator’s summer party today, and in a rather important year. It was exactly 300 years ago that Joseph Addison & Richard Steele first published the earliest incarnation The Spectator. This blog is named for the coffee houses that had sprung up all over London at that time — the original destinations for The
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We interview David Cameron for today’s issue of The Spectator. Here’s an extended version of that interview for CoffeeHousers: The most striking thing about David Cameron is how well rested he looks. You wouldn’t guess that he was the father of a ten-month-old baby, let alone Prime Minister. He has no bags under his eyes
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Say what you like about Jose Manuel Barroso, he’s a wily old card. The European Commission president makes public demands for Britain to surrender its rebate in European Union membership fees. The government refuses. Then, hey presto! Headlines suggesting that Brussels has been seen off. “Brussels bribe to buy off UK rebate,” says the Daily
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This is a strange old recovery. The News of the World has an interesting ICM poll today, showing that 66 per cent think the economy is getting worse. It’s not: GDP is growing and we have the second-highest job creation in the G7. Rather than losing jobs to China, we’re flogging Coventry-made Jaguars to Beijing
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For years, David Cameron has known that he would have to fight the trade unions and that the outcome of the battle would define his premiership. But neither side expected to fight so soon. The unions had intended to wait until the cuts would be at their deepest and the government was at its least
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British poverty is normally a subject for comedy, rather than documentary. Scotland gave the world Rab C. Nesbitt with his string vest and indecipherable accent. Channel 4 had Shameless, the capers of a family ruled by drink and drugs. The BBC has now brought us the real thing: The Scheme (BBC1, Tuesday), a fly-on-the-wall portrayal