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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It is called managing expectations: priming the public for really bad news so that when modestly bad news arrives it comes across as good news. Today’s public finance figures is a case in point. We have become so used to ever-grimmer predictions of the size of the government’s deficit that the latest figures released this
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Covid has doomed the public finances — not just because the cost of mitigating it has been high in itself but because it has normalised high public spending. When you have just allocated £37 billion to Test and Trace and spend £54 billion on the furlough scheme, a £106 billion high-speed railway to Manchester and
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Throughout the pandemic doubts have been expressed about the reliability of the polymerase chain reaction (PCR) tests which have been used as the ‘gold standard’ of testing for Covid-19 in Britain and elsewhere. Some of this criticism has centred around alleged quotes from Kary Mullis, the Nobel Prize-winner chemist who invented the PCR test in
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This week began with more frightening graphs from SPI-M, the government’s scientific modelling committee. A team at Warwick University calculated that, had the 21 June reopening gone ahead, hospitalisations could have peaked at over 3,000 a day in August. By contrast, the first peak in April 2020 saw 3,149 admissions in one day and the
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The Chancellor, Rishi Sunak, isn’t normally given to waffle, which makes his maiden appearance on GB News all the more remarkable. Asked by Andrew Neil who – government or homeowner – would have to pay the estimated £10,000 per household cost of replacing domestic gas boilers with heat pumps to help reach the target of
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The signs were there for all to see — pubs, restaurants, hairdressers and so on all pushing up their prices. Businesses have to make a profit while observing social distancing, dealing with soaring fuel prices and fast-accelerating wages. Yet the latest inflation figures seem to have caught many people by surprise. The Consumer Prices Index (CPI) is back
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Did anyone fancy being in Boris Johnson’s shoes before he made the decision to delay the full lifting of Covid restrictions? Keir Starmer, perhaps. But even Starmer might have preferred opposition if he had read the latest paper by the Scientific Pandemic Influenza Group on Modelling (SPI-M) committee, which will have informed the Prime Minister’s
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The latest employment figures, published this morning, confirm a remarkable aspect of the Covid pandemic: that it appears to have caused no more than a little bump in the jobs miracle of the past decade. That is in spite of the economy shrinking by nearly 10 per cent in 2020 — a performance that in the
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The link between Covid cases and hospitalisations has been broken, we keep being told – vaccination having reduced the severity of infections, especially among more vulnerable older groups. It is a point reinforced this morning by Public Health England which reveals that the number of cases of the delta (formerly Indian) variant have increased from
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What are the chances of the G7’s agreement on a minimum rate of corporation tax actually coming into effect? While it was presented as a done deal last weekend, things are not going too well. Firstly, the G20 will have to agree — which is far from guaranteed given that smaller countries have less to
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There are still six days to go before the Prime Minister has to decide whether or not to go ahead with the full reopening of the economy and society on 21 June. But there seems little doubt in which way the government is travelling. It is reported this morning that, following a pessimistic presentation by
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Should the NHS be mixing vaccines for better effect, or at least offering people who have had one dose of the AstraZeneca vaccine the choice of having the Pfizer vaccine for their second shot? The question arises because that is exactly the regime which has been followed in Germany since the risk of clotting from
This ‘breakthrough’ is not all it is cracked up to be
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In the middle of last year the US economy was something of a marvel: an economy which was creating jobs at an unprecedented rate, as other economies around the world remained in the deep freeze. Having shed jobs by the million in March, by May it looked as if the jobs market would be back
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Is the Indian variant really more like to land you in hospital? That is the claim being widely reported this morning, based on Public Health England’s technical briefing 14. The briefing claims that the Indian (or Delta variant) is associated with a ‘significantly increased risk of hospitalisation within 14 days of specimen date.’ If you
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Among the scientists and medics calling this week for caution in the government’s reopening of the economy was Dr Lisa Spencer, a consultant in Liverpool and honorary secretary of the British Thoracic Society, who warned on the Today programme on Tuesday that the country was covered with a series of ‘mini Covid volcanoes’ which ‘could
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Time is, I fear, running out. Running out, that is, to avoid handing to a small number of multinational corporations our right to buy and sell things. Running out to prevent governments and central banks helping themselves to our savings, by means of negative interest rates. The payments industry is closing in on its target
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Given the power that the daily statistics of Covid deaths have exerted over us this year, it was only a matter of time before we started being bamboozled with terrifying figures of the estimated death toll from climate change. Sure enough, the latest issue of Nature Climate Change contains a widely-reported paper by the London
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Wasn’t the whole point of crowdfunding supposed to be about enabling community and artistic projects to take place? That was how I remember it being sold to us, at any rate. But no, I got it wrong. It turns out that the real point of it is to help celebrities pay their legal bills. Dr
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Biden’s America, of course, is all about re-engaging with the world after four years of isolationism. But if you are the Irish finance minister, perhaps the new administration isn’t looking quite so cuddly at the moment. Biden’s first big achievement in international cooperation looks like being a global minimum corporate tax rate. It seems that
