Stay tuned for live coverage from 1200. 12:01: And we’re off with the butcher’s bill, remembering the 100th British servicemen to be killed in Afghanistan this year. 12:02: Robert Neal points out that Spain isn’t in the G20 and hasn’t been in recession as long as Britain – is the rain in Spain mainly in
Moody’s AAA sovereign monitor was published today, and whilst the UK’s AAA status remains ‘resilient’ the situation is far from rosy. The report states: ‘The UK economy entered the crisis in a vulnerable position, owing to the (overly) large size of its banking sector and the high level of household indebtedness. Both continue to weigh
Nevermind the bankers, the UK Border Agency should have been awarded £295,000 in performance bonuses. Phil Woolas’s defence that “brave” border workers deserved remuneration beyond their basic salaries is imaginative, though unremittingly egregious. The agency is plainly maladroit. Keith Vaz’s Home Affairs Select Committee has found: ‘There is still a huge backlog of unresolved cases
Bernard Gray, a member of the Tories’ Public Service Productivity Advisory Committee, explains why he has joined forces with the Tories. He writes in today’s Times: ‘From my experience of working in and with the Ministry of Defence over the past decade I know how strong such vested interests are and how much commitment is
It seems absurd to describe our dour and jowly Prime Minister as an eternal optimist, but he is. Rachel Sylvester’s column contains this delicious snippet of gossip: ‘When Mr Darling said that Britain was facing the worst recession for 60 years, Mr Brown telephoned him to tell him the downturn would be over in six
David Cameron’s ‘nothing to do with me guv’ response to the Ashcroft tax question on yesterday’s Politics Show has not put the issue to bed. In fact, his obfuscation has the reverse effect. The Independent runs an article today describing how little is known about individuals and authorities. ‘The House of Lords Appointments Commission says
The rumour mill is pulling 24/7 shifts. In recent days, newspapers and newswires have turned into gossip columns devoted exclusively to Alistair Darling’s Pre-Budget Report. If the rumours are true, which is a huge assumption, Darling will not offer the taxpayer a pre-election lolly-pop besides deferring the Age of Austerity until 2011, by which time
The Telegraph reports that Alistair Darling will allow married couples to continue to pool their inheritance tax allowances. Downing Street has pressed the Treasury to abolish pooled allowances in order to demarcate between Labour, the party that promotes fairness, and the Tories, the party that entrenches privilege. For all the recent polls and bravado,
Lord Lawson is Andrew Neil’s guest on this week’s BBC Straight Talk and, among other topics, the former chancellor rebuffs Ed Miliband’s accusation of climate change heresy. Lawson said: “I hope that all parties…take a good hard look at this, we don’t want a sort of Stalinist monolithic line in everything. But I do think,
Local girl Caroline Dinenage has won the Tories’ Gosport open primary race. Congratulations to her and commiserations to the other candidates: James Bethell, Julia Manning and Sam Gyimah. By all accounts the open primary process is proving hugely popular – over 12,000 votes were cast by post in this election. It is clear that the
The National Audit Office’s report into the government’s handling of the banking crisis and taxpayers’ continued exposure is a pandora’s box of financial horrors. The NAO estimate that taxpayers are underwriting liabilities exceeding £850bn and, buried in the document, is the revelation that the FSA and the Treasury gave RBS “a clean bill of health”
Key to Labour’s emerging strategy is promulgating the myth that raising the inheritance tax threshold is designed to protect the Tories’ rich friends from the great unwashed. Despite its sojourn in the wilderness, the politics of envy remains crude at best. Raising IHT thresholds favours hardworking, modest Middle England. The super rich can protect their
The news that Nicolas Sarkozy has cancelled a proposed flying visit to London, in order to smooth over the fall out from his attack on the City, has got tongues wagging. Adam Boulton reports: ‘It’s claimed Sarkozy asked for this week’s meeting to patch things up. So by implication their (his Westminster sources) argument goes
Stay tuned for live coverage from 1200. There’s a lot riding on this session – the NHS, the troop surge, Iran, Copenhagen, financial regulation and the still ailing economy. It’s a particularly important session for Cameron, who needs a strong performance to regain momentumk following a series of bad polls. 12:01: We’re away with the
It’s obviously excellent news that the five British sailors incarcerated by Iran on Monday night have been released without incident. Exacerbating already strained diplomatic tensions would have been an enormous temptation to the Iranian regime and David Miliband is right to commend their “professional” conduct in this matter. Miliband said: “The Iranian authorities gave us
I sympathise with Alistair Darling and his defence of the City. When he’s not contending with Gordon Brown’s suicidal Tobin tax proposals, Darling has to confront Nicolas Sarkozy’s calculated anti-Anglo popular politics. Yesterday, the Elysees’s Puss-in-Boots delivered a deliberately provocative and economically senseless attack on what he described as the “unconstrained Anglo-Saxon market model.” Sarkozy
It’s all a bit of a puzzle. How will David Cameron incentivise marriage? In an interview with the Mail, Cameron dismisses IDS’s transferable tax allowance scheme. “It would be wrong to say that they are Conservative Party proposals.” Considering the scheme will cost £4.9bn, the pro-cuts Tories can ill-afford an incentive that would
Britain remains the sick man of Europe. Professor Sir Mike Richards’s report finds that although progress has been made on cancer treatments, diagnosis rates, and therefore the chances of survival, lag behind European standards. A deluge of statistical analysis supports Richards’s findings. The European Journal of Cancer’s recent research into solid cancers, such as breast
The Liberal Democrats unveil their tax plans later today, and Nick Clegg insists that his radical plan will “put fairness back into the tax system”. It is expected to be a left of centre plan: don’t expect to hear anything about “savage cuts”. The Mansion Tax is back, albeit in slightly more expensive clothes. The
The Politics Show conducted a fascinating poll into the concerns of voters aged under 20. The Recession Generation are primarily concerned with, well, the recession. Economic recovery, public spending and tax came top of their list of priorities, closely followed by health and education. It’s clear that younger voters have exactly the same concerns as
