Recession

New Deal of the Mind at 11 Downing Street

I don’t think it’s quite right for me to keep promoting New Deal of the Mind here on my Spectator blog. That should happen elsewhere and will. But just in case readers are interested, the launch meeting at Number 11 Downing Street was a fascinating affair. Cabinet Ministers Andy Burnham and James Purnell pledged their support as did opposition culture spokesman Ed Vaizey. It’s probably best to let others who were there speak about this so check out Lynne Featherstone’s report of the event. Lynne has been a great supporter of the initiative, designed to harness the innovative potential of the creative industries during the downturn. She made the following key point: “Admiration for

Is the Left Waking From Its Slumber?

A rather impassioned piece on unemployment from Polly Toynbee in yesterday’s Guardian made me realise that there are a number of people on the liberal-left in Britain thinking very hard about the implications of the global recession. “Has the horror of it all struck Westminster with full force?,” asks Polly? I think they are beginning to, but the problem is that they are stuck in the politics of the late-1990s census, which had us all triangulating like mad. All the clamour for an apology from the Prime Minister stems from a desire for him to atone for all our sins. It was difficult not to embrace the market when the

Some Thoughts on Political History

The brutal truth about politics is that a whole career can often be telescoped into a single defining event. The judgement of history can be particularly cruel on  unlucky Prime Ministers. Ted Heath’s reputation is dominated by the 1972 miners’ strike, Jim Callaghan is synonymous with the “winter of discontent” and Anthony Eden, perhaps the most ill-starred of all post-war PMs, will be forever associated with a single word: “Suez”. All those years of vaulting ambition, grinding thankless work and genuine public service reduced, in the end, to those two damning syllables. And how thin sometimes is that line between success and failure. Who remembers John Major for his remarkable

The History of the Hain-Brown Ideological Split

Every now and again I find myself reaching for Robert Peston’s 2005 book, Brown’s Britain. As we are now living in Brown’s Britain (perhaps we have been for the past 11 or so years) it is a very useful work of reference. We all know by now that Peston was always there first. The book is particularly enlightening when Peston looks at Brown’s early ideological battles within the party.  On page 157 of the paperback edition Peston looks at the what he calls a symbolic “punch-up” with the centre-left Tribune group. In essence this is the group that is most likely to seize control of the Labour Party when Brown

Co-operative Capitalism: The Mother of Invention

I was interested to read Noreena’s Hertz’s take on “Co-Op Capitalism” in The Times. If what she calls “Gucci Capitalism” is going the way of the command economy then what will replace it, Hertz asks. “I believe that the conditions are in place for a new form of capitalism to arise from the debris — co-op capitalism, with co-operation, collaboration and collective interest at its core,” she adds. Wishful thinking, or is there something more to this? Hertz is not the first person to talk about a new form of co-operative capitalism. The music business entrepreneur and all-round good egg Ben Wolff regaled the audience at the We Are Names Not

Don’t Mention the Legacy!

As the Cabinet meets in Southampton today there is one issue that will be strictly off the agenda: the Brown legacy. I have it on very good authority that Gordon and those around him will not even allow the subject to be discussed in case it suggests that he knows the next election is lost. People coming to him with new ideas are told not to use the “L word”. I think this is very unwise. How can the Prime Minister expect anyone to come to him with innovative recession-busting ideas unless they can talk in terms of the legacy such projects will leave behind? No. 10 needs to get real.

The Faultline At The Heart of the Government

Francis Elliott’s story in The Times this morning is well-sourced and identifies the dangerous faultline that runs through the Labour Party right up to the Cabinet. Francis reports that Lord Mandelson is (once again) considering ripping up the equality legislation announced inthe Queen’s speech because of fears of its effect on small businesses during the recession. He will do so in the face of fierce opposition from Harriet Harman, but surely calculates that the mood of the country (and certainly the business community) will be with him. The trouble is that this blows a hole in what remains of the New Labour political settlement. During the good times ministers were able to

Can the Artists Transform Our High Streets?

It can’t have escaped people’s notice that shops in our high streets are being boarded up at quite an alarming rate. I’ve noticed it in central London, but also in north Wales last week and in Sussex and Surrey this week. Lewes was looking particularly down-at-heel as I passed through: like it was bracing itself for something even more awful. I felt mixed emotions at the Guardian’s piece on the re-use of shops by artists. For all sorts of reasons, I am cheered by the fact that creative people are thinking their way out of the recession. But at the same time this really does confirm just how bad things have become.

Can The Government Dig Itself Out ? (2)

From the response to the last post on this subject I get the impression that people around here don’t much care if the government can did itself out or not. Some readers of The Bright Stuff have asked how I can justify wanting Labour to win the next election? But more of that later. First I want to examine the horror of the situation a little. I have finally read the Independent on Sunday’s interview with HBOS whistleblower Paul Moore. Jaw-dropping or what! It’s always wrong to leave the Sindy till last in the weekend reading pile because so often it punches above its weight. It would be one of the