Why Nigel Farage’s shift to the centre is a big mistake

Three months after the European elections, when Ukip became the first political force to top a national poll since Labour started to break through a century ago, Nigel Farage’s outsiders look to have become a permanent part of the political landscape.

They are regularly polling between 10% and 15%, and at the next general election look set to win a significant slice of the vote, and perhaps even a few seats.

The trouble is, they have also abandoned the opportunity to be genuinely radical. The party has just unveiled its tax polices, dropping its commitment to a flat tax [...]

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'Would you rather upset God, or have Him just ignore you?'

In the first of three interviews with Merryn Somerset Webb, Hugh Hendry, manager of the Eclectica Fund, talks about what it takes to be a good hedge fund manager – and how he learned to stop worrying and love central banks.


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21 November 1969: The first permanent Arpanet link

A milestone in the formation of the internet, the first permanent Arpanet link was established on this day in 1969 between researchers in the United States.