Christian Sylt and Caroline Reid say the motorsport industry is in turmoil — and could lose millions in sponsorship — as a result of Max Mosley’s tabloid embarrassment Few sports have a sexier brand image than Formula One. Race-cars snaking through the streets of Monaco past grandstands full of the world’s most glamorous women; grid
Ever since social arrangements became complex enough to write into laws, we have regulated the behaviours that have the potential to mess up our common lives. Look at the Book of Deuteronomy. It’s all there: health and safety (diet and hygiene), taxation, bankruptcy, neighbourly envy, sexual conduct… and finance too. The Old Testament is pretty
Death and taxes: these, according to Benjamin Franklin, are the two immovables of human existence. In modern life, however, there is a third: drivel, from which, try as one might, it is now impossible to escape. I concede, of course, that it is possible that it’s my sensitivity to drivel rather than its incidence or
The Chariots of Fire moment that revealed Gordon’s 10p tax timebomb The abolition of the 10p starter rate of income tax in Gordon Brown’s last Budget has a special significance in recent Spectator history: coming only a month after our move from Doughty Street in Bloomsbury to Old Queen Street in Westminster, it was the
‘Hello Barbara,’ Emma says as she hauls the Hoover in through the front door. I can’t disguise my confusion. ‘As in Tom and Barbara. You know, from The Good Life.’ I don’t get it, at first. I still think of myself as this London chick — well, probably old broiler would be more accurate. But
You sport a huge beard and a towel on your head and in the name of Allah you try to bring down the computer infrastructure on which the world depends. You are, in contemporary argot, a ‘cyber-terrorist’. You wear a button-down shirt and chinos, and in the name of turning a profit you deliberately set
To judge from the media coverage of Northern Rock, one might imagine that the circumstances of a bank collapse have never occurred before — or at least not for 150 years. But this is not the case. There have been several in recent years, including those of Johnson Matthey and Barings. But the closest parallel
Scroll through the Multimap website to Bosworth Road, London W10, and it reveals that this sad corner of the Royal Borough of Kensington and Chelsea boasts three primary schools, two more schools and a college, all within a couple of hundred yards of each other. No need for any other seats of learning, you might
Whenever I return to England from abroad, which is often, a very troubling question comes insistently into mind: why are the people here so ugly? I do not mean by this that I think all foreigners are handsome or beautiful, far from it. One of the tricks that Stepmother Nature has played on humanity is
I must declare an interest from the outset. I was born in Wakefield. I have never been especially forthcoming about my birthplace, not because I am ashamed of it, but because few people know or care much about this little city. Wakefield’s points of reference, ranging from the Battle of Wakefield in 1460 to rhubarb,
Judi Bevan meets BAA chairman Sir Nigel Rudd, an Eighties entrepreneur turned City grandee who still relishes tough challenges — and has met several at Heathrow Sir Nigel Rudd, chairman of BAA and motor group Pendragon and deputy chairman of Barclays Bank, has a reputation for riding towards the sound of gunfire. ‘I like difficult
During the boom years, it was fashionable to say that London owed its success as a financial centre partly to the quality of its regulation. Thanks to the Financial Services Authority’s astonishing internal audit of its supervision of Northern Rock, published last week, we can now see what that means. For Northern Rock, the UK’s
Too early yet to say whether the present financial turmoils will end in a catastrophic maelstrom or simply slip away like an angry tide, leaving puddles. One has no great confidence in the authorities on either side of the Atlantic. Would that J.P. Morgan were still around to take charge of things and recreate order
Australia’s residents are fond of referring to the place as ‘the lucky country’ but most are blissfully unaware of the phrase’s origins. ‘Lucky’ was never meant as a compliment. When the late Donald Horne, a giant of Australian intellectual life, conjured the tag in the 1960s he intended it as a putdown: ‘Australia is a
I think I’ve spotted the ‘trash and cash’ merchants, dining at Mayfair’s best tables A posse of hedge fund managers came round to The Spectator the other day, not to indulge in ‘trash and cash’ — or the even less attractive ‘pump and dump’ — but to participate in a breakfast discussion about how they
It would not surprise me if the present Pope, who is a man of strongly conservative instincts but also highly intelligent, energetic and forceful, abruptly decided to introduce women into the Catholic priesthood, and set about this fundamental reform with all deliberate speed. He would be right to do so, for it is urgent and
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
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