The destructive fools of Westminster are needlessly pushing Britain towards a gilts and sterling crisis Daily Telegraph 10/02/26 Britain is acquiring a bad reputation for hounding its leaders out of power in rapid succession and in petulant fashion, lurching from one set of policies to another with no economic or political compass. What I notice in my job covering the world economy is a creeping change in tone. A narrative is taking hold that this country is degenerating into an intractable and feral condition, prone to going down every rabbit hole of the culture war and lacking the discipline to see anything through. This is a dangerous reputation to have for a country that is running a large structural trade deficit, needs constant inflows of foreign capital, and has still not expunged the stain of the Liz Truss episode. Bond markets have become acutely sensitive to any sign of fiscal slippage anywhere on the planet. They will punish states that stray – even America, with the ex...
Sir Keir Starmer has clung on to his premiership after his whole Cabinet were strong-armed into backing his leadership. Daily Telegraph 09/02/26 Every member of Sir Keir’s top team publicly voiced their support within just over an hour of Anas Sarwar, the Scottish Labour leader, calling for Sir Keir to resign. Ministers were ordered by Downing Street to tweet their support for Sir Keir in an attempt to quell the Labour rebellion, The Telegraph understands. Special advisers in No 10, who are directly appointed by the Prime Minister, called ministers this afternoon to ask them to tweet their support. Cabinet members were the first to tweet their support, at the same time as Mr Sarwar was delivering a speech calling for Sir Keir’s departure. Posts endorsing the Prime Minister from more junior ministers and backbenchers came later. Sir Keir will attempt to shore up his premiership when he faces his backbenchers at a meeting of the Parliamentary Labour Party tonight. Mr Sarwar has...