Breakingviews

Cameron has work cut out to sustain relief rally

May 8, 2015

UK stocks and bonds, and the pound, have jumped on the Conservatives’ surprise election success. That’s to be expected given fears of a messy outcome. But the result leaves open questions on EU membership and Scotland. Such uncertainties could hold back investment and growth.

Cameron takes deficit amnesia to a new level

October 1, 2014

The UK prime minister crowed when opposition leader Ed Miliband forgot the deficit in a keynote speech. Yet David Cameron has gone further, insisting on the need to tackle the country’s biggest problem and then pledging a tax giveaway. It’s an electoral bribe he can’t afford.

Euro-recession, not rebellion, is what boxes UK in

October 26, 2011

An E.U. protest vote by members of his own party has knocked the UK prime minister. For the moment, the Conservative party rebellion is largely symbolic. But it could be the thin end of the wedge. David Cameron, just like Margaret Thatcher before him, risks being undermined by his party's euro-divisions.

UK’s euro isolation may backfire on City of London

December 9, 2011

David Cameron says he was defending Britain’s financial industry when he opted out of the pan-European deal to save the euro zone. But the prime minister’s stand leaves the City exposed in Europe - and at home. And it further diminishes the UK influence over designing new rules.

UK would gain from intelligent industrial policy

March 8, 2012

British politicians have long shied away from coherent long-term economic plans. But ad hoc decisions on technologies, infrastructure, immigration and banking are not good enough. Vince Cable, the business secretary, is right to call for a new vision.

Donor row saps UK government’s austerity authority

March 27, 2012

After a pro-business budget, the “Cash for Cameron” affair has raised concrete concerns that the Conservative-led coalition can be bought by anyone with a fat chequebook. The government’s ability to get the country to swallow ongoing deficit reduction can only be undermined.

Cameron bets big on confused European ideas

By Edward Hadas
January 23, 2013

The British prime minister’s vision of a largely economic European Union may play well at home, but is far too simplistic for today’s EU. The UK referendum on membership is a pointless distraction. It will reduce British clout in Europe and discourage business activity.

UK’s EU problem becomes more pressing

March 1, 2013

European Council President Herman Van Rompuy threw cold water on Britain’s request to renegotiate European treaties, just as a eurosceptic party pushed the UK conservatives to third place in a by-election. David Cameron may have to pen a clear EU policy sooner than he thought.

UK policy rhetoric flies in the face of reality

By Edward Hadas
March 7, 2013

The British government says it believes in fiscal conservatism but runs one of the largest deficits in Europe. It also says it wants a more aggressive central bank, but the BoE is already a global leader in money printing. The unrealistic rhetoric muddies the policy debate.

Britain’s unkind cuts may help growth sprout

October 20, 2010

It was billed as a bloodbath, and it is.