James Forsyth reviews the week in politics What a difference a poll lead makes. If Philip Hammond, the shadow chief secretary to the Treasury, had given an interview appearing to rule out tax cuts in a Conservative first term, when the Tories were behind in the polls or only marginally ahead, there would have been
It is probably blasphemy, or sacrilege, or at least very rude, but whenever I see the Dalai Lama, I think of him as speaking in the voice of the late Mike Reid, who played Frank Butcher on EastEnders. It must be the tinted specs. ‘Look, me old China,’ he croaks, pinching at the bridge of
I have no objection to washing up. I prefer it to most other chores. When I was very small my mother allowed me to ‘help’ with the washing up. This meant doing the drying. I got praise for the thorough and conscientious way I did it, polishing the delicate pieces of old china till they
For the vociferous band of Tesco-haters, waiting for the supermarket giant to slip up on one of its own homogenised banana skins has been a long and frustrating business. OK, you can clutch on to the failure of Tesco to achieve the 4 per cent year-on-year increase in sales during the Christmas period which analysts
A collapsing property market, slowing consumer spending, rising unemployment and an economy that is fast deflating: that might sound all too much like a forecast for the British economy. But actually it’s a description of the Irish economy right now. For the last decade, Ireland has been the most dynamic economy in Europe, with growth
Guy Monson and Subitha Subramaniam on how the US Federal Reserve is facing up to recession US policymakers are at war against recession. Since January, the Federal Reserve under Ben Bernanke has cut interest rates by 1.25 per cent; markets expect another cut of as much as 1 per cent this week. Such dramatic reductions are
