Fraser Nelson is a Times columnist and a former editor of The Spectator.
From our UK edition
The environmental lobby should be the happiest people in Britain right now. The more people laid off, and the poorer people become, the greener this country will get. All that nasty consumption, and economic growth: kaboom! No more. Those Indians and East Asians who looked dangerously like they were about to upgrade from mud huts
From our UK edition
I’ve noticed that Gordon Brown has stopped bragging about how this recession is not as bad as 1990s. And with good reason. It’s far worse – and not just because unemployment and repossessions are rising more quickly. It’s summed up in a graph – and CoffeeHousers who are into this sort of thing may find
From our UK edition
Perhaps George Osborne regularly serves meatloaf at the powerbroking soirées he hosts at his west London house. But when this detail about the food served at his lunch with David Cameron and Kenneth Clarke was briefed to the press it did seem a bit odd. Perhaps the shadow chancellor suspected Kenneth Clarke would want something
From our UK edition
Many of you expect Gordon Brown to lie so much that it’s not worth reading a rebuttal of his half-truths, exaggerations and Brownies. Me, I’m addicted. And fascinated. He’s a very clever guy, whose excuses and fake narratives are carefully constructed. He’s also deeply unoriginal, so whatever new excuses he cooks up we can expect
From our UK edition
Although it hasn’t been going long, LabourList is already brightening up the blogosphere. They seem up for a genuine scrap, as opposed to the hysteria and name calling that the left often succumb to. It has challenged me to explain Alan Duncan’s claim that Obama is in a better position to launch a debt-fuelled stimulus
From our UK edition
When I met Chris Grayling last week, he was about the only member of the shadow cabinet who looked relaxed rather than as though he was nervously awaiting news of the reshuffle. His work on welfare reform had been hailed widely enough for him to feel secure. ‘I’d like to stay in this department. I’m
From our UK edition
Britain is now as likely to go bust as RBS – this is the official verdict of the markets. At the bottom of this post is Bloomberg’s Graph of the Day, which shows how Britain’s dodgiest bank and Europe’s dodgiest government now have the same “credit default swap” rating – the yardstick the markets use to guage
From our UK edition
How’s this for a frank assessment of the UK economy? “I would urge you to sell any sterling you might have. It’s finished. I hate to say it, but I would not put any money in the UK”. It’s by Jim Rogers, who co-founded the Quantum Fund with George Soros. The markets agree with him – the pound is, again,
From our UK edition
Ken Clarke walked back into the chamber to cheers as if he’d just won a by-election, itself an indication of how little we’ve seen from the man who took an MP’s salary for the last 11 years but has seldom been seen around the House. It was his first time, ever, on an opposition front
From our UK edition
For me, this reshuffle is blemished by the puzzling decision to make Theresa May shadow work and pensions secretary. Welfare reform is, by some margin, the toughest task in politics. If Cameron was genuinely planning to go through with it, he’d realise it would be his single most important departmental appointment. You’re talking about liberating millions
From our UK edition
There’s a scene from Superman: The Movie which sums up the problem with the banking bailout. As the eponymous hero catches Lois Lane falling from a skyscraper, he says ‘Easy miss, I’ve got you’. She replies ‘You got me? Who’s got you?’ So it is with the Gordon Brown and the banks. The bailout plan is intended
From our UK edition
So it’s official – Ken Clarke is back in a reshuffle to be announced tomorrow, replacing Alan Duncan as Shadow Business Secretary. Clarke promised to behave over a lunch with Cameron and Osborne yesterday. He apparently told them he does not accept the party line on Lisbon or the EPP, but will shut up about
From our UK edition
The game is up for Brown. Cameron’s lead has doubled to 13 points, and that’s even before he’s got back in his stride. It’s fairly obvious what’s going to happen next: Brown will cling on, fight, lose then quit. Perhaps he’ll lose by a little, perhaps by a lot, but he’s toast. Then Labour’s fighting
From our UK edition
David Cameron has long been keen for his shadow Cabinet to exude greater empathy with recession-struck Britain — and he has inadvertently succeeded in one important regard. Most are now fearful of losing their jobs. The coming reshuffle is being spoken of like a vicious redundancy plan that could claim any scalp at random. Frontbenchers
From our UK edition
It’s bloody depressing being a columnist right now. The meltdown is easily the most important topic, but how many variants of this can you produce before readers give up? Or think they have read it all before? I was going to give you the latest economic horror story of our L-shaped downturn but instead I’ll
From our UK edition
Will Gordon Brown’s stimulus serve only to suck in more immigrants? The Prime Minister should ask himself this as he visits the London Olympic 2012 site – it’s a classic example of the problem. Sure, there have been plenty of jobs created by the construction. But which English borough registered the biggest increase in National
From our UK edition
If the Tories really didn’t want a third runway at Heathrow they should have called for one. That would have stopped Gordon Brown. He is only going ahead because he thinks it will draw a dividing line between the supposedly pro-business Labour and naïve tree-hugging Tories. And I confess that I started out being in
From our UK edition
Another good day for Gordon Brown – not because anyone watching PMQs from the gallery would have been inspired (not even Lord Mandelson) but because he has so much to be guilty about and brushed a lot of it off. The highlight of this PMQs was about how the two party leaders use the recession as weapon,
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Now that Brown has copied the Tory proposal to underwrite bank loans, what’s the real picture on interest rates? Since the UK debt crisis started, the Bank of England base rates have become woefully detached from the rates charged to real people. This is powerfully summarised by three graphs from Citi, which I reprint here..
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Superb poster by the Tories which makes debt into a real, human issue (just as Coffee House urged him to in November) – a picture of a baby with the words “Dad’s nose, Mum’s eyes, Gordon Brown’s debt”. It calculates that a baby born today will owe £17,000 – and there is no exaggeration here. Brown repeatedly claims
