Eu

New European giants? Standard-Aberdeen looks a better bet than Peugeot-Vauxhall

Budget week also turned out to be a week of notable deals. PSA, French owner of Peugeot and Citroën, went ahead with its €2.2 billion takeover of Vauxhall and Opel from General Motors, creating ‘a new European giant to challenge Volkswagen’, according to the spin, and new fears for those who foresee post-Brexit attrition of the British motor industry. By way of reassurance, PSA boss Carlos Tavares said a hard Brexit is an ‘opportunity’ — to beef up the domestic supply chain while reducing component imports from the EU — and that ‘I trust Vauxhall workers’ to improve their productivity. That last bit sounded to me more like a threat

Will Theresa May change her mind on an early general election?

Downing Street has rejected William Hague’s call for a snap general election. The former Conservative leader argues in his Telegraph column today that this would ‘strengthen the government’s hand at home and abroad’, but Number 10 says this isn’t something Theresa May ‘plans to do or wishes to do’.  Theresa May is often compared to Gordon Brown, but one thing she will have learned from that previous Prime Minister was that to talk about an early election is a very bad idea, especially if it then turns out that it isn’t something that you wish to do either. But is she secretly keen on an early election? Those who are

Tom Goodenough

What the papers say: Why amending the Brexit bill would be a mistake

Remember David Cameron’s renegotiation with Brussels in the run-up to the referendum? There’s a good chance you’ve probably forgotten; after all, even the Prime Minister wasn’t keen to talk up his paltry deal. Yet there’s a danger of history repeating itself if peers have their wicked way, warns the Sun. ‘Peers and rebel Tory MPs’ are keen to tangle up Theresa May with a veto on whatever she agrees with the EU, the paper warns. This would be a mistake. It’s clear that Cameron’s renegotiation ‘failed because EU leaders didn’t take him seriously’. And if Brussels ‘knew the Prime Minister might be sent back to compromise time and again’ they’d

Carry on Major: real democrats don’t shout down Europhiles

As Prime Minister, John Major was intolerant of opposition from within the Conservative party over the EU — memorably calling Maastricht rebels ‘bastards’. It was unwise, and the bad blood it created within his party has been swirling around ever since. Now that the tables have turned and Sir John now finds himself the rebellious outsider on Europe, it is tempting for those on the Conservative party’s Eurosceptic wing, who for so long were denounced as freaks, fruitcakes and swivel–eyed loons, to take the same approach. Their instinct is to denounce Sir John, Michael Heseltine, Ken Clarke and others as dinosaurs seeking to deny the will of the British people. A

Carry on, Major

As Prime Minister, John Major was intolerant of opposition from within the Conservative party over the EU — memorably calling Maastricht rebels ‘bastards’. It was unwise, and the bad blood it created within his party has been swirling around ever since. Now that the tables have turned and Sir John now finds himself the rebellious outsider on Europe, it is tempting for those on the Conservative party’s Eurosceptic wing, who for so long were denounced as freaks, fruitcakes and swivel–eyed loons, to take the same approach. Their instinct is to denounce Sir John, Michael Heseltine, Ken Clarke and others as dinosaurs seeking to deny the will of the British people. A

Matthew Parris

From now on, I’ll greet Brexiteers with a grin

I’m cheering up about Brexit. The moaning has to stop. Why be downhearted and edgy when you’re confident of your argument? Leavers: you’re all wrong. I’m not totally sure — one never can be — and certainly I could be mistaken: and one day we’ll know. Meanwhile I place my confidence in the judgment of those in British politics I most admire, people like Michael Heseltine, Chris Patten, John Major, Ruth Davidson and Kenneth Clarke; and, sticking to my guns and with a merry two fingers up to the lot of you, I leave you Brexit types to the snarling din emanating from your Brexit cave. Chins up, Leaver trolls

Martin Vander Weyer

London Stock Exchange picked a bad year to join a pan-European project

The marriage of the London Stock Exchange and Deutsche Börse may not be stone dead but that’s the way to bet, as Damon Runyan would have said. This so-called ‘merger of equals’ — with the Germans holding the larger stake and the top job but with the head office in London, at least to begin with — has foundered over a demand from EU competition authorities that the LSE should sell its majority stake in MTS, an Italian bond-trading platform. Having had its alternative proposal (to sell a French clearing operation) rejected, the LSE refused to comply, allegedly without first consulting its German partners. When this deal was announced a

High life | 23 February 2017

From my chalet high up above the village, I look up at the immense, glistening mountain range of the Alps, and my spirit soars. Even youthful memories receding into sepia cannot bring me down from the high. Mountains, more than seas, can be exhilarating for the soul. Then I open the newspapers and the downer is as swift as the onset of an Alpine blizzard. Television is even more of a bummer. Last week I saw Piers Morgan tell an American TV personality — a big-time Trump hater — whose face looks exactly like a penis how strange he found it that two people like Bush and Blair, who lied

Portrait of the Week – 23 February 2017

Home Theresa May, the Prime Minister, sat on the steps of the throne, as a privy counsellor, watching the Lords debate the European Union (Notification of Withdrawal) Bill. The Supreme Court upheld the rule that Britons must earn more than £18,600 before their husband or wife from outside the European Economic Area can settle in Britain. Rebecca Steinfeld and Charles Keidan failed (on the grounds that they are of different sexes) in their Court of Appeal application to be allowed to enter into a civil partnership. The BBC said that in 28 out of 44 areas in England subject to NHS ‘sustainability and transformation plans’, hospital services would be reduced.

Julie Burchill

Diary – 23 February 2017

More than 20 years ago, I left my fast life in London for a rather more relaxed one in Brighton and Hove. I never dreamt I could enjoy it more till all the business with the trains started up a few years back. The chaos at Southern Railway — which has seen commuters lose their livelihoods and property prices all along the London–Brighton line plunge, and culminated last summer in the resignation of the rail minister Claire Perry — has effectively put an end to the one thing I disliked about my seaside city. Namely, that it’s too close to That London. I never minded mates coming down to visit —

Ed West

Brexit isn’t to blame for the Polish exodus

I guess the hate crime epidemic that gripped Britain after Brexit hasn’t put that many people off, with new figures showing net migration of 273,000 in the three months to September 2016. That represents a decline of 49,000, of which 12,000 is due to an increase in eastern Europeans heading home (39,000, as opposed to 27,000 the previous year), which I imagine is less to do with any hostile atmosphere in Britain than the booming economy in Poland. No doubt that’s the way it will be presented, though – ‘Poles fleeing the Brexit terror’. In my view, the Government is doing a lot of things wrong at the moment, chiefly

Emmanuel Macron’s idyllic vision of France is a myth

As Emmanuel Macron stood on the steps of Downing Street on Tuesday urging Britain’s ‘banks, talents, researchers, academics’ to move across the Channel after Brexit, security services in France were dismantling yet another Islamic terror cell preparing to launch a terrorist attack. That makes three this month, a clear indication that the Islamists are itching to carry out a major attack in the run-up to April’s presidential election. Tuesday’s police raid targeted addresses in Clermont, Marseille and the Paris area. ‘The suspects had a plot that was sufficiently advanced for the police to decide to arrest them’, said a police spokesman. According to the French media, police had been monitoring the suspects’ text

A quick trade deal with the US after Brexit is less likely than we think

It is many a Brexiteer’s fantasy: In 2019, shortly after the UK formally leaves the EU, Theresa May welcomes Donald Trump to Downing Street to ink a trade pact. Out with the old, in with the new, and the ‘special relationship’ standing tall. But how likely is that scenario? A trade deal would certainly be politically meaningful for both sides. For Trump, who is facing pressure over his protectionist rhetoric, it would be an opportunity to boost his pro-trade credentials. While Theresa May could use it to show that Britain has trade options beyond the EU. The prospect of a deal with the US could also boost her hand when it

British food and drink exporters defy the doom-mongers

Many farmers, asserted the Earl of Sandwich in a Lords debate last July, were now experiencing ‘regrexit’ – having voted to leave the EU they were now realising that the £3.2 billion worth of subsidies they had received from the EU in 2013 were now under threat. Or were they? Whether any farmers really did suffer from pangs of regret last July, they will since have grasped that whatever happens to agricultural subsidies post-Brexit they might actually do rather well – not from collecting handouts but by growing food and selling it. Today, the Food and Drink Federation published its latest statistics on food exports. In common with so many economic figures

Tom Goodenough

What the papers say: The Lords’ Brexit debate is an unwelcome sideshow

Peers can continue their Brexit debate in relative peace today without the watchful glare of the Prime Minister gazing over them. Theresa May’s brief appearance at the start of the Lords’ Article 50 debate yesterday was unprecedented but given how long she stayed you’d be forgiven for thinking it was little more than a publicity stunt. For the Sun, however, the PM’s decision to swap chambers in Parliament did send out an important message. Those ‘unelected members still struggling with the concept of a democratic mandate’ should remember that the PM had ‘most of the public and a vast Commons majority behind her’ as she sat on the steps of

Could Brexit mean cheaper food? Don’t open the prosecco yet

‘Brexit to chop food bills’, said the headline in the Sun on Sunday this weekend. The paper ran some research from the campaign group Leave Means Leave, which claimed food prices could fall by hundreds of pounds a year if tariffs are axed after Brexit. Though nobody knows what deal we will strike with trading partners once we leave the EU, it’s worth exploring the basis of Leave Means Leave’s research. It hopes we will enter into a completely tariff-free world. No more eye-watering taxes slapped on the likes of Tate & Lyle’s imported sugar cane, which caused the company to lose £20 million last year. All that new-world wine and South American beef, which

The Greek crisis continues to strike terror into the EU establishment

I didn’t have to be Delphic to predict that the Greek crisis wasn’t over when an €86 billion third bailout deal was provisionally agreed in July 2015, with the aim of preventing forced exit from the euro: ‘Impossible to see how it could be “over” without the debt relief [Greece] asked for but the Germans adamantly refused,’ I wrote. Of course that wasn’t how Brussels presented the deal: ‘On this basis, Greece… will irreversibly remain a member of the euro,’ declared Jean-Claude Juncker — without, presumably, having consulted any oracles himself. Further trouble was inevitable, because the trajectory of Greek debt is unsustainable even if the most optimistic projections come

Brexit was a revolt against snobs like Tony Blair

The brass neck of Tony Blair. The Brexit vote was ‘based on imperfect knowledge’, says the man who unleashed barbarism across the Middle East on the basis of a student dissertation he printed off the internet. Who marched thousands into unimaginable horror on the basis of myth and spin. That NHS claim on the side of the Leave bus is small fry, infinitesimally small fry, in comparison with the guff this bloke came out with. It didn’t cause anyone to die, for one. For Blair to lecture the British people about truth is an affront to memory and decency and reason. No self-respecting citizen should put up with it. Blair

Barometer | 16 February 2017

Special forces Cathedral constables at York Minister got back their powers of arrest, which they had held from the 13th century until the 1930s. They will be allowed to carry batons and handcuffs. Other private police forces: — British Transport Police, which is almost entirely funded by the rail industry, has 3,069 officers with similar powers to those of regular police. — The Civil Nuclear Constabulary, with 1,500 officers, secures nuclear power plants and the transport of nuclear materials around the country. — Cambridge University Proctors, who used their powers of arrest mostly to detain prostitutes and unruly students, gave up policing powers in 1970 and now perform more of

Can Brexit inspire Catalan independence?

The increasingly radical Catalonian independence project has been dealt its latest blow this week: on Tuesday, Spain’s constitutional court ruled that a projected September referendum on secession would be illegal. This means any plebiscite is effectively banned. But whether Catalonia’s pro-independence president Carles Puigdemont goes ahead anyway remains to be seen. A similarly defiant course of action was pursued by his predecessor Artur Mas, who held a vote in 2014 (in which eighty per cent of people backed independence), and is currently on trial. The latest setback in the quest for Catalonian secessionism is particularly ill-timed. Just last month, Puigdemont and his Vice President Oriol Junqueras addressed MEPs in Brussels in a bid to