Quote of the day

Hillary Clinton on the super-rich.

You know I’m out of American politics but, it is a fact that around the world the elites of every country are making money. There are rich people everywhere. And yet they do not contribute to the growth of their own countries, they don’t invest in public schools, in public hospitals, in other kinds of development internally.

Who could Hillary Clinton possibly have in mind?

Secretary of State Hillary Clinton speaks to participants of the Clinton Global Initiative meeting in New York. Photograph: Getty Images.
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Cabinet audit: what does the appointment of Liam Fox as International Trade Secretary mean for policy?

The political and policy-based implications of the new Secretary of State for International Trade.

Only Nixon, it is said, could have gone to China. Only a politician with the impeccable Commie-bashing credentials of the 37th President had the political capital necessary to strike a deal with the People’s Republic of China.

Theresa May’s great hope is that only Liam Fox, the newly-installed Secretary of State for International Trade, has the Euro-bashing credentials to break the news to the Brexiteers that a deal between a post-Leave United Kingdom and China might be somewhat harder to negotiate than Vote Leave suggested.

The biggest item on the agenda: striking a deal that allows Britain to stay in the single market. Elsewhere, Fox should use his political capital with the Conservative right to wait longer to sign deals than a Remainer would have to, to avoid the United Kingdom being caught in a series of bad deals. 

Stephen Bush is special correspondent at the New Statesman. He usually writes about politics.