Quotulatiousness

July 19, 2013

Bitter reality scheduled to return on September 22nd

Filed under: Economics, Europe, Germany, Government — Tags: , , , , , — Nicholas @ 08:46

Here’s an unpleasant idea to disturb your narrative of economic recovery:

You may have noticed the small blurb recently that the ECB had eased the rules for asset backed securitizations. You may have read this snippet and thinking nothing of it you moved on. This would have been a mistake because just here you would have noticed the cracks of a crumbling empire.

The French banks, the Spanish banks, the Portuguese banks are all engaged in an ongoing charade so they do not need to ask the EU for help. They all are taking their Real Estate loans, the properties that they have confiscated, the commercial loans that are no longer paying and they have put them into massive securitizations that are pledged at the ECB as they are given cash for the collateral. The collateral, as you may suppose, has all of the value of cents on the Dollar but they are given money at par while the ECB carries them on their books at par. It is a fraudulent scheme jam packed with money created out of nothing but it is judged to be a better plan that to have to admit to accurate financials and have the banks of Europe default all across the Continent.

[. . .]

There will be nothing but lying until September 22, 2013 which is the date of the German elections. This is the drop dead date that I have been asked about for so long. Then, as soon as the celebration is over that Ms. Merkel is to remain in power, the world will turn on its axis. The status quo will disappear and there will be a “shock and horror” campaign as the Southern nations of Europe demand more help and Germany squirms and then refuses to provide it because it does not have the assets to do so.

Spain, France, Portugal, Greece, Cyprus, and even Italy are all going to line up at the trough only to discover that the promise of water was just that, a promise, and does not exist. A Biblical drought will be upon the Continent and from the political battles will emerge new alliances and new screams calling the traitors by name. The twin towers upon which the markets rest, money from nothing and fairy tale financials, will decompose in the light of this new sun and our old friend, Fear, will return to haunt us.

Sleep well.

July 8, 2013

No matter who you vote for, the Ruling Party always gets in

Filed under: Britain, Politics — Tags: , , — Nicholas @ 00:01

Charles Stross has himself a theory on politics:

I’m nursing a pet theory. Which is that there are actually four main political parties in Westminster: the Conservatives, Labour, the Liberal Democrats, and the Ruling Party.

The Ruling Party is a meta-party; it has members in all of the three major parties, and probably the minority parties as well. It always wins every election, because whichever party wins (or participates in a coalition) is led in Parliament by members of the Ruling Party, who have more in common with each other than with the back bench dinosaurs who form the rump of their notional party. One does not rise to Front Bench rank in any of the major parties unless one is a paid-up Ruling Party member, who meets with the approval of the Ruling Party members one will have to work with. Outsiders are excluded or marginalized, as are followers of the ideology to which the nominal party adheres.

Your typical Ruling Party representative attended a private school, studied Politics, Philosophy and Economics at Oxford (or perhaps Economics or Political Science at the LSE). If they took the Eton/PPE route they almost certainly joined the Oxford debating society. Alternatively they might be a barrister (a type of lawyer specializing in advocacy before a judge, rather than in back-office work).

The Ruling Party doesn’t represent the general electorate, but a special electorate: the Alien Invaders and their symbiotes, the consultants and contractors and think-tank intellectuals who smooth the path to acquisition of government contracts or outsourcing arrangements — the government being the consumer of last resort in late phase consumer capitalism — arrangements which are supported and made profitable by government subsidies extracted from taxpayer revenue and long-term bonds. The Ruling Party is under no pressure to conform to the expectations of the general electorate because whoever the electors vote for, representatives of the Ruling Party will win; the only question is which representatives, which is why they are at such pains to triangulate on a common core of policies that don’t risk differentiating them in a manner which might render them repugnant to some of the electorate.

It would explain a lot, actually.

June 26, 2013

Australian PM deposed in party coup

Filed under: Australia, Politics — Tags: , , — Nicholas @ 08:22

It may seem fitting that Julia Gillard was ousted from the premiership in the same way she achieved the position – an internal party coup:

Former Prime Minister Kevin Rudd on Wednesday pulled off one of the most sensational political comebacks in Australian history, ousting in a party vote Prime Minister Julia Gillard, the woman who replaced him as leader of the Labor Party in a 2010 party coup.

The victory by Mr. Rudd in a closed-door vote late Wednesday paves the way for an end to the rocky tenure of Ms. Gillard, who had called the surprise vote in an effort to head off a challenge from Mr. Rudd’s backers. Much of the momentum to reinstate Mr. Rudd came from a steady drumbeat of polls showing that the party under Ms. Gillard was almost certain to face a catastrophic loss in elections to be held in September.

Ms. Gillard became Australia’s first female prime minister in a 2010 party coup that ousted Mr. Rudd, who was derided during his tenure for an authoritarian leadership style. But she has seen her poll ratings plummet since announcing in January, unusually early, that federal elections would be held in September.

[. . .]

Despite Mr. Rudd’s victory within his own party, he is not automatically assured of becoming the new prime minister. It remained immediately unclear whether he had enough support from the independent lawmakers whose backing allowed Ms. Gillard to form a government after Labor’s disappointing showing in the last elections. The process starts when Ms. Gillard now formally asks the country’s governor general to make Mr. Rudd prime minister.

Mark Steyn on the rise of UKIP

Filed under: Britain, Europe, Media, Politics — Tags: , , , , — Nicholas @ 00:01

It’s the attack of the swivel-eyed loons:

It’s all but impossible to launch a new political party under America’s electoral arrangements, and extremely easy to do so under Continental proportional representation. The Westminster first-past-the-post system puts the task somewhere in between: tough, but not entirely the realm of fantasy. The Labour party came into being at the dawn of the 20th century, and formed its first government in 1924. The United Kingdom Independence party was born in 1993 and now, a mere two decades later, is on the brink of … well, okay, not forming its first government, but it did do eerily well in May’s local elections. The Liberals were reduced to their all-time lowest share of the vote, the Tories to their lowest since 1982, and for the first time ever, none of the three “mainstream” parties cracked 30 percent: Labour had a good night with 29, the Conservatives came second at 25, and nipping at their heels was the United Kingdom Independence party with 23 percent.

They achieved this impressive result against not three opponents but also a fourth — a media that have almost universally derided the party as a sinkhole of nutters and cranks. UKIP’s leader, the boundlessly affable Nigel Farage, went to P. G. Wodehouse’s old high school, Dulwich College, and to a sneering metropolitan press, Farage’s party is a déclassé Wodehousean touring company mired in an elysian England that never was, populated only by golf-club duffers, halfwit toffs, rustic simpletons, and hail-fellow-well-met bores from the snug of the village pub. When I shared a platform with him in Toronto a few months back, Mr. Farage explained his party’s rise by citing not Wodehouse but another Dulwich old boy, the late British comic Bob Monkhouse: “They all laughed when I said I’d become a comedian. Well, they’re not laughing now.”

The British media spent 20 years laughing at UKIP. But they’re not laughing now — not when one in four electors takes them seriously enough to vote for them. So, having dismissed him as a joke, Fleet Street now warns that Farage uses his famous sense of humor as a sly cover for his dark totalitarian agenda — the same well-trod path to power used by other famous quipsters and gag-merchants such as Adolf Hitler, whose Nuremberg open-mike nights were legendary. “Nigel Farage is easy to laugh at … that means he’s dangerous,” declared the Independent. The Mirror warned of an “unfulfilled capacity for evil.” “Stop laughing,” ordered Jemma Wayne in the British edition of the Huffington Post. “Farage would lead us back to the dark ages.” The more the “mainstream” shriek about how mad, bad, and dangerous UKIP is, the more they sound like the ones who’ve come unhinged.

May 15, 2013

Pollsters wrong-footed (again) by BC election results

Filed under: Cancon, Media, Politics — Tags: , , , , — Nicholas @ 10:07

It wasn’t supposed to go down like this:

First things first: British Columbians last night witnessed the most incredible comeback in recent political history, and the biggest choke the province has ever seen.

In the days ahead, Christy Clark’s stunning, come-from-behind win will be endlessly compared to Alberta Premier Alison Redford’s surprise win over Wildrose in 2011. But this is so much harder to believe.

For starters, Alberta’s Progressive Conservatives were actually leading Wildrose in polls right up until the election. The B.C. Liberals have essentially been trailing the NDP since 2009 (briefly, after the 2011 leadership race that saw Clark take the Liberal helm, the party moved ahead of the NDP in polls before again plunging far behind).

And in Alberta, Wildrose leader Danielle Smith made serious campaign blunders. Many Albertans scurried back to the PCs, worried Smith wasn’t ready for prime time. But B.C. NDP leader Adrian Dix made no major mistakes. In fact, Dix’s campaign had so impressed the Globe and Mail that yesterday it published a premature ode to his campaign. Dix’s positive style would surely become a model for politicians across the country, it argued.

Just how historic was the Liberal win? Going back 20 years, there are no examples of a government in a parliamentary system trailing by such a wide margin for the 18 months leading up to an election, then coming from behind for the win.

And the Liberals didn’t just win; they increased their seat count, giving Clark a comfortable, 50-seat majority (the NDP won just 32 seats).

Those results almost perfectly reversed predictions of pollsters who, after yet another spectacularly bad call, will certainly face tough questions.

May 8, 2013

Mark Sanford is back in politics, despite his past mistakes

Filed under: Media, Politics, USA — Tags: , , , , — Nicholas @ 08:36

I really didn’t expect former South Carolina governor Mark Sanford to win his bid for a seat in congress, but he not only won, he won convincingly:

‘Excuse me, do you know what’s going on here that it’s so crowded?”

I’m walking through a Publix parking lot in Mount Pleasant, S.C., to the Liberty Tap Room, and it’s 7:55 p.m. on Tuesday, May 7 — Election Day in the state’s first congressional district. A middle-aged woman is leaning out of her Suburban, frowning in the direction of the bar, trying to ascertain the reason for the plethora of TV news trucks and camera equipment.

“It’s Mark Sanford’s victory party,” I tell her.

She gapes at me, confused.

“Did he win?”

Less than an hour later, the AP declares that the answer to that question is yes — and not just a yes, but a definite yes, by nine points, despite being outspent 4–1 and abandoned for all practical purposes by the national fundraising arm of his party. There will be lots of analysis in the days to come about what this election means, but one thing isn’t up for debate: Mark Sanford knows how to campaign, and his win here is due at least in part to his tireless canvassing and cheerful willingness to ask for the vote of anyone who would listen to him.

May 7, 2013

The growing insecurity of the UK’s political classes

Filed under: Britain, Media, Politics — Tags: , , — Nicholas @ 10:59

In sp!ked, Tim Black explains why the modest electoral success of the UK Independence Party in last week’s council elections looms so large in the fears and worries of the major parties and their supporters:

Since the results came in at the end of last week, however, perspective has been singularly lacking. In fact, given the hysterical response among the political and media class to UKIP’s success, you could be forgiven for thinking UKIP had actually come out on top, not third to the UK’s two struggling main parties. Rarely has an electoral success prompted such agonising. UKIP, remember, is a party with fewer actual MPs than either the Green Party or the latest George Galloway Party (they both have one each). Yet while editorials have wrung their papers’ hands, tied as they are by party-political allegiance, and commentators have tried to make sense of just what has gone wrong and rightwards, it’s the party-political establishment which seems most traumatised.

[. . .]

This disparity between the fairly impressive UKIP election results and the massively depressive reaction among the political class does not really tell us that much about UKIP’s electoral performance itself. It testifies, rather, to the political class’s current sense of fragility. UKIP really didn’t have to do much to prompt angst and anger in Westminster; the UK political class’s own insecurity rendered it all too eager to turn this mid-term electoral drama into a long-term crisis, and, with it, to turn UKIP and its leader Farage into a threatening political force.

The roots of this insecurity are not hard to fathom. Isolated and deracinated, today’s main political parties are terrified of one thing in particular: the people, and those whom they support. To the modern Tory and Labour parties, popularity, grounded as they see it in the ‘prejudices’ of the people, is to be feared, not embraced. Hence in the shape of UKIP, they don’t see democracy, but demagoguery. There’s little doubt that UKIP, and in particular its leader Nigel Farage, do resonate in a way that the established parties do not. Where the main parties seek mainly to dodge and attribute blame for problems, UKIP are willing to offer up solutions. Where Cameron or Miliband talk unconvincingly in PR-conscious platitudes, Farage is always keen to speak his mind. To the political establishment, UKIP embodies popular sentiment. And that is why, in Farage’s words, UKIP’s election results have sent a ‘shockwave’ through the political establishment.

May 3, 2013

A “bunch of fruitcakes, loonies and closet racists” finished second in UK by-election, gain seats in local elections

Filed under: Britain, Politics — Tags: , , , , — Nicholas @ 09:44

The initial reports from the UK’s local elections yesterday were certainly encouraging for the UK Independence Party:

Britain’s populist United Kingdom Independence Party made sweeping gains in local elections and finished second in a parliamentary by-election, according to results announced Friday, shaking mainstream political parties, consolidating its position as an emerging political force and claiming a “sea change” in national life.

Once scorned by Prime Minister David Cameron as “a bunch of fruitcakes, loonies and closet racists,” the party, which wants Britain to leave the European Union and strictly control immigration, gained about a quarter of the vote in a series of elections in different areas of the country on Thursday, according to an initial count. The outcome represented the party’s fourth electoral advance in six months.

“We have been abused by everybody, the entire establishment,” Nigel Farage, the Independence Party leader, told the BBC, “and now they are shocked and stunned that we are getting over 25 percent of the vote everywhere we stand across the country. This is a real sea change in British politics.”

A government minister, Kenneth Clarke, had also dismissed party members as “clowns,” prompting Mr. Farage, in a string of TV and radio interviews, to parry with, “Send in the clowns.”

April 30, 2013

Tory (and media) fear of UKIP can be gauged by the level of abuse directed at them

Filed under: Britain, Media, Politics — Tags: , , , , , — Nicholas @ 10:24

Patrick Hayes on the vitriol being sent UKIP’s way by the Conservatives and by the mainstream media:

Nutters. Nutcases. Loonies. Morons. Crackpots. Cuckoos. Oddballs. Fruitflies. Fruitloops. Fruitcakes. When it comes to slang used to suggest that members of the right-wing libertarian UK Independence Party (UKIP) are mentally ill, mainstream politicians and the media have lobbed the entire urban dictionary at them.

UKIP’s latest diagnosis came at the weekend from polo-necked Conservative minister Ken Clarke. In light of the upcoming local elections, Clarke dismissed UKIP as a ‘collection of clowns’, full of ‘waifs and strays’ not sufficiently ‘sensible’ to become local councillors. His comments echoed UK prime minister David Cameron’s oft-quoted remarks from 2006 when he dismissed UKIP as a bunch of ‘fruit cakes and loonies and closet racists’. Cameron has refused to retract these comments, adding earlier this year that he still thought UKIP was full of ‘pretty odd people’.

Almost since its launch in 1993, politicians have chosen to paint UKIP as the successor to the Monster Raving Loony Party, full of — as Michael Howard, Cameron’s predecessor as Tory leader, put it — ‘cranks, gadflies and extremists’. The message is clear: on no account should UKIP be taken seriously as a political force. It deserves only ridicule. After all, how could any party that calls for the abolition of the smoking ban, or for the UK to leave the EU, be considered to be of sound mind? If you support UKIP, you need your head examined.

April 29, 2013

Boris: Don’t panic about UKIP eating our lunches … there’ll be plenty of time for that later

Filed under: Britain, Media, Politics — Tags: , , , , — Nicholas @ 08:08

London mayor Boris Johnson tries to find the positive side of the rise of UKIP and the resulting uncertain election fortunes of his Conservative brethren:

We Tories look at [UKIP leader Nigel Farage] — with his pint and cigar and sense of humour — and we instinctively recognise someone who is fundamentally indistinguishable from us. He’s a blooming Conservative, for heaven’s sake; and yet he’s in our constituencies, wooing our audiences, nicking our votes, and threatening to put our councillors out of office. We feel the panic of a man confronted by his Doppelgänger. Omigaaaad, we say to ourselves: they’re stealing our schtick! And we are tempted to do a Nicolas Cage — to overreact, to freak out, to denounce them all as frauds or worse. I think there may have been a few ill-advised insults flying around in the past couple of days.

Well, I would humbly submit that there are better ways of tackling the Ukip problem, if indeed it is really a problem at all. The rise of Farage and Ukip tells us some interesting and important things about what the electorate wants — and it is by no means bad news for the Conservatives. It tells us that the voters are fed up with over-regulation of all kinds, and especially from Brussels. Well, who is going to offer a referendum on the EU? Only the Conservatives — and the trouble with voting Ukip is that it is likely to produce the exact opposite: another Labour government and another five years of spineless and unexamined servitude to the EU.

[. . .]

Rather than bashing Ukip, I reckon Tories should be comforted by their rise — because the real story is surely that these voters are not turning to the one party that is meant to be providing the official opposition. The rise of Ukip confirms a) that a Tory approach is broadly popular and b) that in the middle of a parliament, after long years of recession, and with growth more or less flat, the Labour Party is going precisely nowhere.

You’ve got to admire the quality of his whistling, don’t you?

April 11, 2013

Akaash Maharaj: Can the Liberal Party rediscover its ideals?

Filed under: Cancon, Liberty, Politics — Tags: , , , , — Nicholas @ 10:28

In the Globe and Mail, Akaash Maharaj wonders if the LPC’s long time in office — and the resulting accretion of power-seekers rather than idealists — can be atoned for in time to regain the hearts (and votes) of Canadians:

There is no denying that the Liberal Party’s long association with domination made it a magnet for individuals drawn to power rather than to public service, a tool of Liberals of convenience rather than Liberals of conviction. The question that will confront its next leader is not whether the Liberal Party can rebuild its fabled political machine into one capable of waging an effective campaign; it is whether it can rediscover its ideals and return as a party deserving of our country’s trust.

If it is to have any hope of doing so, it will need to find the courage to resist the lure of comforting self-deceptions and the seduction of recent polls.

The party’s decline at successive elections was not due to some lapse in judgment by a rueful electorate that yearns to repent at the next opportunity. It was not a want of resources that can be remedied by a new crop of bagmen or ward heelers. It was not an absence of messianic personalities whose charisma could substitute for grassroots renewal.

The Liberal Party instead received a calculated rebuke from Canadians against the divisions and hubris they saw gnawing at it. It was dismissed by an electorate who concluded that the Liberal Party was no longer willing or able to deliver liberal policies or governance.

He then goes on to enumerate what the Liberal Party should be — and it’s a pretty fair list — but not what most people would associate with the Liberal brand, unfortunately. Since Stephen Harper has co-opted the position the Liberals used to occupy (both in the political and philosophical senses), there’s definitely room in the Canadian political spectrum for a party that believes “liberty is the highest political good, and that as a result, the first duty of government is to seek the greatest liberty for the one that is compatible with liberty for all.”

A party that truly believed and worked towards that would be a Liberal Party worth supporting. Maharaj seems to want the Liberals to become more libertarian … and I think that would be a great improvement.

March 13, 2013

Garneau throws in the towel, leading to the inevitable coronation of Justin Trudeau

Filed under: Cancon, Media, Politics — Tags: , , — Nicholas @ 13:55

In Maclean’s, Paul Wells would like to welcome you all to the Justin Trudeau era, ready or not:

Marc Garneau dropped out of the Liberal leadership contest because he is not a fool. The poll numbers he released, if anywhere near accurate, would have led to futile humiliation. He would have lost badly and then been asked to rally to the new leader. He is an engineer, so he found a more elegant solution. He is rallying now to avoid losing later.

Garneau had spent several weeks trying to thread a needle he must have found annoying: remind everyone that his c.v. is superior to Trudeau’s, while not saying it so loudly that he would just get Liberals angry at him. He managed to get a fair number of Liberals angry anyway, without putting a dent in Trudeau. He must have wanted to shout it from the roofs. He earned his engineering doctorate before Trudeau turned two. He rose to high Navy rank the way one does, by putting in thousands of hours. He hurt himself in politics by doing what so many backseat drivers insist good citizens should do: put in a full life in a useful career, then move into politics when you’re ready to contribute. That almost never works. There is a reason lifers usually do better than late arrivers. Garneau first ran for Parliament in 2006, the year 13 Liberal years in power ended. His timing has not improved since.

Argentinian president derides Falkland Islanders as “squatters”

Filed under: Americas, Britain — Tags: , , — Nicholas @ 08:24

I figured the Argentine government would brush off the overwhelming result of the Falkland Islands referendum once it became clear that the result would not flatter Argentinian egos:

In her first public comment on the referendum, the outspoken president dismissed the vote as a “parody” and thanked Argentinians for their “monolithic opposition”.

She said the referendum, where residents voted in favour of remaining a British overseas territory, was “as if a group of squatters had voted on whether to continue to occupy a building”.

Speaking at an event at the Presidential Palace in Buenos Aires, she added: “We reaffirm our commitment to dialogue in accordance with the UN.

“To achieve a solution that also included the interests of those who live on our Malvinas islands.”

She quoted British Foreign Office minister Hugo Swire as saying that the referendum result didn’t change the situation “from a legal point of view”.

The vote wasn’t even close, with only three votes for the “No” option out of 1,517 total votes cast.

March 11, 2013

BC’s ruling Liberal party facing very long odds of re-election

Filed under: Cancon, Media, Politics — Tags: , , , , — Nicholas @ 08:40

British Columbia’s next provincial election is still a couple of months away, but the pundits are already making plans for what happens after the BC Liberal party is taken out to the knacker’s yard and the NDP takes power (based on recent polls and the amazing ability of the Liberals to generate bad press):

Assuming everyone and their brother hasn’t been lying to pollsters, the election is pretty much in the bag for the BC NDP. Not only is there strong “time for a change” momentum aiding the party, after three terms of the BC Liberals, but recent occasions where the Premier, Christy Clark, and her entourage only opened their mouths to change feet (e.g. “Ethnicgate”) have brought the prospects of a competitive election down sharply.

Clark’s road map for the election has never been good. As reported on Feb. 15 in your Beacon News, before the budget and Ethnicgate erupted, the absolute best case for the BC Liberals was 34 seats — a respectable loss. A roadmap today would see 25 or fewer seats if everything breaks their way.

There are 85 ridings in the province, so 43 seats held by a single party is a majority. In addition to the Liberals and the NDP, there’s also a Conservative party in BC, but it apparently acts as a role model for dysfunctional organizations:

Meanwhile, John Cummins’ BC Conservatives seem equally determined to destroy their party. The party, at the moment, is going into an election without any of its key officers: between purges run by the leader’s coterie and resignations in disgust, the party’s officers are missing in action. Riding associations are walking, as leader Cummins overrides their nominating selections to impose his own choice of candidates.

So, in the best traditions of sauve qui peut, there’s a fair bit of talk about a new party to replace the discredited Liberals and the self-destructing Conservatives:

That’s why individuals affiliated with both the BC Conservatives and the BC Liberals are starting to organize for a new party. The project is nicknamed “Free Enterprise Party 3.0″.

[. . .]

Growing a new party, goes the thinking, puts everyone on an even footing. Those key Liberals who retired rather than run again under Christy Clark’s banner might be enticed to shift over and play a role in building a new party. Riding associations would be built, with no one grandfathered in. The new party, in turn, would dump all the baggage of the past years in one fell swoop.

There’s evidently some interest from the moneyed who normally support the “anything-but-the-NDP” option in the province. They’ll top up the Liberal coffers for the election — but are looking to shift their focus after it if the BC Liberals are crushed.

Of course, while the PR fiascos are real, the polls are only a way marker. Everyone who confidently predicted the outcome of the last Alberta election is now a lot more wary of the opinion polls. Nobody wants to provide the 2013 equivalent of the famous “Dewey Defeats Truman” headline.

March 10, 2013

British Tories float the notion of leaving the European Convention on Human Rights

Filed under: Britain, Europe, Government, Law — Tags: , , , , — Nicholas @ 09:45

It’s not a declared aim — yet — but when a senior government minister even mentions this as an option, you have to assume it’s being discussed:

The Conservatives would consider leaving the European Convention on Human Rights if they won the 2015 election, the home secretary has said.

Theresa May told an event organised by the ConservativeHome site the party would also scrap the Human Rights Act.

She said it restricted the UK’s ability “to act in the national interest”.

A private poll by ex-party treasurer Lord Ashcroft, meanwhile, suggested the party would lose 93 marginal seats to Labour if the election was held now.

The BBC understands Mrs May was putting forward ideas for the next Conservative manifesto, and such a move was not current government policy.

[. . .]

Mrs May told the gathering she was sceptical whether the convention limited human rights abuses in other countries and suggested it restricted Britain’s ability to act in its own interests.

“When Strasbourg constantly moves the goalposts and prevents the deportation of dangerous men like Abu Qatada, we have to ask ourselves, to what end are we signatories to the convention?” she said.

“Are we really limiting human rights abuses in other countries? I’m sceptical.”

She said that “by 2015, we’ll need a plan for dealing with the European Court of Human Rights”.

“And yes, I want to be clear that all options — including leaving the convention altogether — should be on the table.”

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