Isabel Hardman

Isabel Hardman

Isabel Hardman is assistant editor of The Spectator and author of Why We Get the Wrong Politicians. She also presents Radio 4’s Week in Westminster.

Friday

Isabel Hardman

All will and no way for the eurozone crisis

From our UK edition

Mario Draghi's announcement yesterday that the ECB would 'do whatever it takes' to preserve the euro certainly cheered markets up - but only for a while. Interest rates for Spanish 10-year bonds dropped below the danger threshold of 7 per cent and the euro gained two cents against the dollar. But the more eagle-eyed spotted that this only returned the state of play to where it was on Friday. Draghi's words were designed as a hint to traders that the ECB was open to emergency support for Spanish and Italian bond markets. But Reuters is now reporting that Spanish economy minister Luis de Guindos suggested in a meeting with German finance minister Wolfgang Schaeuble last Tuesday that Spain might need a full bailout worth €300 billion.

Isabel Hardman

Olympic Boris

From our UK edition

Boris Johnson is one of the few politicians in the world able to clamber up on a concert stage in Hyde Park, take the mic, and whip a crowd up into a frenzy as he did last night. If you haven't seen the Mayor of London sending Londoners wild with excitement while mocking Mitt Romney, it's well worth watching below: It's impossible to imagine any of the members of the Cabinet managing to carry any of this speech off with any dignity at all, let alone the panache that Boris possesses. A Ken Livingstone Olympic rally might have struck a rather different tone had London voted in a Labour mayor in May. When Boris solemnly stalked down a road in Clapham a year ago, waving a broom aloft, he managed to turn around the mood of a crowd which had just seconds before, been booing him.

Thursday

Isabel Hardman

The Romneyshambles road show

From our UK edition

David Cameron broke with Downing Street tradition today by meeting Republican presidential candidate Mitt Romney. But Romney might now be wishing that, like François Hollande, he'd been snubbed by the Prime Minister until the elections were over. He started his day with forgetting Ed Miliband's name, calling him 'Mr Leader' instead when the two met. That wasn't too bad: it's not as if British people, or indeed the media, can remember what the Labour leader is called half the time, anyway.

Isabel Hardman

Warsi cleared of expenses allegations

From our UK edition

The Lords Commissioner for Standards has cleared Baroness Warsi of allegations that she wrongly claimed expenses for staying rent-free with a friend. Now that this has been cleared up, and Sir Alex Allan has already exonerated her from any allegations of impropriety for allowing a business partner to accompany her, Warsi has a clean slate to present when it comes to September's reshuffle. The Prime Minister said that the Conservative Party co-chair would lead a 'big summer of campaigning for the Conservative Party' in the run-up to the police commissioner elections, but that still leaves the door open to a new task in the autumn. Paul Waugh reported yesterday on his blog that Warsi could take over as International Development Secretary, which he describes as 'in many ways her dream job'.

Isabel Hardman

Lib Dems block further welfare cuts

From our UK edition

One popular prediction swirling around Westminster this morning is that part of the Government's response to the GDP disaster will be to cut more money from the welfare budget. After all, George Osborne told MPs in his Budget statement that there would need to be a further package of £10 billion cuts in welfare spending over the period of the next spending review, and the IMF has made similar noises, too. But I understand that this is not going to happen because the Liberal Democrats will not let it go through. Sources are emphatic that those at the top - Nick Clegg, Danny Alexander et al - have blocked the £10 billion of cuts for this parliament. 'It's just not going to happen,' says one senior party figure.

Isabel Hardman

The post-GDP sleeve-rolling begins

From our UK edition

David Cameron is using the Olympics today to strike a more upbeat tone after yesterday's GDP gloom. The Prime Minister is speaking at 10am at a global investment conference to pitch for business from 180 chief executives from around the world. Cameron will tell the conference that he is 'determined that Britain will be on of the great success stories' in rebuilding its economy, and will say: 'There will be no more passionate supporter of Team GB than me. But I've got a job to do this summer. And a big part of that job is to get behind British business… and do everything I can to help secure the trade and investment that will help get the world back to sustained, global growth.

Wednesday

Isabel Hardman

The work experience Chancellor

From our UK edition

Lord Oakeshott has just sparked some outrage by arguing on the World at One that George Osborne, who he described as a 'Chancellor on work experience' should be replaced by Vince Cable. He said: 'I do think that George Osborne, he's got no business experience, he's never worked outside politics, and you know, he's doing surprisingly well for a Chancellor on work experience, but really in a torrid time like this I think we do need the absolute best people available.' A now-backbench Lib Dem peer announcing he would like to see a Lib Dem leading the Treasury team isn't exactly the most surprising revelation. But what was interesting was the way Danny Alexander, who appeared a few minutes later on the programme, handled Oakeshott's suggestion.

Isabel Hardman

The blue vs yellow fight to make green policy

From our UK edition

Ed Davey has managed to win his first major battle as Energy Secretary - against the might of the Treasury, no less. James blogged earlier in the week that the battle between Lib Dem and Tory on cutting subsidies for onshore wind generation would be a test of how well the coalition is actually working, and this morning's report in the Financial Times that George Osborne and Davey have managed to find a compromise is an illustration of that partnership in action. The newspaper reports that the dispute became so heated that Nick Clegg and David Cameron intervened to hammer down a final agreement.

Tuesday

Isabel Hardman

Back to tax basics

From our UK edition

David Gauke was only elected in 2005, but it's impossible that he can't remember the Back to Basics campaign, and how well that moral campaign worked out for the Conservative Party. Its 1993 launch precipitated revelations of all kinds of non-traditional behaviour in the party, from affairs to cash for questions. Had the Exchequer Secretary who bears the outstanding achievement of being named Tax Personality of the Year thought about the damningly long list of revelations that the Major government had to endure, he might have thought twice before declaring that it was 'morally wrong' to pay your plumber or cleaner cash-in-hand.

Isabel Hardman

1,200 extra troops to calm Olympic concerns

From our UK edition

Ministers held their daily Cobra meeting this morning to check the progress of the Olympic preparations, with just three days before the opening ceremony. Following the meeting, Jeremy Hunt released a statement - about 15 minutes after the Crown Prosecution Service announced the latest charges in its phone hacking investigation - which started by describing how London 2012 'remains very much on track'. The statement continued to describe the arrival of the athletes, praise for the organisation of the Games from International Olympic Committee president Jacques Rogge, and the rising numbers of staff provided by beleaguered security firm G4S.

Isabel Hardman

Phone hacking: today’s charges

From our UK edition

The Crown Prosecution Service this morning charged eight suspects in relation to phone hacking. These suspects, including Rebekah Brooks Andy Coulson face a total of 19 charges, which I've set out below. Rebekah Brooks, Andrew Coulson, Stuart Kuttner, Greg Miskiw, Ian Edmondson, Neville Thurlbeck and James Weatherup are all charged with conspiring to intercept the voicemail messages of well-known people and/or those associated with them without lawful authority from 3 October 2000 to 9 August 2006. Private investigator Glenn Mulcaire, who is the eighth person charged today, does not face this first charge for legal reasons, but four charges relating to Milly Dowler, Andrew Gilchrist, Delia Smith and Charles Clarke have been made against him today.

Isabel Hardman

Bandaging up the eurozone’s wounds

From our UK edition

The approach of eurozone leaders to the crisis in their region has so far been a piecemeal, sticking plaster approach. But this morning, calls are growing for big and effective bandages to bind up the wounds before it is too late. Late last night, ratings agency Moody's warned that the size of those bandages was so big that containing the shock of a Greek exit from the euro would come 'at a very high cost', and that 'greater collective support' for Spain and Italy would place a heavy burden on those eurozone members with higher credit ratings. Hence the downgrades from the agency for Germany, Luxembourg and the Netherlands, while Finland retained its Aaa stable rating. Moody's gave these two reasons for the rating changes: 1.

Monday

Isabel Hardman

Why Miliband doesn’t need to agree with Nick

From our UK edition

Ed Miliband's comments in the Independent today were clearly based on the assumption that Nick Clegg will not be around if and when it comes to negotiating a possible Lib-Lab coalition in 2015. Vince Cable has already thrown his fedora into the ring to be the next Liberal Democrat leader, and Miliband backed the calls for a change of chief in his interview today. 'I would find it difficult to work with him,' he said, when asked about Clegg. Clegg cannot go from being Deputy Prime Minister in one government to Deputy Prime Minister in the next: it would look ridiculous. A coalition with Labour would also not suit Clegg's own political leanings, which makes Cable's not-so-covert bid all the more plausible.

Isabel Hardman

The caveats to nil Zil lane usage for ministers

From our UK edition

How many ministers will be using the Zil - sorry, Games - Lanes during the Olympics? The Prime Minister's official spokesman said this morning that the lanes would be used on a flexible basis, and that ministers would stick to public transport. 'The approach is that where possible they will use public transport,' he said, but he added that 'operational or security reasons' might mean ministers are forced to use the lanes. 'Operational' and 'security' offer a conveniently wide range of situations in which someone might have cause to hop in the ministerial car and zoom down a clear road,  including the tube being too rammed with tourists for a minister to make his or her meeting on time.

Isabel Hardman

Cameron to meet Mitt

From our UK edition

Downing Street confirmed today that the Prime Minister will meet US Republican presidential candidate Mitt Romney in Downing Street this week. It sounds like a sensible plan, given Romney is so close to Obama in the polls at present. But there's just one tiny little problem. I have, in my shorthand notes from a lobby briefing on 5 March 2012, a quote from the Prime Minister's official spokesman, which says the following: 'As a general rule we do not meet candidates in foreign elections.' Then the spokesman was talking about David Cameron's failure to meet François Hollande, who was in Britain while campaigning against Nicolas Sarkozy for the French presidency. So why the difference?

Isabel Hardman

The new rebel PPS

From our UK edition

Tim Montgomerie has some excellent intelligence on ConHome this morning that Francis Maude is about to gain a new PPS. The Cabinet Office Minister's former aide was Angie Bray, who was sacked after voting against the government at the second reading of the House of Lords Reform Bill. But Maude's replacement PPS, Stuart Andrew, is also a rebel. He was one of the 81 who defied the three-line whip in the autumn to vote for a backbench motion calling for a referendum on Britain's relationship with the European Union. As Tim points out on his blog, this is a sign that rebels might still have a hope of a job in the forthcoming reshuffle.

Isabel Hardman

The UK Border Agency’s Bermuda Triangle

From our UK edition

Bringing the UK Border Agency to heel has been one of the mammoth tasks facing ministers since the coalition formed. Ministers have recently been rather keen to suggest that backlogs in claims and migrants disappearing without a trace were coming under control - Immigration Minister Damian Green said at the start of this month that 'we have gripped it and dealt with' the problem of people overstaying their visa, for instance.

Friday

Isabel Hardman

Fears grow over Spanish bailout

From our UK edition

The market data on Spain this afternoon suggests that the bailout sticking plaster agreed earlier by eurozone finance ministers wasn't big enough to cover the wound even for a few hours. Ministers have signed off on the deal to lend Spain €100 billion to recapitalise the country's banks, but the IBEX is down 5.8 per cent - its biggest one day drop for two years - and Spanish 10-year bond yields have crept further into the danger zone, and are now at 7.28 per cent. Markets were unsettled by Valencia's announcement that it would need to apply for financial help from the Spanish government. The region is heavily indebted, and needs to repay €2.85 billion of debt by the close of this year.

Isabel Hardman

More smoke from the Libor fire

From our UK edition

A new cache of emails released today by the Bank of England reveal its deputy governor Paul Tucker was warned that it was 'plausible' that Libor rates were being 'influenced by commercial incentives'. Tucker insisted in his appearance before the Treasury Select Committee that he and colleagues 'thought it was a malfunctioning market, not a dishonest one'. But an email sent by an unnamed official to Mr Tucker on 22 May 2008 points to a possible manipulation of Libor.

Isabel Hardman

Hunt praises G4S

From our UK edition

Jeremy Hunt has given an interview to House magazine this week which is well worth a read, not least because he deals rather graciously with the failure of his Liberal Democrat colleagues to support him when his back was against the wall over Murdoch. Even though Lib Dem ministers and MPs abstained on a vote calling for him to be referred to the independent adviser on ministers' interests over his contact with News Corp during its takeover bid of BSkyB, the Culture Secretary says: 'I never interpreted it as a personal thing.