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Home In a televised debate between the rivals for election by members of the Conservative party as their new leader (and hence prime minister), Boris Johnson said of the Irish backstop, ‘It needs to come out,’ and Jeremy Hunt said that it was ‘dead’. This was described as ‘significant’ by Dominic Grieve, who said he was ready to bring the government down rather than see a Brexit without any agreement. Theresa May, the Prime Minister, said that she would continue to sit as an MP after her resignation on 24 July. Ffordd Pen Llech in Harlech was recognised as the steepest street in the world, at 37.45 per cent beating

Home Boris Johnson, the bookies’ favourite for the leadership of the Conservative party, would, if he became prime minister, ‘show the public sector some love’ said his supporter Matt Hancock. Jeremy Hunt, his rival for the leadership, said: ‘If you’re a sheep farmer in Shropshire or a fisherman in Peterhead… I will mitigate the impact of no-deal Brexit on you.’ The 160,000 members of the Conservative party, few of them public-sector workers, and even fewer sheep farmers or fisherfolk, were sent postal ballots from 6 July to vote for the new leader. The Speaker chose not to select an amendment by Dame Margaret Beckett and Dominic Grieve intended to stop

Was Help to Buy a timely market intervention with a valid social purpose or a political gimmick that unintentionally showered housebuilders with taxpayers’ cash? Or both: this isn’t a straightforward question. ‘This government supports those who dream of owning their own home,’ said a statement from Philip Hammond last week. So far the ‘equity loan scheme’ launched by George Osborne in 2013 and now extended until 2023 has underpinned 194,000 home sales, the great majority to first-time buyers in the provinces, while another 300,000 have been supported by a £3,000 savings top-up. Meanwhile, housebuilders have upped their game as Osborne wished: annual new home numbers, having almost halved by 2013

Home Seven MPs resigned from the Labour party and sat in the Commons (next to the DUP) as the Independent Group, or Tig. They were Luciana Berger, Ann Coffey, Mike Gapes, Chris Leslie, Gavin Shuker, Angela Smith and Chuka Umunna. The next day they were joined by Joan Ryan and the following one by three Tories, Anna Soubry, Sarah Wollaston and Heidi Allen. The Labour eight said they objected to anti-Semitism in the party, the security risk should Jeremy Corbyn become prime minister and Labour’s lukewarm attitude to a second referendum. Derek Hatton, who had been the deputy leader of the Militant-controlled council which set an illegal budget in Liverpool, was

Happy Chinese New Year, or at least let’s hope so. The chubby pig of 2019 is an obvious symbol of wealth; but being both pragmatists and optimists where money is concerned, the Chinese easily find reasons to associate all 12 of their zodiac creatures, (including 2018’s dog) with rising prosperity. This year, however, the amount spent by their shoppers and tourists during the New Year festivities will be compared against last year’s figure of $190 billion for signs of a weakening economy. We already know that trade tensions with the US and other negative factors have been afflicting Chinese sales of western imports, from iPhones to Land Rovers, and that

Has ‘Jay’ Powell gone wobbly, or does he know something we don’t? That was the question being asked after the US Federal Reserve, of which Powell is chairman, kept dollar interest rates on hold last week — rather than continuing to notch them upwards as it has been doing for two years — and hinted that the next move might actually be downwards. Trade tension with China, the impact of Donald Trump’s government shutdown and the risk of a no-deal Brexit were all cited as ‘cross-currents’ affecting the decision, but pundits led by Wall Street ‘bond king’ Jeffrey Gundlach declared the Fed to be ‘caving in’ to the demands of