Sir: Sir James Dyson is right (Letters, 20 January). We need big farming; that is where our food comes from. But the elephant in the room is tax — inheritance tax and roll-over relief — which of course he conveniently skirts. Farming at this level needs subsidy precisely because land is too expensive for food production
PM: Mr President, how are you? DT: I’m good thank you, Piers. PM: It’s been a while! DT: It has, since you became my Champion on the Apprentice. PM: Well that was 10 years ago. DT: Can you believe it? It’s a long time but I appreciate all the nice things you’ve said, and every
Reasons to use less plastic Sir: Yes, packaging from petrochemicals is bad, but what if we set out to use less of it? Like Ross Clark, I was once dismayed by wilting vegetables in my village shop (‘The great plastic panic’, 20 January). Then the shop closed, to be replaced by a community shop and
A decade ago, bankers were not merely the masters of Davos, but the ‘masters of the universe’. No one calls them that any more. It is a mark of how far the global economy has shifted that the market capitalisation of Goldman Sachs was this week overtaken by that of Netflix, the online entertainment company.
Home Boris Johnson went on manoeuvres again. The media were briefed that, in a meeting of the cabinet, he would call for the National Health Service to be given another £100 million a week. ‘Mr Johnson is the Foreign Secretary,’ Philip Hammond, the Chancellor of the Exchequer, said. ‘I gave the Health Secretary an extra
Redundant robots Fabio, a robot assistant in an Edinburgh grocery store, was retired after scaring customers. We worry about artificial intelligence destroying jobs, but sometimes it’s the robot that gets the P45: Elektra, a 7ft-tall robot with a brain formed of 48 electrical relays, was displayed at the World’s Fair in New York in 1939.
Amongst the many ‘aphorisms’ of Yogi Berra, the New York Yankees baseball manager, were ‘The future ain’t what it used to be’ and ‘It was déjà vu all over again’. First prize Christopher Hanafin, Adare, Co. Limerick Runners-up John Challoner, Newport, Essex; P.D.H. Riddell, London SE23
For Jeremy Corbyn and his allies, there has been no far-left takeover of the Labour party or its governing National Executive Committee. It’s true that, this week, Corbyn supporters came to control the majority of the NEC, completing their command of the party apparatus. But they see this as getting rid of the last of
Investing in farming Sir: Martin Vander Weyer (Any other business, 13 January) says, unhelpfully and inaccurately, that subsidies ‘absurdly’ favour bigger farms. As we look towards life after Brexit, instead of debating the merits of small vs large, the government should incentivise good rather than bad. My family’s farming business, Beeswax Dyson Farming, farms 33,000
Big losers Construction company Carillion collapsed with debts of £1.5 billion. How does that compare with other UK corporate failures? Overend Gurney & Co, a bank, collapsed in 1866 with £4 million in liabilities (£400 million at today’s prices). Polly Peck failed after a fraud probe with £100 million in debts (£217 million). Barings Bank
For Jeremy Corbyn and his allies, there has been no far-left takeover of the Labour party or its governing National Executive Committee. It’s true that, this week, Corbyn supporters came to control the majority of the NEC, completing their command of the party apparatus. But they see this as getting rid of the last of
Home Carillion, the construction and service-provider with 20,000 employees and many contracts for the public sector, went into liquidation with debts of £1.5 billion, owing 30,000 businesses £1 billion. The government said it would pay employees and small businesses working on Carillion’s public contracts ‘to keep vital public services running rather than to provide a
A beastly business The quote is 1A/92/18D from the poem ‘A Visit from St Nicholas’. The theme was the names of the eight reindeer in the poem. Three were highlighted whilst the others each suggested three unclued lights: Dasher (26, 63 and 83 — sprinters); Comet (12, 48 and 64 — astronomers’ names given to
From ‘The Bolshevik negotiations with Germany’, 19 January 1918: We think that the fact is fairly emerging from the negotiations that the Bolsheviks are not, as some people supposed, the pliable tools or even the agents of Germany, but are idealists genuinely inspired by their mania. Of course, a great deal of harm may be
This piece first appeared as the leading article in this week’s Spectator magazine. It is only a few months since gloomy economic commentators were confidently predicting that the world was about to plunge into a dark era of protectionism. Yet the global economy begins this year in its healthiest state ever, growing faster than any
It is only a few months since gloomy economic commentators were confidently predicting that the world was about to plunge into a dark era of protectionism. Yet the global economy begins this year in its healthiest state ever, growing faster than any time since 2011. There has been a change in political rhetoric, but not
Long lives and pension pots Sir: Jon Moynihan is too optimistic about the prospects for further increasing life expectancy, and too gloomy about those of the pensions industry (‘Falling Short’, 6 January). The wondrous advancements of medical science have offered little to solve the most pervasive problem we now face: declining mental health. It seems unlikely
Many people are gloomy about 2018. But some things are improving every year… Natural disasters These killed 9,066 people in the world in 2017, fewer than any year since 1979. From 2008 to 2017 an average 72,020 died in such disasters. Fifty years earlier (the period 1958-67) the average was 373,453. Life expectancy The current