Jonathan Jones

Barack Obama's budget plan has become a political debating point on this side of the Atlantic. Ed Balls set the ball a-rolling in an article for the Guardian this morning, which effectively claimed that the President isn't planning to cut the deficit as quickly as George Osborne is. "The truth is that it is Osborne himself who is isolated," is how he pugnaciously put it. But the Tories' Matthew Hancock has since responded — on Coffee House, as it happens — arguing that, actually, the Obama Plan is simpatico with what Osborne is doing. By way of hovering above the red-on-blue scrap, we thought we'd put together a comparison of Osborne's and Obama's budgets for the benefit of CoffeeHousers.

13 years ago, The Spectator carried an interview with Nigel Lawson in which he gave his views on the EU’s Economic and Monetary Union – views that seem especially prophetic today. ‘It’s going to be very nasty’, Christopher Fildes, The Spectator 2 May 1998 The Nigel Lawson Diet now seems to suit its inventor. Gone are the days when I had to defend him as chancellor against his girthist critics. Then he fell out with Margaret Thatcher – at first, over Europe. He wanted to put the pound into the exchange rate mechanism: she would not hear of it. Now I catch up with him at the House of Lords, in one of its fine rooms that the Lord Chancellor has not yet collared, looking out across the river. Europe is still on our minds.

Yesterday, parliament asserted its supremacy before the European Court of Human Rights. As Ross Clark explains, it has been a long time coming. The Final Indignity, 10th November 2001 by Ross Clark It wasn't so long ago that the very mention of the words 'European Convention on Human Rights' in conservative circles was enough to provoke frothing at the mouth. Of all the horrors to emanate from the Continent, here was the final humiliation: British ministers ordered around by the bigwigs of European justice. No longer would we be able to beat our children or tell them that they can't wear earrings and Motorhead T-shirts to their Latin lessons. Murderers, rapists and all would be let loose on the streets, their incarceration ruled illegal on some technicality.

Last night the Southbank Centre hosted its second “Think Tank Clash”.  As last year, it was a sell out event, and saw representatives of six of the country’s top think tanks take each other on in three debates.  These debates were ably and wittily compared by writer John O’Farrell and the winners determined by audience vote.  The winners of each “clash” then competed in a three-way discussion to determine the overall top tank. Round 1: “Revenge” – Res Publica v Demos Res Publica founder and director Phillip Blond commenced by making the case for breaking up the banks. He argued that the current system does not distribute capital, but rather concentrates it, thereby “strangling real business”.