Ross Clark is a leader writer and columnist who has written for The Spectator for three decades. He writes on Substack, at Ross on Why?
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Bank of England chief economist Huw Pill isn’t going to win a popularity contest. Speaking on a podcast for Columbia Law School – a medium in which he perhaps felt a little less exposed than had he said it on a British TV programme – he said: ‘Somehow in the UK, someone needs to accept
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Lockdown ended, the economy reopened – and public sector borrowing went up. Provisional figures for 2022/23 released by the Office for National Statistics (ONS) this morning show that the government borrowed £139.2 billion. This is an increase of £18.1 billion on the previous year, when the economy was still being disrupted by Covid. The figure
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We have spent a year talking about energy security, but with inflation in food prices running at 19 per cent, how much longer before the debate turns to food security? Ideally, we would have policies which prioritise energy security as well as food security, but sadly the latter seems to have been forgotten. National self-sufficiency in
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At 3 p.m. this afternoon, our phones will awaken with a screech announcing impending doom. It won’t be for real (unless a terror group decides it is an opportune moment to launch an attack) but an exercise in testing a new civil defence warning system – an updated version of the network of sirens used
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Has the BBC been invaded by a cabal of Extinction Rebellion protesters who have tied up the Director General in his swivel chair? I ask because of a remarkable interview on Newsnight which marks a new low in the objectivity of the BBC’s climate coverage. The flagship BBC Two news programme last night covered the threatened
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Did retail sales really fall in March because of the wet weather? This is the excuse being trotted out by the ONS and many others this morning. Or is it really more a case of February’s surprise rise in sales being too good to be true, and the economy not being as perky as we
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Ryanair boss Michael O’Leary never has exactly been the master of tact, but will his latest outburst make his customers finally ask themselves: do they really want to travel in his planes? Speaking at a Bloomberg event he asserted that Britain will one day rejoin the single market because ‘in the next five to ten
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Just what would it take to induce a housing price crash in Britain? Evidently, more than a Bank of England base rate of 4.25 per cent combined with a cost of living crisis. The Office for National Statistics’ House Price Index – the most comprehensive of the house pries indices – shows that prices fell
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You have to feel a little sorry for Rishi Sunak. When you have a wife as rich as Akshata Murty, just how do you keep tabs on all her investments, making sure that each one of them is properly declared as an interest in the House of Commons Register? The Prime Minister has suffered the
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Are we going to have to give up flying to save the planet? Many climate campaigners have been saying so for years, but now Sustainable Aviation – a trade body which represents the UK aviation industry – seems to agree, at least in the case of less well-off passengers. It is rather significant that the
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How big a deal is long Covid and can it be treated? Opinions range from it being a serious impediment to the health of millions of those who suffered from Covid-19 to a figment in the imagination of the workshy. A study by the University of Oxford of a drug developed by US Pharmaceutical company Axcella
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The term ‘hostile environment’ was dreamt up by the Home Office to describe a policy of making migrants lives’ so difficult that they would be minded to pack up and leave the country. But it could equally well have been coined to apply to the government’s policies towards buy-to-let investors. For years, governments of all
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Good news – at least for those who hold faith in economic forecasts. The IMF has just eradicated half the recession it forecast, in January, for Britain. At that point, it expected the UK economy to shrink by 0.6 per cent over 2023 – which would have meant Britain uniquely suffering a recession among advanced
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The path from the editor’s chair at The Spectator to 11 Downing Street was not untrodden when Mrs Thatcher asked Nigel Lawson to replace Geoffrey Howe as Chancellor of the Exchequer after the 1983 general election. Iain Macleod had made the same journey in 1970. But whereas Macleod died 13 days into the job, Lawson
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Just when we thought inflationary forces were softening, the price of crude oil has shot up sharply today in response to an announcement by Opec that it will try to reduce production. A barrel of Brent crude, which touched $120 last summer before falling back to $75 last month, reached $85 at one point today.
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If anyone thought that the public sector strikes were fading out, this week marks a resurgence, with Passport Office staff striking for five weeks – apparently on behalf of other civil servants whose absence might be less noticed – along with the National Education Union (NEU). The education union voted by a margin of 98
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Britain’s acceptance into the Comprehensive and Progressive Trans Pacific Partnership (CPTPP) will be presented by the government as a triumph, a statement that Britain really does, finally, have something substantive to show for Brexit. It is a deal which could not have been done so long as Britain remained a member of the EU, as
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The location of Rishi Sunak and Grant Shapps’s net zero relaunch today shows there has been a change of emphasis since the PM set up the Department for Energy Security and Climate Change last autumn. One suspects a bit of ideology creeping in: fossil fuels have become a great bogeyman, and nothing will make them
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It is not just Gary Lineker, apparently, who has fallen victim to sinister right-wing forces at the BBC. A follow-up programme to David Attenborough’s BBC1 series Wild Isles, focusing on the decline of UK wildlife, will not be shown on terrestrial television but only made available on iPlayer. ‘The decision has angered the programme-makers and
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The end of the dollar as the world’s reserve currency has been predicted so many times that it is tempting to nod along with Jay Powell, Federal Reserve chairman, who pronounced last week that there is no immediate threat. But with high inflation in the US and China cuddling up with Russia, is it something
