Showing posts with label euro. Show all posts
Showing posts with label euro. Show all posts

Wednesday, 15 July 2015

Every day is Groundhog Day

I no longer wake groggily from my drunken slumbers wondering what day of the week it is. Because now every day is Groundhog Day.


The evidence that we are trapped in a time loop is evident in the headlines: Greece battling with its never-ending financial crisis, doctors wanting to tax sugar, and idiots proving incapable of reading the warnings at the end of the Holy Island causeway.


The Greek people thought they had been offered a way out through a referendum, giving them the opportunity to say “no” to EU-imposed austerity.

Ignoring the evidence of all previous history that votes against the EU have no relevance, and cannot be allowed to stand.


The plain fact, obvious to all intelligent observers from the outset, is that you cannot have a successful single currency without a fiscal union, which in turn demands a full political union.

This sort of “beneficial crisis” was always part of the plan to bring that glorious day closer, though if it is happening at all it seems to be doing so in slow motion.

Partly, no doubt, because all pro-EU national governments feel themselves under threat, whether from the growth of left-wing anti-austerity parties in the poorer south or the parallel rise of right-wing Farageiste nationalist ones in the richer north.

Source: www.statista.com

The latter show little appetite for wealthier countries subsidising the poorer ones, as political union would inevitably entail. And who can blame them, considering the ungracious response of poorer countries like Scotland to the fiscal transfers they receive in the political union called the UK?

We owe a huge debt of gratitude to Sir John Major and Gordon Brown for keeping us out of the continuing euro mess, at any rate up to now. Though if we vote to distance ourselves even further in our promised in-out EU referendum, remember that the political elite reserves the right to ignore results it does not like.

Meanwhile the British Medical Association proposes a fiscal transfer of another kind, by taxing the sugary drinks beloved of poor people to subsidise the fresh fruit and vegetables favoured by the middle classes.


I can still remember the first time my mother asked me to nip to the greengrocer and buy her a cabbage, more than 50 years ago. Used as I was to forking out sixpence (2½p) for a bar of chocolate, I queried whether the half crown (12½p) she had handed me would be enough for something so huge. I think it cost tuppence (less than 1p).


I was staggered by what great value fresh vegetables were then, and have been ever since. Their place in the forefront of the supermarket price war pretty much guarantees that this will continue.

We could all feed our families cheaply and more healthily if we bought cheap cuts of meat, and fresh fruit and vegetables when in season (or frozen ones when not), and cooked proper meals from scratch.

But we live in a topsy-turvy world where the poorest in our society are also likely to be the fattest, because they are the most reliant on takeaways and convenience food.

Might better education rather than new complexes of taxes and subsidies not be the answer to this conundrum? And if that is not feasible, why not simply invoke the terrorist threat to declare a state of emergency and reintroduce the ration book, which did so much to improve the health of the nation during World War 2?


There is zero evidence from around the world that attempts to tax particular foods will have any effect at all on their consumption.

But why bother with evidence when you are on a mission, whether that be to create a United States of Europe or to build a healthier, slimmer, fitter society in which doctors would be out of a job. (Has the BMA really thought this through, I wonder?)

It’s surely much more fun to take the approach of those bold individuals approaching the Holy Island causeway to find it underwater.


All previous attempts to cross it under these conditions may have resulted in cars being written off and their occupants ignominiously rescued from refuges. But this particular Groundhog Day will be different, won’t it?


Originally published in The Journal, Newcastle upon Tyne.

Wednesday, 10 June 2015

Little Englanders: right again?

During the last referendum campaign in the UK, in which we in England were denied a vote, did you ever hear the advocates of Scottish independence derided as “little Scotlanders”?


No, me neither. Yet we will surely hear a lot in the months ahead about how “little Englanders” threaten our future prosperity and security by advocating British withdrawal from the European Union.

How did Scottish independence come to be marketed and widely accepted as a progressive aspiration, and British independence as an entirely reactionary one?

It clearly represents a failure of leadership and communication by those tending towards the “no” camp before the referendum starting gun is fired.

And I fear that this failure is all too likely to continue if the loudest voice in the “no” campaign is that of Nigel Farage.

UKIP is brilliantly typecast to play the role of Labour’s “loony left” in the referendum of 1975, convincing moderate voters that if they are on one side it would be better to be on the other.

Nigel Farage with pint, 2015
Tony Benn with pipe, 1975

How easy it will be to characterise the advocates of independence as backward-looking, fearful xenophobes, and the EU’s supporters as optimistic representatives of the future.

Which is ironic, given that little could be further from the truth. The EU is a sclerotic 20th century creation, fixated on building a single nation called Europe.

They didn’t invent the euro to make our continent richer, but to drive it towards their obsessive political goal of “ever closer union”.

The current shenanigans with Greece are duly demonstrating that you cannot have a single currency without a single treasury and tax system, just as they were designed to do.

Fear will be the “yes” campaign’s weapon of choice in this referendum, just as it was the main asset of the “no” camp in Scotland.

Not sure about the chains imagery, to be honest

Prepare to hear much about the four million jobs at risk, regional development funding that will be lost, new trade barriers erected, a fatal loss of influence and dangerous isolation in the world.

All of which is cobblers, since the rest of the EU sells more to us than we do to them, and the funding they so generously dish out is but a fraction of the money we pay to them in the first place for the privilege of membership.

The “we will have to obey them anyway so we must have a seat at the table when they are drawn up” argument about EU rules and regulations does not stack up because there is ample evidence that our influence is already minimal.

We have to comply with US regulations to sell to America, and Chinese regulations to sell to China, and I don’t recall anyone arguing that our non-participation in devising them is a fatal barrier to trade there.

Throughout my lifetime we have been beset by the belief that Britain is in terminal decline and that we need to cling to the skirts of nanny EU for fear of something worse.

It is high time we took stock of our many advantages as the world’s fifth largest economy and the home of its most widely spoken language and premier financial centre.


We have some of the world’s finest universities and a track record of innovation in science, technology and culture that is simply second to none.

Why on earth do you think that so many immigrants from the EU and elsewhere are desperate to be here?

Our many natural advantages mean that we are uniquely well placed to forge new trade links with the faster growing world outside the EU, and to become a more optimistic, confident and successful country than we have been at least since the end of the Second World War.

Unlike this newspaper and the Prime Minister, I have not absolutely made up my mind which way I shall vote, but my inclinations are clear and they are solidly based on hope, not fear.

If anyone dares to call me a “little Englander” I shall politely point out that this was mainly used as a term of abuse against those who opposed the Boer War to expand the British Empire in South Africa.


So from the viewpoint of any self-respecting modern liberal, weren’t the little Englanders absolutely right?


Originally published in The Journal, Newcastle upon Tyne.

Wednesday, 4 February 2015

The consoling power of favourite quotations

It is sad but true, as William Hazlitt famously observed, that “The least pain in our little finger gives us more concern and uneasiness than the destruction of millions of our fellow-beings.”

Given my privileged opportunity to comment on any of the huge issues facing the world today, from climate change to the electability of Ed Miliband, it seems rather pathetic that the only thing of really gripping interest to me is today’s appointment at Wansbeck General Hospital to learn the outcome of some recent tests.


But there comes a tipping point in all our lives when death ceases to be a distant and theoretical concern, mainly affecting others, and comes to command our attention with the same sort of force as an oncoming juggernaut, careering madly towards us on the wrong side on the road.

It seems like yesterday that I was constantly making forward-looking suggestions and being frustrated by an older generation’s shrugging acceptance of the status quo, usually with the words, “It will see me out.”

Now I am firmly in their camp, my short-sighted selfishness tempered only by a sense of duty to my two sons, who could easily still be around in 90 years time. If anyone is.

Although constant awareness of the Grim Reaper’s stealthy approach is unnerving, age does have its compensations over and above the Senior Railcard. Perhaps the greatest of these is a sense of perspective, and the growing realisation that the Tory Prime Minister Arthur Balfour was right when he declared that “Nothing matters very much and few things matter at all.”

A.J. Balfour, nephew of Lord Salisbury: "Bob's your uncle!"

We are just moderately intelligent monkeys clinging to a rock spacecraft as it hurtles around a dying star. Our stay aboard is remarkably short and the best we can do is to make it as enjoyable as possible, both for ourselves and for our fellow travellers.

I have already tuned out the long-running general election campaign as so much white noise. It doesn’t look as though anyone can win it outright and it is hard to see any of the possible permutations of coalition making a material difference to our lives.

Particularly when you consider that many of the things Labour attacks most bitterly, such as the growth of private provision within the NHS, are simply the continuation of policies they themselves pursued when last in power.


We should always beware of anyone who presents us with a big plan to change things for the better. Socialism, communism and fascism all did that, and look how well they went.

The creation of the European Union and the euro were similarly billed as vehicles to prosperity and peace. Those of us who argued that they were likely to create just the opposite were cried down as reactionary fools.

Now that the continent is economically stagnant and mired in debt, with extremist parties on the rise across it, it is interesting to note how little we hear from those who screamed that Britain would be massively disadvantaged if it let the euro train leave the station without us on board.


Though they are the self-same voices issuing dire warnings of the fate that will befall us if we are mad enough to vote to leave the EU in a referendum, if we ever elect a Government so foolish as to hold one.

I’d like to think I might live long enough to vote for my country’s independence but I have to accept that the country I fondly remember has vanished forever, and no vote is going to bring it back.

So I’m off to see my consultant resolved to try and be a bit nicer to my fellow human beings for as long as I am spared; and I will endeavour to stick to that resolution even if what he mainly diagnoses is a bad case of hypochondria.

At the very least I will have had a salutary warning that should inspire me to try harder. For, as Dr Johnson observed, “when a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully.”

While if the worst comes to the worst I can always console myself with another favourite quote from Evelyn Waugh: “All fates are worse than death.”


Originally published in The Journal, Newcastle upon Tyne.

Wednesday, 18 June 2014

Missing London, and why I intend to do more of it

“You must miss this,” my driver said as we sat in a huge traffic jam on the edge of the City of London on Monday.

To our left a bus inched past, leaving just about enough clearance to accommodate a sheet of graphene. To our right assorted Lycra-clad loons on bikes wove gaily in and out of the traffic, scattering pedestrians like confetti.

“Are you trying to be funny?” I asked, thinking fondly of the beauty and tranquillity of the corner of Northumberland where I had just spent the weekend.


I lived in London for nearly 30 years, and have never regretted handing back the keys of my rented flat in 2006. Though I do bitterly regret selling my small stake in the capital’s property market 20 years earlier.

I felt sure things must have peaked, having more than doubled my money on my fourth floor walk-up flat in Earl’s Court in less than five years. I pocketed a magnificent £73,000. Not so long ago I thoroughly depressed myself by checking a property website and finding that it last changed hands for not much short of a million.

Which is, by any standards, utter lunacy. If I were starting my career again, even in an overpaid trade like financial public relations, I could surely never aspire to buy my own home.

The Bank of England faces the uncomfortable challenge of setting interest rates that will dampen the undeniably overheating South East property market without visiting ruin on the rest of us.


It’s quite enough of a challenge maintaining a single currency in a country united by centuries of shared history, language and values, when its regional economies diverge so markedly.

How anyone ever imagined it was going to work satisfactorily across an entity as diverse as the European Union is completely staggering. But then, of course, they never did. The Euro was merely a lever to help achieve the grand objective of building a United States of Europe. Whether for the noble purpose of ensuring peace and prosperity or to allow a small elite to strut the world stage with added swagger I leave to you to judge.

A big fan of the Euro, you may recall, was one Tony Blair: a man still fond of global swaggering. We would be lumbered with the Euro now but for the sterling (in every sense) efforts of Gordon Brown, who deserves to have a statue erected in Kirkcaldy just for this. Even if he was perhaps motivated less by an appreciation of the Euro’s economic insanity than by a determination to deny Tony his desired place in history as the man who abolished the pound.

But, of course, Mr Blair has no need to worry about his place in history. That is assured thanks to Afghanistan and Iraq – and hasn’t that gone well?


Invading Iraq to eliminate non-existent weapons of mass destruction and clamp down on non-existent terrorists, we have managed to put great swathes of the country in the hands of real terrorists of particular savagery. The same brutes we support, oddly enough, when they are fighting the evil dictator Assad in Syria.

When the terror campaign spreads beyond the Middle East, as it surely will, I imagine that it will make rather more impact on life in London and our other great non-UKIP-voting, cosmopolitan cities than it will in the rural backwoods of the north.

Another great reason for all of us to count our blessings and ask just one question whenever we are asked to attend a business meeting in London: why?

If God had intended all our decision-making to be concentrated in one square mile, why would he have allowed us to invent videoconferencing and superfast broadband?

If the latter ever comes to my little hamlet, I’ll hardly ever need to leave the house again. And the cost of extending it would be a tiny fraction of the money we propose to lavish on HS2, to get people to their unnecessary meetings in London a fraction quicker.

Or, for that matter, on unnecessary wars that have achieved the exact opposite of what they were billed as being for, at a human cost that is almost unbearable to contemplate.


Originally published in The Journal, Newcastle upon Tyne.

Tuesday, 26 June 2012

The Olympics are all about sport, like socialism is all about fairness

Hands up everyone who believes that the head of IT at RBS-NatWest will not be in line for a whacking bonus this year.

I see. And do you also, by any chance, believe in fairies? Hold that the moon is made of green cheese and that the euro is a great engine of prosperity? Have you already placed a bet on England to win the 2014 World Cup? Do you eagerly look forward to the London Olympics and imagine that socialists are keen to pay tax?

I do not have space to tackle all these delusions, but let me deal with a few. The person in charge of computer systems at our favourite state-owned bank will surely deserve an exceptional reward for giving us a real taste of what life will be like if and when the euro finally implodes and takes our banking system with it.


Plus, of course, some additional bunce for sorting out the mess, if and when they ever do. Personally, I’d try turning it off at the plug and leaving it for a minute or two. That nearly always works for me.

As for England’s sporting prospects, I know nothing whatsoever about football, except that every recent humiliation seems to involve our players’ inability to score penalties. So here’s an idea. Why not try practising that a bit before the next tournament? There is no charge for this advice.

Then there are the Olympics. Could anything be more ludicrous than the half dozen or more police motorcycle outriders I encountered on the M6 last Wednesday, escorting not some head of state but a common or garden van and bus containing the sacred flame?



Which trundles around in this inflated convoy until it reaches a centre of population where it can be handed to a “runner” who will, on the evidence so far, almost certainly be unable to run either because they are even fatter than I am, or lacking the usual number of legs.

No wonder they commissioned those shapeless white torchbearer costumes, apparently sharing a designer with the orange jump suits worn at Guantanamo Bay.

Actually, something could be much more repulsive than that. Namely the cordoning off of “Olympic lanes” in London, making our capital resemble that of some totalitarian state, and the equally loathsome crackdown on everyday commercial activities to protect the investment of official sponsors.



The Olympics are all about sport in the way that socialism is all about fairness.

One of the joys of being self-employed is retrospectively handing over large chunks of money to HM Revenue and Customs twice a year. I have never pretended to enjoy it, or believed for a second that the Government has a better idea what to do with my earnings than I do myself.

Yet I have a number of diehard Labour-voting friends who assure me that I am wrong, and that the secret of a happy and fair society is for me to pay even more tax to support those less fortunate than myself.

Only it never seems to apply to them personally. Obviously. I still reel at the hypocrisy of a lifelong socialist who cheerily described over lunch how he had saved himself a million pounds in tax through some jiggery-pokery involving transfers between jurisdictions with different year-ends.

In the same way that these types rejoice in the destruction of state grammar schools, because they were unfair on the kids who could not get a foot on the ladder out of the sink estate. Then send their own kids to private schools rather than the local comprehensive. Because they’re worth it.

So it came as a delightful surprise to find that yesterday’s column by that inveterate left-winger Tom Gutteridge came to exactly the same conclusion that I have been arguing for years. Namely that taxes should be made low, compulsory and ideally flat.

Except on bonuses for IT chiefs at banks that have dropped millions of customers in the proverbial, where a marginal rate of at least 110% should apply.

Originally published in The Journal, Newcastle upon Tyne.

Tuesday, 12 June 2012

Intensive care: the right place for the euro, not the UK

There comes a point for many of us when life seems to consist of a series of hospital admissions: each leaving the patient looking and feeling weaker than the last, and sadly allowing little doubt about the final outcome.

That is very much the condition of the euro today. We may, if we wish, utter a sigh of relief at markets’ positive reaction to the Spanish bailout, but should be under no illusion that it constitutes any sort of cure.

In Germany, Frau Merkel keeps warning darkly that the survival of the single currency is “an issue of war or peace”, which should worry all of us who remember some basic history. She may well be right.



The conundrum is that eminent specialists take diametrically opposed views on whether drastic action to try and save the euro will make war less or more likely. Kill or cure? It’s not an issue one wants to settle with the toss of a coin, whether that be a euro or a pound.

I personally find it hard to fathom why our supposedly Eurosceptic Government is urging members of the Eurozone to forge ahead with creating a single state to save their currency, regardless of the wishes of their electorates, while at the same time contending that Britain will have nothing to do with any of it.

Apparently this went much better than the follow-up: "Look, Angela, it's an elephant!"

Particularly when, at the same time as encouraging the Continent to unite (probably against us, on all past form), it seems to be doing precious little to prevent Britain itself from breaking up.

Doomsters gleefully predict that the United Kingdom is another terminal case, and that the fine displays of Union flags turned out for the Queen’s Jubilee will never be seen again. Not because they are about to be replaced with the EU stars, but because the blue and white Scottish component will have to be removed following Mr Salmond’s independence referendum.



Given that the flag was created to symbolise the union of the Scottish and English crowns in 1603, rather than the union of governments in 1707, it is not immediately obvious why it should be doomed by a reversal of the latter, given that the SNP seems to have abandoned its plan to make Scotland a republic.

Along with its plans to join the euro and make Scotland part of that great “arc of prosperity” embracing Ireland and Iceland. Remember that?



Let us pause to reflect on exactly how much of its hard-won independence Ireland enjoys today. It simply has its austerity medicine prescribed by Berlin rather than London.




The other fatal flaw in what is left of Mr Salmond’s great scheme is that he now proposes to retain the British (or English) pound as his currency. Just as, thanks to the brilliant demonstration provided by the euro, it is generally agreed that having a single currency without a single government is a non-starter. 

Why are we entertaining the prospect of this nonsense running on until the 700th anniversary of Bannockburn in 2014, when there are so many bigger issues in the wider world to worry about?

The Jubilee surely gave a welcome boost to British identity and, if we can avert our eyes from no doubt embarrassing events in Poland and Ukraine over the next three weeks, this should be back on course as the country rallies behind Team GB at the Olympics.

What sort of showing would an independent Team Scotland make there, in the absence of recognition for caber-tossing and bridie-eating as Olympic sports?



With the world around us getting more dangerous by the day, it is surely high time that our friends across the border recognised how well off they are under our current constitutional and financial arrangements, and abandoned their sentimental longing for something better.

We may not be able to stop the European dream expiring, but at least moving the United Kingdom out of the bed next to the door would be a brave-hearted step in the right direction.


Originally published in The Journal, Newcastle upon Tyne.

Tuesday, 29 May 2012

Enjoy the Jubilee - and try not to think about what comes next

As one of Britain’s more fanatical monarchists, I am greatly looking forward to celebrating the Queen’s Diamond Jubilee – one of the very few genuine “once in a lifetime” events.

I have vivid memories of driving to London on an old A-road during the Silver Jubilee celebrations of 1977, passing through village after village hung with bunting that must have been carefully put away after the Coronation, judging by the number of South African and pre-maple leaf Canadian flags on display.

Now that's what I call a street party. Salford, 1977, according to The Guardian.

These may have finally succumbed to moths by the time of the Golden Jubilee in 2002, but the left’s eager predictions that the public would refuse to celebrate half a century of Elizabeth II turned out to be spectacularly wrong.

The Mall in 2002. The Guardian predicted a total lack of public interest.

My hopes are accordingly high for the week ahead, even if the weather forecast sounds dubious and we can no longer afford to turn out the Gold State Coach for a grand procession to St Paul’s.




But will the positive impact on my personal morale be reflected across the nation as a whole? On the one hand, we have Sir Mervyn King warning that the loss of GDP caused by an extra bank holiday may be enough to tip the UK into recession for a further quarter.

On the other, retailers tell us that they are looking forward to an £800 million spending spree that may partially make up for the thoroughly depressing 2012 they have endured so far. True, their other hopes are pinned on the generation of a “feelgood factor” by sustained good weather, a strong showing by England in the Euro 2012 football championships and a series of British triumphs in the Olympics. None of which looks massively more plausible than my decision to base my retirement strategy entirely on a big win in the National Lottery. Though I do at least usually remember to buy a ticket, thus raising my chances by a mathematically insignificant degree.

Above all, I greatly need some happy memories of the Jubilee to banish from my mind the defining image of 2012 in Britain so far: the team of 50 paramedics, firemen and police officers half demolishing a house in South Wales in a £100,000 operation to release a 63 stone teenager from her bedroom.

Image from The Sun

It is hard to imagine the sheer dedication to gluttony that must have been required to achieve a weight gain on this scale. Indeed, the only positive spin I have been able to put on it is seeing some encouraging parallels with the Eurozone, where Greece similarly finds itself trapped in an impossible position as the result of years of overindulgence.

It clearly won’t be easy to extricate it from its dilemma, but given the will and the resources perhaps it may yet be done. If not, who can tell what may await the Greeks and all the rest of us just around the corner?

When Britain last celebrated a Diamond Jubilee in 1897, the country was at the apogee of its imperial power and could look back on 80 years of global pre-eminence, rising if unevenly distributed prosperity, and relative peace.

Note how closely the soldiers stood together in those days ...

You don’t have to be a big Downton Abbey fan to know what happened 17 years later.

Today we may be sadly diminished as a power, but can similarly look back on more than 60 years of increasing wealth and the avoidance of large scale conflict. For the sake of our collective sanity, I suggest that we do not dwell too much on what may happen next, but simply reflect on our good fortune in having a head of state who has undoubtedly given us a much higher international standing than any politician would have managed.



And while enjoying the cakes and ale, remember also the personal moderation for which Her Majesty has always been renowned, lest more of us ironically end up requiring a bulldozer to release us from our homes when this “great summer of sport” finally comes to an end.


Originally published in The Journal, Newcastle upon Tyne.

Tuesday, 22 May 2012

The European earthquake that could change our lives forever

How would you feel if you woke up tomorrow and found that Britain had ceased to exist, and become part of another country?

You would be a touch surprised, I imagine. Yet within living memory, on 16 June 1940, just such a development was announced by no less a patriot than Churchill himself: “France and Great Britain shall no longer be two nations but one Franco-British Union”.



Desperate times call for desperate measures and this was Britain’s last throw to keep France fighting Germany. It did not work. The French capitulated and the “indissoluble” union was consigned to the footnotes of history.

Why bring this up now? Because we are similarly balanced on the edge of a precipice and might find ourselves rudely shocked by the speed and radicalism of the proposed solutions.

We watch the unfolding catastrophe in Greece in much the same detached way as most people in Britain observed the Czech crisis of 1938, memorably described by Prime Minister Chamberlain as “a quarrel in a far away country between people of whom we know nothing”.



Yet what is going on in southern Europe now has the potential to cost us far more financially than the Second World War ever did, and it is not just money that is at stake. If governments default, banks collapse, wages cannot be paid and cash machines stop working, it does not take a particular pessimist to see the potential for civil unrest on a scale that will make last summer’s riots look like a nursery school sports day.

It is particularly galling that all this was deliberately set up by the euro enthusiasts who realised that their dream of a single European state could never be realised through democratic consent. So they decided to build it by creating a monetary union that they knew full well would be inherently unstable, but could advance the cause of political union through “beneficial crises”.

As crazy Bond villain master plans goes, this one has worked an absolute treat – to the extent that we even have traditionally Eurosceptic politicians in the UK urging closer union on the members of the Eurozone as the only way to resolve their problems.



But why should even that work? The smart money at the time of writing seems to be on Greece being ejected from the euro and unimaginably large sums of money being splurged to keep Portugal, Spain, Ireland and Italy within the club. Though it is hard to see what ultimate purpose this will serve, other than saving the faces of the shining-eyed true believers in the European project.

Should they succeed, we would end up with the German-dominated Continent that two world wars were fought to avoid – with the difference that the Germans would not be an all-conquering master race, but the hard-working suckers paying to keep their southern neighbours in the comfortable style to which they have become accustomed. Given the resentments that would be generated on both sides, it is hard to see that as a durable arrangement.

There is absolutely no good outcome to this almighty mess. If you were planning on getting richer any time soon, I would forget it. But the least bad denouement is surely one through which we can see emerging from the dust of the earthquake not more Europe, but less - particularly for those of us in Britain, who are blessed by our geography and history with the ability to explore wider horizons than just looking longingly over the garden fence.

But standing on your own is tough. Even Churchill was tempted to gamble his country’s independence to keep an ally on side. As the crisis across the Channel deepens, we must maintain a hawk-like watch on our current leaders. Otherwise, who knows what we might find ourselves signed up for in a doomed attempt to mitigate the short term pain of change?


Originally published in The Journal, Newcastle upon Tyne.

Tuesday, 8 May 2012

Few things give us more cause to rejoice than being left behind

We all surely knew that the non-campaign for elected mayors was running into serious trouble when its supporters started bleating about the dangers of Newcastle being “left behind”.

I have been left behind all my life, from the earliest egg and spoon races at my primary school, and it has never done me any harm. In fact, I rejoice in it.

How many of us wake up in the morning full of regret that we ignored all those powerful politicians and economic gurus who warned us that we would be “left behind” if we did not join the euro? But there the parallel ends.

A lemming: no doubt cursing its luck at being left behind

Elected mayors were a half-baked idea that no one seemed capable of explaining coherently, let alone selling to an electorate that clearly had other issues much closer to its heart.

I await with keen interest a protest march chanting: “What do we want? More highly paid elected politicians! When do we want them? Now!”

The euro, on the other hand, while economically illiterate, is a very well-thought-through cog in that great political project designed to deliver a single European state. And even as the voters of France and Greece reject the parties of austerity, the cheerleaders of the new Europe like Lord Mandelson declare that the only answer to the crisis is – yes, you guessed it – more European integration.

Lord Contra-Indicator of Hartlepool and Foy

As a small-c conservative, I naturally take heart from the great British public’s tendency to reject gratuitous change, whether in the form of a regional assembly, the alternative vote or elected mayors, whenever anyone consults us directly.

I am also conscious, however, that the real victor in last week’s local elections and referenda was the Apathy Party, which kept more than two thirds of potential voters away from the polling stations.


If we don’t like Messrs Cameron and Osborne now, we are surely going to hate them when all the belt-tightening measures they have announced but not enacted actually start to impact on our lives.

It seems implausible that we would turn so soon to the comedy double act of the Two Eds, who were right at the epicentre of the Gordon Brown Fan Club that got us into our current mess in the first place.

Miliband and Balls: Ssshhh, don't mention Gordon

Though memories are remarkably short, as one can judge from the chorus of boos on any discussion programme when Coalition ministers attempt to pin the blame on the huge deficit that Labour ran up.

We cannot register a protest vote with the usual third party, since Nice Nick is enjoying a threesome with those other posh kids, so where does that leave us? With Nigel Farage, Caroline Lucas, George Galloway and Nick Griffin, plus others who would make their policies look like positively mainstream.

In short, pretty much where the Greek people have ended up today. Time will tell whether the net result is to be the collapse of the euro project or the extinction of democracy in Greece and any other country where the electorate has the temerity to challenge the wisdom of the European elite.

My money, I regret to say, is on the latter. But, either way, we face a period of acute economic and political turbulence across the Channel that isn’t going to do any favours for prosperity or stability here.

I would relish a referendum that gave Britain the opportunity to start extricating itself from this European car crash. The result is far from easy to call: our innate conservatism and shortness of memory surely militate against apparently radical action to put the clock back and reclaim our independence.

But when you are perched on the edge of a cliff with a forest fire advancing behind you, there is no easy choice.

Who will give us the chance to vote on something that actually matters? If nothing else, it might help to push the Apathy Party back into the minority where it rightfully belongs.


Originally published in The Journal, Newcastle upon Tyne.

Tuesday, 27 December 2011

2011: not a vintage year

Never mind the Arab Spring, the summer riots, the autumn anti-capitalist occupations and the looming winter of discontent. Forget about the deaths of bin Laden and Gadaffi, and the birth of Southern Sudan.

Ignore the tsunamis, earthquakes, mudslides, potential nuclear meltdowns and the relentless retreat of glaciers and polar ice caps.

Put from your mind, if you can, even the happy images of the royal wedding, including that arresting rear view of the bride’s sister.


Because none of those was the key event of 2011. That took place all the way back on January 1, when Estonia joined the euro. The first instance in recorded history of a rat commissioning a fast launch to get it on board a rapidly sinking ship.

The political class of Estonia are thus elevated to that pantheon of geniuses who can be relied upon to show the rest of us what not to do, alongside the Financial Times, the European Commission, the Labour and Liberal Democrat front benches, and virtually anyone called Bercow.


A quick internet search confirms this with the telling headline “Estonian wind power sector faces rapid growth”.

My top tip: keep a close eye on Tallinn to determine your business and investment strategies for 2012 and beyond.

Keith Hann is a financial PR from Northumberland, a regular Journal columnist and a born optimist: www.keithhann.com

Originally published in The Journal, Newcastle upon Tyne.

Tuesday, 22 November 2011

Dictatorship seems a more pressing danger than global warming

This column has never made any claim to omniscience. How could it? I am a half-employed PR man, for heaven’s sake. Though at least this makes me less of a threat to the nation than the former PR man currently resident in 10 Downing Street.

The sharpest knife in the box. Apparently.

But I did work in the City of London for almost 30 years after somehow picking up a first class honours degree in history. So I do know a tiny bit about both the world of high finance and the lessons of the past.

In “Views of the North” last week, Mr Derek Robertson of Gateshead took me to task for claiming in my last column that “our current financial woes are basically down to the EU and the euro”. I did no such thing. I merely pointed out that the creation of the euro had, quite unnecessarily, made an already extremely bad situation potentially catastrophic for democracy and peace.

At the risk of repeating myself, the euro was and is an economically illiterate construction, designed to drive the political union of Europe so that a tiny elite could strut the world stage as representatives of a superpower, claiming parity with the US or China.

Our beloved President van Rompuy

The fact that its creation was dressed up in the language of peace and prosperity made it all the more annoying. That is why I drew a parallel with wind power, which is a classic moneymaking scam designed to benefit a relatively small number of developers and landowners at the expense of the rest of us. Yet it similarly comes infuriatingly wrapped in self-righteous claims that it is all about “saving the planet”.

Let us accept, for the sake of argument, that the Earth is getting warmer. Let us further concede that this may be driven by population growth and industrialisation. I have no difficulty in believing that, while the world may be able to support more than seven billion human beings, it is going to be placed under some strain if they all aspire to the lifestyle of rich Americans.

But bearing in mind the UK’s tiny share of world industrial output, consigning 515 people around Lynemouth to the dole queue by raising taxes to cut carbon emissions seems to me a disproportionately high price to pay for Chris Huhne’s occupation of the international moral high ground.

So, farewell then: Alcan Lynemouth

Meanwhile the Government’s own chief scientific adviser on energy pointed out at the weekend that we will need to cover vast swathes of the country in wind turbines, solar panels and biofuel crops to “go green” and will still only be able to generate a relatively small fraction of our energy needs from renewable resources. Of which wind is much the least satisfactory because of its intermittent nature.

As for allegedly failing to name and shame those guilty for our current economic predicament, even I grew bored with writing week after week that the claim to have “abolished boom and bust” defied all the evidence of history.

The ultimate responsibility of bankers, and those who failed to regulate them, is beyond dispute. It is indeed maddening that they have gone unpunished, their unjustified bonuses neatly laundered into agreeable town houses in Chelsea and country estates in the Cotswolds. I have pointed out in the past that, if it happened in China, at least a representative sample of them would have been shot.

Bankers: the way forward?

But this isn’t China, and I hope it never will be, however much the Chinese economy may prosper. Because the bottom line is that I would like my sons to grow up in a free country where they have a chance to sack the government every five years, rather than being ruled by “technocrats” or commissars who can only be deposed by taking to the streets and facing down people armed with batons, rifles or tanks.

Call me dumb if you wish, but right now that seems a much greater threat to their future than rising sea levels, and is also something that we might be able to take some meaningful action to prevent.


Originally published in The Journal, Newcastle upon Tyne.

Tuesday, 15 November 2011

Small satisfaction in being proved right as the storm clouds gather

I find it hard to believe that almost two decades have passed since the Conservative party was tearing itself apart over John Major’s determination to ratify the Maastricht treaty, despite Britain’s ignominious exit from the Exchange Rate Mechanism.

"Bastards!"

That, it seemed to me, should have been evidence enough of the utter folly of attempting to lock exchange rates between divergent economies. But the ideologues pressed on regardless with their creation of the euro as a means to advance the cause of a single government for Europe.

Turned out well, hasn’t it? Having been castigated as a backward-looking little Englander for opposing this half-witted project, I hope I may be forgiven a moment of quiet satisfaction as I read the recantations of many of the scheme’s cheerleaders; there was a particular corker in one of the Sunday papers from the former editor of the Financial Times.

But unfortunately we are where we are: in the most horrible mess, with deeply depressing implications for prosperity, democracy and even peace.

Images of Greek protesters and rioters have been removed to avoid potential charges (financial, not criminal) from the money-grubbing image copyright police.


All going terribly well

In the early 1990s I had regular arguments with a distinguished client who was one of the leading lights of the pro-euro campaign. When his economic arguments failed, as they always did, he fell back on the spectre of war. Binding Europe together with a single currency was the only way to preserve the peace that had lasted since 1945.

It always seemed to me to be taking an excessively negative view of the Germans to believe that the only way to stop the Panzers once more rolling into Poland or Alsace was to give Germany a pivotal role in the economic management of the whole Continent.

Far more likely, I argued, that the creation and inevitable collapse of a supranational authority with no popular mandate would ultimately cause conflict, rather than preventing it.

It gives me no pleasure at all to note that this is exactly how it looks today, as the elected governments of Greece and Italy are deposed in favour of administrations led by “technocrats”.

This may not sound too bad, particularly as an alternative to a buffoon like Berlusconi. But how would we have felt if Gordon Brown had exited Number 10 not following a General Election, but because he had simply been sacked by the Queen, acting as proxy for the European Commission, and replaced by Baroness Ashton or Mervyn King?

Surely it is worth bearing in mind that the global banking crisis was the creation of the technical experts in that field, and that what we desperately needed was not more technocrats but more lay people with a smattering of common sense saying loudly and repeatedly “Hang on, this is completely mad.”

Right now, the ways forward seem to be the collapse of the euro, causing widespread economic misery; Germany picking up the gigantic bill to keep the euro together, which its taxpayers will not wear; or China backing down on its unsporting refusal to drop a few trillions into the proffered European hat.

Whichever way it goes, the implications look bleak for the future of democracy, and the avoidance of civil unrest and international tension. Yes, those of us who argued against British membership of the euro have done the country a service by keeping us off the passenger list of the doomed liner, but our rather frail craft stands no chance of enjoying a smooth passage as the whirlpool of catastrophe on the Continent does its best to suck us down.

So we sceptics were bang right. Big deal. Move on. But do please bear this lesson in mind the next time someone tries to sell you an idea wrapped up in the phraseology of progressiveness and inevitability.

A rare image of a wind turbine actually doing something

I will take similar momentary satisfaction, a decade or two from now, when the eager proponents of wind power finally admit that they were completely wrong. But by then our finest landscapes will have been desecrated by useless turbines, and we will be sitting in the cold and dark. And there will be no quick, easy and painless solution to that avoidable mess, either.


Originally published in The Journal, Newcastle upon Tyne.