Ross Clark is a leader writer and columnist who has written for The Spectator for three decades. His books include Not Zero, The Road to Southend Pier, and Far From EUtopia: Why Europe is failing and Britain could do better
What a handy distraction it makes for the banks to stand accused of closing down accounts held by Nigel Farage and others on the basis of their political views. It is a distraction because otherwise the big banking story this week would be a meeting between the Financial Conduct Authority (FCA) and the large banks
Imagine a Tory prime minister who gave the liberal left almost everything that it wanted. Higher migration? Sure, let’s treble it. End austerity with more tax and spending? Sure, let’s pay the wages of 9 million people from the state’s purse, hand the NHS another £34 billion – and let’s jack up corporation tax to
One difference between the rivalry with China and the cold war is that the Soviet Union was completely economically segregated from the western world. That is not the case with China nowadays: cheap goods have flooded western markets for decades. But are we heading back to the multipolar world of the 20th century? China and
Planes grounded in New York, people told to stay indoors – and an actress forced to leave the stage on Broadway because of the smoke. Canada is ‘on fire’ and New York is choking from the drifting smoke – and it is all the result of man-made climate change. We know this because Justin Trudeau and other
So is Artificial intelligence (AI) to be a new engine of growth for the UK economy? That is Rishi Sunak’s hope. Ideally, he might have been using his trip to Washington to announce a trade deal between the UK and the US. Of course, that’s not going to happen: Joe Biden has made it clear that he
Would Labour’s plan to impose VAT on private school fees really raise £1.6 billion, as the party claims? Not according to a research paper by the education think tank EDSK. The £1.6 billion figure is often attributed to the Resolution Foundation, yet the original source, says EDSK, is a paper by the Fabian Society in 2011
If you think nothing works in Britain now, just wait. Wait, that is, until a future government (I’ll guess a Labour one, but can never tell with the Conservatives any more) introduces a universal basic income – that is a guaranteed, unconditional income for everyone, regardless of means, and regardless of whether they are working,
Another week, another extravagant claim for climatic doom goes unchallenged. Speaking on the Today programme on Wednesday morning, Dale Vince – the founder of Electrocity and donor to both Don’t Stop Oil and the Labour party – asserted: ‘40,000 people across Europe died from excess heat last summer. That’s part of the climate crisis. People
Liz Truss’ fallen star has been rising again of late (at least a few degrees above the horizon) as gilt yields return to the heights they reached during her brief premiership. Together with sluggish GDP figures this has led many to wonder whether she was not right, after all, to make growth the absolute priority
Not for the first time, a gulf has opened up between house price indices. This morning, Nationwide reports that average prices fell by 0.1 per cent in May (following a surprise rise of 0.4 per cent in April), taking annual house price inflation down to minus 3.4 per cent. That will surprise no-one, given the
It is nearly a year now since the latest round of rail strikes began. They have cost union members thousands of pounds in lost income. But according to Mick Whelan, general secretary of Aslef, on the Today programme this morning the union has made ‘zero progress’ in its negotiations with the Rail Delivery Group, which
Has food price inflation finally peaked? Figures released by the British Retail Consortium (BRC) this morning reveal that food prices were up 15.4 per cent in the past 12 months, down from 15.7 per cent in the year to April. Last week’s figures from the Office of National Statistics also showed a small fall, from
So, Just Stop Oil is now His Majesty’s Official Opposition. Keir Starmer has adopted the group’s main demand – no development of new oil and gas reserves – as his own. Presumably he hopes to attract green votes, especially in Scotland where the SNP has a similar policy. But it means going into the next
It wasn’t long ago that supermarkets stood accused of selling food too cheaply. Their price wars and two-for-the-price-of-one deals were destroying farmers, undermining local shops and making us fat. How long ago that now seems, with the government now considering 1970s-style price controls. While the measures would apparently be voluntary, they would fix the prices
It wasn’t supposed to turn out this way, not at the beginning of the year when the wise and good were confidently predicting that Brexit-bound Britain would turn out to have the worst economy in the developed world in 2023. The UK economy would be contracting, they said, while almost everyone else’s expanded. We have
So much for price-fixing. The energy price cap is finally set to fall, with the result that the average household should have to pay no more than £2,074 a year for its energy from 1 July. The price cap itself has fallen from £3,280, but bills were in practice limited by the government’s other great
Is there anything that might cause the much-predicted crash in UK house prices? Not – evidently – a pandemic (which perversely caused prices to surge). A sharp, upwards jerk in the Bank of England’s base rate to 4.5 per cent didn’t do it either. The latest edition of the Office for National Statistics’s UK House Price
Last week it was President Macron who was rowing back on green measures. In a speech he asserted that Europe has, for now, gone far enough – if it introduces any more regulations without the rest of the world following suit then it will put investment at risk and harm the economy. This week, the
The name Chris Whitty will forever be associated in people’s minds with Covid-19. But in a recent cri de coeur he reminded us not only that he continues to exist following the end of his daily appearances on our TV screens, but that there are many other ways in which pathogens are out to get
BT has announced that it will cut up to 55,000 jobs by the end of the decade. The company currently employs 130,000 staff, and it could cut up to 42 per cent of its workforce. BT has struggled in recent years as the one-time nationalised giant has had to keep up with a rapidly-evolving communications
