Nick Clegg is right to say that the British economy is entering a ‘dangerous phase’ and that we ought to think seriously about the necessary means to steer us through. Conservatives in government are coming to the same conclusion. Extra spending, the left’s solution, is a horribly blunt tool. Far better is radical reform of
Home The Independent Commission on Banking, headed by Sir John Vickers, recommended that there should be insulation of high street banking from investment banking. George Osborne, the Chancellor of the Exchequer, accepted the commission’s call for its recommendations to be introduced by 2019. The report received cross-party support, although it would cost banking £7 billion
Commentators bang on endlessly about the desirability of a ‘global world’, with every economy linked seamlessly to every other. But when it goes wrong, as it has done in the last three years, the painful consequences are equally global. Ask the Romans. The Roman empire stretched from Britain to Iraq and from the Rhine-Danube to
The comedian David Walliams performed the impressive feat of swimming 140 miles of the River Thames from Lechlade to Westminster. That is still a long way short of the swims undertaken by Martin Strel, a 56-year-old Slovenian. — After swimming the length of the Danube (1,866 miles), the Mississippi (2,360 miles) and the Yangtze (2,487
In denial about abortion Sir: Mary Wakefield (‘Who cares about abortion?’, 10 September) bravely argues that Britain needs a rational and reasoned debate about our abortion laws. Since 1967 there have been seven million abortions in Great Britain: in the past 12 months there were 189,574, with 48,348 women having had one before and, according
