A Very Good Election to Lose
The government has to cut the deficit. That involves raising taxes and cutting spending. The government can’t do it too quickly, or it would tip the country back into recession. But the government will have to administer some cuts in spending, because the bond market insists on it. The government can’t cut too thoroughly, because the electorate won’t wear it. Inflation looks like the only way out. Not too much inflation, because the bond market wouldn’t like that. Also, the rules currently forbid it – but the rules, let’s face it, are the least of the problems. So it’s easy to see why financial insiders think it doesn’t make much difference who wins the next election. More
Clive James
Clip show presenter, chat-show host, star of a series of travel documentaries, essayist, lyricist: he was for a time a king of all media, even publishing a bestselling novel, Brilliant Creatures, in 1983. His shtick – part rough diamond, part name-dropping highbrow, part fast-talking joker, part self-delighting goon, with a dry, singsong Aussie delivery – was something you were expected to understand jokes about if you lived in Britain in the 1980s. A balding, slightly tubby man with a weightlifter’s neck and near invisible eyes, he also presented an end-of-year show in which his ritualistic efforts to flirt with the likes of Jerry Hall were a running gag. More
Human Rights Law
If the first legitimate worry about a social democratic bill of rights would be an explosion of litigation, the second concerns the danger of legitimating a wrong or a great injustice. The Human Rights Act has not really been tested in this regard, since Labour has done so little of an even vaguely socialist nature. But the right to property probably did constrain it in relation to the nationalisation of Network Rail (otherwise why pay compensation?) and there can be little doubt that private schools are standing by with batteries of lawyers to argue that even removing their charitable status (much less the schools themselves) will be a breach of the human rights of parents. More
