Economy

There are times, I confess, when I wonder about politicians. They are a rum breed and it still seems possible to rise to quite elevated heights without possessing very much of an idea about anything. Consider the cabinet minister quoted in this Telegraph article: Mr Cameron won the leadership promising to modernise the party, but one Cabinet minister said it should now “move on” to more “traditional” Conservative issues such as welfare reform and immigration control. “The ‘toxic’ issue has been neutralised,” the minister said. “Now we can move on to the red meat Conservative issues.” Another minister said Mr Cameron should take to heart Lady Thatcher’s example and be

In association in Centrica How can consumers ensure they are receiving the best possible deal for their energy bills? In this special View from 22 podcast, the Spectator’s political editor James Forsyth discusses issues within in the energy market and some potential solutions for getting the lowest possible energy bills. Is shale gas the answer? Do green subsidies need to be cut? And is the government doing enough to help the consumer? Joining the panel are the Rt Hon Peter Lilley MP, Conservative MP for Hitchin and Harpenden and member of the Select Committee on Climate Change, Peter Moorey, Principal Advocate for Which? Consumer Review services and Ian Peters, the

It now looks almost certain that Andrew Mitchell will be our next EU Commissioner in 2014. The job was not advertised and the backroom selection process remains a mystery. In the wake of the Plebgate row, though, we can make an educated guess as to why, according to the FT, Downing Street has asked Mitchell ‘to consider’ the offer. This would be no ordinary consolation prize for Mitchell. Downing Street has big hopes for Mitchell in the role. Senior Whitehall sources indicate that Britain will be pushing hard for a big economic portfolio when the new commission is appointed next year. The aim is to make the case for financial

Boris needs to pay attention. As James Allen said, ‘Circumstances do not make the man, they reveal him.’ Given his colourful character, discussion so far about Boris’s leadership potential has focused on the man himself; but politics is about being in the right place at the right time, as Churchill would attest. Unprecedented levels of national debt, a stagnant economy, a healthcare system that isn’t delivering, a Eurozone that may yet collapse into meltdown, a chronic housing shortage, endemic low productivity and a state that has stretched its tentacles into so many areas of people’s lives it is proving extremely difficult to disentangle – these are just a taste of

The leaders of both coalition parties are seeing ministerial colleagues and backbenchers trying to push them further way from the centre at present. Nick Clegg has Vince Cable continuing to push for what Ed Miliband might call ‘good borrowing’, telling the Today programme that he’d borrow to improve the economy, rather than to keep an inefficient economic model going. He said: ‘There’s borrowing for different reasons, and this was the point I was trying to make last week, that you can borrow simply to plug the hole in the deficit… The metaphor I’ve used which helps to explain it – there’s a difference between increasing your credit card in order

If you want to know what the Liberal Democrat’s message at the next election will be, read Nick Clegg’s speech to the party’s Spring Conference today. He kept to the refrain that the Liberal Democrats are for a stronger economy and a fairer society and you can’t trust the Tories with society or Labour with the economy. In a sign of the new, more disciplined Lib Dem machine there were no detours from this core theme. Listening to Clegg, you would have had no idea that the leadership had lost a vote on secret courts this morning. Clegg knows that his internal position hasn’t been this strong since the Liberal

Further to Isabel’s post this morning, I understand from a senior coalition source that the two parties have now reached an agreement on how to handle Tuesday’s vote on Labour’s mansion tax motion. The Liberal Democrat leadership has assured their coalition partners that they’ll back a government amendment to it. This amendment will concede that the coalition parties have different views on the issue. The only question now is whether the speaker John Bercow will call it. I suspect that this agreement has been helped by a desire to limit coalition tensions post-Eastleigh and pre-Budget. There is also reluctance on the part of the Liberal Democrats to get dragged into

So David Cameron says there is ‘no magic money tree’. In his big economy speech today, the Prime Minister said:  ‘Now of course there are plenty of people out there with different advice about how to fix our broken economy. Some say cut more and borrow less, others cut less and borrow more. Go faster. Go slower. Cut taxes. Put them up. We need to cut through all this and tell people some plain truths. So let me speak frankly and do just that. ‘There are some people who think we don’t have to take all these tough decisions to deal with our debts. They say that our focus on