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
How much longer is the government going to suppress the cost to households of achieving net zero carbon emissions, or try to imply, as business secretary Kwasi Kwarteng recently seemed to imply on the Today programme, that it won’t cost us at all? Even as he spoke Kwarteng was working on a new model for the
Whatever happened to the inflation surge? Last month, when the Consumer Prices Index (CPI) surged to 3.2 per cent, the country started fretting about a return to the 1970s. This month’s CPI figure, though, has fallen to a not-very-1970s like 3.1 per cent. Forty five years ago inflation, on a slightly different measure, peaked at
Should we worry about AY.4.2, the new Covid variant that has been in the news this week? The descendent of the Delta variant — what we once called the Indian variant — was first identified in July. It has since grown so much that in the week beginning 27 September, it accounted for 6 per cent
Who does the government think will be the 90,000 lucky people who succeed in pocketing £5,000 grants to replace their gas boilers with heat pumps? Just-about-managing homeowners in ‘Red Wall’ seats who strained every sinew to buy a draughty two up, two down – or well-off homeowners with nice period houses, lots of capital and
Imagine you run an independent store on the high street. Your business has already been ravaged by repeated lockdowns, which boosted the likes of Amazon at your expense. You are already at a huge disadvantage to online retailers because of your fixed costs. At great risk, you have invested in setting up your own online
Just what would finally bring the seemingly endless boom in house prices to a halt? A global banking crisis which resulted in the collapse of several large institutions plus others having to be bailed out by the government? A pandemic which cost the lives of over 100,000 people in Britain, led to the enforced closure
Why does every government department and agency seem to feel it hasn’t done its job unless it has expressed some hysterical reaction to the threat of climate change? Launching the Environment Agency’s latest report on its plans to prepare for possible changes in England’s climate over the next century, its chair Emma Howard Boyd said:
How is the Prime Minister’s bid to turn Britain into a high-wage economy progressing? It couldn’t be going better just at the moment, to judge by a survey by IHS Markit for KPMG and the Recruitment and Employment Confederation. In September – data was collected between the 13 and 24 September – there was a
Is it any wonder that children and young adults are going down with ‘eco-anxiety’ , as claimed in an opinion piece in the BMJ this week? One of the pieces of evidence it cites is a survey published in 2020, which claimed that 57 per cent of child psychiatrists had dealt with patients who were
Until this morning, few people in Britain will have heard of the works of Wilfredo Pareto (1848-1923). Now, thanks to prime ministerial recommendation, his name is suddenly on everyone’s lips. Maybe he was even the inspiration for the name of Boris Johnson’s one-year-old son. Pareto, apparently, is the inspiration behind the whole idea of ‘levelling
When empires crumble they slide slowly at first, then the temple walls come crashing down. Facebook is not quite at the latter stage yet, but you can hear the creaking in the pillars and lintels. This week, the social media giant suffered two blows: an outage which took down its platform, along with Instagram and
I am not generally given to conspiracy theories, but I have to say there was a point last week where I started asking myself whether there are people in government saying to each other ‘these queues at petrol stations – they are exactly what we need if we are going to persuade people to buy electric
So, the stamp duty holiday has finally come to an end, as the tapered reduction in discounts expires. Now it’s just a case of catching the flight home, getting the dog back from the kennels and watching as the tan fades. And, as with a fortnight in concrete hotel in Benidorm, it is time to
Pharmaceutical companies might think it a bit rich being asked to waive the patents on their Covid vaccines by Harry and Meghan, a couple who have rejected the concept of public service in an attempt to monetise their royal status. But let’s overlook the charge of hypocrisy and ask whether there really is any substance
All current ills in the world, of course, can be blamed on two things: climate change and Brexit. So far, there are few people blaming the rationing of petrol and diesel on extreme weather-related to climate change (although give it time), but the usual suspects have certainly been quick out of the blocks to blame
Has the Bank of England’s Monetary Policy Committee quietly excused itself from its duty of keeping inflation down: namely, keeping the Consumer Prices Index (CPI) close to a 2 per cent target? I ask because the minutes of its September meeting, released today, show little inclination to raise rates from their historic low of 0.1 percent, even
Will it turn out to be Boris Johnson’s Jim Callaghan moment? Briefing reporters on his plane to the US on Sunday, the current PM tried to play down the energy crisis, saying: ‘It’s like everybody going back to put the kettle on at the end of a TV programme, you’re seeing huge stresses on the
Would you touch a ‘green gilt’ issued by the government, with an interest rate of just 0.87 per cent? Some people, apparently, would. The Treasury announced yesterday that it had shifted the first £10 billion tranche of ‘green gilts’ to raise finance for projects such as zero-carbon buses, wind farms and other green things. Indeed,
Why has Britain suddenly been plunged into an energy crisis, with day ahead auction prices for electricity rising to over £400 per MWh, ten times what they were this time last year? The spike in global gas prices caused by economic recovery from Covid has been commented on often enough, as has the failure of
So, is the post-Covid inflation panic over? That is how it looked last month, when the government’s preferred inflation index, CPIH, fell to 2.1 per cent from 2.4 per cent a month earlier. We will have the latest news on Wednesday morning, but for the moment it appears that consumer prices inflation hasn’t taken off like we