Village People: Tories ill at ease with the wheeze that is quantitative easing

 

The Tory right does not approve of the Bank of England's decision to inject £75 billion into the economy in the latest round of quantitative easing, or QE.

The MEP Daniel Hannan came close to accusing the Bank of printing counterfeit money, the MP Steve Baker said a worse crisis would be the inevitable consequence and the MP Douglas Carswell, pictured, called it a "disaster". At this point, that inveterate tweeter Iain Dale popped up. "Douglas Carswell is absolutely right, QE is a disaster. Pity it seems only to be the two of us saying it," he offered. This greatly offended James Delingpole, sage of the Daily Telegraph, who tweeted back: "Oi, bugger off, Mister Ego. LOADS of people are saying QE is a total effing disaster, not just you and Carswell." Nice.

MP apologises for kicking soccer fans when they are already down

Harriett Baldwin, the Tory MP for West Worcestershire, has apologised to Millwall fans. Describing how it feels to be campaigning for better representation of women, Mrs Baldwin told Channel 4 that it was like being assailed by Millwall fans. This provoked a rebuke from a one of the football club's fans, City fund manager John Coppock, who asked that she "refrain from such stereotyping".

Mrs Baldwin emailed back: "I am quite sure that Millwall supporters are unfairly stereotyped, not least by me. However, I believe they use the slogan 'Nobody likes us and we don't care', which led me to suspect that I was unlikely to offend them with my off-hand remarks. "However I can appreciate that being compared to Labour backbenchers in full cry at PMQs must be extremely offensive to all Millwall supporters and I apologise profusely."

Has Ed shaped the Labour succession?

The chances of Ed Miliband being succeeded by a white male diminished after yesterday's Shadow Cabinet reshuffle. Rachel Reeves, appointed shadow chief secretary to the Treasury, has not quite matched the achievement of Harold Wilson, who joined Clement Attlee's Cabinet at the age of 31, but at 32 she is the youngest person to serve in a Labour Shadow Cabinet.

She has the look of a future leader, but could be beaten to it by Chuka Umunna, who is only a few months older.

Role reversal now the order of the day in Downing Street

When the political journalist Julian Glover was running the Guardian website years ago, he looked for bright young MPs to contribute, and alighted upon the MP for Witney, David Cameron. But in future their roles will be reversed. Glover will write for Cameron, when he becomes a Downing Street speech writer.

Don't bank on money men to do right thing

Lord (David) James, a former corporate trouble shooter, told an interesting tale in the House of Lords this week. A little over 20 years ago, he alerted the Government to the development by Iraq of a 'supergun' made with steel tubes fabricated in Britain. Dr David Kelly, the weapons specialist who achieved unwanted fame after the Iraq war, was put on the case.

"We went together to see the National Westminster Bank and asked it to make available all the details of all the people that it was paying for armament developments with Iraq," Lord James said. The bank refused, he said, telling him: 'We absolutely cannot touch it because it would be a breach of our obligations to our customers'.

"Later the same day," Lord James went on, "we went to see Lloyds Bank and asked the same question, and Lloyds Bank unfolded the whole lot to us. Remarkably, at the end, they turned to Dr Kelly and said, 'While you're here, Dr Kelly, would you like to see the details of the capacitors for the Iranian nuclear bomb as well?'"

Lord James added: "Which of those two banks behaved correctly that day? Lloyds did."

Start your day with The Independent, sign up for daily news emails
News
peoplePair enliven the Emirates bore-draw
Arts and Entertainment
tvPoldark episode 8, review
News
Britain's opposition Labour Party leader Ed Miliband (R) and Boris Johnson, mayor of London, talk on the Andrew Marr show in London April 26
General electionAndrew Marr forced to intervene as Boris and Miliband clash on TV
Arts and Entertainment
Ramsay Bolton in Game of Thrones
tvSeries 5, Episode 3 review
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksA special investigation by Andy McSmith
  • Get to the point
2015 General Election
May2015

Poll of Polls

Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Ashdown Group: Senior Accounts Assistant - Accounts Payable - St. Albans

£26000 - £28000 per annum + benefits : Ashdown Group: Senior Accounts Assistan...

Ashdown Group: Treasury Assistant - Accounts Assistant - London, Old Street

£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...

Recruitment Genius: Installation and Service / Security Engineer

£22000 - £40000 per annum: Recruitment Genius: This company is part of a Group...

Recruitment Genius: Service Charge Accounts Assistant

£16000 - £18000 per annum: Recruitment Genius: Are you a a young, dynamic pers...

Day In a Page

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

Not even the 'putrid throat' could stop the Ross Poldark swoon-fest'

How a costume drama became a Sunday night staple
Miliband promises no stamp duty for first-time buyers as he pushes Tories on housing

Miliband promises no stamp duty for first-time buyers

Labour leader pushes Tories on housing
Aviation history is littered with grand failures - from the the Bristol Brabazon to Concorde - but what went wrong with the SuperJumbo?

Aviation history is littered with grand failures

But what went wrong with the SuperJumbo?
Fear of Putin, Islamists and immigration is giving rise to a new generation of Soviet-style 'iron curtains' right across Europe

Fortress Europe?

Fear of Putin, Islamists and immigration is giving rise to a new generation of 'iron curtains'
Never mind what you're wearing, it's what you're reclining on

Never mind what you're wearing

It's what you're reclining on that matters
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband

Chuka Umunna: A virus of racism runs through Ukip

The shadow business secretary on the benefits of immigration, humility – and his leader Ed Miliband
Yemen crisis: This exotic war will soon become Europe's problem

Yemen's exotic war will soon affect Europe

Terrorism and boatloads of desperate migrants will be the outcome of the Saudi air campaign, says Patrick Cockburn
Marginal Streets project aims to document voters in the run-up to the General Election

Marginal Streets project documents voters

Independent photographers Joseph Fox and Orlando Gili are uploading two portraits of constituents to their website for each day of the campaign
Game of Thrones: Visit the real-life kingdom of Westeros to see where violent history ends and telly tourism begins

The real-life kingdom of Westeros

Is there something a little uncomfortable about Game of Thrones shooting in Northern Ireland?
How to survive a social-media mauling, by the tough women of Twitter

How to survive a Twitter mauling

Mary Beard, Caroline Criado-Perez, Louise Mensch, Bunny La Roche and Courtney Barrasford reveal how to trounce the trolls
Gallipoli centenary: At dawn, the young remember the young who perished in one of the First World War's bloodiest battles

At dawn, the young remember the young

A century ago, soldiers of the Empire – many no more than boys – spilt on to Gallipoli’s beaches. On this 100th Anzac Day, there are personal, poetic tributes to their sacrifice
Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves

Follow the money as never before

Dissent is slowly building against the billions spent on presidential campaigns – even among politicians themselves, reports Rupert Cornwell
Samuel West interview: The actor and director on austerity, unionisation, and not mentioning his famous parents

Samuel West interview

The actor and director on austerity, unionisation, and not mentioning his famous parents
General Election 2015: Imagine if the leading political parties were fashion labels

Imagine if the leading political parties were fashion labels

Fashion editor, Alexander Fury, on what the leaders' appearances tell us about them
Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

Phumzile Mlambo-Ngcuka: Home can be the unsafest place for women

The architect of the HeForShe movement and head of UN Women on the world's failure to combat domestic violence