Ross Clark

Ross Clark

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?

The wishful thinking of COP26

From our UK edition

History records that George II was the last British king to lead his troops on the battlefield, at the Battle of Dettingen in 1743. But maybe it is only a matter of time… Addressing the COP26 summit in Glasgow Prince Charles called for a 'vast military-style campaign' against climate change. We must put ourselves on a 'war-like footing', marshalling the resources of the private sector as we did during wartime. I look forward to the sight of Charles, on horseback, leading a battalion against Xi Jinping’s People’s Army to try to take the site of China’s latest coal-fired power station. There is a very big problem with this kind of rhetoric.

Why are Covid cases going down?

From our UK edition

Imagine if the government had taken notice of the assorted scientists who, a couple of weeks ago, were imploring them to immediately enact ‘Plan B’ and reintroduce measures such as compulsory mask-wearing, working from home and limits on gatherings. The current dip in new Covid cases would be heralded as a sign of the success of the policy, and there would be calls for new lockdowns, or semi-lockdowns to control Covid infection numbers in the winter. Something similar happened back in July when some scientific opinion was in favour of delaying the full reopening of the economy and society. At the time, professor Neil Ferguson warned that infection numbers would certainly hit 100,000 a day and could even reach 200,000.

What’s really behind the net-zero zealotry of big businesses?

From our UK edition

Boris Johnson’s biggest challenge at COP26 doesn’t lie in avoiding a finger-wagging from Greta Thunberg, who won’t be going. Neither will it be in preventing the party being spoiled by Insulate Britain holding up the limousines of the great and good. Nor will Johnson have to struggle too hard to persuade his fellow world leaders to sign some kind of declaration strong enough to be spun as a triumph but anodyne enough to allow China, Russia and others to ignore it. No, the PM’s biggest challenge lies in fending off the demands of big businesses, who have latched themselves to the cause of net zero with great gusto, aware of its value to their brands.

Who should pay for nuclear?

From our UK edition

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 funding of nuclear power stations that was unveiled yesterday in the form of the Nuclear Energy Finance Bill. The proposed legislation will impose levies on energy bills in order to subsidise the construction of new nuclear power stations.

Is inflation slowing?

From our UK edition

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 over 20 per cent. So are we really heading for an inflationary surge? It turns out that the biggest contribution to this month’s slight fall in CPI is in restaurant prices.

How concerning is the new Covid variant?

From our UK edition

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 of all new cases in Britain — and is on an ‘upwards trajectory’, according to the UK Health Security Agency. It has been reported as being as much as 10 to 15 per cent more transmissible than the original Delta variant, which was estimated to be seven times as transmissible as the first variant detected in Wuhan.

This heat pump scheme is a bung to the rich

From our UK edition

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 three cars on the drive? Here’s a little clue: even taking into account the £5,000 grant it will still cost upwards of £5,000 to install the heat pump itself, plus another £10,000 for insulation and to install larger radiators – so it is really not an option for the first group. As for the second, they are bound to lap up those grants, just as they have every other environmental handout on offer.

Rishi’s online sales tax won’t save the high street

From our UK edition

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 operation – which obviously costs you a lot more per unit of sales than it costs the online giants. In your shift online you have effectively become shunted up a side street, while Amazon, eBay and the like occupy the prime spots on the high street. How, then, are you going to react to the news that the Chancellor is looking to hit the new side of your business with a two percent online sales tax?

Will inflation cause a house price crash?

From our UK edition

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 of most shops and contracted the UK economy by nearly 20 per cent in a year? Had you raised either scenario when the market was racing ahead in the mid-2000s there would have been a general assumption that yes, either would have been fatal, leading to a house price crash. Sure enough, the first of these – the 2008/09 banking crisis – did lead to a sharp fall in prices, albeit one which was rapidly reversed in London and the South East.

Do we really need to panic about flooding in Britain?

From our UK edition

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: ‘Some 200 people died in this summer’s flooding in Germany. That will happen in this country sooner or later, however high we build our flood defences, unless we also make the places where we live, work and travel resilient to the effects of the more violent weather the climate emergency is bringing. It is adapt or die.

Is Britain’s economy being starved of talent?

From our UK edition

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 sharp rise in hiring, while starting salaries were rising at their fastest pace in the 24 years in which the survey has been undertaken. The number of permanent as well as temporary appointments was high, although the latter fell back from a record high in August. The survey suggests that the jobs market turned in February and has been strong ever since then. Is the boon in wages really such good news for the economy?

It’s no wonder young people have ‘eco-anxiety’

From our UK edition

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 feeling anxious about climate change. It would be easy to dismiss this as another case of the ‘snowflake generation’ lacking the toughness of their forebears. But even if it is true that earlier generations of children, such as those brought up during the second world war, seemed to cope much better with the genuine threat of being wiped out by the nightly bombing of British cities, I think we ought to take it seriously as a mental health issue.

Levelling up is Johnsonian cakeism

From our UK edition

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 up’ But was it good idea to raise the memory of the Italian economist and political philosopher? Pareto, apparently, is the inspiration behind the whole idea of ‘levelling up’.

Facebook’s empire is beginning to crumble

From our UK edition

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 WhatsApp, and an expose by a disillusioned ex-employee who accuses the company of saying one thing about social responsibility in public – while behaving quite differently in private. Many of us might not notice if Facebook suddenly wasn’t there. But it is a different story for the many businesses which have built their model on the back of selling via Facebook or Instagram.

No, Zac Goldsmith, Teslas are not the solution to the fuel crisis

From our UK edition

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 cars and phase out petrol and diesel by 2030'. It seems I wasn’t wrong. Except, that is, Zac Goldsmith, a foreign office minister, isn’t saying it quietly. He said in an interview with the Independent of the petrol crisis: “It's a pretty good lesson on the need to unhook ourselves from dependence on fossil fuels. You're not seeing the same problems with people who have electric vehicles.

Did house-buyers really gain from the stamp duty holiday?

From our UK edition

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 start asking: was it really all worth it?  If the aim was to stimulate the housing market it was a runaway success – in the year to the 2nd quarter of 2021 there were 1.258 million residential transactions, compared with 996,050 in the same period in 2018/19. Proving the Laffer Curve in action, the latter stages of the stamp duty holiday have even succeeded in raising more revenue: government receipts in the first eight months of 2021 were £7.

Harry and Meghan are wrong about Covid vaccine patents

From our UK edition

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 to Harry and Meghan’s charge that ‘ultra-wealthy’ pharmaceutical companies are holding up the vaccination of the developing world by refusing to surrender their intellectual property. It is certainly not true in the case of AstraZeneca, which has made its vaccine available at cost price.

Is Brexit really to blame for fuel-rationing?

From our UK edition

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 it all on Brexit. Lord Adonis, for example, has claimed:  'Brexit is now leading to fuel-rationing' BP has blamed its inability to keep petrol stations stocked on a shortage of lorry-drivers, but can that really be blamed on Brexit?  In July, the Road Haulage Association (RHA) published a survey of 615 haulage firms as to what they thought was the cause of the then already-developing driver shortage.

Has the Bank of England given up on its duty?

From our UK edition

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 though it predicts that inflation will rise above 4 per cent and stay there at least into the second quarter of 2022.  The MPC seems to have evolved into a Committee for Leaving Interest Rates Alone or Occasionally Lowering Them You can argue that inflation isn’t everything, that growth matters more and that monetary policy should not obsess about short-term targets.

Is this Boris’s ‘Crisis, what crisis?’ moment?

From our UK edition

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 world supply systems.'  The gas price spike would be over just as soon as it occurred, he implied, and was caused by nothing more than the global economy rebounding after many months on the Covid couch.