Donald trump

This time it’s crypto: now the Bank of England bows to Trump

The softening of the Bank of England’s stance on ‘stablecoins’ looks like another tugging of the British forelock towards the Trump regime. Stablecoins are virtual money akin to cryptocurrency, but theoretically safer because their value is pegged to the dollar or other conventional currencies. Often used by investors to buy into crypto, they’re claimed to offer a more efficient future for international payments – but also accused of facilitating crime. Two years ago, Governor Andrew Bailey decreed that stablecoins did not ‘meet the standards we expect of safe money’; other non-US regulators largely agreed. That well-known crypto player Donald Trump, however, called them ‘perhaps the greatest revolution in financial technology

Rod Liddle

How to fix the BBC

Assuming the BBC is still in existence by the time you read this, the scale of the task facing the next director-general would have been evident by listening to the output on Monday, the day after Tim Davie and Deborah Turness resigned. This was an organisation in utter denial. It began with Nick Robinson, puffed up with even more pompous self-regard than normal, treating Today listeners to a psychedelic monologue in which he disappeared down several capacious rabbit holes, jabbering about a sort of palace coup at the BBC, an assault by sinister right-wing forces. In doing this, Nick handily confirmed the case for the prosecution – something he would

The golden thread between Donald Trump and Nero

Donald Trump has knocked down the east wing of the White House and is turning it into his Golden Ballroom. Might he be tempted to go a step further and build a Golden House (Domus aurea), as Nero did? Nero was as besotted with gold as Trump is. He wrote poems in gold, preserved his first beard in a golden box, possessed a golden fishing net, had a golden box of poisons and golden chamber pot, and shod his second wife’s mules in gold. When the king of Armenia visited, he had the theatre of Pompey – the stage, the walls, everything – somehow gilded. In 64 bc a devastating

Lord Young goes to Washington

I’m writing this from Washington, D.C., where I’ve spent the best part of a week talking to politicos and thinktankers about the state of free speech in the mother country. Don’t believe our Prime Minister when he says it’s in rude health, I’ve been telling them. It’s on life support and any pressure that can be brought to bear on His Majesty’s Government to protect it would be hugely appreciated. Once again, it’s time for the new world to come to the rescue of the old. Not that they need much convincing. The view of Britain among Washington’s political class isn’t informed by diplomatic cables or articles in the Economist,

Portrait of the week: Train stabbing attack, Mamdani takes New York and the Andrew formerly known as prince

Home The King ‘initiated a formal process to remove the Style, Titles and Honours of Prince Andrew’, who is now known as Mr Andrew Mountbatten Windsor; his lease on Royal Lodge, Windsor, was relinquished and he made a private arrangement with the King to live on the Sandringham estate. His former wife, Sarah Ferguson, will find her own accommodation. Their daughters remain Princess Eugenie and Princess Beatrice. Richard Gott, who resigned as literary editor of the Guardian in 1994 after The Spectator accused him of having been in the pay of the KGB, died aged 87. Gopichand Hinduja, the head of Britain’s richest family, died aged 85. Eleven people were

Rod Liddle

You can’t trust the BBC

You may remember that in February the BBC found itself in a spot of bother regarding a film about the conflict in Gaza which, it transpired, had been narrated by the son of a Hamas minister. Some people, not least Jewish people, wondered if such an account perhaps might accidentally stray into the realms of partisanship, and the BBC was forced to withdraw the documentary forthwith. It then commissioned an internal report into why this young lad had been chosen to front the film, rather than, say, Rylan Clark or Clare Balding. As a consequence of the investigation, the BBC’s head of news, Deborah Turness, sent a round robin email

Gilded age: the lessons from Trump’s second term

Washington, D.C. When John Swinney, the SNP leader, and Peter Mandelson visited Donald Trump in the Oval Office a few months ago, the President showed them three different models for his planned renovation of the East Wing of the White House, which he has demolished to build a new ballroom. ‘If you’re going to do it,’ Scotland’s First Minister suggested, ‘you might as well go big.’ This Wednesday marked one year since Trump’s election victory, and going big captures the essence of his second term – bold and controversial moves, which have impressed even British politicians who thought him reckless in his first term. When Trump visited Chequers on his

Who would want to be a housebuilder in Britain?

In a radio discussion of the Renters’ Rights Act which passed into law this week, I heard ‘Britain’s housing emergency’ referred to as a given fact. If that’s so, then the housebuilders who create supply and feed home-owning aspirations ought to be public, political and stock-market heroes. But they’re not – and it’s worth asking why such an essential sector has fallen so far out of favour. Think back to Sir Lawrie Barratt, who built 300,000 houses and achieved fame with 1980s television ads featuring a strong-jawed actor as Barratt himself arriving by helicopter to inspect the latest show house. Less well known was Duncan Davidson, the swashbuckling grandson of

Trump should beware of backing regime change in Venezuela

Few Americans find much to celebrate in the Iraq War or the intervention in Libya. Regimes were successfully changed, but what came after Saddam Hussein and Muammar Gaddafi was civil war, regional instability and mass migration that exported many of those nations’ troubles to their neighbours. Now the Donald Trump administration wants to do to Venezuela’s despot, Nicolas Maduro, what George W. Bush did to Saddam and Barack Obama did to Gaddafi. But that will also do to the Americas, including the United States, what the war on terror did to the Middle East, North Africa and Europe. The chaos and population flows that regime change sets off are a

How America’s Wasps lost their sting

They moved, with a sort of nonchalant intent, up the aisle to make communion with their God; the men in bow ties and immaculate blazers, the women in pearls. They spent the service making small bows, singing (but not too loudly) and wearing looks of pacific – or rather, north Atlantic – calm. These were the Wasps and this was St Thomas Fifth Avenue, one of their high temples in New York, where they come for their moments of triumph and where the world often bids them adieu. It was hard to tell from those gathered on a recent Sunday morning if the stiffness of their physical motions was the

Can anyone stop J.D. Vance becoming president?

As Donald J. Trump flew to the Holy Land on Sunday to declare peace, his Vice-President took to the airwaves to address the rumbling civil conflict on the home front. J.D. Vance did not rule out invoking the 1807 Insurrection Act in order to quell the violent protests against Immigration and Customs Enforcement officials in several American cities. ‘The problem is the fact that the entire media in this country, cheered on by a few far-left lunatics, have made it OK to tee off on American law enforcement,’ he told NBC News. ‘We cannot accept that in the United States of America.’ This is now Vance’s familiar role. He’s not

Portrait of the week: Gaza ceasefire, unemployment increases and a Gen Z uprising

Home Sir Keir Starmer, the Prime Minister, praised President Donald Trump for the Gaza ceasefire agreement while in India accompanied by a trade delegation of 126. He then flew off to Egypt for the summit at which the peace declaration was signed. Sir Keir asserted that the dropping of a prosecution against two men for spying for Beijing (which they deny) was because China had not been a ‘threat to national security’ when they were accused of espionage between December 2021 and February 2023; Lord Case, the former cabinet secretary, said it definitely had been, and two former heads of MI6 agreed. Kemi Badenoch, the Conservative leader, was seen to

Is Labour ‘racist’ too? Plus Trump’s Gaza gamble & Rowling vs Watson

48 min listen

This week, Michael and Maddie report from the Labour party conference in Liverpool and unpick Keir Starmer’s big speech. Was his attempt to reclaim patriotism for Labour a genuine statement of values – or a clumsy exercise in stereotypes about steelworkers, chip shops and football nostalgia? And why does Labour’s attack line on Nigel Farage risk sounding like political ‘nuclear warfare’ that could backfire outside the conference hall? And what about the Tories? With Labour bringing the fight to the Reform party, where does this leave Kemi Badenoch and the Conservatives ahead of their conference later this week? They then turn to Donald Trump’s extraordinary new Middle East peace initiative.

What would the Romans have made of Trump’s state visit?

The Roman historian Tacitus commented that the visit of an Armenian king to Rome to clinch a deal in ad 66 demonstrated ‘that the king did not understand how we Romans value real power, but disdain its vanities’. What about Donald Trump’s recent visit, then? The imperial powers of Rome and of Parthia (modern Iran) were cagily cautious of each other, and both sides wished to control Armenia, which separated the two. The Parthian king put Tiridates on the throne of Armenia to maintain local control, while Rome determined its foreign policy. When Tiridates and his retinue arrived in Puteoli, Rome gave him a daily allowance of 800,000 sesterces, and

Portrait of the week: Recognition for Palestine, second runway for Gatwick and questions over Epstein for Fergie

Home Sir Keir Starmer, the Prime Minister, announced that Britain had recognised a Palestinian state. France, Portugal, Canada and Australia did likewise. Before President Donald Trump of the United States was sent safely home, the government said it had secured £150 billion worth of US investment. Baroness Berger succeeded in establishing a select committee to examine the Terminally Ill Adults (End of Life) Bill, after it passed its second reading in the Lords. The Ethiopian asylum seeker whose arrest for sexually assaulting a woman and a 14-year-old girl provoked protests outside a migrant hotel in Epping was jailed for 12 months. The Home Office was looking into hundreds of thousands

Was I the victim of a sex crime?

Dante’s Beach, Ravenna I went up to her and got straight to the point: ‘What are you using for bait?’ I say ‘her’ but you never know round here. We live a mile inland from one of the last unspoiled stretches of Adriatic coast, part of which was stolen several decades ago by highly trained nudists. The nudists, who seem to be mostly men, attract several fringe groups, such as trans women (men who identify as women). One of the best-known was christened Cesare but is now a peroxide blonde called Cesarea. ‘She’ is taller than anyone else in the village apart from me and has enormous hands. Besides, it

Portrait of the week: Charlie Kirk killed, Peter Mandelson sacked and Harry takes tea with the King

Home Sir Keir Starmer, the Prime Minister, asked Lord Mandelson to step back as ambassador to Washington. This followed the publication of alarming emails of support Lord Mandelson had sent to Jeffrey Epstein after the financier’s conviction for sexual crimes. Questions remained about what Sir Keir knew and when before Lord Mandelson’s sacking and appointment. Some Labour MPs expressed frustration with the Prime Minister’s leadership. His director of political strategy, Paul Ovenden, resigned over a lewd joke about Diane Abbott he had relayed eight years ago. Some claimed Andy Burnham, the Mayor of Greater Manchester who has set up a soft-left group called Mainstream, was going to try to become

Even now, Nick Clegg offers too little too late

Earlier this year a former staffer of what was then Facebook, now Meta, wrote a gossipy tell-all memoir about her time in the office there. It was a huge hit – especially after the company’s chief global affairs officer Joel Kaplan secured a ruling to prevent its promotion. Careless People, by Sarah Wynn-Williams, proved that there was a considerable appetite for anything that describes what it’s like to work for big tech. All of which boded well for Nick Clegg, who was Kaplan’s predecessor as the public face of Meta to governments across the world – until his departure was unceremoniously announced a few days before Donald Trump’s return to

What does Trump want from his state visit?

16 min listen

Donald Trump touches down in Britain next week for his state visit and political editor Tim Shipman has the inside scoop on how No. 10 is preparing. Keir Starmer’s aides are braced for turbulence; ‘the one thing about Trump which is entirely predictable is his unpredictability,’ one ventures. Government figures fear he may go off message on broadcast – he is scheduled to be interviewed by GB News. A second state visit, especially during a second term, is unprecedented. But, as Tim says, ‘Britishness is fashionable in Washington’ and no-one likes ‘royal treatment’ more than Trump. So, can Starmer take advantage of the President’s ‘love of the deal’? Tim joins

What’s driving political violence in America?

Tyler Robinson, a 22-year-old from south-west Utah, has been detained over the shooting of Kirk, a conservative activist and close ally of Donald Trump. Author and anthropologist Max Horder joins Freddy Gray to discuss the cocktail of online hate and tribal divisions that’s fuelling America’s new era of political violence.