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One of the things that the Tory conference taught us was quite how worried the party is about Labour. There was almost a Mean Girls-style obsession with talking about Jeremy Corbyn in speeches on the stage, including Theresa May’s own address at the end of conference, where she returned to the problems with the Labour Party a number of times. The Tories are right to be worried, and not just as a result of last year’s snap election. I understand that the reason Labour has decided to talk so much about the way capitalism has left certain voters behind is that recent polling carried out by the party found it

At party conference last week, several Labour front benchers poured scorn on ‘fat cat bosses’ with excessive earnings. Jeremy Corbyn himself promised to end the country’s culture of ‘greed is good.’ It appears, though, that a bit of greed isn’t so bad when it comes to lining your own friends’ coffers. The Evening Standard reports today that Corbyn, who earns around £140,000 a year, has given his closest aides whopping pay rises of up to 26 per cent. The average salary of his three best paid advisers is now £94,421, four times the salary of a London nurse. Corbyn’s closest ally, former Guardian hack and champagne socialist Seumas Milne is

Angela Rayner, one of the ‘rising stars’ of Jeremy Corbyn’s frontbench, received rapt applause from Labour members when she spoke to the conference. It wasn’t just that she gave a passionate, warm and funny speech. It was also that she came armed with policies that the party faithful really liked, such as ending the academisation of schools and halting the free schools programme. Even though the roots of these school reforms are in New Labour, they’ve become steadily more unpopular since the Conservatives extended and modified the programmes themselves. Announcing their end as part of Labour’s National Education Service was always going to be a popular move. In that same

Why are we so addicted to economic forecasts? We’ll know they are going to turn out to be wrong because they always do. And yet still we can’t seem to stop ourselves hanging on their every word. This morning it is the IMF’s turn, once more, to have its forecasts for the UK economy treated with undue seriousness. The Guardian reports that the IMF ‘backs Theresa May’s warnings over no-deal Brexit’ – by saying a ‘no deal’ scenario would lead to ‘substantial costs’ for the UK. But even May’s Chequers deal will condemn Britain to economic mediocrity, according to the IMF. The FT reports that, in the case of a

Three senior bankers from Barclays, J.P. Morgan and Citi descended on the House of Commons today to give evidence to the Treasury Select Committee on the impact of a No Deal Brexit. Their interview must have seemed like perfect timing for Chancellor Philip Hammond, who is currently doing his own tour of the Commons and is expected to drum up support for Chequers by stoking fears of the calamitous impact of No Deal Unfortunately for Hammond, the three bankers were not nearly as morose as the Treasury could have hoped for. Instead they said the risks of No Deal were comparable to the instability they regularly faced across the world.

We don’t hear much of the phrase ‘despite Brexit’ any more – it is just a little too obvious. Instead, pro-remain news sources have decided to apportion good economic news on the weather and the World Cup. This morning, the ONS announced that GDP growth in the three months to the end of July had risen to 0.6 per cent, the fastest for a year and doing much to make up for a sluggish first quarter. The Guardian was quick to identify what it saw as the reason, giving the news the headline: ‘UK Growth Picks up to 0.6 per cent after World Cup and heatwave boost.’ The BBC followed

When Alex Salmond stepped down as First Minister, he famously unveiled a commemorative stone engraved with the message ‘The rocks will melt with the sun before I allow tuition fees to be imposed on Scottish students.’ If he wants to see melting, he should go to the UCAS website and look at the courses up for grabs in the clearing system – then change the settings to say you’re Scottish. The courses melt away. (For example, here is the English version of Glasgow University clearing courses: law, history, all sorts of gems. And here is the Scottish version). Why the difference? Because England’s students bring fees. As a direct result

Google the words ‘Universal Basic Income’ and you will be find high praise and excitement from a wide-ranging collection of people. Richard Branson, Mark Zuckerberg and now John McDonnell have all announced they believe that ‘free money for all’ is a good policy. UBI has fans on both the left and the right. Dutch author Rutger Bregman published his bestseller Utopia for Realists earlier this year that championed a basic income for all; while American Conservative author Charles Murray has also supported the roll-out of a similar programme. Understood simply as a single cash transfer to each individual, regardless of how rich or poor they are, it would guarantee a

When European leaders met earlier this month to thrash out an agreement on  migration, they succeeded in rescuing German Chancellor Angela Merkel from the precipice. But it is already becoming clear that the deal they struck was more a temporary papering over of ideological differences on migration than a permanent solution. While the EU agreed on the possible establishment of migrant transit centres on European soil, disembarkation platforms in north Africa, and a general statement that illegal migration was a European problem, the detail of how all this would work in practice was ignored. Not a single European country volunteered to host a reception centre, and attempts to persuade governments in north