Fraser Nelson

Fraser Nelson

Fraser Nelson is a Times columnist and a former editor of The Spectator.

More bad news for Brown

I’m in the Sky News green room, preparing for an 11.30pm paper review. The front pages coming in could be straight from Gordon Brown’s nightmares.  “Consumer crunch” says The Times in huge type: mortgages up £150 a month, holidays up, petrol 107p a litre and bread up 25p in a year. Its the best way

Will borrowers be spared?

Don’t breathe easily. Apart from the lucky minority with mortgages linked to Bank of England’s base rates, today’s rate cut won’t alleviate the mortgage industry misery. The city expected this cut and many expected a larger one, so the all important Libor interbank lending rate remains sky high. As Anatole Kaletsky says today, the pain

Five steps to denial

Here is Gordon Brown’s five-step plan to escape blame for the credit crunch. 1) Blame America for the credit crunch, present Britain as the innocent victim of a global storm. 2) With a straight face, claim the economy is well-placed to withstand the crunch, even though the UK household debt/income ratio is the highest in the

Out of touch | 8 April 2008

Is Gordon Brown on a mission to prove he is out of touch with what’s happening in the economy? First he tells us inflation is at a record low. Today he offers a £1,500 incentive for certain groups of people to enter a shared equity scheme to buy a house. But today the Halifax shows

An urgent need for change

We hear phrase “market failure” often enough – but (as Michael Prowse once said) government failure is far more common. The most egregious example is education – and David Cameron says in his press conference today with Michael Gove. Here are a few facts they highlight today in their document (read it here): 1) Some

Brown does cool. Fails

As it’s Friday, here’s some entertainment – the interview Gordon Brown gave to Radio One’s Newsbeat last year (newly added to YouTube). The interviewer, Rajini Vaidyanathan, specialises in leftfield questions and often gets hilarious results. After asking if he was a “grumpy, dour backstabber” (he was prepared for that one) she asked the then Chancellor

The credit dichotomy

If you haven’t already, do read our latest cover story. The Telegraph follows it today, and Robert Winnett has a good analysis about the problems piling up on these voters Labour had come to rely on.  Some CoffeeHousers have asked: is it so surprising that the sub-prime crisis is concentrated in poorer areas? Of course

Fixing it

The appalling story of how the Tory Party fixes its MEP candidates is told on ConservativeHome. This won’t be picked up on Fleet Street, as MEPs are such a boring business. But it raises serious questions about the Conservatives’ commitment to localism in running the country, if this is how they treat their own party members.

Where are Britain's unexploded sub-prime bombs?

Of all the scary economic forecasts we’ve heard recently, perhaps the most chilling is the idea that we’re nine months behind America on the credit crunch. What would it mean for us? And what political effect might it have? In tomorrow’s magazine, George Bridges, former campaigns director for Cameron, does for us what politicians do

April Fools?

The hallmark of this ridiculous government is the difficulty one always has on 1 April trying to discern which newspaper stories are April Fools. The Guardian tickles our ribs in suggesting that Carla Bruni is being recruited in Brown’s Government Of All the Talents as some kind of fashion tsar. Is that so much more

Trimming government

Was Alan Milburn on to something? When he proposed slashing Whitehall by a quarter in his interview with me for this week’s magazine – on the grounds that you can only take bureaucrats’ power away if you send them away – I imagined he was just stirring things to be mischievous. But now Matthew Taylor,

Decoding Lewis

It’s always a pleasure when a Labour MP – panicked about impending defeat – ruminates about the future for their party strategy. It’s rarer for a minister to do so – which is why Ivan Lewis’s piece in Progress (picked up in today’s News of the World) is worth reading. Here’s my decoder: 1) “We

Was Jesus left wing?

I summarised Radio Four’s “Thought For The Day” as being “Jesus was left-wing too”. Yet a CoffeeHouser says Jesus was the first socialist and has challenged me to find one passage in the Bible suggesting otherwise. My offering is a passage from the First Book of Samuel (okay, pre-Jesus) where God warned him against big

Radio select

Do you ever wish you could listen to the best bits of Radio Four’s Today Programme while skipping the dross? Just as Sky Plus has transformed television by allowing you to fast forward the adverts, I have recently acquired a radio that does the same: Evoke-3 by Pure has this same “live pause” facility So

Cameron talks tax

David Cameron has an interview with tomorrow’s FT where he comes up with lots of reasons why there will be no tax cuts. Here’s the gist. 1. The tax burden is a not a useful yardstick to judge a government by. As he says: “Using the tax burden is never a good idea because you

Richards for the New Statesman?

Has Times Online just scooped Media Guardian on a media story? Sam Coates has a one-liner in Red Box saying that Steve Richards (one of CoffeeHouse’s favourite columnists from the other side) of the Independent and GMTV is off to replace John Kampfner as editor of the New Statesman. It’s our opposite number in the

Brownies galore at PMQs

My, what a lot of Brownies. I can only assume today’s PMQs was one of those weird things, where no two people can agree. Many of my colleagues in the press gallery thought it was dull. I was riveted. Cameron was taking Brown on home turf and having him resort to his litany of fake

Under fire

After Hillary Clinton’s hilarious “mis-speak” – whereby she concocted a story about arriving in Bosnia under sniper fire – the betting markets have moved again towards Barack Obama, who is now the clear favourite to become president (Obama – evens; McCain – 6/4; Clinton – 7/2). No wonder she got on so well with Cherie