The Spectator

Thursday

The Spectator

Portrait of the week | 8 November 2018

From our UK edition

Home Theresa May, the Prime Minister, set off for St Symphorien Military Cemetery in Mons, from which she was to join President Emmanuel Macron to lay wreaths at Thiepval for the centenary of the Armistice. Jeff Fairburn resigned as chief executive of Persimmon, the housing company, after his £75 million bonus attracted public comment. Marks & Spencer reported falling clothing and food sales. The New Look fashion chain increased the number of shops it planned to close from 60 to 85. British Airways passengers on a flight from Orlando, Florida, scheduled to reach London eight hours later, spent 77 hours on the journey, including an opportunity to sleep on the floor at JFK airport in New York.

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to 2381: Step changes

From our UK edition

The word ladder connecting UNITED and STATES goes: UNITES (1D), URITES (18), WRITES (7D), WHITES (34), WHILES (30A), WHALES (7A), SHALES (10), STALES (31).

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Giving thanks

From our UK edition

From ‘Thanks be to God’, 16 November 1918: The thought that filled the mind of the nation on Monday, and has possessed it ever since, is the thought, Thanks be to God. Under a thousand names and forms, consciously and unconsciously, realized fully or only half realized, this has given unity to the nation and made the moment mighty. Not to have recorded this fact, and to have left unsaid what we have just said, would have been impossible. But it is equally impossible to say more. If it is true that the greatest truths demand the greatest care in their statement, it is also true that the greatest and most moving thoughts entertainable by man can only find the simplest expression… We profess deep gratitude, and we feel it.

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Books of the year – part one

From our UK edition

Andrew Motion Short stories seem to fare better in the US than the UK, and among this year’s rich crop, Deborah Eisenberg’s Your Duck is My Duck (Ecco, £20.70) is outstanding. Everything about Eisenberg’s writing is highly controlled — watchful, well-made — and everything it describes teeters on the verge of chaos or collapse. It makes for a brilliant mixture of a book — at once compact and capacious, eerily familiar and extremely strange. Roger Lewis One of my favourite authors is Laura Thompson. Her biographies of sundry Mitfords, of Agatha Christie and Lord Lucan (recently revised in the light of the unpleasant Countess’s demise) are brilliant and forensic.

Friday

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The winners of the Economic Disruptor of the Year Awards 2018 | 2 November 2018

From our UK edition

Which UK companies are rewriting the rules and redefining their marketplaces? Earlier this year, The Spectator and Julius Baer launched the inaugural Economic Disruptor Awards to celebrate the most creative entrepreneurs in the UK. Over the past six months, over 100 nominations have been reviewed by our panel. Last night, we announced the winners at a gala dinner hosted by Andrew Neil, Chairman of The Spectator, and attended by over 120 guests from across the world of business. We are delighted to announce that the 2018 Economic Disruptor of the Year is Pockit – a low-cost, easy-access banking app aimed at helping Britain’s ‘unbanked’.

The Spectator

The winners of the Economic Disruptor of the Year Awards 2018

From our UK edition

Which UK companies are rewriting the rules and redefining their marketplaces? Earlier this year, The Spectator and Julius Baer launched the inaugural Economic Disruptor Awards to celebrate the most creative entrepreneurs in the UK. Over the past six months, over 100 nominations have been reviewed by our panel. Last night, we announced the winners at a gala dinner hosted by Andrew Neil, Chairman of The Spectator, and attended by over 120 guests from across the world of business. We are delighted to announce that the 2018 Economic Disruptor of the Year is Pockit – a low-cost, easy-access banking app aimed at helping Britain’s ‘unbanked’.

Thursday

The Spectator

Barometer | 1 November 2018

From our UK edition

On the wagon A ‘caravan’ of several thousand Central American migrants was reported to be travelling through Mexico towards the southern US border. The concept of a caravan comes from karwan, a Persian word for a group of merchants who would travel together to take advantage of safety in numbers. In its turn it is believed to have derived from the Sanskrit word for camel. It is first recorded in English in the late 17th century for a large number of people travelling together, and soon afterwards became a word for a covered wagon — predating the motor car by two centuries.

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Letters | 1 November 2018

From our UK edition

Political vitriol Sir: Vitriol and incivility seem to be everywhere in politics just now. In the last issue (27 October) John R. MacArthur linked a ‘rise in national coarseness’ to the election of Donald Trump, while Freddy Gray hints at a longer historical perspective when he writes that American politics ‘has always been unpleasant’. That ‘always’ is not hyperbole: in Alexander Hamilton Ron Chernow describes in vivid detail the ‘vile partisanship’ of the 1790s, stoked by newspapers that were often ‘scurrilous and inaccurate’. ‘Nothing can now be believed which is seen in a newspaper,’ said Thomas Jefferson, third president of the United States.

The Spectator

Portrait of the Week – 1 November 2018

From our UK edition

Home Austerity was ‘finally coming to an end’, Philip Hammond, the Chancellor of the Exchequer, said in the Budget. He was helped by what he did not call a magic money sapling, in the form of revised estimates of public borrowing in 2018, £11.6 billion lower than forecast. Debt as a share of GDP, from a peak of 85.2 per cent in 2016-17, would still be 74.1 per cent by 2024. Mr Hammond repeated a pledge of an extra £20.5 billion for the NHS over the next five years, with an extra £2 billion a year for mental health services. Councils would get £700 million more for care. The personal tax allowance would rise from £11,850 to £12,500, a year earlier than announced, benefiting 31 million employed people by at least £130 a year.

The Spectator

Unhealthy spending

From our UK edition

Since the Budget, economists have pointed out that Britain is turning into a health service with a government attached. The NHS was protected from what Philip Hammond calls ‘austerity’, yet it has emerged as the big winner from his abandonment of the old Tory idea that government should live within its means. The plan is for more debt, more spending, more tax and a lot more NHS. At the start of the last decade, the NHS accounted for 23 per cent of government spending on public services: this figure is now set to rise to 39 per cent. And then, no doubt, further still. Simon Stevens, the chief executive of the NHS, will soon run an organisation that has more people and money than some European Union countries.

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to 2380: Dedover

From our UK edition

The unclued Across lights are US state capitals and the unclued Down ones are the states. The title refers to DELAWARE (DE) and its capital DOVER.   First prize D.P.

Monday

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Full text: Philip Hammond’s Budget statement 2018

From our UK edition

Mr Deputy Speaker, Today, I present to the House a Budget for Britain’s future; A budget that shows the perseverance of the British people finally paying off. A Budget for hard working families, who live their lives far from this place and care little for the twists and turns of Westminster politics. People who get up early in the morning to open up factories, shops, and building sites, to drop their kids off at school to check on elderly relatives and neighbours. The strivers, the grafters and the carers who are the backbone of our communities and our economy.

The Spectator

Live: Budget 2018 – Philip Hammond announces the end of austerity

From our UK edition

Philip Hammond has delivered his final Budget before Brexit. The Chancellor said that the era of austerity is coming to an end as he pledged extra cash for no deal preparations and slapped a digital services tax on tech giants such as Facebook and Google. He also revealed that the OBR has upped its growth forecast to 1.6 per cent for 2019/20. Here are the key announcements: Government abolishes the use of Private Finance Initiatives Extra £420m to repair potholes An extra £20.

Thursday

The Spectator

Letters | 25 October 2018

From our UK edition

Irish problem Sir: What James Forsyth calls ‘the EU plan’ to keep Northern Ireland in the customs union after Brexit (‘The Irish problem’, 20 October) would no more ‘ease Northern Ireland away from the UK and push it more towards Dublin’s orbit’ than it has already done itself through numerous legislative differences. With regard to social issues such as abortion and same-sex marriage, Northern Ireland is far closer to the Republic (as it once was) than to the rest of the UK. It would therefore be no great stretch to avoid awkwardness of land border checks (and respect the spirit of the Good Friday Agreement) by having such checks at the sea ports.

The Spectator

Portrait of the Week – 25 October 2018

From our UK edition

Home Theresa May, the Prime Minister, found herself in another crisis over Brexit. Backbenchers whispered that 48 letters were being collected to present to the chairman of the 1922 Committee to trigger a vote of confidence. What annoyed some of her own MPs was a scheme (intended to make less likely the imposition of a backstop agreement over the Irish border) to extend by up to a year the Brexit implementation period that was supposed to end on 31 December 2020. During an emergency cabinet conference-call, Esther McVey, the Work and Pensions Secretary, was said to have told Mrs May that she was ‘devastated’ by the provision. An unnamed Conservative former minister told the Sunday Times: ‘The moment is coming when the knife gets heated, stuck in her front and twisted.

The Spectator

Hammond’s House of Horrors

From our UK edition

What is the point of Philip Hammond? Most chancellors have an agenda, but it’s hard to discern any purpose or direction from the current one. Gordon Brown’s project was to oversee the largest expansion of government spending in peacetime history — which he achieved, albeit with ruinous results. George Osborne spoke about trying to wind this programme back. The results were decidedly mixed, but at least he had an idea about what he sought to achieve. Mr Hammond, by contrast, has spent his time in the brace position preparing for Brexit. When he delivers his Budget on Monday, he might have to admit that the country does not seem to be quite so worried. Companies have been hiring at a rate never seen before. Youth unemployment is at an all-time low.

The Spectator

to 2379: Shocking

From our UK edition

The word is ‘pink’. Definitions of the eight headwords are: CARNATION (9), STAB (43), CHAFFINCH (22D), SMALL SAILING SHIP (41/1A/13), YELLOW LAKE PIGMENT (11/45/14), BLINK (40), SMALL (41) and SAMLET (8). PINK (in the eighth column) was to be shaded.   First prize Mrs C.J.