LONDON – On December 3, 2018, the Central European University announced that from September 2019 it would relocate most of its teaching from Budapest to Vienna. Hungarian Prime Minister Viktor Orbán’s government had, in effect, closed down the CEU, founded by Orbán’s favourite bogeyman, George Soros. “Arbitrary eviction of a reputable university is a flagrant violation of academic freedom,” declared the university’s rector, Michael Ignatieff. “It is a dark day for Europe and a dark day for Hungary.”
My Lords, I do not want to add to the volume of speculation about what will happen tomorrow or a day or two after. The noble Lord, Lord Howell of Guildford, expressed clearly my position on what should happen: the withdrawal agreement, or an amended successor to it, should be made subject to a vote of confidence, and if the Government lose it there should be a general election. That is the clean and British way but whether it will happen is in the hands of the gods at the moment.
My Lords, I welcome the general thrust of the Budget. As the OBR says, it represents the “largest fiscal loosening” since 2010. Noble Lords have suggested that the Chancellor is spending his windfall, but I mistrust the language of “windfalls”. Windfalls are only forecasts of revenue based on forecasts of growth; they are not there under the bed, so to speak, and should be given the credence they deserve—which is very little.
LONDON – The United Kingdom’s “Remainers,” who still hope to reverse Britain’s decision to leave the European Union, have placarded British cities with a simple question: “Brexit – Is It Worth It?” Well, is it?
Labour has always been set a higher standard on the economy than the Conservatives: it had to be more orthodox, more competent, more successful to win equal praise or escape equal blame. The reason is not hard to find: created and financed by the trade unions, and committed to the abolition of capitalism, the Labour Party faced obvious difficulties in guaranteeing what John Maynard Keynes called a “political and social atmosphere congenial to the average business man”. Not that it necessarily wanted to: it was torn between wanting to “manage capitalism” better than the Conservatives and the desire to achieve socialism.