Eu

Thursday

The Spectator

A passage to India | 3 November 2016

When a Prime Minister flies off abroad with a few business-leaders it is seldom worthy of comment. Such trade missions tend to achieve little, beyond generating headlines intended to flaunt politicians’ pro-business credentials. But with the impending departure of Britain from the European Union,-Theresa May’s visit to India next week, accompanied by Sir James Dyson and others, has huge significance. For the first time in four decades, a British Prime Minister can discuss doing trade deals — something which we have until now been forced to contract out to officials in Brussels. Mrs May has chosen her destination shrewdly. With its rapidly expanding economy and the gradual liberalisation of economic

Matthew Lynn 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

Martin Vander Weyer Martin Vander Weyer

It’s time for Hammond to send a ruthless hit squad into RBS

The new series of The Missing is surely the gloomiest television of the year. But it has nothing on the endless saga of RBS, which seems to use the same disturbing time-shift device: whenever there’s a horrible new plot twist, you have to spot whether we’re in 2008, 2011 or today. The crippled bank, still 73 per cent state-owned, has lost £2.5 billion in the first three quarters of this year, having just paid out another £425 million in ‘litigation and conduct’ costs chiefly relating to mortgage-backed securities hanky-panky in the US. Since its bailout eight years ago, it has lost considerably more than the £46 billion of taxpayers’ money

Monday

Britain doesn’t need to bluff about Brexit

The Government’s insistence that we should not give away our hand in negotiations with the EU has backfired. It is putting us in a weak position because the primary reason for not giving away your hand is when you are bluffing. We are not bluffing. We are in a strong position and should take maximum advantage of it.  When negotiating with someone who may or may not be reasonable, there is unavoidable uncertainty. We should define the worst that can happen and prepare for it. We can’t control how our opponents behave, but we should define all the things we can control and make sure we control them. Whether or

Saturday

Brendan O’Neill

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 —

Friday

Tom Goodenough

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

Thursday

Stephen Bayley

Contours of the mind

In Australia, I have been told, the female pubic area is sometimes known as a ‘mapatasi’ because its triangular shape resembles a map of Tasmania. And since we are discussing cartography and the nether regions, it is wonderful to find in the British Library’s new exhibition, Maps and the 20th Century, that Countess Mountbatten wore knickers made out of second world war airmen’s silk escape maps. Maps certainly colonise our imaginations in many different ways. The allies in Iraq had a ‘road map’ rather than a strategy. So much of personal value can be lost in the creases and folds of our own ‘mental maps’. And couples who often travel

The Spectator

Barometer | 27 October 2016

Folio society A new collection of Shakespeare’s work credits Christopher Marlowe as co-author of the three Henry VI plays. Some other candidates claimed to have written Shakespeare plays: FRANCIS BACON (1561-1626). His poems are said to share a similar structure. But lacks motive to use Shakespeare as a pen name. WILLIAM STANLEY, 6th EARL OF DERBY (1561-1642): A Jesuit spy claimed he was secretly writing plays. EDWARD DE WERE, 17th EARL OF OXFORD (1550-1604): Theatre patron said to have used pen name because an aristocrat could not take credit for public plays. Dead for the last 12 years of Shakespeare’s life. ROGER MANNERS 5th EARL OF RUTLAND. Said to have

Louise Gray

Why Brexit could be a boon for GM crops

Genetically modified crops could be grown in England following a split from the European Union. But will it be good for Britain to forge ahead with a science that many consider to be dangerous for the environment, and potentially our health? George Eustice, the agriculture minister, revealed in a written parliament answer that as part of plans for Brexit, the government was looking at the regulation of genetically modified crops.  It has come as no surprise to the farming world, which has been campaigning for years for a more relaxed approach to GM. Many in Westminster already support the planting of GM crops on a commercial scale – although the situation is different in devolved

Tom Goodenough Tom Goodenough

What the papers say: May’s Brexit plan and EU leaders’ ‘rudeness’ towards Britain

Theresa May was widely praised in yesterday’s papers after the Government backed a third runway at Heathrow. And there are more plaudits for the Prime Minister in today’s editorials. The Sun says that yesterday’s figures showing the wages of the poorest rose faster than for any other section of society made it clear that it wasn’t true the Tories only care about the rich. It says the Government’s plan to reduced the balance of inequality contrasts strongly with the ‘fevered minds of Jeremy Corbyn and his deluded followers’, who try and paint Britain as ‘an unfair society plagued by gross inequality’: a picture which it says isn’t true. But The

Martin Vander Weyer Martin Vander Weyer

Despite what Big Bang destroyed, there’s still nowhere quite like the City

As the 30th anniversary of Big Bang loomed, I found myself back at the scene of my City demise. Ebbgate House — headquarters of BZW, the investment banking arm of Barclays where I worked until one fateful morning in 1992 — fell deservedly to the wrecking ball a decade ago. It was replaced by Riverbank House, and there I was last week, hovering above where my desk used to be, talking about ‘why no one listens to the City any more’ and reliving the P45 moment that released me into the happier world of journalism. Personal echoes apart, this was also a moment to revisit Big Bang, the Thatcherite reforms

Hugo Rifkind Hugo Rifkind

Free speech and the right not to bake a cake

Let us consider the case of the Ashers family bakery in Belfast which, in 2014, refused to make a cake. Or as some would have it, a ‘gay cake’, although that’s obviously ridiculous because all cakes are quite gay. This one, though, was requested by Gareth Lee, a local gay rights activist, who wanted it to have a picture of Bert and Ernie from Sesame Street on it, under the slogan ‘SUPPORT GAY MARRIAGE’, as the centrepiece of an event organised to do just that. On the basis that they were devout Christians, however, the family running this family bakery refused. And so, sore affronted, Lee sued. Really, if anybody

Wednesday

Ross Clark

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

Monday

Ross Clark

The EU would be mad to start a trade war with Britain. Here’s why

So far, the debate over what happens to UK-EU trade after Brexit has been conducted around a rather odd premise: that the EU will be out to punish Britain by cutting us off unless we sign up for continued membership of the single market, with free movement of people and contributions to the EU budget. Certainly, this is the impression which many EU leaders have been keen to create, and one which the ‘Remain’ lobby is more than happy to promulgate. Yet it sits rather uneasily with reality. As the Leave campaign consistently pointed out before the referendum, the EU would be mad to start a trade war because the

Fraser Nelson Fraser Nelson

Sturgeon’s secessionist fantasy has been rejected by Europe. So why does she ask Theresa May?

‘Downing Street says the PM is set to rebuff calls for a flexible Brexit, which would allow parts of the UK to have their own arrangement,’ said the BBC radio news this morning. Not quite. This notion has been rejected in Europe, where the idea of doing some kind of separate deal with Scotland or any constituent part of the UK was never a deal. The ‘options’ that the SNP talk about do not exist as far as the EU is concerned: it is a giant bluff. It’s far from clear why she is asking Theresa May for something that the EU has already rejected.  Even if Theresa May backed

Sunday

Fredrik Erixon

Germany, not Wallonia, is to blame for the collapse of EU-Canada trade talks

I sometimes wonder if the EU has a death wish – that europhiles like myself, when admitted to the cause, are sworn into a secret society with the ultimate goal of destroying the European Project. For a decade or more, the EU has been veering from crisis to crisis – yet presented with an opportunity to choose calm before crisis, it goes with the latter. Late on Friday, Canada’s trade minister – the former FT journalist Chrystia Freeland – declared that the trade agreement with the EU (the so-called Ceta) had failed. She’d been commuting between Brussels and Namur, the seat of Wallonia’s regional parliament, for a few days, trying

Saturday

Charles Moore

We should be flattered not threatened by France’s bid to take on the City

The French are trying to seduce the British to come and work in Paris. A video hymns the delights of La Defense, the Gallic Canary Wharf. It is a healthy Brexit effect that the French now feel that they can no longer fight the City of London solely by trying to regulate it, and must try persuasion instead. The prospect of British departure reawakens the spirit of competition in a continent which had largely replaced it with bureaucracy. By leaving, Britain ought to win first-mover advantage in this contest, but even if we don’t, we will have done a service to our neighbours which we could never have managed if

Steerpike Steerpike

Arron Banks revisits old wounds

During the EU referendum, there was a fierce contest between Vote Leave and Grassroots Out over which would win the official designation to campaign for Out. In the end, it went to Vote Leave — after it was decided that they held the widest cross-party support. Part of the issue was that the majority of eurosceptic Conservative MPs backed Vote Leave. This was down — in part — to an unhelpful interview, Grassroots Out’s Arron Banks gave to the Times. The Ukip donor struck a low note when he accused David Cameron of using his late disabled son Ivan as a prop over NHS policy. At the time, the comments were

Thursday

Peter Jones

From Socrates to Boris

In writing an article that argued both for and against the European Union, Boris Johnson was following a solidly classical precedent — that the finest exponents of the art of persuasion were those able to argue equally convincingly on both sides of any question. An anonymous document entitled Dissoi Logoi (‘Two-sided arguments’, c. 4th Century BC) provided a long list of examples: ‘Death is bad for those who die, but good for the undertakers and the grave-diggers. Farming, when it makes a handsome success of producing crops, is good for the farmers, but bad for the merchants… It is shameful for a husband to adorn himself with white lead and

Ed West Ed West

Have our thin-skinned times killed off satire for good?

Is satire dying? Zoe Williams asks in the Guardian whether the shrinking of permissible speech is killing comedy. To make her point, she wonders if the mid-1990s satire The Day Today would be tolerated in 2016 and whether ‘its surrealism belongs to another age’. The spoof news show, which in some ways seems slightly prophetic 20 years later, was sometimes edgy, and often surreal, and Williams recalls one scene in which a presenter announces in a dead pan manner that the Bank of England had issued ‘an emergency currency based on the Queen’s eggs, several thousand of which were removed from her ovaries in 1953 and held in reserve’. But, as she says: ‘If you told