George osborne

Thursday

Sam Williams

Britain has a productivity problem. Could email be to blame?

It is an oddity that while the UK economy surges ahead as the fastest growing in Europe, its productivity has sagged to an inauspicious 6th in the G7: below that of unimpressive France and Italy, and only fractionally ahead of near-vegetative Japan. The Government isn’t happy about it: the Chancellor and the Business Secretary have outlined a plan – revolving around ‘moving’, ‘building’ and ‘learning’ – to do something about it. Platitudinous plans aside, one reaction to the quandary is to doubt the stats. After all, the standard method for calculating productivity (dividing the value of goods and services produced in a given time by the number of labour-hours used to produce

James Forsyth James Forsyth

Jeremy Corbyn’s extraordinary success is a coup for the Tories

[audioplayer src=”http://rss.acast.com/viewfrom22/workingwithal-qa-eda/media.mp3″ title=”James Forsyth and George Eaton discuss the rise of Jeremy Corbyn” startat=754] Listen [/audioplayer]It wasn’t meant to work out this way. A month ago, Westminster watched to see if Jeremy Corbyn could get the support of the 35 MPs he needed to enter the Labour leadership race. At the time, it seemed a sort of joke. After all, the people who were lending him their backing weren’t doing so for any great love of Corbyn. As a rule, they either wanted a ‘broad debate’ or thought that the ritual slaughter of the left-wing candidate would make it easier for the new leader to move the party to the

Wednesday

Isabel Hardman

Theresa May humiliates Boris Johnson with water cannon announcement

In case the Labour leadership fracas has distracted you, there is still a Tory leadership contest going on, albeit with a slightly longer timetable. George Osborne has had a good week or so in terms of his chances of succeeding David Cameron when he stands down, and today his main contender Boris Johnson had a bad day. Boris was sitting behind Theresa May in the House of Commons as the Home Secretary announced that she would not be giving permission for the Metropolitan Police to deploy three second-hand water cannons in London. The Mayor bought these cannons for £218,000. He pulled a range of unhappy faces as May announced that

James Forsyth James Forsyth

PMQs: the Tories are set for a happy summer holiday

This was the last PMQs before the recess, and the Tory side of the House was in an end of term mood. When Harriet Harman stood up, the Tory benches enthusiastically beckoned her over — a reference to the anger in Labour circles at her openness to Tory plans to limit child tax credits to two children for new claimants. But Harman turned in a decent performance in her penultimate PMQs outing. She asked Cameron about the Greek crisis and drew some rather loose-lipped talk from him about how if Greece left the Euro, the UK would be prepared to assist with humanitarian aid. I suspect this answer won’t have

Nick Cohen Nick Cohen

Keep the cops away from the radical clerics, be they Christian or Muslim

If you want to see our grievance-ridden, huckster-driven future, looks to Northern Ireland, which has always been a world leader in the fevered politics of religious victimhood and aggression. Just as the Tories and much of the politically-correct liberal centre think they can force us to be nice by allowing the cops to arrest those who ‘spread hate but do not break laws’ (in George Osborne’s sinister words) so Northern Ireland has all kinds of restrictions of ‘hate speech’ to police its rich and diverse tradition of religious bigotry. I suppose it was inevitable that they would catch 78-year-old Pastor James McConnell of the Whitewell Metropolitan Tabernacle in North Belfast.

Tuesday

Steerpike

Mhairi Black: I’m the only 20-year-old George Osborne will help with housing

Last week the SNP MP Phil Boswell made a ‘depravity’ gaffe in his maiden speech. Happily, his colleague – and Parliament’s youngest MP – Mhairi Black had more luck today when she gave her first speech in the House of Commons. The 20-year-old SNP MP for Paisley and Renfrewshire South began by praising her predecessor Douglas Alexander, Labour’s election strategist. ‘Firstly in my maiden speech I want to pay tribute to my predecessor Douglas Alexander, he served the constituency for many years. After all I was only three when he was elected, but it was because of that fact that I want to thank him for all he did in the constituency and I

Friday

Lisa Stidle

How George Osborne’s Budget makes work pay less

In his Budget, the Chancellor claimed that ‘those currently on the minimum wage will see their pay rise by over a third this Parliament, a cash increase for a full time worker of over £5,000.’ But this wasn’t quite the whole story. What he didn’t say is that a full-time worker could see just 7pc of this pay rise in their pockets due to the withdrawal of benefits and tax credits. Osborne’s Treasury will accrue the remaining 93pc in reduced welfare payments and increased tax revenue. The simple truth is that the Living Wage helps government more than it does workers. In Britain, tax credits and other benefits conspire to make

Ed West Ed West

We need a Campaign to Protect Urban England

If a political subject is inconvenient to both Left and Right then the chances are that it won’t get addressed, however serious the problem. And so it has been with house-building; we have a desperate need for more homes in this country, but the Tories don’t want to discuss it because the obvious solution is to build more homes in Tory areas where the locals oppose it; Labour don’t like to because the subject of immigration upsets them. More generally both globalist Left and Right, represented by a spectrum encompassing the Economist, Financial Times, City AM, the Times and Guardian, like the idea of an economic model which depends on

Isabel Hardman Isabel Hardman

George Osborne’s Macmillan mission starts today

Those in favour of more housebuilding in this country like to tell the story of Winston Churchill’s deal with Harold Macmillan in which the Prime Minister told his housing minister to meet the Tory target of building 300,000 new homes. ‘It is a gamble – it will make or mar your political career,’ Churchill told Macmillan. Well, Macmillan hit the target a year early, and we all know what happened to his political career. Given George Osborne was clearly thinking about the implications for his own career of this week’s Budget, it is perhaps hardly surprising that housing plays a strong part. The Chancellor has today announced plans to get

Charles Moore Charles Moore

Can my secretary marry her sister?

Virginia Utley, my secretary when I edited this paper, has written to Prime Minister and Chancellor, jointly. She asks, ‘Please could you tell me what a family is?’ Nowadays, she goes on, you teach us that a family can be made up of men who love men or women who love women, who must therefore be equally entitled to marry one another. ‘Now,’ she continues, her sister and she ‘both think boys are very nice but neither of us met one we quite liked enough to marry… So my sister and I have bought a house together and have lived happily there for years and years and years.’ So, ‘Please

Thursday

The Spectator

Portrait of the week | 9 July 2015

Home In his Budget, George Osborne, the Chancellor of the Exchequer, slowed the planned rate of bringing in £12 billion of welfare cuts. He forecast a surplus by 2020. The bank levy would be reduced but a surcharge on bank profits imposed. The total of benefits that a family can claim a year would be cut to £23,000 in London and £20,000 outside it. Tax credits for those with more than two children were to be reduced. Local authority and housing association tenants in England who earn more than £30,000 (£40,000 in London) would have to pay more rent. Maintenance grants for students would be turned into loans. Income tax

The Spectator

One-nation economics

In his hastily scripted victory speech, David Cameron hit upon a mission that he wanted to define his remaining years in office. ‘I want my party, and I hope the government I would like to lead, to reclaim a mantle that we should never have lost: the mantle of one nation,’ he said. The problem was obvious: how could he reconcile this phrase with the hideous financial decisions that he had to make in office? With having to decimate not just unemployment benefits, but the support given to the millions trapped in low pay? George Osborne started to give his answer with his Budget this week. His main decision was

Isabel Hardman Isabel Hardman

IFS takes aim at Osborne’s ‘arithmetically impossible’ sleight of hand

George Osborne may have – politically – sweetened the bitter pill of his Budget by ending it with a surprise announcement about the National Living Wage. But the Institute for Fiscal Studies still wasn’t that keen to swallow it today. As well as revealing that 13 million families will lose £260 a year on average as a result of the freeze to most working age benefits (with 7.4 million of those in work, losing £280), the IFS’s analysts also pointed out that the increase in the minimum wage did not make up for the cuts to tax credits. Paul Johnson said: ‘The key fact is that the increase in the

Paul Johnson

The IFS’s verdict on George Osborne’s ‘deeply disappointing’ Budget

In the March Budget – and, indeed in the Conservative manifesto – we were promised budget balance by 2018-19. That magic moment has now been shifted back a year. In part, that reflects a gentler than planned path for spending cuts, including welfare spending cuts. The gentler path does not however represent a let up in the overall scale of cuts – other than for defence. Spending in unprotected departments (those other than health, overseas aid, schools and, now, defence) will still have fallen by about a third in real terms over the ten years to April 2020. The Budget was certainly not short on measures. The scorecard shows net

Steerpike Steerpike

Harriet Harman struggles to get her point across

On all counts, yesterday’s Budget was not a great day for Labour. The party found themselves in an awkward position as they struggled to decide how best to respond to a Budget which in part used policies they had endorsed ahead of the election. To make matters worse, Steerpike understands that Harriet Harman failed to get her message across to many of her colleagues. An unfortunately timed fire alarm at Portcullis House meant MPs and Parliamentary researchers were evacuated from the premises just as George Osborne was nearing the end of his Budget announcement. By the time they got back in the building, they only managed to catch the very tail end of Harman’s

Isabel Hardman Isabel Hardman

Osborne gets the press he was after on sweetened Budget

This morning’s front pages are as good as they possibly could be for George Osborne given the scale of the cuts that he unveiled yesterday. The Chancellor has managed to blunt the severity of his Budget, at least in messaging, with his National Living Wage announcement, with even the more sceptical newspapers acknowledging that he didn’t just spend yesterday taking away from Britons. Those sceptical papers first: And then there are a fair few papers who are reasonably impressed:   And the Sun, which went for Osborne with a vengeance after the 2012 Budget, is very happy indeed: Very, very happy….       This is the press that Osborne would have

James Forsyth James Forsyth

Osborne’s mission: erase every trace of Brown

To understand George Osborne, it is important to realise that he cut his political teeth at the height of the New Labour ascendancy. He remembers the humiliations that were visited on his party as Tony Blair carried all before him. But there is one moment from that period that Tories can look back on with satisfaction: their opposition to Britain joining the European single currency. In 1998, William Hague warned, in a speech drafted by Osborne, that the euro would become a ‘burning building with no exits’. When this speech was written, Osborne couldn’t have imagined that those flames would be the backdrop to the first Budget of his second

Kate Chisholm

Caught offside

It’s not surprising that politicians have such an on-off relationship with the broadcast media. One slip. One casual comment. One lapse of memory. Even the immaculate, armour-plated Nicola Sturgeon was caught out by Jane Garvey last Wednesday as the Woman’s Hour presenter congratulated her on her latest elevation. It had just been announced that Scotland’s First Minister was top of the Woman’s Hour ‘power list’ of the top ten women for 2015 (beating Angelina Jolie and Caitlyn Jenner) and Sturgeon was doing a live telephone interview on the Radio 4 programme from her office in Edinburgh. Garvey then lobbed a question, oh so casually, but oh so deliberately, like a

Wednesday

Fraser Nelson

At last, defence has been saved from further cuts

So much has happened in this Budget that it’s easy to overlook one of the most important announcements: that George Osborne will, after all, fit a lock on defence spending to make sure that it stays at 2 per cent of GDP until 2020. The Spectator has been calling for this for some time; I called for it again last week – and, to be honest, more in hope than expectation. But the Chancellor has delivered; his pledge is watertight. The MoD had thought that defence spending (as defined by Nato) was set to slip to 1.85 per cent of GDP within five years – and filling that gap would cost £3.23

Lloyd Evans Lloyd Evans

What does George Osborne have against the fecund?

Budget leaks were once the cause of scandals, inquiries and resignations. But the contents of George Osborne’s red box were spilled across the papers last Sunday. By yesterday the entire package was old news. Yet Osborne remains addicted to the last-minute surprise. What would it be? Gym membership for Angus Robertson? Free counselling for ousted LibDems? Britain to join the drachma? The living wage – Osborne’s grand revelation – is his attempt to redraw British politics. It aligns the Tories with the working-class against Labour. The opposition wanted a minimum wage of £8 by 2020. Osborne ups that to £9. There are sweeteners for the squeezed middle too. The threshold