Gordon Brown has ruled out an election this year following a poll of marginal seats that showed Labour significantly behind the Tories. No election is now expected until 2009. Coffee House has reaction and analysis to this news. Click here to read the latest from our political team.
Hugo Rifkind on the party conference season Are we sure that party conferences are good things? Are we convinced that they do the job? Certainly, they are great fun. That, I would never dispute. The booze. The talk. And the rooms. Any connoisseur of weird, shabby, out-of-town hotels with ominously crumbly ceilings and carpets that suck
Blackpool Such is the strange rhythm of politics that this turns out to be the most successful Conservative conference for many years. George Osborne, who only a week ago people kept telling me was a disaster, put in a commanding performance. His promise to lift the threshold of inheritance tax to £1 million did not
Can we make a link between the chopping of 1,500 jobs, mostly in London and New York, by the Swiss banking giant UBS, and the news that the City of London Corporation has come up with a £300 million contribution to the financing of Crossrail, the long-awaited Heathrow-to-Docklands transport link? Well, connecting unrelated news events
This is the time of year when I am irritated by the pop-pop of shotguns near my house in Over Stowey. Not that West Somerset is a great county for shooting. It is a place for hunting. I have counted up to 13 packs of hounds in the neighbourhood. Most of them are foxhounds, and
It wasn’t hard to see what was in it for President Nicolas Sarkozy when he appointed Christine Lagarde as France’s new finance minister in June this year. After a glittering career in international law, Lagarde had become a star in American business circles: the 30th most powerful woman in the world, according to that ultimate
What’s the biggest threat to the stability of the global economy today? Derivatives? Hedge funds? The credit crunch? Actually it could be Pearson, the company that owns the Financial Times. How so? By allowing its Penguin imprint to pay $8.5 million for the memoirs of Alan Greenspan, the former chairman of the US Federal Reserve.
Elliot Wilson says there isn’t enough arable land in the world to make plant-based fuels a viable alternative to oil ‘Biofuels?’ Ricardo Leiman gives an imperious snort, his eyebrows wobbling. ‘Biofuels?’ he repeats in an offended tone, as if asked to perform a lewd act. ‘There’s about 20 million tonnes of processed edible oil on
When I bumped into Barclays chief executive John Varley at Wimbledon one mid-week afternoon in July, I thought he looked remarkably relaxed for a man locked in a potentially career-breaking takeover battle with his deadliest rival. We had just watched Venus Williams make mincemeat of Maria Sharapova, and perhaps Varley was cheered by the thought
