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
The best thing that can be said about global economic growth prospects for 2023 is that no-one is expecting very much. On that basis, hopefully, things can only get better. Over the weekend, International Monetary Fund (IMF) managing director Kristalina Georgieva said that she expects a third of the globe to be in recession, including
Unforeseen events which provoke global crises – such as Covid — have come to be known as ‘black swans’. By the same token, the end of 2022 has just been visited by a great big fluffy white swan. Over the past 24 hours the main benchmark for European gas futures – the Dutch Title Transfer
Is there any weather condition which cannot be blamed on anthropogenic global warming (AGW)? No, it seems, judging by the reaction in the US liberal press to the snowstorm which has engulfed much of the US over the past few days. According to Bloomberg it is all down to a loopier-than-normal jet stream, “the kind of
Whatever happened to the economic boom that was supposed to follow the Covid pandemic? The 2020s, some argued, would be like the 1920s, with an economy roaring its way out of recession, to be remembered as a time of unprecedented wealth and opportunity. That is not how things have turned out so far. While economic growth
We’re finishing the year by republishing our ten most popular articles from 2022. Here’s number eight: Ross Clark’s piece from May on the crypto crash. When Britain voted for Brexit, Macron boasted that Paris would eat the City of London’s lunch. It didn’t quite work out that way, with most league tables continuing to put
Economic growth is the third quarter was known to be depressed, but the Office for National Statistics (ONS) has this morning upped its estimate of the retreat in GDP for the third quarter, from a fall of 0.2 per cent to a drop of 0.3 per cent. That need not be too alarming in itself
Mick Lynch told Mishal Husain this week that it is about time she started showing partiality to Britain’s working people. Leave aside the assertion that the BBC should break its impartiality guidelines to please Mick Lynch, is he really representing the working classes? Unless you count as ‘working class’ everyone who does any paid work,
Could flu really kill 30,000 people in Britain this year as our immune systems, rendered naïve after two years of lockdowns and other anti-Covid measures, are over-ridden by the virus? That suggestion has been reported in places this morning. There has certainly been a sharp increase in people reporting flu symptoms over the past couple
After a faltering start in its programme of rate rises, the Bank of England is catching up. Today’s half-point rise in its base rate to 3.5 per cent may be relatively modest compared with last month’s 0.75 per cent rise, but it is still twice as high as any rise the Monetary Policy Committee (MPC)
Has inflation peaked? The Consumer Prices Index fell to 10.7 per cent last month, down from 11.1 per cent in October. This follows predictions that October would be the month in which inflation peaked – so this morning’s figures from the Office for National Statistics will raise hopes that the worst may be behind us. This
It will come as no comfort to those who have already lost fortunes, but it is remarkable how resilient the crypto currency market has been this year, especially following the collapse of the FTX exchange in November. But if the arrest of FTX founder Sam Bankman-Fried in the Bahamas and the request by US authorities for
Oxford councillors are feeling rattled by opposition to their proposal to divide the city into six districts and to limit the passage of road traffic between them. The city and county councils put out a press release last week accusing residents of spreading ‘misinformation’ about the scheme. It complained of abuse received from members of
For climate campaigners, Donald Trump was the anti-Christ, pooh-poohing climate change and withdrawing the US from the Paris climate agreement. But what of the Biden administration – is it really going to make the climate lobby any happier? Things may be a little clearer following the visit to Britain of John Kerry, Biden’s climate envoy,
We are still a long way from the Winter of Discontent, when 29.5 million worker-days were lost to strikes. Nevertheless, with today’s strike of 115,000 postal workers the number is creeping inexorably upwards. This one-day strike alone will cost 40 per cent of the 273,000 lost working days recorded across all industries over the whole
For those of us who remember the miners’ strike in the 1980s it takes some getting used to the journey made by coal miners over the past 40 years: from working class heroes to climate ‘criminals’. To hear today’s reaction to the news that Michael Gove has granted permission to build Britain’s first deep coal
Rail strikes on a couple of days when no trains would be running anyway might not seem the biggest inconvenience facing the British public at the moment, yet the announcement of yet another walkout from the evening of 24 December to the morning of 27 December will have implications for many services: this is the
I hate to pour cold water on the Prince of Wales’ big night out in Boston on Friday, where he hosted the Earthshot Prize for climate change solutions. William needs all the help he can get to distract attention from his brother and sister-in-law as they continue their crazed attack on the royal family. And
The vote for strike action by 10,000 ambulance drivers who are members of the GMB union is more about public safety than about pay, insists the union. How it will benefit patients to have ambulance drivers go on strike is a little hard to fathom. Particularly so as the GMB has chosen to call a
The US entered recession earlier than the UK and Europe, and suffered its inflation surge earlier too, so it was always likely that its economy would recover earlier. But is the US emerging from recession while Europe and the UK are still plunging into theirs? That’s what today’s data from the Bureau of Economic Analysis
Rail travel has never been cheap, but should we really each be paying £500 a year even if we never set foot on a train? That, according to figures released by the Office of Rail and Road today, is astonishing sum that each household had to contribute to government subsidies for running the railways in the