Ross Clark

Ross Clark

Ross Clark is a leader writer and columnist who has written for The Spectator for three decades. He writes on Substack, at Ross on Why?

Wednesday

Ross Clark

The truth about Labour’s fiscal black hole

It is small wonder that Treasury officials are unhappy about Conservative claims about Labour tax rises being attributed to them. The civil service is supposed to be neutral, and be seen to be neutral. James Bowler, permanent secretary at the Treasury, who wrote to the Labour party expressing concern that certain figures are being attributed to his officials, will almost certainly find himself having to work with a Labour government in a few weeks’ time.  There is one figure at the heart of the Conservative analysis of Labour’s tax and spending plans which really should be causing concern What the Conservatives have done in making the claim that Labour will saddle households with an extra £2,000 in tax rises might be described as sharp practice.

Tuesday

Ross Clark

The problem with Sunak’s migrant cap

It is perhaps no accident that Rishi Sunak has rushed out his proposal for a cap on migrant workers and their dependants the day after Nigel Farage announced that he was taking over as leader of Reform UK. But you wonder how many votes there really are in a migration cap when Farage is already out there promising to reduce net migration to zero – a new interpretation of net zero, if you like. If you don’t like migration at all, Reform UK would seem to be your obvious choice. If, on the other hand, you are offended by illegal migration while accepting the argument that employers need the right to recruit some overseas workers, then the Tory policy announced today doesn’t seem quite right, either.

Monday

Ross Clark

Nigel Farage’s election U-turn could be deadly for the Tories

No wonder that Nigel Farage has decided that he would rather be leader of Reform UK than merely honorary president, and that he would like another shot at standing as an MP in Clacton. He looks as if he is the only politician – with the possible exception of Ed Davey – who is actually enjoying this campaign. Indeed, he seems to have engaged what used to be Boris Johnson’s secret political weapon: optimism. That could prove to be deadly for the Conservatives. Farage's thin skin seems to have thickened markedly Farage hasn’t always been all smiles on the campaign trail.

Saturday

Ross Clark

Who will survive to lead the Tories?

In spite of his conviction for falsifying business records, Donald Trump is still expected by many to make a remarkable political comeback in November’s US election. Could we see an equally remarkable comeback this side of the Atlantic, too, with Liz Truss returning to the stand for the leadership of the Conservative party? It’s possible to see a scenario where Truss is one of the few hopefuls remaining Today’s Electoral Calculus poll predicting that the Conservatives could be reduced to just 66 seats on 4 July raises the question: who would still be around to lead the party after the almost certain resignation of Rishi Sunak?

Friday

Ross Clark

Labour’s energy plan doesn’t add up

So, we have a little more flesh on the bones of Labour’s energy policy, with the party giving more details of Great British Energy, the state-owned company it wants to set up to invest in wind and solar energy. But there are still gaping holes in Labour’s promise to decarbonise the electricity grid by 2030 – and save consumers money in the process. First to note is that Labour seems drastically to have toned down the claims as to how much its energy policies will supposedly save consumers. Until today it was claiming that it would save us ‘up to £1,400’ a year.

Thursday

Ross Clark

Home insulation is the latest net zero farce

Zoe Godrich of Swansea might best be described as collateral damage in Britain’s glorious march towards net zero. Three years ago, she had her three-bedroom home fitted with cavity-wall insulation – which the government is out to encourage through its Great British Insulation Scheme. Sadly for her, it has not worked out quite as intended. With Labour now promising billions more to retrofit homes with this kind of stuff, what could possibly go wrong? Within weeks of having it fitted, Godrich says her walls started to run with water, and black mould started to form on her walls. She can no longer use two of her bedrooms, and she and her children now have to slum it on mattresses in the one remaining habitable room.

Wednesday

Ross Clark

Why are white men being shamed as transport polluters?

Black women are the worst for carbon-intensive travelling habits, according to the Guardian, citing research by the Institute for Public Policy Research (IPPR). Oh, sorry, I must have misread that. What the Guardian headline actually says is: ‘Wealthy white men are Britain’s largest transport polluters.’ While is poses as scientific inquiry this is really just political activism dressed up in academic clothes But it is worth quoting the other way around because the former is, of course, a headline you will never, ever read – either in the Guardian, an academic paper or anywhere.

Tuesday

Ross Clark

The truth about pensioners and tax

The Tories' ‘Triple Lock Plus’ is a pretty blatant attempt to secure the votes of a demographic group which is more inclined to vote Conservative than any other. That much is clear. The party's proposal would give pensioners a high personal tax allowance to spare them from having to pay income tax as the state pension rises faster than either inflation or average earnings. If the government wants to spare pensioners from having to pay income tax it could, of course, raise the income tax threshold for everyone. But instead, while pensioners are spared tax, the personal tax allowance for working-age people is due to be frozen for another four years. But is it necessarily true that pensioners get the best of everything while the young get screwed over again and again?

Monday

Ross Clark

Private schools can’t complain about Labour’s VAT raid

Of course Labour’s policy of charging VAT on private school fees is all about throwing a bit of red meat to those in the party who are motivated by class envy. Why otherwise expend so much political effort on a policy which in the opinion of the Institute of Fiscal Studies will only raise £1.6 billion a year? And that, of course, is mere guesswork. No-one really knows how the parents of private school pupils will really behave when whacked with a 20 per cent uplift in fees. Even if parents don’t withdraw pupils immediately, many might be tempted to do so at the end of prep school – and it will certainly impact on the decisions of parents whose children haven’t yet reached school age.

Friday

Ross Clark

Why is UK retail doing badly?

This morning’s retail sales figures are not what Rishi Sunak will have hoped for as he pitches his case for re-election on economic recovery. They are yet more indication that Britain has fallen out of love with shopping. Sales volumes were 2.3 per cent down in April compared with the previous month, while the March figure was revised downwards from zero to minus 0.2 percent. Some of this might be connected with the timing of Easter: the holiday weekend straddled March and April, so people will have done their food shopping, Easter egg purchases, filled their car with petrol, and everything else, in March rather than April, but the bigger picture is that retail sales volumes have never recovered from the pandemic – and they continue to fall, down 2.7 percent over the past year.

Ross Clark

The next Bitcoin bubble will be the largest yet

The power of Bitcoin to make and lose fortunes in a very short time is unmatched in history. But could the biggest boom and bust be yet to come? Since January the value of Bitcoin has staged a remarkable recovery, and is now back trading at or even above the highs it reached in 2022. That is all the more remarkable given that its recovery coincided with the trial, and eventual conviction and imprisonment of Sam Bankman-Fried who, following the collapse of his cryptocurrency exchange FTX, is now reported to be on a new venture: trading grains of rice with his fellow inmates at the Brooklyn Metropolitan Detention Center. For his customers, Bitcoin turned into the scam many of the cryptocurrency’s critics feared it would be. So how come anyone wants to buy it now?

Thursday

Ross Clark

The deluge: Rishi Sunak’s election gamble

53 min listen

It’s a bumper edition of The Edition this week. After Rishi Sunak called a surprise – and perhaps misguided – snap election just a couple of hours after our press deadline, we had to frantically come up with a new digital cover. To take us through a breathless day in Westminster and the fallout of Rishi’s botched announcement, The Spectator’s political editor Katy Balls joins the podcast. (01:35) Next: Our print magazine leads on the electric car bust. Ross Clark runs through all the issues facing electric cars today – from China flooding the market with discounted EVs to Rishi Sunak dropping the unrealistic target of banning new petrol car sales by 2030. ‘Could the outlook suddenly improve for British EVs?’ asks Ross. ‘It’s hard to see how.

Ross Clark

Don’t blame climate change for the crummy weather

It was climate change wot gave us such a wet and stormy winter – or so you may have gathered from various reports this week. ‘Never ending UK rain made ten times more likely by climate change,’ declared a Guardian headline. ‘Climate change is a major reason why the UK suffered such a waterlogged winter, scientists have confirmed,’ asserted the BBC. There have also been numerous references to a ‘record stormy winter’ – based on it having the highest number of named storms in, er, the nine years since the Met Office started naming storms. We hear endlessly about the costs of flooding, but not at all about the savings from the declining incidence of strong winds But how much of this reflects reality?

Ross Clark

What happened to the electric car revolution?

China is often characterised as a copycat when it comes to industry and technology but in one way it has proved to be a pioneer. It was China which saw the first boom in electric cars – and it was China that was the first to suffer when demand for them collapsed. The vast graveyards of unsold vehicles found in Hangzhou and other Chinese cities are the result of a huge, subsidised push to manufacture electric vehicles, demand for which has never caught up with supply. Ride-share services bought the vehicles– in a rerun of the great cycle-share fiasco of 2018, which led to piles of unused and unwanted bikes. But private buyers have been notably less keen. Where China leads, the rest of the world seems doomed to follow.

Tuesday

Ross Clark

A crackdown on foreign students isn’t the only reason universities will struggle

Reducing the number of overseas students able to come to Britain would be a needless attack on one of our most successful export industries. But should we really believe David Cameron’s warnings to Rishi Sunak that universities are in danger of going bust if the graduate visa scheme is removed, or reformed (graduate visas give graduates the chance to stay on and work in Britain for up to two years)? The government would be foolish to choke off foreign students Data from the Higher Education Statistics Agency (HESA) does not appear to show any desperate crisis in university finances. On the contrary, their income has shown a steady and healthy, above inflation rise over the past decade.

Monday

Ross Clark

Could Rightmove make the wrong move?

Banks have been cutting fixed mortgage rates, leading to hopes among some people that the housing market – which has been pretty flat so far this year – will soon respond positively. While prices and sale volumes haven’t been going anywhere, last month the Royal Institution of Chartered Surveyors reported that enquiries from buyers have risen to their highest level in two years. The company will have to watch its back for app developers out to steal its business But do short sellers tell a different story? Property website Rightmove, according to a list maintained by the Financial Conduct Authority, is currently the fifth most-shorted stock on the FTSE all-share index, behind online grocer Ocado, retailers Kingfisher and Sainsbury’s and clothing-maker Burberry.

Friday

Ross Clark

Labour and Unite go to war over oil

There is nothing new about battles between the unions and a Labour government. But could a Starmer government be upset by a growing union rebellion from an unexpected quarter? In a move which has been remarkably underreported in England, the union Unite has launched a campaign against Labour’s policy of refusing licences for new oil and gas extraction in the North Sea. The campaign, called ‘No ban without a plan’, demands that Labour suspends the policy. If successful, it means a future Labour government would continue, like the Conservatives, to grant new licences, until it has come up with a plan to create at least 35,000 new ‘energy transition jobs’ in Scotland – equivalent to the current roles held by oil workers.

Ross Clark

Hunt’s tax attack on Labour is sure to backfire

It should come as no surprise that Jeremy Hunt has signalled in a speech this morning that  he will try to make taxation a central theme of the coming election campaign. The tactic has certainly worked in the past. In 1992, fears that Neil Kinnock and his shadow chancellor John Smith would jack up taxes played a big role in a campaign from which John Major’s Conservatives – unexpectedly in many people’s eyes – emerged triumphantly. Five years later, Blair and Brown did not make the mistake of being cast as the high-tax alternative: they promised not to raise any income tax rate, or VAT. The Conservatives have a very big problem when it comes to trying to scare people about possible Labour tax rises Hunt’s claim is that Labour has made £58.

Thursday

Ross Clark

Tony Blair’s Foundation takes Ed Miliband to task over Net Zero

Is Tony Blair, like Margaret Thatcher before him, about to become the voice from beyond the political grave that makes life difficult for his party? Labour’s climate secretary in waiting – Ed Miliband – won’t find a lot of comfort in a paper put out today by the Tony Blair Foundation, Reimagining the UK’s Net Zero Target. The conclusion of the paper, whose authorship is attributed to ‘multiple experts’, is not that Britain should drop its overall target to achieve net zero but that its strategy has become too dogmatic, and revolves around unrealistic targets which, by threatening to make people poorer, are in danger of hurting public support for net zero and setting a damaging precedent for international efforts to tackle climate change.

Wednesday

Ross Clark

What Hunt should really do to stop people claiming benefits

It is hard to deny the assertion made by Jeremy Hunt and the Work and Pensions Secretary Mel Stride that there are plenty of opportunities for people who want to work, or at least for a good number of them. If you want the long-term unemployed to take up jobs, you don’t offer them a little gentle encouragement: you send them on compulsory work placements According to the Office for National Statistics, there were 898,000 unfilled vacancies across the UK economy between February and April – meaning there were 1.6 unemployed people for every vacancy. Not all these jobs will be suitable for everyone, of course: they may not be in the right places, or they may require qualifications which not all unemployed people have.