Monday, 13 October 2008



Monday 13th October 2008Britain's leading conservative blog
Today's main news stories

Economic crisis: What should the Tories do?

"As the financial system returns to a subdued version of normal, there is bound to be an inquest... If the Tories are wise, they will play a full part in the UK end of the reassessment, avoiding shrill denunciations and expressing themselves with the seriousness which the situation demands. They must also ensure that false and damaging explanations do not take root. These problems were not created by short-selling and bonuses. Excessive benevolence is much more to blame than excessive greed." - Bruce Anderson in The Independent

"For now, David Cameron wisely plays the role of the concerned but loyal opponent, doing little to rock the boat. Many of his advisers feel it is enough to sit back and wait for the recession to bite and deliver voters into the arms of the Opposition. But a party seeking to wrest the reins from an old and enfeebled regime cannot maintain this posture for long without risk." - Independent leader

John Maples calls for more bank chiefs to fall on their swords

Maples_john "John Maples, a deputy chairman of the party, said the chairmen and chief executives of "half a dozen" British banks should do the "honourable thing"... "I just don't know how the banks have got away with no resignations and nobody being fired."" - The Herald

French press greet Brown as "The Raised Magician" - Telegraph

Brown has a 'good' crisis as world follows his lead - Independent

"However much blame our former Chancellor wants to lay on America, the UK bank crisis was not inevitable. It hasn’t happened in Canada, Australia or Sweden because their banks were properly regulated." - Trevor Kavanagh in The Sun

Tory plan to cut Network Rail's engineering work monopoly - Guardian

Michael Gove attacks delays of payment of Education Maintenance Allowance to 16-18yos

Gove_michael_blackUnder the EMA, 16- to 18-year-olds from the poorest backgrounds receive £30 a week to remain in school, sixth-form and college courses: "Michael Gove, shadow schools secretary, said: "Just a few months after Ed Balls's department delivered us the Sats fiasco, the payment of EMAs is similarly mired in chaos. Thousands of pupils have not received the money they're entitled to and it looks as if many are not having their applications processed correctly. We urgently need an independent inquiry to establish what has gone so badly wrong and how we can avoid the same situation next year." - Telegraph

Brown moves heart of government to Number 12 Downing Street - The Sun

Mandelson in line for £1m pay-out - BBC

Iceland-struck local councils to meet Treasury to cover £800m deficit - Times

100,000 Polish workers say goodbye to Britain as jobs become harder to find - Daily Mail

What is the greatest emotion of our age?

Frankiegoestohollywooragehard24499 "What is the defining emotion of our time? Fear, many might say, but I think rage may be closer to the mark. Reading and listening to reactions to the bad economic news the overwhelming sense is of anger looking for an outlet. On the roads I find drivers more assertive, aggressive and pugnacious than ever. In queues for morning coffee or on the Tube, the classic phlegmatic Brit has been replaced by a commuter primed to go off at any second. I hope I am wrong, but I sense deep currents driving emotions to new heights. A wave is swelling, and I fear to contemplate the damage when it makes landfall." - Michael Gove in The Times