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?
The political story for the moment is the cost of living crisis. But by the end of the year could we be talking about a recession instead? We shouldn’t read too much into one year’s economic growth figures, especially given how often they are revised upwards or downwards. But February’s figures, published this morning, have
Today’s Energy Security Strategy puts energy security at the heart of the debate over energy and environmental policy, where it always should have been. There is little question that the Russian invasion of Ukraine has brought about a big change to the tone of energy policy, but will today’s announcements really wean us off Russian
As they say in the music business, where there’s a hit, there’s a writ. It is something that no one knows better than Ed Sheeran, who yesterday won a legal battle over claims that his song Shape of You plagiarised an earlier song, Oh Why by Sami Chokri and Ross O’Donoghue. The judge ruled that
This week’s rise in National Insurance has caused the government enough trouble, but it faces potentially an even bigger problem next year – when it tries to prise the extra £12 billion raised in NI away from the NHS and use it to fund social care instead. The extra revenue from NI has been earmarked
It is been a familiar story in recent years: a Budget that sounded reasonably good when delivered, but that unravels in subsequent days. Rishi Sunak’s spring statement was no exception. When he delivered it a fortnight ago, he said he was going to compensate low-earners by raising the primary threshold for National Insurance, bringing it
When allied military operations go well or badly, we very quickly hear about them. But what about sanctions? It is about time that we started to ask: are they hitting their target, or are some of them slewing off, out of control, straight into civilian targets? Notionally, sanctions have been a success – or at
Brexit, as Boris reminded us many times during the referendum campaign, would give Britain the power to make its own laws, unencumbered by constant directives from the European Commission. But it will take a long while to disentangle UK laws from the influence of the EU, as the government may be about to discover in
Labour will try all it can to bring up the subject at every opportunity; as will a few backbench MPs. But partygate just doesn’t feel likely to prove fatal to Boris Johnson anymore. War in Ukraine has changed the dynamic: fussing over lockdown parties seems trivial and out of date. Keir Starmer’s continued plugging away
The private motor car is, of course, an environmental vandal which needs to be driven out of our towns and cities for the good of the planet and for the benefit of residents who are being killed by traffic fumes. We know this because we keep being told by some of those on the left
The tank columns are stalled; one or two towns captured from the Ukrainians have been retaken. Russia’s war effort has been going nowhere fast for the past fortnight – unless you count the constant pounding and destruction of apartment blocks a form of progress. But then is the economic war being waged against Russia making
Did Joe Biden mean to threaten Russia with a chemical weapons attack? That seemed to be what he implied at yesterday’s Nato summit when he said Russia using chemical weapons in Ukraine ‘would trigger a response in kind’ from the US. To respond ‘in kind’ means to respond in the same way – i.e. by
Rishi Sunak shared a delightful moment of honesty on the Today programme on Thursday. Mishal Husain asked him how households will cope if, as the Office for Budget Responsibility has forecast, energy bills rise by a further £830 a year – on top of the rises already due to take effect in April. No, no, no,
Labour’s Chris Bryant was quick to try to scotch Rishi Sunak’s claim that it was only thanks to Brexit that he was able to remove VAT on a number of home energy improvements, such as the installation of solar panels. Within a few minutes of Sunak making the claim, Bryant had tweeted: ‘Contrary to what
There was a time when a chancellor would have bitten off the hand of a national statistician who offered him an inflation rate of 6.2 per cent. But that takes us back to the days of Denis Healey and the early months of Geoffrey Howe’s time in Number 11. There is little disguising this morning’s
It goes without saying that sacking your entire staff via a ten-minute video call while their cheaper, foreign replacements sit outside in buses is a pretty disgusting way to treat people. True, P&O’s cross-Channel operation has been rendered unprofitable as a result of Covid, but this wasn’t a case of a headcount reduction or management
Remember Neets, the mainly-young people who are ‘not in employment, education or training’? A decade ago they were seen as a group which had grown at alarming speed during the economic crisis on 2008/09. Many older people, by contrast, were continuing to work for longer, possibly as a result of their pensions having diminished in
I almost felt a sense of perverse celebration as the meter clocked round to £100 – the first time I have ever spent so large a sum filling my car with diesel. Not so long ago it was costing me closer to £60. After gas and electricity prices, it is suddenly oil prices which are
It is one thing for western companies, funds, investment trusts and others to promise to divest from Russian assets. But what if the Russian authorities won’t let you? The Moscow stock market has failed to open for a fifth day running. Prior to its closure, it had already plummeted by a third after the invasion
I’m no apologist for oligarchs, whether they be from Russia or anywhere else. I have been writing for years about how dirty money was flooding into London’s property market, helping to price out ordinary people who just want a home. The government should have taken action decades ago to prevent kleptocrats from laundering their money
The price of Brent crude exceeded $112 a barrel this morning. There is, as yet, no interruption in supply from Russia, nor any ban on buying their oil (save for in Canada) – but western companies are reported to be exercising a voluntary boycott. Either that, or they are sceptical of whether their orders will
