Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’
At least no one will be able to accuse it of not caring about the environment. The government has just bought forward its ban on all diesel, petrol and hybrid cars to 2035. From that date onwards, you will only be allowed to buy electric or hydrogen vehicles. The gas-guzzling, polluting SUVs we all like
It is hard to imagine there will be much of a meeting of minds. As the new president of the European Commission Ursula von der Leyen meets with the newly re-elected British Prime Minister Boris Johnson today the pleasantries will quickly give way to a strong clash of views. With our departure from the EU
Stock markets are hitting record highs. New companies are being listed. Fortunes are being minted. The last year has been a great one for investors, and so has the last decade, as what was already one of the longest bull markets acquired fresh impetus. There is one exception to that, however, and if you happen
Just when you might have thought that our departure from the EU was finally dealt with it turns out another cliff edge is looming. We have only a year to agree a trade deal with the rest of Europe. Already there are scare stories about how we may crash out without one, and plenty of
The most vocal opponents of our decision to leave the European Union have been the City and big business. For the last three years, from the CBI to the Bank of England to the FT and countless FTSE chairmen and trade groups, there have been hysterical warnings about the consequences of leaving. As Project Fear
It is still too close to call. And the odds are still on a Tory victory. Even so, with the polls narrowing, with lots of constituencies likely to change hands and with plenty of voters still to make up their minds, there is still a real chance that by Friday morning Jeremy Corbyn could be
Less than the cost of a Spotify subscription. Less than Netflix charges you every month. True, you might not be able to get the latest Taylor Swift remix or episodes of Stranger Things, but the Labour Party is trying to reach out to the streaming generation with the claim that the state costs you less than either
It is unregulated, arrogant, unsafe and has destroyed the livelihood of the traditional black cabs. Ever since it was launched, the ride-sharing app Uber has been as controversial as it has been popular. Now it faces a ban in London that could see the ubiquitous Toyota Priuses favoured by its drivers disappear from the capital’s
The morning of 13 December. A series of salacious revelations about his private life have sunk Boris Johnson’s campaign. A re-energised Nigel Farage has led a Brexit party surge in the north, splitting the Leave vote. The ousting of Jo Swinson in a coup organised by refugees from the People’s Vote campaign led to Remainers
If you wanted to completely destroy a modern twenty-first century economy there are various places you could start. You could print money to finance unlimited government spending. You could put up tariff barriers on all your main imports. You could even try raising the minimum wage to £30 an hour, while cutting the working week
We were about to crash out of the EU without a deal. The political system was in deadlock. Businesses were fleeing the country and investment was drying up, all against a backdrop of global trade wars and slumping demand across the eurozone. And what happened to the British economy against all those headwinds? As we
The schools will all get new books. The hospitals will all be rebuilt. Long-suffering public sector workers will finally get a pay rise and there will be a ton of money to fight climate change. Liberal Democrat leader Jo Swinson is promising there will be a £50 billion ‘Remain Bonus’ to spend on public services
As president Sarkozy’s finance minister, Christine Lagarde ran up one of France’s largest ever budget deficits and moved so slowly on reforms it cost him re-election. As managing director of the International Monetary Fund, she collaborated in a ruthless deflation that created the worst recession in recorded history in Greece. She then led the IMF
The uncertainty will be lifted. Businesses will know where they stand. Our politics can return to something approaching normality, and the government can get on with tackling all the other issues the country faces. Whatever the precise pluses and minuses of Boris Johnson’s Withdrawal Agreement for getting out of the EU, you might think that
Some fiddly amendments from Sir Oliver Letwin that no one quite understands. A legal action against someone or other from Gina Miller. Lots of protest marches. A petition or two – and possibly even an unreadable novella from Ian McEwan/JK Rowling/John Le Carre (delete as applicable) ranting against Brexit. We don’t quite know yet how
It was where we went on our first date. It was where we took our kids for meals out. And it was the one place we always knew we could get something decent to eat when we were stranded in a strange town. As Pizza Express runs into trouble and could ultimately fold, there has
Over the past three years, as we have torturously debated our departure from the European Union, we have heard a lot from the Brexiteers about the industries that might benefit from leaving the EU. Some of these predictions may materialise, others may not. There is one industry, however, that is already doing very well as
It is one of the most diabolical plots of all time, a conspiracy so vast, so deep, and so wicked it could have come from the pen of Dan Brown. A small cabel of powerful hedge funds have installed Boris Johnson at Number 10, paying for his campaign and his advisers. Once there, his task
The government has lost its majority. The constitution has fallen apart. The country no longer has any idea whether it is leaving the European Union or not. Historians and political commentators are queuing up to tell us this is the lowest point in the country’s history since the Suez Crisis/Civil War/Dissolution of the Monasteries (delete
Close your eyes, and you could have been listening to Gordon Brown in his pomp. Seven billion for schools. Six billion for the NHS. Money for youth centres, the police, and social care with overall spending rising at the fastest rate for fifteen years. If Chancellors were measured simply by their ability to spend more
