Ross Clark is a leader writer and columnist who has written for The Spectator for three decades. His books include Not Zero and The Road to Southend Pier.
The trouble with emergency financial measures is that the crises used to justify them never seem to end. Just as the Bank of England couldn’t bring itself to think the time was ever right to reel back the ultra-low interest rates and quantitative easing it introduced at the nadir of the 2008/09 financial crisis, so
There is one certainty for every Budget day: that the chancellor will dream up some novel scheme to prop up the housing market. Rishi Sunak’s idea of providing state guarantees for 95 per cent mortgages taken out by first time buyers isn’t, however, that new. It is really just a reheated version of one branch of
We mustn’t abandon the railways to market forces, many on the left asserted when British Rail was broken up and privatised in the 1990s. They needn’t have worried. A quarter of a century on and we have yet to see a market force take to the tracks. Wasn’t the whole purpose of privatisation supposed to
How worried should we be about the news that P1, one of the two Brazilian variants of Sars-CoV-2, has been found in six people who travelled from Brazil to Britain before the hotel quarantine rules came into force, and that one of these people has yet to be traced? Variant P1 is of concern not
Is the decline in new Covid infections slowing down? That is the picture painted by the government’s figures for confirmed infections, arrived at via the NHS Test and Trace system. The most recent figures show that the 71,320 cases recorded in the seven days to Wednesday are 15 per cent down on the previous seven
The UK policy of delaying second doses of the Pfizer vaccine has been criticised by some as risky, with Pfizer warning that there is no data on the effectiveness of its vaccine other than for the dosing regime used in phase 3 trials: two doses, 21 days apart. But evidence is steadily trickling through. Earlier in
When the Prime Minister mentioned ‘Covid status certification’ as part of his route back to normal life, one man must have enjoyed the moment. For Tony Blair it was yet one more little victory in his UK comeback tour, made all the sweeter because Boris Johnson was once a principal opponent of the idea of
Secondary-school children returning to school from 8 March will be required to wear masks in classrooms, at least for several weeks. That is in contrast to the initial return of children to school last summer. It wasn’t until November that they were required to wear masks at school, and then only in corridors and other
What an enriching business it is, having a global pandemic. That is the conclusion, at any rate, one might reach from reading, in isolation, the government’s figures on employment and earnings. According to the Office of National Statistics (ONS) the average earnings for employees have risen by 4.7 per cent over the past 12 months –
The two vaccines approved and in use in Britain showed high efficacy rates in trials, but it takes time for data to creep through on efficacy in the real-world. We are, however, getting the first figures trickling through. This morning comes a paper evaluating the effectiveness of the Pfizer-BioNTech and AstraZeneca-Oxford vaccines in preventing hospitalisation
Is the British approach of prioritising first doses of Covid vaccines and not promising a second dose until 12 weeks later compromising our ability to fight the disease? It is not a moot point, with several EU figures asserting that it is a risky route to take. As I wrote here a couple of weeks
Last month, Imperial College’s React study claimed that new cases of Covid were static or even rising slightly. This contradicted the figures for confirmed new cases, obtained through the Test and Trace system, which had shown a sharp fall in new cases from the second week of January onwards. Given that React tests a randomised
Before we had vaccines, NHS Test and Trace was supposed to be the breakthrough that would return us to a normal life. After all, testing, tracing and isolating contacts of infected people was credited with keeping Covid infections down in South Korea, Taiwan and elsewhere, so why wouldn’t it work here? Instead, we had a
Bank of England chief economist Andy Haldane last week described the UK economy as a ‘coiled spring’ waiting to rebound just as soon as lockdown restrictions are eased. But is it a spring like the one on which Zebedee from the Magic Roundabout used to bounce around, or is it like a Slinky – the
Will schools in England reopen on 8 March, and if so will it be partially or fully? It is likely to be the first firm measure to be announced when the Prime Minister presents his roadmap back to freedom next Monday. He has, after all, promised to give schools two weeks’ notice of when they will
On Saturday the government hit its target of administering a first vaccine dose to 15 million of the highest-risk groups for Covid 19. By now, everyone over the age of 70, all healthcare workers and vulnerable groups should have been offered a vaccine. It is an impressive achievement which stands in contrast to many of
Well, that’s alright, then — we’re not going to have another recession. True, the Bank of England’s monetary policy committee expects the economy to shrink by 4 per cent in the first quarter of this year — following a fall of 9.9 per cent fall last year, itself the deepest plunge in economic growth in
Not for the first time, metropolitan-based commentators and MPs have proved themselves to be out of kilter with the wider population. But there is an especially interesting disparity over the government’s proposals for ten-year jail sentences for travellers who try to conceal they have travelled from one of 33 ‘red list’ countries in order to
If your local pub ever reopens, don’t be surprised if one thing is missing: the till. The anti-cash lobby is seeking to take advantage of the pandemic to rid us of our banknotes once and for all. When UK Finance — the trade body for the banking and payments industry — pushed the government two
Coronavirus, we have been warned many times, has brought scammers out in force. But lobbyists are not far behind. Their activities may not be illegal, but they are pretty disgraceful nonetheless. Hardly had the coronavirus outbreak begun in January than my email inbox began to fill up with press releases claiming that the contagion was