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
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
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
It is impossible to describe how enormously distressed I am by this situation and I am certainly too ill to attend the House of Lords today.
In the interests of my party and all concerned, I will now release a statement that I have prepared:
In 2009, I was the subject of a smear campaign in relation to House of Lords allowances. The timing of this campaign was clearly chosen as it was in the middle of major election campaigns, for which I was then responsible. I warned Nick Clegg how I considered that the party might be damaged in those elections as a result of those allegations. I said that I would bring forward my planned resignation as the Liberal Democrats Chief Executive on health grounds. I had not intended resigning until after helping Nick and the party through the 2010 General Election campaign. Read more
Many furrowed brows today at Lib Dem HQ at the continuing prominence of Lord Rennard, the Lib Dem peer accused of harassing women.
An internal party inquiry, the results of which emerged last night, found there was not enough evidence to take disciplinary action against Rennard, but that there was “credible evidence” he had violated the personal space of the women involved and should be forced to apologise.
This was enough, believe many at the top of the party, to make sure Rennard did not return to the team helping draw up the next Lib Dem manifesto, and possibly even enough to withdraw the whip altogether. 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
Yesterday the Treasury announced ten rural towns that it is putting forward for consideration to receive five pence off fuel duty. Given the fact that these towns could come from anywhere in the UK, you might expect the majority to come from England, with a few in Scotland, Wales and Northern Ireland.
But no. Of the ten places chosen, seven are in the Scottish Highlands, where Alexander himself is from. What’s more, eight are in seats held by Liberal Democrats – two towns are in his own constituency and four in those of Charles Kennedy, the party’s former leader.
Here is the full list: Read more
One of the interesting things about the new fixed-term parliamentary system is that it gives leaders a time period of several years in which to frame a narrative. Before 2010, parties existed on a constant war-footing, ready to go to the polls at any time if the circumstances dictated it.
Now, those both in opposition and government know that the election is years away and they can wait before going into election mode. That, coupled with the fact that most of the coalition’s central policy platform is now under way, gave Nick Clegg a rare chance to be circumspect today.
We were told that the Lib Dem leader’s conference speech would be “his most personal ever” – usually words that make the stomach turn. But for once, this part of his speech was handled well, if a little too lengthily. He told the hall: Read more
David Laws stood up this morning and reminded the Lib Dem conference about the first party conference he went to, in 1994. That gathering was quite a bit more turbulent than the last week has been, he reminded delegates:
Some of you may well remember it : a debate on legalising drugs, then another backing provision of state regulated brothels; followed shortly by a row over plans to abolish the monarchy, all culminating in Paddy Ashdown doing what the media called “storming off the stage.”.
This week has been characterised more by a series of set-piece showdowns between Nick Clegg and either his members or Vince Cable, almost all of which he has won. One interpretation of this is that the Lib Dem leader has moved his party decisively to the right, and that they are now a serious party of government willing to accept the compromises that the leadership says come with that. Read more
“Given his tendency to treat rebellion like a reluctant bather inching his way into the sea at Skegness, it made sense to push him right in at the outset, on the grounds that he’d run straight back to his towel, and not try again for at least six months.”
These words were written by Damien McBride, the Gordon Brown spinner, about David Miliband. (I would link to his blog but he’s taken it down – almost as if he has a book coming out.)
But they could easily have been written by anyone from team Clegg about Vince Cable, who this morning backed down from his overnight threat to rebel against the leadership on the economic motion that has just been debated at Lib Dem conference. Read more
As we head towards next week’s Lib Dem conference in Glasgow, the party’s big beasts are making themselves visible, lining up to point out the great Lib Dems successes of the last three years, and more importantly, to attack their opponents.
One thing that is worth watching is who is attacking which opponent. Over the last two days, two prominent Lib Dems have given very different interviews to the New Statesman which help crystallise a battle that might yet determine which government we have in 2015.
In the left corner (as it were), there is Tim Farron, who told George Eaton this: Read more
Defeat in Thursday night’s parliamentary vote on the principle of military action in Syria is not an existential wound for David Cameron, whatever his more excitable enemies say. But, after several months of good form, the prime minister looks weaker than at any time since taking office more than three years ago. Failing to win over Liberal Democrat MPs in his coalition government is one thing. Being defied by his own Tories is quite another. Prime ministers are simply not supposed to lose House of Commons votes on major matters of foreign policy.
Mr Cameron recalled parliament from its summer recess in the assumption that securing its support for some kind of intervention in Syria would be straightforward. That has turned out to be mortifyingly complacent. And this is not merely hindsight speaking. It should have been obvious after the apparent chemical attack by the Syrian regime earlier this month that the widespread revulsion in Britain was not matched by an appetite to get involved. Voters and MPs were openly sceptical; the armed forces were privately reluctant. Only an assiduous campaign of persuasion would have swung the argument, and it never came. William Hague, Mr Cameron’s well-regarded foreign secretary, was too reticent. Read more
The Telegraph has a very interesting story today about Tory plans to change the way they would sign up to a coalition deal in future. In 2010, the leadership decided it wanted to do a deal with the Lib Dems – the rest of the parliamentary party was simply told to get in line.
This contrasted with the way the Lib Dems handled their side of the negotiation, calling a parliamentary meeting to discuss the deal before putting it to a vote of MPs and peers, before holding a special conference of the whole party so members could vote too.
Many Lib Dems have credited this process as the reason their party has been relatively disciplined while in coalition, while many Tory backbenchers have campaigned openly for them to ditch their partners. Read more
The planned high speed rail project from London to the midlands and the north is starting to look very uncertain indeed.
After the news last week that the estimated costs have spiked by £10bn since the beginning of the year, we then revealed in the FT that the government’s cost/benefit analysis assumed that no one would work on a train, increasing the apparent benefit of getting to your destination more quickly. Another chunk was taken out of the expected returns.
Now it seems that, having proposed the scheme in the first place, Labour is also getting cold feet. Lord Mandelson, the former business secretary who does not usually have much truck for nimbyism, launched a bitter attack on the project in this morning’s FT. He writes: Read more
George Osborne has been touring the TV and radio studios this morning talking about the deals he has managed to strike with some of the smaller government departments for how they are going to cut their budgets in 2015/16. Talking about the settlements made with departments including Justice, Energy and Communities, the chancellor told the BBC:
We are now about 20 per cent of the way there with a month to go. I don’t think any chancellor in history has made this much progress with a month to go.
Osborne still has a huge amount to achieve in the next month, particularly in the face of intransigence from big departments such as the MoD and the Home Office. But in the middle of the spending round process, another decision on a massive item of government spending will also come a step closer. Read more
Nick Clegg this morning insisted he would stay in government until 2015, and would not need to create any “breathing space” for his party by pulling his ministers out before the general election. This is what he said in a speech in London:
The public will see me [campaigning] as leader of the Liberal Democrats. Constitutionally the government still ticks over. Ministers are slightly more “absentee landlords” in Whitehall offices during that six week period.
Of course, Clegg is right that the public is used to ministers leaving their day jobs and hitting the campaign trail during the weeks leading up to a general election. And he may also be right that voters would think it very odd if the Lib Dems pulled out of the coalition just before an election in order to assert their own identity more clearly. Read more