Treasury minister may resign over Hinkley Point delay

NUCLEAR-POWER“A junior Treasury minister is considering whether to quit the government over the decision to review the decision to build a new nuclear power plant at Hinkley Point, it was reported last night. Jim O’Neill, a former Goldman Sachs executive brought into government by ex-Chancellor George Osborne, has told friends he will leave the government in September unless the Prime Minister, Theresa May, convinces him to stay.” – Daily Mail

  • Ex-Goldman Sachs star threatens to quit over China policy – FT
  • France set to demand £2.5bn if project scrapped – The Times (£)


  • Hinkley decision reveals May’s methods – George Parker, FT

>Today: ToryDiary: How do you rate May’s new ministers? Please take our monthly survey.

Dominic Lawson: A first victory for the ‘bloody difficult woman’

It had not been due to be approved by the EDF board until September, but Levy rushed his colleagues to give it the final go- ahead last week. The new British PM – who in her previous job as Home Secretary was known to have expressed reservations about the involvement of the Chinese state in a security-sensitive project designed to provide seven per cent of Britain’s energy – was being bounced.” – Daily Mail

  • Britain can find opportunities beyond Hinkley – Nick Butler, FT
  • For the cheapest energy, it’s got to be gas – Matt Ridley, The Times (£)
  • Texas shale has fought Saudi to a standstill – Ambrose Evans-Pritchard, Daily Telegraph
  • Decision threatens UK’s ‘golden era’ with China – Lucy Hornby, FT

Altmann rebuffed over triple lock

pensions“Baroness Altmann, who lost her job as pensions minister last month, yesterday attacked the protection as an expensive gimmick, saying it ‘didn’t make sense’ when inflation was so low. But her demands were yesterday rebuffed by Number Ten, with aides to Prime Minister Theresa May indicating the safeguard – a key plank of the 2015 Tory election manifesto – will remain in place at least until 2020.” – Daily Mail

  • Pension freedom under threat for millions of final-salary savers – Daily Telegraph
  • Lifetime ISA critics fear pension hit – FT

More policy:

  • Visa bans for those caught with modern slaves – Daily Mail


MPs warn NATO that Spain is risking an incident over Gibraltar

“A group of Tory MPs have warned the Secretary General of Nato that Spain’s behaviour towards Gibraltar is a threat to British security could lead to a “serious” incident at sea. The MPs have written to the head of Nato expressing concern over 210 “unlawful incursions” of Spanish state vessels into British Gibraltarian waters.” – Daily Telegraph

Mounting anger at Cameron’s honours

CAMERON knives“David Cameron was accused of ‘sticking up two fingers’ to the country last night over plans to lavish gongs on pro-EU campaigners and political cronies. Tory MPs led furious attacks on the ex-Prime Minister after a leaked list suggested he will shower knighthoods and other honours on a staggering 48 aides, allies and donors.” – Daily Mail

  • MPs in revolt over patronage – Daily Telegraph
  • Choice described as ‘an insult to the British public’ – The Sun
  • May urged to block ‘old boys network’ list – The Times (£)
  • Sceptics rewarded for backing Remain – Daily Mail
  • Donors, aides, and remainers dominate secret list – The Guardian


  • Arise, Sir Remain! Knighthoods for pro-EU donors – Andrew Pierce, Daily Mail


  • Shameful list will tarnish Cameron’s legacy – Isabel Oakeshott, Daily Mail
  • A list which shows the Tories’ EU wars are nowhere near over – Anne McElvoy, The Guardian


  • Just as we feared, it’s gongs for Europhiles – Daily Mail
  • Time to rethink a shabby system – The Guardian

>Yesterday: MPs Etc.: Revealed. Boris Johnson, CH. Sir Penny Mordaunt. And a CBE for Matthew Elliott’s hairdresser. Cameron’s real honours list.

Peers conspiring to block Brexit

“A cross-party coalition in the House of Lords is pursuing plans to block Brexit. Baroness Wheatcroft, the former editor-in-chief of The Wall Street Journal Europe and former business editor of The Times, said that it was “imperative that we don’t press the button on Article 50”. She said that if the courts ruled that legislation was needed to trigger Article 50 of the Lisbon treaty, the House of Lords should reject it.” – The Times (£)

  • Upper house plans ‘desperate attempt’ to delay Article 50 – Daily Express

More Brexit:

  • Ulster’s Brexit boost as shoppers flock across border – Daily Express
  • Diplomatic quest to leave enters ‘phony war’ – FT
  • Other EU citizens hate Brussels more than Brits do – The Sun
  • Wave of anti-Brussels sentiment sweeps France and Germany – Daily Express


  • It’s not Britain but the EU that faces economic disaster – Leo McKinstry, Daily Express


  • May should give certainty to EU nationals already here – FT

>Today: Howard Flight’s column: Conundrums of economic policy in the wake of Brexit

>Yesterday: Emma McClarkin in Comment: Now to trade with the world

Corbyn’s economic experts backing Smith for leader

LABOUR dead rose“Two former economic advisers to Jeremy Corbyn have said they do not believe he can win the next election and the party would have a better chance under Owen Smith. David Blanchflower, a former member of the Bank of England’s monetary policy committee, and Simon Wren-Lewis, a professor at Oxford University, were both members of Labour’s economic advisory committee but are now expressing reservations about Corbyn’s leadership.” – The Guardian

  • McDonnell accuses challenger of backing Labour split – The Guardian
  • Debbonaire wants male refugees taught how to treat women – The Sun

UKIP leadership race approaches fast as favourite misses deadline

“The contest to replace Nigel Farage as Ukip leader descended into farce last night when the red-hot favourite failed to submit his nomination papers on time. The MEP Steven Woolfe – the favoured candidate of Nigel Farage – was forced to issue a statement insisting he was still in the running. His papers were not submitted until 17 minutes after the official deadline owing to ‘technical’ problems with the party’s website – raising the prospect of a legal challenge if he wins.” – Daily Mail


  • UKIP starts its search for a new role – Daniel Boffey, The Guardian

News in Brief:

  • Judge warns that historic child abuse inquiry could cost over £5 million – Daily Mail
  • MP linked to group accused of staging Turkish coup attempt – The Times (£)
  • Brazilian police storm hideout to free F1 boss’s kidnapped mother-in-law – Daily Telegraph
  • Turkish leader presses countries to crack down on Gulenist groups – FT
  • Christians pay price as hard-line Islam surges in Turkey – Daily Express
  • Cologne sees 50,000 in pro-Erdogan rally – Daily Mail
  • Putin TV station turns viewers against the West – The Times (£)
  • MoD to release £1bn for stealth submarines – FT