Politics Archives

Thursday

12 Feb 2015

Lord Green must answer for HSBC’s sins – but maybe it was always too big to manage

Stephen Green — the former trade minister Lord Green of Hurstpier-point, who became this week’s political punchbag— was always a rather Olympian, out-of-the-ordinary figure at HSBC. This was a bank that traditionally drew its top men from a corps of tough, non-intellectual, front-line overseas bankers typified by the chairmen before Green, Sir John Bond and Sir Willie Purves. As the dominant bank in Hong Kong and a market leader throughout Asia and the Middle East, it was habituated to dealing with customers who took big risks, hoarded cash when they had it, and did not necessarily regard paying tax as a civic duty. But if ethics were rarely discussed in

Wednesday

11 Feb 2015

James Forsyth

One area where Labour and the Tories have started agreeing

With less than three months to go to the election, politics is pretty partisan at Westminster at the moment as PMQs today demonstrated. But there is one area where there is, despite the proximity of polling day, a bi-partisan consensus emerging: civil service reform. This morning, both Francis Maude, the Cabinet Office minister, and his opposite number Lucy Powell, who is also in day to day charge of the Labour campaign, appeared at the conference of Govern Up, a new think tank on civil service reform headed up by the former Tory Minister Nick Herbert and the ex-Labour frontbencher John Healey. Now, the reason that both parties are so interested

Alex Massie

David Cameron is lucky he faces Ed Miliband, not Nicola Sturgeon

In some respects David Cameron has been a lucky politician. Lucky that his predecessors had failed so completely that his initial brand of so-called modernisation seemed a punt worth taking. Lucky that he faced Gordon Brown, not Tony Blair. Lucky that he could pivot from ‘sharing the proceeds of growth’ to ‘we’re all in it together’ without too many people noticing (or caring too much). Lucky, above all, that he now faces Ed Miliband. Because however you dress it up, this has not been a happy government. In economic terms – the defining issue of the age – his party has missed many of its most important targets. Functionally-speaking, George

Steerpike

Samantha Cameron’s sister in Twitter rant over Labour’s pink ‘tampon’ van

While Samantha Cameron very rarely airs her political views in public, the same cannot be said for her sister. Emily Sheffield has taken to Twitter to vent about Labour’s new pink van for women. Sheffield, who is the deputy editor of Vogue, claims that the van looks like its selling tampons rather than policies. The pink Labour van looks like it’s trying to sell me tampons not policies. And that’s the nicest thing I can say about it. — Emily Sheffield (@emilysheffield) February 11, 2015 The rest is an angry rant! — Emily Sheffield (@emilysheffield) February 11, 2015 Labour unveiled the ‘Woman to Woman’ van yesterday, which will tour the UK targeting women who did

Isabel Hardman

Miliband to repeat allegations against Lord Fink in public

So Ed Miliband really is going to pick one of the bigger battles of his leadership. After Lord Fink demanded that the Labour leader withdraw what he said about the peer at PMQs or to repeat it outside the House of Commons, I’ve spoken to a Labour source who says: ‘These are very serious allegations in the Guardian about Lord Fink, including his complex arrangement to minimise tax. He still has not justified the reason why he’s made these arrangements. He should do so. ‘David Cameron must explain whether he is happy to have appointed Lord Fink as a treasurer. Then it will be up to the public to judge.’ Miliband is going

Hamish Macdonell

Ed Miliband is being pushed to the left by the SNP

At last, the picture is becoming clearer. We now have a better idea of what the SNP will demand in return for its support to put Ed Miliband in Downing Street. Nicola Sturgeon didn’t use the term ‘red line issue’ but this was the clear message underlying both the broadcast interviews she made this morning and her keynote speech at UCL. We have known for some time that the SNP leadership does not favour a formal coalition with Labour. Rather, it would look for a ‘confidence and supply’ deal, backing Labour’s Budgets and opposing no confidence motions and expecting concessions in return. And now there appear to be two ‘red lines’ – concessions

Isabel Hardman

Lord Fink confronts Miliband over ‘defamatory’ comments at PMQs

Lord Fink has confronted Ed Miliband over his allegation at Prime Minister’s Questions that the peer was engaged in ‘tax avoidance’. In a letter, Fink says Miliband should repeat the allegation outside the House of Commons, or withdraw it. You can read the full text of the letter below. Miliband’s question did seem to go further than the Guardian article published before PMQs that named Fink. The article said: ‘One of the Conservative party’s recent treasurers, Lord Fink, formerly Stanley Fink, is revealed as having made the most of a four-year posting to Switzerland while working at hedge fund the Man Group. ‘He opened Swiss accounts with HSBC in 1996

Lloyd Evans

PMQs sketch: Today’s storm of accusations

The Swiss list, or swizz list, dominated PMQs. Ed Miliband was keen to paint Cameron as the beneficiary of ‘dodgy’ donors who craftily side-stepped their tax bills and funnelled the proceeds back to Tory HQ. The stink also enveloped Stephen Green, given a peerage by Cameron, who ran HSBC at a time when it helped millionaires to, let us say, ‘overlook their obligations to the Treasury’. Nine years back it was even suggested, by Bloomberg, that the bank had stooped to money laundering while Green was in charge. Nonsense, said his friends, the money wasn’t being laundered, just given a rinse and a whizz over with the iron. In the

Steerpike

What did Ed Miliband’s new big donor mean about a ‘holocaust’?

Millionaire hippy Dale Vince OBE has written Ed Miliband a cheque for a quarter of a million to counter the struggling Labour leader’s business credentials. Worth some £107 million, Vince, who founded Ecotricity, claims ‘there’s no way to my mind that the Labour Party is anti-business’. And that’s not the only daft thing he has said. Asked by Daisy Green Magazine about whether he was a vegan for environmental or compassionate reasons, Vince replied: ‘It’s for both those reasons and also it’s on health grounds (meat and dairy are bad for us) – and it’s because the idea of treating animals in the way we do, subjecting them and their

Fraser Nelson

A century on, Scotland still has a drink problem

The tragedy of the Rab C Nesbitt caricature is that there is a lot of truth in it – Scots do tend to have more problems with booze then those in the rest of the UK. Things are improving: today’s figures show that the alcohol-related death rate for men in Scotland is 29.8 per 100,000 – down from 45.5 per 100,000 ten years ago. But in England, this rate stands at 17.8 per 100,000. Now, I’m all in favour of Scots who enjoy a drink – we employ one of them, the peerless Bruce Anderson, as our wine columnist. But today’s statistics put me in mind of a leading article we ran

James Forsyth

Miliband’s attacks fell flat at PMQs

The stage was set for Ed Miliband at PMQs today. Just before the session, The Guardian revealed the names of various Tony donors who allegedly had accounts with HSBC’s Swiss bank. Miliband duly went for Cameron over the matter with some of his most personal attacks yet, accusing Cameron of being a ‘dodgy Prime Minister’ and ‘something rotten’ at the heart of the Tory party. But the attack failed to hit home in the Chamber. Labour did salvage the situation somewhat by, at what looked like Miliband’s own instigation, getting several of its MPs to ask Cameron again, the question he hadn’t answered: did he ever have conversations with Lord

Air Chief Marshal Sir Michael Graydon

Here’s an election idea: why not weaponise defence?

A few weeks ago, Boris Johnson posed a question in his residents’ survey for the Uxbridge and South Ruislip constituency. ‘Which issues are most important for the country as a whole?’ Fifteen subjects were offered for consideration. Not one mentioned defence or security, despite the threatening global scene. There is an election in May. The major parties are competing in the great NHS give-away whilst showing every sign of wishing to bury defence until well after the election, using the expected Strategic Defence and Security Review (SDSR-15) as the convenient touchstone for evasion. Yet it is highly likely that this review will either be pushed into 2016, or again prove unfit

Isabel Hardman

Labour keeps up pressure on HSBC row

Labour wants to keep up the pressure on the the Tories over the HSBC scandal today. Ed Miliband will inevitably have a go on the issue at Prime Minister’s Questions (though the odds on him mentioning the word ‘chaterama’ are 28/1), followed by an Opposition Day debate on tax avoidance in which the party will call for a full statement from Lord Green and the Prime Minister about the former’s role at HSBC and his appointment as a minister. The party will also set out its own plans for tackling tax avoidance. The motion, which you can read in full below, is worded in such a way as to make

Tuesday

10 Feb 2015

Fraser Nelson

Australia joining the Eurovision shows the awesome soft power of the song contest

All you want from Europe is free trade, cheap flights and the Eurovision Song Contest – the rest is bureaucracy. One of the contest’s many strengths is its generous, expansive definition of ‘European’. Its soft power is awesome, and effective. It reaches out to countries banging on the door of the West – nations the European Union itself is too sniffy, paranoid and insular to include. This has led to several historic occasions, underling Eurovision’s status as the world’s premiere forum for the collision of politics and culture, where hatchets are buried (or dug up) and new alliances struck. Israel has been contesting since 1973, and its giving 12 points to Germany in 1982 was

Isabel Hardman

Labour to reach women with a barbie bus

Labour is launching its women’s campaign tomorrow, and Guido has discovered that part of this special campaign is a special battle bus. A pink bus. A pink bus with ‘Woman to Woman’ on it. This is odd, from a party whose MPs are quite keen on campaigning for gender neutral toys and which lent its support to the Pink Stinks campaign. Where will the pink van go? To shopping centres and nail bars? Perhaps it will offer manifesto manicures, where the party’s pledge card is stuck onto acrylic nails so that women can’t forget about what Labour is offering – because as the No campaign in the Scottish independence referendum

Isabel Hardman

Exclusive: Lib Dems run out of MPs to promote

Following my earlier story about the Tories deciding they can only rely on Lib Dems who are ministers to form a coalition majority after the election, I have learned that the rebellious backbench problem is worse than it first appears. The party has run out of MPs suitable to work as Parliamentary Private Secretaries. For those who don’t know, PPSs are the ‘bag carriers’ of government, junior ministerial posts that largely involve an MP being forced to be loyal to their party whip at all times while briefing their minister on important matters, working as their minister’s eyes and ears in the rest of the party, and encouraging the rest

Fraser Nelson

Mortgage rates stand at record lows – so why won’t George Osborne boast about it?

Under George Osborne, borrowing costs have fallen to record lows – as data released by the Bank of England today shows. And this, rather than pretending that he has been helping savers, should be his line of attack – after all, when borrowing costs are down so is the interest savers can earn. The effect Osborne’s cheap money has had on borrowing costs really is quite extraordinary. The average rate on a 2-year 75 per cent LTV fixed mortgage is at a record low of 2.01 per cent, down from 2.6 per cent last summer. That is a significant saving for those signing the contract on their house today. Just look at the graph above

Alex Krasodomski

A tip for MPs on Twitter: know the difference between social and broadcast media

Entering ‘Politicians are…’ into the Google search bar brings predictable results. Well, mostly. In amongst ‘liars’, ‘scum’ and ‘all the same’, Google suggests ‘lizards’: David Icke’s reptilian illuminati are still in the spotlight. Number five on the list is predictable: politicians are ‘out of touch’. Minding the gap has been central to British politics for years. Politicians, the line goes, are out of touch with reality, and, to make things worse, spend their whole time in Westminster, only visiting their constituencies to try to hang onto the seat. Yet some canny MPs are beginning to change this impression. This is the first general election where social media will be truly pervasive.

Isabel Hardman

Labour finally starts to articulate its vision for British business

Why isn’t Ed Miliband at the British Chambers of Commerce annual conference? Ed Balls tried to defend his boss this morning as he arrived at the event, saying it was ‘getting a bit trivial’ to ask who was attending which conference. The Shadow Chancellor said: ‘Ed Miliband has spoken at this conference a number of times… They’ve got me and Chuka Umunna and this has been tabled and agreed for months and months and months. We’re setting out Labour’s position. As I said it’s the position of me and Ed and Chuka and the whole of the Labour party. Ed has spoken at the conference many times before.’ To be

Steerpike

Why Peter Stringfellow didn’t look ‘cool’ at Black & White Ball

As part of David Cameron’s efforts not to appear as the leader of the party of the posh, the Prime Minister is rarely seen in black tie. Last night’s Black & White Ball was no exception, with guests told to dress in ‘winter cool’ for the lavish Grosvenor House bash. Mr S isn’t sure what ‘winter cool’ looks like but judging from the number of scantily clad women in attendance it doesn’t involve very much material. While Cameron opted for a lounge suit, one man who definitely stood out in his smart attire was Peter Stringfellow. During an interview on the Daily Politics, the 74-year-old strip club owner defended his decision to wear black tie to the ball.

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