Politics

Read about the latest UK political news, views and analysis.

Wednesday

Fraser Nelson Fraser Nelson

The illustrated guide to the Brown bust

The Brown Bust: house prices This is the first in a short series on the illustrated Brown Bust, we’ll show you graphs looking at the various aspects of the bursting of the Brown Bubble. After failing to control monetary policy – giving the Bank of England an inflation-only remit – the out-of-control money supply led (as it always does) to an asset bubble which has now burst. This graph shows how spectacularly. In little over a year, UK houses have fallen by 14 per cent – more than they did in six years under the Tories. Both lines are rebased to 100, with 100 being the peak of the market

Fraser Nelson Fraser Nelson

PMQs live blog

Harman v. Hague with Fraser Nelson from noon: 12:00 I’m still cross with William Hague for pitching up at that Lake Como villa at the Barclays Wealth shindig that was in the papers before he left. Utter idiocy. Sure, he arrived on its last day to accompany his wife who works there. But his political instincts should have told him to stay a million miles away, when the event got in the tabloids as a fat cat extravaganza. So his stand-up comedy at PMQs had best be good today. 12:05 Hague back again on Chapter 11, this time with FSB backing “would save thousands of jobs from going under”. “Nor

Irwin Stelzer

Brown must stop sounding like a sore winner

‘I was born for this moment,’ Gordon Brown is said to have told a small group at a recent dinner party. The Prime Minister is too keen a student of history not to have known that he was parroting Winston Churchill’s famous remark on becoming Prime Minister in 1940, ‘I felt… that all my past life had been but a preparation for this hour and for this trial.’ Perhaps it was reasonable of him to contend that the current financial crisis is as dire a threat to the British way of life as Adolf Hitler, perhaps not. But why quibble? The Prime Minister is entitled to his bump in the

Tuesday

Alex Massie Alex Massie

Lessons from a Tory Revival

At Culture11 today, I’ve a piece offering, however impertinently, some advice to the Republican party.That is to say, I suggest five lessons they could learn from the Conservatives’ revival in Britain. The extent to which they are applicable, let alone replicable, in the United States, may differ of course. But they are notions, not policy prescriptions, broadly summarised as:  The Base is Not Enough  The Elites Matter  So do Ideas  When the Electrate Moves, You Move  Atonement Needs to be More than Rhetoric; Or, Time is Not Enough Check the rest out here.

Alex Massie Alex Massie

42 Days: Gone But Not Dead

Peers reject the notion that it’s fine to lock people up for six weeks without even telling them why and how does the Home Secretary respond? Well, yet again, by impugning the motives of those opposed to granting the state these extraordinary powers: “I deeply regret that some have been prepared to ignore the terrorist threat, for fear of taking a tough but necessary decision.” And so the Labour party adopts the bullying thuggery that characterises much of the modern Republican party’s approach to security issues. Power corrupts, of course and Jacqui Smith should be ashamed of herself. Curiously, those ignoring the terrorist threat included not one but two former

Fraser Nelson Fraser Nelson

It is grim out there in the real economy

As Gordon Brown says, Britain is indeed “leading the world” – but into recession, a property market collapse and soaring unemployment. This—not the stock market indices which mesmerise a bewildered House of Commons—is what matters. Take today’s inflation data – it shows a 30 percent rise in electricity prices, 40 percent for fuel prices and 50 percent for gas prices. And that’s before the winter sets in and everyone puts their central heating on. Food inflation is 13 percent and within that meat is up 20 percent. Globalisation continues to push down the costs of imports in relative terms, so overall CPI inflation is 5 percent. But those who have

Monday

Alex Massie Alex Massie

They Haven’t Gone Away You Know

The issue of whether the state can lock-you up indefinitely  for up to 42 days without even the courtesy of telling you why is back. Happily, the House of Lords seems certain to reject the government’s plans, sending them back to the Commons where, again hopefully, they will finally die. Here’s Labour MP Tom Harris, however, explaining that if you opposed giving the state these powers you’re a “civil liberties” (feel the sneer with which he writes these words!) nutcase and if there’s another terrorist attack on Britain, it will be your fault… It’s no secret that, along with the great, wise majority of our nation, I support a radical

Alex Massie Alex Massie

Hats off to Gordon Brown?

Commenting on this post, a reader asks: What does this do to Gordon Brown’s political future?  He sure looks like a world leader as the rest of the world falls in behind his bailout plan. Neither McCain nor Obama seem to have a clue what to do for the financial crisis, so I’m wondering if I should write in Brown’s name for President in here in the U.S.  Your opinion? This is a good question, not least because it permits one to escape from economics. My answer hunch, I guess, is that this will improve Gordon’s position in the short-term but that he is still extremely vulnerable in the long-term.

Alex Massie Alex Massie

Political Advertising 18

Is this the most famous presidential ad of all? Perhaps! Anyway, we’re back in 1964 and LBJ wanrs that Barry Goldwater will end up incinerating your children. Tough stuff.

Fraser Nelson Fraser Nelson

He’s just making it up now

Another breathtaking Brownie at the Prime Minister’s press conference today: “I have to say we face this situation with relatively low national debt because of the steps we have taken since 1997, where we wiped off perhaps more than around £100 billion of debt by reducing the proportion of debt in our national income.” Huh? The ONS is unequivocal: net debt was £351bn in May 1997 and £632bn in August – or £545bn if you exclude Northern Rock. So where is his “wiping out” of £100 billion? Normally with a Brownie you can see how he cooked up the fake figure. But this time, it really does look like he

Fraser Nelson Fraser Nelson

Does the credit crunch weaken the case for Scottish independence?

So what would have happened to the Royal Bank of Scotland and HBOS had Scotland been independent? The Scotsman quotes an anonymous Edinburgh banker saying “HBOS would have gone bust and RBS would have followed five days later. The Scottish state simply wouldn’t have enough money to rescue two banks of that size as Iceland has done. As it would have been a Scottish problem rather than a British one – they’d both have gone to the wall.” In The Times, Jenny Hjul seductively argues that Iceland’s bankruptcy and Ireland’s woes expose the dangers of the small country model. Salmond even mentioned Iceland as a lodestar. He floated £100m –

Sunday

Fraser Nelson Fraser Nelson

What to expect from the Euro-zone meeting

The Euro summit is underway now, and I’ve spoken to a few of my better-informed contacts about it. Here are some thoughts:-   1)      The bailout model they’re meant to agree to in Paris does, indeed, seem to be that of Sweden ‘92. It’s being called that in France and Germany, but you can bet Brown will be calling it the British/Brown Model – he’s on a relentless mission to make political capital out of this. 2)      It is worth someone (like Cameron) pointing out that the UK is probably in the worst position of the EU countries. Not only were our banks the most over-extended but our household debt

Daniel Korski

We shouldn’t have to make Mandelson a Lord

Peter Mandelson is to take his seat in the House of Lords on Monday following his surprise return to the cabinet. But for one week he held the job of Secretary of State for Business, Enterprise & Regulatory Reform without having a seat in either the Commons or the Lords. He was presumably allowed to take the job by the rule-keepers because he is a member of the Privy Council. Many traditionalists will say that the constitutional anomaly will be corrected once Mandelson is made a peer and the Business Sectary can be held to proper account. But scrutiny of ministers in Parliament is becoming increasingly lax. PMQs is a

Saturday

Irwin Stelzer

Politics | 11 October 2008

Gordon Brown’s critics are confused. For months they have been accusing him of dithering, of timidity, of being unable to make the bold moves that are needed if his government is to get a grip on the unfolding problems in the financial sector and, now, in the economy as a whole. Now that he has shown more than a bit of both decisiveness and courage by bringing Peter Mandelson back from what most fair-minded people recognise is a credible stint as European trade commissioner, the critics have shifted gears. Mandelson is not the man to help craft policies with which to fight the emerging economic crisis because… well, because he

Friday

Alex Massie Alex Massie

“Ambition” is the new “Uppity”

Sarah Palin on Barack Obama and Bill Ayers today: This pattern raises serious questions about Senator Obama’s judgment.  It raises serious questions about his truthfulness.  But there is no question about his ambition. Ambition explains launching your political career in the living room of an unrepentant terrorist. Indeed. Because you too would start your decades-long conspiracy to steal the Presidency in the home of an “unrepentent terrorist”. That’s a sensible ambition! Who could possibly fail to see that? Doesn’t Obama’s association – no more than that – with Ayers undermine the “he’s a secret terrorist-sympathiser” narrative? Or have we, I suppose, now reached the point where the GOP skips the

The Spectator

The week that was | 10 October 2008

Andrew Neil reveals what Russia hope to gain from a deal with Iceland. Matthew d’Ancona reports on “That one”-gate, and observes that George Howarth has cemented the truce. The Skimmer takes on Gordon Brown for his delusions of grandeur. Theo Hobson argues that the Archbishop of Canterbury outclasses the atheists. Fraser Nelson gives his reaction to PMQs, and has a list of questions about the Government’s bailout package. James Forsyth predicts that Brown won’t be smiling for long, and claims that Tory economic thinking isn’t discredited by the current crisis. Peter Hoskin says the early signs aren’t promising for Brown’s get-out plan, and praises Nick Clegg’s performance in PMQs. Stephen Pollard

Peter Hoskin

The FTSE takes a hammering

At close of play, the FTSE was down a hefty 8.85 percent – putting it below the 4000 mark, and sealing what has been the worst week for the index since 1987.  No.s 10 and 11 will be praying furiously for a change in the tide.  As I wrote earlier, the longer this market slump goes on, the more their bailout package will appear to be one colossal waste of public moolah.  Problem is, investors are panicking over the prospect of a global recession – and there’s very little Brown and Darling can do to change that.

The Skimmer

Who does Brown think he is?

Is our Great Leader getting delusions of grandeur? He told the BBC earlier today that “We’ve had some success in getting the price of oil down …” So not only is Gordon Brown “leading the world” in bank bailouts and moving markets as he does so (mainly downwards, sadly), but now he (who even uses the royal “we”) thinks he controls the price of oil.   It is, of course, an absurd conceit. G Brown no more controls oil prices than he does the movement of the planets. Oil prices have tumbled (to as low as $80 today) because the markets (and now the IMF) think we’re heading for a

Peter Hoskin

Darling’s gamble

Alistair Darling’s refusal to guarantee the savings of those councils and other bodies which have money tied up in Icelandic banks could have some particularly nasty side effects.  Writes the Times: “…The Times learnt that some town halls were considering withdrawing all their cash from private institutions and putting it into more secure Government bonds. If dozens of councils follow suit this could lead to a damaging run on the banks, local government experts cautioned. Westminster and Kensington and Chelsea, two top London councils, said that they were looking at this option. Tony Travers, of the London School of Economics, said: ‘Local authorities hold tens of billions of pounds in