Henry VIII’s prompted a schism with the Pope and England's big break with the ideological leadership of continental Europe. Just like Brexit, it sought to remove the legal constraints of a foreign supranational power. express.co.uk/news/uk/113151…
Henry VIII does exactly what Theresa May has been doing and he does it for two years: he negotiates with Rome on Rome’s terms. He uses as principal minister Cardinal Thomas Wolsey who didn’t believe in the divorce, hated Anne Boleyn and really wanted to keep England in Rome.
Henry makes exactly the same mistake, except of course when the catastrophe of Wolsey's approach with the divorce is brought home with the suspension of the papal court that had been sitting in England with Cardinal Leggett campeggio...
When that is brought home to Henry, of course, he is not a 1922 Committee. It doesn’t take him an eternity to decide that Wolsey has got to go.
This is the point where the stories diverge.
Suggesting a no deal Brexit would be the best approach to proceed, Mr Starkey added: "Radically, Henry stops, thinks, commissions researchers, works out a series of rational grounds. He is pushing the argument to the self sufficiency of England, he really reinvents England.
Putin wouldn't be invading if Trump were still in the White House. The enemies of the west see this period as a window of opportunity within which to undermine and erode the US leadership.
— Nile Gardiner telegraph.co.uk/news/2022/02/2…
President Trump was derided by his political opponents as an isolationist, soft on strongmen autocrats like Putin. The Left painted him as a populist who undermined US alliances while turning a blind eye to human rights abuses by dictator regimes.
Having met him several times and closely observed the foreign policy of his administration, I saw a very different picture. I witnessed first-hand a presidency deeply committed to strengthening the US leadership in the world and actually putting fear into US enemies.
Putin controls the supply chain of western technology, so who is bluffing? Russia has the power to hobble key industries in the US and Europe by restricting supplies of metals
The wishful thinking has begun. Core Europe is already persuading itself that Putin will be sated with Donetsk and Luhansk, allowing EU companies to keep selling Gucci bags and BMWs to Russia in exchange for commodities – after a stern lecture on international law, of course.
The US, UK, and Poland have reached the opposite conclusion, strongly suspecting that the military occupation of the Donbas is the springboard for a full invasion of Ukraine.
The impending war in Ukraine has exposed not just the impotence and shameful appeasement mindset of EU’s ruling elites in Brussels, Berlin and Paris. It has also sharply illustrated the tragic decline of American leadership on the world stage. telegraph.co.uk/news/2022/02/2…
It is no coincidence that Putin has mobilised more than 150,000 Russian troops on Ukraine’s borders while Biden is in the White House. Clearly Putin views Biden as a pushover, a weak-kneed president that has no clear strategic vision for the US in the global arena
Much like Obama, Biden’s foreign policy has been reactive, based upon the naive ideal of multilateral diplomacy, rather than the projection of US might. Obama’s advisers spoke of “leading from behind”. Biden’s team (many served in the Obama administration) can barely lead at all.
Central bankers were too late in 2021 but the worst they could make in 2022 is to swing suddenly from loose money to tight money, sending Western economies clattering into recession. You do not correct one policy error by committing the opposite policy error.
Many voices call for drastic rises in interest rates. Be careful: the monetarists themselves are not making such an argument. They are the new doves. Monetary policy effects require 12-18 months. It is too late to do anything useful about the inflation shock of recent months.
The UK economy is doing a lot better than its implacable critics will admit. With the right policy mix, the UK may even be the G7’s fastest-growing economy again in 2022
✍️🏼 AEP telegraph.co.uk/business/2022/…
The purist methodology of the ONS overstated the 2020 collapse in GDP and it has overstated the mechanical rebound in 2021 (an explosive growth of 7.5%). France has seen the same distortion. UK is in the middle of the G7 and OECD pack, just shy of its pre-pandemic level of GDP.
Even so, the UK has recovered well ahead of Japan, Germany and Spain, and slightly ahead of Italy. France has done better but discretionary fiscal stimulus is enormous — Macron’s critics allege pre-electoral pump-priming (il crame la caisse) — so the comparison lacks relevance.
Major attacking Boris Johnson is like a goldfish square up to a blue whale. The comparison is embarrassing. Disgraceful, disloyal and anti-democratic, Major and his ilk may succeed in crushing Boris. But only Boris will go down in history.
When Major became PM in 1990, he inherited 396 Tory MPs. 7 years later he was left with just 165, and it took three elections for the Tories to get back in, after his calamitous decision to enter the European Exchange Rate Mechanism and to sign the godawful Maastricht agreement.
Compare that with Boris. The Tories got 8.8% in the EU elections. A few months later, with Boris leader, they achieved 44% in the 2019 GE and an 80-seat majority. A turnaround Major could only dream of. Boris has the kind of political charisma that Major can only sit and admire.