On Wednesday, December 3, the chancellor will deliver the final Autumn Statement before the 2015 general election.
There will be extensive coverage of the chancellor’s speech live on ft.com. And from 3pm on December 3, a panel of personal finance experts will be on hand to answer your questions about its contents. Submit your questions in the live reader comments field or email the Money team at email@example.com at any time up to and during the live Q&A. We will choose a selection for our panel to answer.
On the panel are:
The discussion will be moderated by James Pickford, FT Money deputy editor, and Jonathan Eley, FT Money editor
UKIP candidate Douglas Carswell won 21,113 votes, or 59.7% of the total, in Thursday’s by-election. This was 12,404 more than Conservative candidate Giles Watline, who came in second with 8,709 votes, or 24.6%. Read more
The Romans used to predict the future by examining the entrails of dead animals. These days we use opinion polls, often with similarly haphazard results.
Even some of the most robust Westminster commentators are refusing to make firm bets about how the landscape will look after next May’s general election. It will be the closest fought, most unpredictable, most exciting battle for a generation. Read more
Mark Simmonds, the Foreign Office minister, is resigning because he says the new Westminster expenses regime precludes him from renting a residence in central London of appropriate quality. He has been excoriated on social media for being out of touch. But he is right, argues Jonathan Eley. Read more
Nick Clegg celebrates the Eastleigh byelection result
For well over a year, the Liberal Democrats have told supporters, commentators and their own MPs that they will fare better than their national poll ratings suggests.
At next year’s election, argue Nick Clegg’s strategists, the party will do well in areas they already have MPs, particularly given most of them are Tory-Lib Dem marginals, where the coalition of voters they have forged will stay with them for fear of letting the Tories in. This will let them retain about 40 of their 57 seats, think those at the top of the party, allowing for heavy losses to Labour in the north. Read more
Four polls have been published in the last 24 hours, all suggesting the same thing: the race for next year’s general election is now neck and neck.
Of course it is a symbolic moment that two of these polls show the Tories two points ahead – they are the first polls to put the governing party in the lead since early 2012. But within the margin of error, the race is essentially tied.
So what has happened in the last few days and weeks to cause Labour to slip from a pretty steady five point lead?
Unfortunately, the Lord Ashcroft poll can’t tell us, as it is the first in a series and so has no previous survey against which we can accurately monitor trends. Even more frustratingly, the ICM and the Populus polls seem to suggest very differing reasons for the poll move. Read more
The comments of Stanley Johnson about the Tory leadership prospects of his son Boris in this morning’s papers have made something of a stir. The London mayor’s father was quoted in the FT and the Guardian saying the Tories should change their leadership rules to allow Boris to run even if he wasn’t an MP at the time, a proposal that has been attacked by many in the party.
But it is Stanley’s comments on Boris’ views on Europe that might have a more long-term effect on his son’s leadership credentials. He told an audience of pro-European Tories (of which he is one):
Boris is a very good European, I can tell you that.
Ed Miliband’s op-ed for the FT today on Europe has finally crystallised what each of the parties’ European position will be going into next year’s election. But anyone listening to Douglas Alexander, the shadow foreign secretary on the Today programme this morning would be forgiven for not understanding exactly what Labour’s position is. This is what he said:
The next Labour government will legislate for a lock that guarantees there cannot be a transfer of power from Britain to the European Union in the future without that in/out referendum. It’s an agenda for reform in Europe, not immediate exit from Europe.
So what does this mean, and how does it compare to the other two parties? Read more
We’ve known for two days that George Osborne, Danny Alexander and Ed Balls were about to rule out sharing the pound with an independent Scotland. What we didn’t know until this morning is that they would be joined by Sir Nick Macpherson, the Treasury’s top civil servant, who has written a letter the likes of which are almost never seen in Whitehall.
Belying the reputation of civil servants as cautious, apolitical, and perhaps occasionally slightly verbose types, Sir Nick has written a short, punchy and withering assessment of Scotland’s chances of forming a currency union with the rest of the UK.
In it he says: Read more
One of the government’s main tax-cutting drives has been to encourage councils to keep tax rises to a minimum. Ministers have done this in two ways: firstly, by giving councils a cash incentive to freeze council tax; and secondly, by forcing any council that wants to raise tax by 2 per cent or more to put it to a local referendum.
Since that policy began, Eric Pickles, the local government secretary, has been irritated (but perhaps not surprised) to see dozens of councils raising tax by 1.99 per cent – just below the threshold. So recently, as revealed last week in the FT, he began pushing for a lower limit of 1.5 per cent. Read more
During much of 1984, Britain was hit by some of the worst industrial action the country has ever seen, as the National Union of Mineworkers downed tools and upped pickets to resist planned cuts to the coal industry.
Today, we are able to tell the full story of what happened during that tumultuous year with the aid of top-level government papers that have just been released under the so-called “30-year rule”. The main revelation is that, at the depths of the conflict, with the dockworkers also out on strike, Thatcher considered declaring a state of emergency and getting troops to help transport coal across the country to keep power stations running.
But the documents also contain a trove of other fascinating information, which helps us answer more fully than ever before the key questions of the events of one of the most significant years in British history. So here are five questions about the miners’ strike that the new papers help answer: Read more
The last PMQs before a recess is always important for doing what the session is really designed for: crystallising the mood of each side of the House.
Tomorrow MPs will head off to their constituencies for several weeks, where they will be unencumbered by daily Commons business and free of the whips’ influence. It is during these breaks that leaders can become unstable and plots can begin to form, and so it is even more important for the leaders of the two main parties to give their troops something to cheer at this time.
Under these terms, today’s PMQs was a clear victory for Cameron. Read more
George Osborne has presented his Autumn Statement. Its highlights included a large increase in the economic growth forecast, a predicted budget surplus in 2018, a hike in the state pension age and free school meals for all infants.
By John Aglionby and Emily Cadman with contributions from FT colleagues
Last week, Ed Miliband was beaten by the prime minister after failing to build a clear narrative from his rather scattergun questions. This week he was more disciplined, and had a clear and coherent attack. For some reason however, it didn’t generate the response from Labour MPs you might expect.
The Labour leader decided to lead on the government’s decision to set a cap on the amount of interest payday lenders can charge. It might not have been an obvious attack, given Labour also supports the policy, but Miliband worked it cleverly to his advantage, asking why this sort of market intervention is a good thing, when capping energy energy prices constitutes “Marxism”:
How did he go from believing that intervening in the markets is living in a Marxist universe to believing it is the solemn duty of government?
In the wake of the Labour party conference, hacks returned from Brighton with one question for Tory advisers: how will you counter Ed Miliband’s energy price freeze?
We won’t, came the reply. We don’t want to get into a micro-battle about who has the best giveaways for the public on cost-of-living. We will keep the focus on the big picture, on the nascent economic recovery – how that is the only thing that can sustain rising living standards and only we can be trusted to safeguard it.
That policy made sense, and was stuck to for a few weeks at least. During his conference speech, the prime minister resisted the temptation to promise a big giveaway, or really, any significant policy whatsoever. His critics said it was lacklustre, his supporters said it perfectly matched the tone of “steady as she goes”. Read more
Yesterday’s pledge by David Cameron to “roll back green levies”, made in the heat of PMQs, apparently caught his coalition partners by surprise. While the government had been discussing reducing certain levies, the Lib Dems had not agreed to anything specific and did not expect it to be made public.
This morning, Clegg decided to seize the initiative. Clearly irritated by the prime minister’s decision to float policies without checking them, he decided to float his own idea, as anathema to the Tories as reducing green measures is to the Lib Dems – raising taxes.
He told the Today programme: Read more
We get the politicians we deserve, but politicians do not always get the reputations they deserve. None has been short-changed by history more stingily than Sir John Major, the former British prime minister still invoked in some quarters – including his own Conservative party – as a synonym for haplessness and weak leadership.
Not the least of his qualities is a grown-up disinclination to fight for his good name. He could, as Margaret Thatcher did and Tony Blair still does, hover about in public life, talking up his achievements, nudging his successors this way or that. Instead, he has gone for a kind of dignified elusiveness. All we can surmise about his life now is that he puts his name to some good causes and still enjoys a Test match. Yesterday, a wowing guest turn at the parliamentary press gallery lunch restored him to the headlines for the first time in an age. Read more
There may have been 180 MPs at the Conservative party’s away day at Chipping Norton’s Crowne Plaza but even the most mischievous of them were in lockdown over the event, instructed by the pugnacious Lynton Crosby not to reveal anything about the polling information or campaigning tips discussed at the heavily guarded event on Thursday.
The attendees were not even allowed to talk about their smart casual dress; the pasta and Caesar salad lunch; the game of football on the lawn. Read more
Most of the political class have spent the past few days watching a Vince Cable and Nick Clegg battle for position at the Lib Dem conference. But when they return to Westminster tomorrow they will find another fight underway over who becomes deputy speaker of the House of Commons.
The post, vacated by Nigel Evans after he was charged with a series of alleged sex offences
against last week, must be filled by a fellow Tory. Those poised to throw their hats in the ring include Brian Binley, a right-winger and leading light in the 1922 backbench committee; Sir Roger Gale, a grandee who has spent three decades on the benches as MP for Thanet North; and Eleanor Laing, Downing Street’s preferred choice. (Also Nadine Dorries is said to be interested.) Read more
Just to pour a bit more controversy over the Conservative Renewal conference (where Tim Loughton made his comments about Sarah Teather) Robert McLean, the chair of the Windsor Conservative Association, was also forced to put out a curious statement. In this he disavowed comments from George Bathhurst, Windsor councillor and a organiser of the conference.
Robert McLean, Chairman of the Windsor Conservative Association, said:
Windsor Conservative Association (‘WCA’) wishes to make clear that it wholly dissociates itself from recent comments made by George Bathurst in relation to the Conservative Renewal conference that do not reflect the views of WCA nor our member of parliament.