Eu referendum

Falling inflation marks another nail in the coffin for Project Fear

So, another post-Brexit horror story fails to materialise. When the stock market failed to crash and the economy failed to slump, the continuing Remain campaign hit on another fear: inflation. When the CPI rose in September to one per cent, it was predicted to be merely the beginning of a trend which would see prices surge as a result of the fall in the pound. Instead, the CPI fell back slightly last month to 0.9 per cent. It may well rise again in the coming months, but it is already clear that it is going to be hard to maintain the narrative of a Brexit-inspired inflationary spiral. At 0.9 per

What the papers say: The Brexit backlash continues

The row over last week’s High Court ruling on Article 50 rumbles on this morning. Theresa May has given her backing to the judiciary, with the PM saying she ‘values the independence of our judiciary’. Yet some of this morning’s newspaper editorials are in much less forgiving mood. The Daily Telegraph points out the distinction between the rule of law and the rule of judges and says that Lord Thomas, the Lord Chief Justice, Sir Terence Etherton, the Master of the Rolls and Lord Justice Sales quite simply got it wrong last week. The paper says the government is right to appeal the decision, pointing out that it’s not uncommon for

Brexit means Brexit. But what does post-Brexit mean?

Staring at a brown envelope, my husband said: ‘I’ll deal with that post-breakfast,’ and then laughed as though he had made a joke. In his mind it was a play on words, the unspoken words being post-Brexit. It is true that no one is safe from that phrase these days. As a compound adjective, it’s not so bad: post-Brexit prosperity. As an adverb, it sounds awkward to me: prices rising post-Brexit. The word Brexit itself was established as more than a passing vogue only after the referendum, I think. It had been invented in 2012, on the pattern of the portmanteau word Grexit ‘Greek exit’, and while the prospect of

Government’s high court defeat sparks election chatter

What worries government ministers, as I say in The Sun this morning, is not the actual vote on the Article 50 bill—voting against the bill as whole would be akin to rejecting the referendum result—but attempts to tie Theresa May’s hands ahead of the negotiation through amendments to the bill. One senior Cabinet Minister tells me that peers and MPs ‘won’t be able to resist’ trying to amend the bill. Though, it is worth noting that because of public concern about free movement there probably isn’t a Commons majority for staying in the single market, post referendum. Downing Street is adamant that they don’t want an early election, and that

The unhinged backlash to the High Court’s Brexit ruling

As a general rule, any day the government loses in court is a good day. So yesterday was an especially fine day. A delicious one, too, obviously, in as much as the fist-clenched, foot-stamping, whining of so many Brexiteers was so overblown and ludicrous it toppled into hilarity. People who shouted for months about the urgent need to restore parliamentary sovereignty now reacted in horror to the restoration of parliamentary sovereignty. ‘That’s not what we meant’, they spluttered. We meant governmental supremacy only when it suits us. Well, tough. A certain amount of squealing was only to be expected since, if Nigel Farage has taught us anything, it is that the Brexit-minded

Europe’s press isn’t happy at the Brexit ruling either

Britain’s newspapers aren’t happy at yesterday’s High Court ruling that the government cannot trigger Article 50 without the say-so of Parliament. And the news isn’t going down well in Europe either. There are fears that a Brexit hold-up could have ramifications on the continent. In the days after the referendum, European leaders were quick to call for a speedy Brexit. Now there are worries that a delay in the British courts could make that impossible – spelling trouble for a European Union which, for the large part, wants to get Brexit over and done with. Here’s how the European press has reacted to yesterday’s decision: In France, Le Monde says the ruling that Parliament must begin Britain’s exit from the EU

Tom Goodenough

What the papers say: The Brexit blockers’ ‘betrayal of democracy’

The High Court’s ruling that Parliament should have the final say on pulling the Article 50 trigger has not gone down well in today’s papers. ‘Enemies of the people’ screams the front page of the Daily Mail alongside a picture of the judges who made yesterday’s decision. If its headline didn’t make its view clear enough, there’s little room for interpretation in its editorial: the court’s decision was ‘an outrageous betrayal of democracy’, the paper says. The Mail suggests the ruling isn’t a one-off but forms part of a pattern where the courts have consistently sided with the Europe ‘against the interests of the British people’. But, the paper says, this

The tough fight for democracy has begun

This week, national treasure David Attenborough joined the post-Brexit pile-on of the plebs. Should the little people really be trusted to make decisions about complicated matters like the EU, he asked? You know the answer: of course we shouldn’t. We’re too dim. We don’t have as many degrees as him. The point of parliamentary democracy, he says, is that ‘we find someone we respect who we think is probably wiser than we are’ and then we trust them to ‘ponder… difficult things’. That’s far preferable to asking people who’d prefer to go to a funfair than the National Gallery — he really says this, in reference to a quote from Ken

Ross Clark

Theresa May will only regret it if she doesn’t call an early election

Is there anything more absurd than hearing a bunch of Remainers claiming that they have achieved a great victory for Parliamentary democracy in today’s High Court ruling that Parliament should vote on the exercise of Article 50, beginning Britain’s exit from the EU? Parliament voted for a referendum, in which the British people voted to leave the EU. All that today’s judgement does is frustrate that process. As I wrote last week over Heathrow, the judicial review system is fast-turning Britain into a Krytocracy, in which judges wield the real power. All that said, why is the government bothering to fight the judgement? If the Remainers want more Parliamentary democracy,

Matthew Lynn

The Bank of England made a mistake. It should have admitted it

The currency has been devalued by more than 30 per cent. Interest rates have been pushed all the way up to 20 per cent. The IMF is standing by with an emergency package, and capital controls and dollar rationing have been maintained. It has been a heck of a morning for the pound – although, fortunately enough for most us, the Egyptian rather than British one. Over here, it has all been rather quieter. The Bank of England, as most people expected, has stuck with its decision over the summer to take rates all the way down to the 0.25 per cent. It now looks inevitable that it will hold

Watch: Will Straw – I don’t know why I got my gong either

What did Will Straw do to deserve his gong? It’s a mystery which has baffled many – including Mr. S – ever since Straw was handed a CBE for leading the ‘Stronger In’ campaign to a resounding defeat in the referendum. Straw’s inclusion on David Cameron’s resignation honours list was labelled a ‘joke’, while others said it was a clear reward for failure. So the appearance of the head honcho of the Remain campaign at a select committee today seemed like a perfect opportunity for Straw to finally shed some light on what he did to deserve those three letters after his name. Alas, even Straw himself isn’t sure why he got the gong. When asked by Labour’s

What the papers say: Should Carney stay?

Mark Carney’s appointment in 2013 as Governor of the Bank of England was almost universally applauded. Yet more recently Carney has become something of a divisive figure. His interventions during the referendum campaign angered many. While his economic policies have also come in for criticism, leading some to call for Carney to quit. So should the Bank of England chief listen to his critics or is it best for Britain’s economy that he stays put? The Daily Telegraph says Carney has been hit by ‘referendum shockwaves’ and suggests that the attacks levied against him during the referendum – whether true or not – have undoubtedly placed him in an uncomfortable position.

History won’t look kindly on David Cameron for more reasons than the referendum

‘Bad policy.’ ‘No discernible impact on the key outcomes it was supposed to improve.’ ‘Deliberate misrepresentation of the data… a funding model that could have been designed to waste money’. ‘A waste of £1.3 billion’. ‘Failed’. The media’s treatment of the troubled families programme, whose evaluation has recently been made public, cannot have cheered David Cameron in his last week as an MP. History does not look likely to be kind to his great social policy. We should, however, be grateful to the former prime minister for his quixotic attempt to do the right thing on a massive scale. Because in doing so he exposed the fallacy which has dominated

Morrissey is right – Brexit really is magnificent

Being an out-and-proud Brexiteer, someone who would go to the barricades for Brexit, someone who might even take a bullet for Brexit, I often get emails from people who feel the same way but feel they can’t express their Brexitphilia in public. This week, in response to my Big Issue column on, yes, the beauty of Brexit, a correspondent tells me that, like me, he voted Leave for liberal, democratic reasons, not Little Englander ones, but such has been the ‘name-calling’ and ‘toxicity’ in response to his decision that he’s had to slink off social media and keep his head down. It’s awful. Loads of Brexiteers feel like this —

What the papers say: Nissan’s Brexit boost for Britain

Theresa May hailed Nissan’s decision to stay put in Sunderland and build its new Qashqai and X-Trail models at its plant in the north-east as a ‘vote of confidence’ in the UK. But was this just the PM drumming up the deal or is it really such good news for Britain? The Times suggests the agreement may have come at a price. The newspaper says a ‘written promise’ was made to the company that it wouldn’t lose out from Brexit. Some have said it smacks of a sweetheart deal between the Government and the carmaker – something business secretary Greg Clarke, who insisted no cheque book was waved at the

Long life | 27 October 2016

I may have made the odd disparaging remark about Brexiteers during the heat of the referendum campaign, but I have been the perfect gentleman since. Although a Remainer, I have accepted the referendum result with good grace and treated the winners with courtesy and respect. I’ve never called them swivel-eyed, or xenophobic, or racist (or ‘deplorable’, as Hillary Clinton called Donald Trump’s supporters). I regard them as normal human beings. I don’t even dismiss them as angry working-class rebels, driven by resentment of a heartless ruling elite. They come from every part of society. If there is a class war, it is going on in America, not here. I have

Steerpike

Watch: John McDonnell’s ‘chaotic breakfast’ Brexit gaffe

Spare a thought for John McDonnell. The shadow chancellor was up and about early this morning to criticise Theresa May on the airwaves for her stance on Brexit. But while McDonnell was eager to get his message across, Mr S wonders whether he might have forgotten something before he left the house. It seems by the time he got around to delivering his actual speech this morning, it was breakfast, rather than Brexit, which was on his mind. Here’s what he said: ‘The Government is hurtling towards a chaotic breakfast that will damage our economy and hurt the poorest and most vulnerable most of all.’ Still, at least McDonnell can console himself

The Project Fear backtracking isn’t over yet

Another day, another backtracking in the doom-laden predictions of what would happen as a result of a vote for Brexit. Back in May, World Trade Organisation (WTO) chief Roberto Azevedo told the Financial Times that Britain would not simply be allowed to ‘cut and paste’ its terms of membership with the WTO. We would, he suggested, effectively have to negotiate from scratch – a process which could take years, as it did when Liberia joined. Today he has recanted, somewhat. ‘The UK is a member of the WTO today, it will continue to be a member tomorrow,’ he told Sky News. ‘There will be no discontinuity in membership. They have

James Forsyth

Jeremy Corbyn lets Theresa May off the hook again at PMQs

Today’s PMQs could have been a tricky affair for Theresa May. Her decision on Heathrow has seen one Tory MP resign his seat and the Guardian’s story about a private speech she gave to Goldman Sachs during the EU referendum campaign clashes with her conference speech rhetoric about being the scourge of unaccountable global elites. But May got through the session fine, Heathrow wasn’t raised until well after 12.30 and no one mentioned her behind closed doors, Goldman’s address. Corbyn’s delivery at PMQs has improved. But he still can’t go through the gears. He started off using the frustration of the devolved First Minister following their meeting with May on

Tom Goodenough

Is the Guardian’s leaked tape of Theresa May really so shocking?

The Guardian’s splash today looks like bad news for the PM. ‘Leaked recording shows Theresa May is ‘ignoring her own warnings’ on Brexit’, the paper says on its front page. The story centres around a recording of May giving a speech at Goldman Sachs in the run-up to the referendum. In the tape, which was recorded in May, the future PM tells bankers that:  ‘I think the economic arguments (of staying in the EU) are clear. I think being part of a 500 million population trading bloc is significant for us. I think one of the issues is that a lot of people will invest here in the UK because