After every Budget, big or small, Tory backbenchers usually meet with the Chancellor. But on the evening of Rishi Sunak’s mini-Budget this week, they had already scheduled in a meeting with Andrew Bailey, the new governor of the Bank of England. This was extraordinary. Since when does the governor talk to MPs? Or risk upstaging
The FTSE-100 index of leading stocks is over 20 per cent up since Britain went into lockdown — ‘bull market’ territory. The government borrowed £55 billion in May, nine times more than the same month last year — yet borrowing costs are down, with some investors now paying to lend to an increasingly indebted nation.
Over the past few weeks, my sense of the surreal has been increasing. At a time when rational interpretation of the Covid data indicates that we should be getting back to normal, we instead see an elaboration of arbitrary responses. These are invariably explained as being ‘guided by science’. In fact, they are doing something
The fate of Hong Kong should make us worried about Taiwan. China’s introduction of a new security law for Hong Kong — which hollowed out the spirit of the ‘one country, two systems’ notion — is a powerful reminder of the importance of sovereignty for the Chinese Communist party. We should ask whether Taiwan is
Ahead of Independence Day last week, CNN went live to its correspondent Leyla Santiago. Here is how she described the upcoming celebrations: ‘Kicking off the Independence Day weekend, President Trump will be at Mount Rushmore, where he’ll be standing in front of a monument of two slave owners and on land wrestled away from Native
It is just over three years since the election of Emmanuel Macron to the presidency of France. All of Gaul is united against him. All? No! From a village in the foothills of the Pyrenees, in a remote corner of Occitanie, Jean Castex, the irréductible mayor of the tiny commune of Prades (population 6,124), has
Austin My first Independence Day in the US for many years. Usually I’d be in Paris avoiding Texas heat. My wife and I are self-isolating with much more square feet and wildlife to enjoy. Our garden is lush and green, full of flowers, owls, hawks, possums, squirrels, skunks, armadillos and snakes. Recent wild fires drove
The Prime Minister recently blamed the delay in the resumption of amateur cricket on the ball itself, calling it ‘a vector of disease’. Happily, tests have disproved this. Balls contaminated with Covid-19 showed no trace of it 30 seconds later — and recreational cricketers will be allowed to return to the field from this weekend.
