As a former Chief Secretary to the Treasury, I am uneasy about the bail-out of Flybe. Every time a private business is bailed out by the taxpayer, the pressure grows.
One has to pinch oneself to remember that as recently as last July May was Prime Minister, Hammond Chancellor of the Exchequer and Gauke Lord Chancellor.
It’s not just about there being more Tory MPs. There has been a remarkable clearout of the establishment figures.
The former Deputy Prime Minister says that Johnson’s new adviser is “more or less running the show”
A Prime Minister might, in the autumn, ask the Queen to prorogue Parliament until the day after exit is legally due on 31 October.
They’ve taken the central political technique of this form of populism — promising to spend other people’s money — and privatised it.
The 1922 Committee Executive has already pointed her towards the exit door. It should now take her gently by the arm, and steer her through it as soon as possible.
The logic is clear enough. The EU’s choice would be between no backstop and nothing else either; or no backstop and agreement on everything else.
Fairly or unfairly, the pro-EU cause is already associated with elites. The arrival of the Withdrawal Bill in the Upper House will do nothing to diminish that impression.
Economically, it could be transformational, as it has been in Norway, which established its fund back in the early 1990s. It is now worth over a trillion dollars.
Plus: We need a Housing Minister who will do for new homes what Michael Heseltine did with development corporations in the 1980s.
Plus: Osborne’s regrets, vintage Heseltine – and, after Germany, to Brighton, for what is claimed to be the biggest conference Labour has ever held.
Plus: investment increasing, Heseltine declining. Listen to Farage – especially if you disagree with him. And: Activate sounds like dermatological face cream.
It makes spending commitments which exceed the amounts it budgets to spend. Those escalating commitments…will approach E250 billion by the time we leave.
It is incumbent on all of us who have participated in the EU debate, on both sides, to confess to some sins and omissions.