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
Did we end up learning anything from the 2008/09 financial crisis? If we did, we seem to have forgotten it pretty quickly again, to judge by the re-emergence of the 95 per cent mortgage. Numerous deals have been launched over the past week, with interest rates of around four per cent – the result of the Chancellor’s
As if Covid hadn’t caused a big enough disruption to the economy and investors, along comes another shocker: the government’s announcement of an even-tighter target for reducing carbon emissions. Britain has now been put on a legally-binding commitment to reduce carbon emissions by 78 per cent on 1990 levels by 2035. What does it mean for
We’ve known from the data from phase three trials that the Pfizer and AstraZeneca vaccines have good efficacy against symptomatic cases of Covid-19. The data also hinted at near 100 per cent efficacy against serious illness, although the limited numbers of participants made it hard to be sure. This morning, however, comes real world data
The Prime Minister has cancelled his trip to India, due to happen next week, though travellers coming from the country are yet to be told to quarantine for two weeks. But the fact India is yet to be put on the red list has caused some surprise given the surge in cases of Covid-19 — up from 12,000
For residents of six London boroughs, as well as those in Smethwick in the West Midlands, the partial relaxation of lockdown rules this week hasn’t quite gone according to plan. They’ve had a day out in the sun, alright, but not necessarily sitting enjoying food and drinks in a pub garden – more likely they
So it was just a blip after all. Remember those huge headlines last month revealing that exports to the EU had plunged by 41 per cent in January, leading frustrated remainers to bleat: we told you so? ‘Brexit – the unfolding disaster’ tweeted Lord Adonis for one, along with a graph showing the sharp fall in
He backed Brexit for a wheeze – and then, when he realised that it was actually going to happen and the implications for his business sank in, he fled to Singapore. That, very simply, is the Remainer case against Sir James Dyson. But how does it stand up against reality now that Brexit has happened?
Just how damaging has lockdown been to children’s education? An Oxford University study has tried to quantify it by analysing data from Dutch schoolchildren — who, unlike in Britain where exams were cancelled, took tests shortly before and shortly after the first lockdown last spring. The level of parental education was a big predictor of
Should we be concerned about the latest React study, which claims that the fall-off in new infections began to plateau from the middle of March? The latest instalment of the monthly study, led by Imperial College, tested a randomised sample of 140,000 volunteers between 11 and 30 March, each of whom was given a PCR
A decade ago, Europe clambered out of the 2008/09 financial crisis only to fall into the sovereign debt crisis of 2010. As the global economy rebounded, Greece, Italy and Spain all had to be bailed out by the ECB as investors lost faith in their ability to carry on servicing their loans. Deep economic cuts
It was the great British scientific triumph: an example of how big pharma can work altruistically for the good of the world, by making a vaccine available at cost price. But is the writing now on the wall for the AstraZeneca vaccine? This afternoon the European Medicines Agency (EMA) ruled that blood clots can be
Could we really see another peak in Covid-19 hospitalisations as bad as January once society reopens in June? That was the story widely reported this morning, based on the latest modelling from SPI-M, the government’s advisory committee on modelling for scientific emergencies. The study caught attention not least because back in January very few people
Over half the adult population has been vaccinated, new infections and deaths have plummeted to their lowest level since last September — and the government chooses this point to launch a programme to test every adult for Covid twice a week. The Prime Minister is due to announce this afternoon that lateral flow testing kits will
I guess the authors of the Commission on Racial and Ethnic Disparities didn’t agree to the job for a quiet life. Even so, the sheer bitterness of the volley directed at them by the grievance industry must have taken them aback. The reaction from the left has been straight out of the Marxist playbook: don’t
Should we vaccinate children against Covid-19? The question is going to be increasingly asked following positive results from a US trial of the Pfizer vaccine in 12 to 15-year-olds. The trial found the vaccine to have a 100 per cent efficacy in preventing symptomatic illness — higher than on older age groups. It was, however,
Should we believe the conclusions of the World Health Organization (WHO) report into the origins of the SARS-CoV-2 virus which, as expected, dismissed the possibility of a laboratory accident while giving credence to the theory that the virus was imported via frozen foods? The first thing to note is that the report does not even claim to
Get ahead with vaccination and you can open up your country sooner. It seems logical, but it is not quite how things are working in Britain, where in spite of this week’s relaxation our lockdown restrictions remain among the toughest in the world. This applies even less in Chile. On 29 March, 6.53 million of
To most of us, cryptocurrencies remain an esoteric world, beloved by nerds and incomprehensible to the rest of us. Does Visa’s announcement this week that it will now process payments directly in a cryptocurrency called USDCoin change that, and hasten us to a day when we will all have cryptocurrency accounts which we use to
The story of Covid has been one of government repeatedly ruling things out – and then coming back several weeks later and introducing them nonetheless. It happened with lockdown, compulsory wearing of masks, and now it looks as if it might be happening with vaccine passports. Remember vaccines minister Nadhim Zahawi telling us of vaccine
The AstraZeneca vaccine has been under attack ever since the results of its phase three trials were announced in December. When the results of US trials were released this week showing 79 per cent efficacy against symptomatic disease and 100 per cent protection from serious cases of Covid 19 – and failing to show up any
