Martin Vander Weyer

Martin Vander Weyer

Martin Vander Weyer is business editor of The Spectator. He writes the weekly Any Other Business column.

Is fracking the answer to the energy crisis?

I’ll approach the hot topic of a ban on Russian oil by way of personal anecdote: I’ve never been a soldier or a spook but I have twice found myself ensconced in secure Nato conference rooms. The first occasion was a group visit to the military alliance’s Brussels headquarters 42 years ago, when an unsmiling

Bad news, Governor: the wage-rise spiral is already raging

I’ve had the opportunity recently to take part in wage-rise discussions for several small entities in which I’m involved. The conversation has been much the same everywhere. ‘How about we offer them 3 per cent?’ ‘But that’s less than current inflation and they didn’t have a rise when they were on furlough last year.’ ‘So

Why windfall taxes are a rotten idea

Annual profits of £9.5 billion at BP this week followed a £20 billion jackpot at Shell last week, thanks to soaring global wholesale energy prices that BP boss Bernard Looney recently said had turned his company into a ‘cash machine’. For the very same reason, Ofgem has announced a 54 per cent (roughly £700) increase

The ghosts that could come back to haunt Blair

I’m picturing Sir Tony Blair enjoying a fitting of his Garter robes after watching Boris Johnson stagger through PMQs. ‘I’m in the clear these days,’ he’s thinking. ‘So much water under the bridge, what could possibly come back to haunt me?’ Well, here are two items he might like to consider: the application of the

Martin Vander Weyer, Laurie Graham, Michael Mosbacher

15 min listen

On this week’s episode, we’ll hear from Martin Vander Weyer on the crash of crypto. (00:47) Next, Laurie Graham on the difficulties of downsizing. (04:20) And finally, Michael Mosbacher on the history of the fur industry. (12:20) Produced and presented by Sam Holmes Subscribe to The Spectator today and get a £20 Amazon gift voucher:www.spectator.co.uk/voucher

What’s really behind the crypto crash

‘Market turmoil’ looks set as the theme of the week, so let’s take a close look at a trading arena more prone to mayhem than most. Why has bitcoin lost half its value since November? First, I could make a case that since crypto investment has become at least a small part of many mainstream

The TV licence is a dead duck

‘Tell me we’re winning the media battle!’ I imagine Unilever boss Alan Jope barking at his team on Tuesday, following the revelation on Sunday of his rejected £50 billion bid for GlaxoSmithKline’s consumer healthcare arm. ‘Yes, sir,’ replies the flustered PR, ‘Very much so… except for top investor Richard Buxton of Jupiter telling the FT:

Will the energy price spike bring down Boris?

What does the new year have in store for consumers — and families trying to make ends meet? A stumbling recovery at best, with a continuing tide of inflation that I predict will swiftly pass the Bank of England’s current forecast of ‘around 6 per cent by spring 2022’ and take much longer to turn

Inflation, rates and dividends: A financial review of 2021

36 min listen

The world economy is bouncing back from the impacts of Covid 19. It has been bumpy year of recovery which has included labour shortages and consistent inflationary pressures. But it hasn’t been all doom and gloom. Kate Andrews, the Spectator’s economic’s editor reviews this financial year. She is joined by Martin Vander Weyer, the Spectator’s business

Gastro-nomics: a foodie’s guide to a changing world

Twice recently I’ve been asked my opinion of ‘Doughnut Economics’. The first time, I was tempted to cover my ignorance with a Johnsonian impromptu riff on supply-chain issues in the deep-fried batter sector. But sensing seriousness I steered off and googled the phrase later, so I was ready the second time to discuss Kate Raworth’s

Don’t strand Cambo until our energy future is secure

If the phrase ‘stranded asset’ hasn’t yet entered your vocabulary, here’s a useful example of what it means. The 178 million barrels of oil in the Cambo field west of Shetland may stay there for ever because of government shilly-shallying over whether and when to end exploitation of the UK’s remaining hydrocarbon resources — while

For industry, the pandemic isn’t over yet

‘So you think it’s all over? Ho ho ho!’ That’s the message from Satan’s dark laboratory (twinned with Wuhan’s) where the Omicron variant turns out to have been bubbling in its test tube while we dared to resume our normal lives during the autumn. But whether that ugly little globule ruins Christmas or proves to

Why you should be wary of buy now pay later

Are you logged on to Klarna, Clearpay, Laybuy or Zilch for your Black Friday shopping binge — or are you an old-timer like me who still uses traditional credit cards and even sometimes tries to pay for purchases in cash? If those four brand names meant nothing to you, you are yet to join the

Shell’s Dutch departure is a boost for the city of London

The scrapping of most of the eastern leg of HS2, originally planned from Birmingham to Leeds, is a news item that’s been waiting like a crowded train stuck at a vandalised signal while ministers squabbled over which cheaper substitutes might appease competing pockets of ‘red wall’ voters. Likewise the ‘Northern Power-house’ high-speed line from Manchester

Martin Vander Weyer

Andrew Bailey has been a bitter disappointment

Earlier this year I drew a comparison between the Bank of England governor Andrew Bailey and the Metropolitan police commissioner Dame Cressida Dick. When appointed, both were hailed as head-and-shoulders the best qualified internal candidate for the job. Yet both have subsequently attracted volleys of flak for everything that has gone wrong on their watch.

Bankers, not Greta, will save the planet

I have observed before how useful really big numbers can be in response to crises: when US treasury secretary Hank Paulson unveiled his $700 billion Wall Street bailout package in 2008, an aide famously let slip that the number had been pulled out of the air because it sounded reassuringly huge. Now we’re told that