The weather conditions of the past week could not have been better conceived to show up the inadequacies of Britain’s — and the rest of Europe’s — energy policy. A vast anticyclone extending from Siberia to eastern England has brought snow as far south as Rome and temperatures of minus 40˚C to Eastern Europe. With North
Here are some posts made on Spectator.co.uk during the past week: Fraser Nelson says Andrew Lansley’s NHS bill was completely unnecessary. Douglas Murray thinks Ken Livingstone will get away with his homophobic remark, but a Tory wouldn’t have. James Forsyth reports on Osborne’s pro-business speech on Tuesday, and spares a thought for the 30 ministers
This morning, the chief executive of RBS Stephen Hester appeared on Radio 4’s Today programme to discuss the recent furore over his bonus. Hester revealed he nearly resigned over the crisis and agreed that bankers have been making too much. Here’s the full transcript for CoffeeHousers. James Naughtie: Banker without a bonus? You might say
To mark the 60th anniversary of Queen Elizabeth II’s ascension to the throne in 1952, here is the leader that appeared sixty years ago on our front cover. It was written under the editorship of Wilson Harris, who had been in the position nearly 20 years. Queen and Nation, 15 February 1952 The slow days
…here are some posts made on Spectator.co.uk over the weekend: Fraser Nelson says the richest 1 per cent pay 28 per cent of the UK’s income tax, so let’s not scare them away. James Forsyth says Lords reform is going to dominate the next parliamentary session, but the government will have a tough time passing
A woman’s work Sir: I enjoyed Andrew M. Brown’s article on the rise of the ‘Dalis’ (28 January). As the working wife of a man who earns more than I do, I drew comfort from the fact that more and more women are becoming the main breadwinners. At the same time, it is irritating to
Bonus culture Some have called for an end to a ‘bonus culture’ in banks and big firms. But bonus culture has been around a long time… — Around the year ad 70, Roman legionnaires received bonuses of 25 denarii to supplement their salaries of 225 denarii. — Bonuses were recorded by 14th-century Florentine banks, with
Home Fred Goodwin, the former chief executive of the Royal Bank of Scotland, was stripped of his knighthood by the Forfeiture Committee, which said he had ‘brought the honours system into disrepute’. Stephen Hester, the chief executive of the Royal Bank of Scotland, turned down a £963,000 shares-only bonus payment in the face of ‘enormous
When George Osborne became Chancellor, he took charge of a very large zombie bank with a medium-sized government attached to it. The Royal Bank of Scotland was nationalised in 2008 with assets of £2.2 trillion, almost four times state annual spending. The difference between RBS being run well or run badly could be counted in
