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?

Is Carney’s growth forecast anything to get excited about?

From our UK edition

It is really worth bothering with Mark Carney’s upgrading of the Bank of England’s growth forecast for 2018 from 1.5 per cent to 1.7 per cent? Carney, you might just remember, warned before the EU referendum that the UK would most likely suffer a technical recession if Britain voted to leave. Even in August of that year, six weeks after the vote, when it was already clear that the economy was not diving into the abyss, he was predicting a sharp slowdown. Growth in 2017, he suggested, would come out at 0.8 per cent. In the event it was 1.8 per cent. We have seen enough forecasts over the past couple of years to realise that Michael Gove was absolutely right when he said during the Leave campaign that the country has had enough of economic experts who try to foretell the future.

The Tesco equal pay claim sets a dangerous precedent

From our UK edition

I have decided that my work is of equal value to that of Claudia Schiffer and that therefore in future I should be paid the same as her. Why not? Okay, we don’t quite do the same thing, but we both get up in the morning, go out and do what we do as best we can. Yet she is paid more than I am, which is indefensible. That is pretty much the basis of the claim by 100 female Tesco shop floor workers who have launched an action against the supermarket claiming that they should be paid the same as men who work in the store’s warehouses. It is discrimination, they say, because their work is of ‘equal value’. It is estimated that, if successful, Tesco could face claims for up to six years’ of back pay for 200,000 workers – amounting to as much as £4bn.

The Today programme has become Woman’s Hour

From our UK edition

Anniversaries are very interesting, of course, but all the same I think a news programme ought to revolve around, well, the day’s news. That is something which increasingly seems to be missing from the Today Programme, once the BBC’s flagship news programme. Overnight, as I have read elsewhere, stock markets have plummeted around the world. Michel Barnier has made further statements on a future Brexit trade deal, again appearing to try to block the comprehensive trade deal which the government, and I suspect most business interests across the EU, want. But these were matters only sketched-over in a bizarre edition of the Today programme which devoted virtually every single item to the 100th anniversary of the 1918 Representation of the People Act.

Tories should imitate – not attack – Jeremy Corbyn’s land policy

From our UK edition

Ever since Labour published its manifesto for the snap election it became clear to me that tackling Jeremy Corbyn is going to require a bit more than simply calling him a bearded Trot. This is because some of his prominent policies, while notionally quite left wing, are actually rather popular with many natural Conservative voters. Renationalising the railways and utilities, ending the automatic contracting-out of public services – you will find plenty of support from people on the right who, while generally sceptical of state intervention, feel that the current arrangements are not a free, open market which offers consumers a genuine choice.

Trumponomics is working

From our UK edition

As Donald Trump makes his State of the Union address this evening his many opponents have an increasingly large problem: the US economy. Whatever else you might say about the President it is becoming impossible to deny that the economy has done extremely well in the year since he became president. Growth accelerated from 1.5 per cent in 2016 to 2.3 per cent in 2017. Most forecasts for 2018 – for what they are worth – see it leaping to around 3 per cent. This is the sort of growth the developed world had become used to prior to the 2008/09 crisis, but which had eluded it in the decade since.

The myth of the 2017 ‘youthquake’

From our UK edition

So was it Corbyn’s appeal to younger voters what swung last year’s general election in his favour?  Not according to the British Election Study  (BES) which today publishes a paper questioning the received wisdom that Labour’s unexpectedly strong showing was down to a surge of support from younger voters who managed to cast off their apathy for the first time.     Indeed, claims the team, the Oxford English Dictionary may have been a bit premature in declaring ‘Youthquake’ as its word of the year.

Theresa May’s stop-and-search shake-up is costing lives

From our UK edition

Theresa May has a very big failure to her name, but strangely few people seem to want to pick her up on it. The latest crime figures show a sharp increase in recorded offences in England and Wales, especially in knife crime, which rose 21 per cent to 37,443 incidents. This continues a trend which began four years ago, since when the number of recorded knife offences has risen by half. It reverses an equally sharp fall in recorded knife crime between 2010, when Theresa May became Home Secretary, and 2014. What happened to bring about the end of what looks like a very successful period of tackling knife crime?

Great Ormond Street is wrong to return the Presidents Club’s cash

From our UK edition

The Presidents Club dinner is not the type of event to which I tend to be invited and neither do I suspect I would go were I to be asked – although in truth that is as much down to my native tightfistedness as to the reports of boorish behaviour from this year’s event. I don’t like the idea of anyone trying to get me drunk in order that I might lose my inhibitions and start writing a very large cheque for charity, however worthy the cause. I would rather make my charitable donations when sober, thank you very much. Were I running a charity, on the other hand, I would be extremely grateful that such events exist.

The great plastic panic

From our UK edition

Has an albatross ever wielded so much influence? The bewildered chick who regurgitated a plastic bag in front of Sir David Attenborough’s camera crew — fed to him by his mother after she had scooped it from the sea — has caused one of those regular ructions in public opinion. The supermarket chain Iceland has announced it would phase out all plastic packaging from its own-brand foods. The compulsory 5p charge on supermarket plastic bags is to be extended to all shops in England and a 25p ‘latte levy’ may be put on coffee cups containing plastic. Plastic ‘microbeads’ have been banned from cosmetic products. Such initiatives are largely a reflection of a sudden and violent public concern over plastic.

Has the era of low inflation really come to an end?

From our UK edition

How many times have you heard in recent months that the era of low inflation is at an end?  The case for that assertion is beginning to look somewhat shaky. This morning brings news that the rate of inflation last month – at least as measured by the Consumer Prices Index (CPI) – fell slightly in December from 3.1 per cent to 3.0 per cent. While that is hardly a dramatic move it shows that, once again, the surge in inflation predicted by some has failed to materialise. Now that the inflationary effect of a fall in the pound in the second half of 2016 has dropped out of the annual figures there is every reason to suspect that November’s CPI figure of 3.1 per cent will represent the peak of the current inflationary cycle.

Could Brexit benefit Britain’s financial services?

From our UK edition

Now that the EU has agreed to move Brexit negotiations on to a trade deal there will be much focus on financial services. An industry which produces annual revenues of £200 billion, accounts for 7 per cent of UK GDP and employs 1.1 million people is going to be a crucial part of any deal which Britain does with the EU, yet it is one to which other EU nations have long turned a greedy eye. In December, the House of Lords European Union Committee claimed that 75,000 jobs in financial services could be lost to other EU countries or to other countries. Not everyone, however, has been so pessimistic.

Henry Bolton’s critics should tread carefully

From our UK edition

Were I a politician observing Henry Bolton’s embarrassment with glee I think I might just stop short of demanding his resignation as leader of Ukip. What point, anyway, in trying to destabilise a party which has destabilised itself to the point at which nearly every credible challenger for the leadership seems already to have left – along with quite a few incredible ones? Why not just sit back and enjoy the sight of an old fool falling in love with young glamour puss and falling flat on his face? Any public figure who goes further might find that it comes back to haunt them. As Lara Prendergast wrote in this week's Spectator, the age of social media has become a trap for anyone with any kind of past online life.

Donald Trump is right: the sale of the US embassy was a bad deal

From our UK edition

The anti-Trump forces have been having a field day on Twitter with the hashtag #ICancelledMyTriptoLondon – poking fun at Donald Trump’s claim why he called off his trip to London to open the new £880 million US embassy. The President claims he can’t bear to cut the ribbon because the Obama administration got itself a bum deal by selling the old US embassy in Grosvenor Square for ‘peanuts’ and moving to a secondary location south of the river. The real reason, we're led to believe, is that Trump is scared of the street mob. I doubt if either explanation is quite right. More likely is that Trump thinks he wouldn’t receive the public adulation in London he thinks he deserves.

New York’s fight against the oil giants is political posturing at its worst

From our UK edition

Was there ever a more pathetic piece of political posturing than the attempt by New York mayor Bill de Blasio to sue five oil companies, including BP and Shell, for the cost of building £14.8bn ($20bn) worth of sea defences to protect vulnerable parts of the city? To add to his virtue-signalling, de Blasio has also announced that the city’s pension funds will seek to divest from the shares of oil companies. One should never under-estimate the ability of the courts, whether in the US or elsewhere, to come up with perverse judgements but it ought to be pretty improbable that New York could win the case.

Is Virgin Trains really any more ‘progressive’ than the Daily Mail?

From our UK edition

Virgin Trains has announced that it will no longer sell the Daily Mail on board its services nor offer it free to first class passengers on the basis that 'We’ve decided that this paper is not compatible with the VT brand and our beliefs'. It goes on to say its staff have objected to the Mail’s 'position on...immigration, LGBT rights, and unemployment' – although it fails to expound exactly what it finds so offensive about the Mail’s coverage on these issues.

The problem with Britain’s productivity

From our UK edition

Britain has a productivity problem – it lags behind Germany, France and the US, even Italy. But what, if anything, do we need to do about it? Over time, says economist Gerard Lyons, productive economies outperform less productive ones, but productivity statistics are not everything. Unskilled people who in Britain are working in less productive sectors of the economy would not have a job at all if they lived in France. There, productivity figures are high – but so too is unemployment. Yet those unskilled workers act as a drag on Britain’s productivity figures. However, Britain can improve its productivity, and therefore its overall economic performance, by moving into higher quality areas of the economy.

The death of the high street has been greatly exaggerated

From our UK edition

Predictions of the death of the shop have become as much a ritual of New Year as fireworks and the singing of Auld Lang Syne. The two big retailers which have so far reported on their business over the Christmas period have provided the usual ammunition. Next reported sales up by 1.5 per cent in the 54 days to 24 December (compared with 2016), but only because online sales (which rose 13.6 per cent) offset sales in physical shops (which were down 6.1 per cent). Debenhams had a miserable Christmas, with like-for-like sales falling 2.6 per cent in the 17 weeks to 30 December. It is now thinking of shifting out some clothing racks and shoving gyms into its stores. So is it the end of the shop as we know it, as online retailers gnash away at their business?

Keir Starmer must answer this question about John Worboys

From our UK edition

A Martian visiting Britain in recent months might be a little confused as to the nature of human morality – not to mention as to where on the body we have our sexual organs. First the country becomes consumed by the wicked behaviour of man who lightly touched a woman’s knee. Then, a man who was found guilty of drugging and raping 19 women is quietly approved for release by the Parole Board as if his offences were no big deal. It emerges that he was suspected of 100 more rapes, too, but the Crown Prosecution Service (CPS) never even bothered to charge him with those.

What will Brexit mean for the UK’s sugar industry?

From our UK edition

The Spectator, in association with Tate & Lyle Sugars, brought together MPs, representatives from Tate & Lyle, the Fairtrade Foundation and the Australian High Commissioner to discuss the future of the UK sugar sector following Brexit. This is a report of the discussion which followed. The sugar industry is an interesting case study for the opportunities as well as the challenges which could result from Britain’s departure from the EU. At present, 50 to 60 per cent of the sugar consumed in Britain comes from sugar beet grown and processed in this country. The industry has been subsidised since before Britain joined the EU and subsidy has continued under EU membership (not directly but via farm subsidies).

By rebalancing Britain’s economy, Brexit is succeeding where George Osborne failed

From our UK edition

Yet again this morning comes a demonstration of the enormous gulf between gloomy economic forecasts pumped out by those opposed to Brexit and much more positive data from the real world. And guess which received the biggest headlines. Britain, claims PwC, is about to miss out on a surge in global growth – the best in seven years – as ‘uncertainty relating to Brexit’ acts as a drag on the UK economy. A survey by the CBI and a recruitment firm claims that 63 per cent of businesses think that Britain will become less competitive in the next five years. Meanwhile comes a remarkable insight into current conditions in the real economy, curiously also from the CBI.