Monday , May 22 2017
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Ambrose Evans-Pritchard
Ambrose Evans-Pritchard is International Business Editor of The Daily Telegraph. He has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels.

Telegraph Blog

Opinion

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Why David Cameron will struggle to out-Ukip Ukip on EU migration

As I point out repeatedly, the debate about EU migration and free movement has two separate, but related, dimensions: “fairness” – who can access what benefits and when; and “volume” – how many migrants come to the UK every year. So far, David Cameron has been sticking to fairness, seeking to change the EU rules on both out of work benefits such as job-seekers allowance, and in-work benefits such as tax credits. In my view, this is the right focus. EU free movement is a net benefit to the UK...

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David Cameron promises to withdraw Britain from the European Union (yes – I mean it)

In his speech to Conservative Party Conference, David Cameron said this: But we know the bigger issue today is migration from within the EU. Immediate access to our welfare system. Paying benefits to families back home. Employment agencies signing people up from overseas and not recruiting here. Numbers that have increased faster than we in this country wanted… …at a level that was too much for our communities, for our labour markets. All of this has to change – and it will be at the very...

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Germany’s Eurosceptic AfD spells end to Europe’s false calm, warns S&P

Standard & Poor’s has issued an extraordinary credit alert on the eurozone, one that deserves close attention. It warns that the rise of Germany's AfD anti-euro party calls into question the euro bail-out machinery and queries the pitch for any form of QE, stimulus that has already been pocketed and spent in advance by the markets. It will force Angela Merkel to take a tougher line on Europe, and further complicates the management of the (already dysfunctional) currency bloc....

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The truth about smoking – it saves the public purse a lot of money

Ed Miliband is expected to propose a new tax on tobacco companies – possibly levied according to market share – in his Labour Party conference speech to help fund greater spending on the National Health Service. Fair enough, you might say. The tobacco companies cost the NHS, and therefore the public purse, an awful lot of money. Wrong. I know this because I once heard it from the mouth of Professor Sir Richard Doll, no less, the man whose research originally proved the link between smoking...

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The Unionist way forward

Photo: ALAMY During the Scottish referendum campaign, in a moment of panic (justified or otherwise), the Prime Minister and others agreed a rapid timetable for additional devolution of powers to the Scottish Parliament and Executive. The morning after victory, the Prime Minister announced that, in tandem, there would be a broader set of constitutional reforms to tackle the notorious “West Lothian Question”. His English votes on English measures proposals face attacks from three sides –...

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Scottish referendum: Out of the frying pan into the fire

Out of the frying pan into the fire. Sterling rallied in relief overnight as it became progressively more obvious that the outcome of the Scottish referendum would be a reasonably decisive no. But hold on a moment; that doesn't mean no change. The old uncertainty has merely been replaced by a new kind of imponderable – what sort of union are we going to end up with? In his post referendum statement, David Cameron, the prime minister, said that the West Lothian question – the anomoly under...

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Why Scots should vote No tomorrow

Vote No… I have written quite a lot about the Scottish independence referendum over the past couple of years. Tomorrow, Scots vote. Here is my summary of the case why Scots should vote No. First, the positive case. Scots should vote "No" because the Union that constitutes Great Britain is one of the world's great states, both powerful and good. The partnership of Scotland with the rest of the UK does of course have a glorious history – financial, philosophical, entrepreneurial, industrial,...

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BBC bias on Scotland: where is the ‘social fairness’ in income redistribution?

There have been a lot of complaints from separatists about supposed pro-union bias in the BBC's – and specifically Nick Robinson's – reporting of the independence debate. Indeed there was a whole and somewhat disturbing rally devoted to it. I can't say I've noticed the phenomenon – beyond duty to report the no campaign thoroughly and faithfully – though I guess that if it exists at all, it's as much about self interest as anything else. The British Broadcasting Corporation is as frightened...

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Only a monetary ‘nuclear bomb’ can save Italy now, says Mediobanca

Photo: Alamy The OECD has drastically cut its growth forecast for Italy. The depression will drag on though most of 2015. The economy will contract by 0.4pc this year. It will remain stuck in the doldrums next year with growth of just 0.1pc. If so, Italy’s public debt will spiral to dangerous levels next year, ever further beyond the point of no return for a country without its own sovereign currency and central bank. “This is catastrophic for the finances of the country. We’re heading for...

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