Review
Christmas culture
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5 min read

Five Christmas films to revel in

Haunting, salving, teary, side-splitting and glorious - our recommended festive films.
Muppet characters dressed as Dickensian characters stand in a snowy street.
'Dickens made the fatal error of not putting Muppets into his story.'

‘Tis the season to be jolly and watching a good film with a cup of tea and a biscuit, while the freezing wind and rain whip at the window, can be one of the jolliest things you can do this year. The genre of ‘Christmas’ has only grown and grown over the decades, so if you’re stumped by the myriad of choices – often dreadful schlock that feature the word ‘Prince’ and ‘Christmas’ in the title superimposed over a picture of two ludicrously attractive people staring lovingly into each other’s eyes in a blizzard – take comfort in my Top 5 Christmas films. 

Note – this is my top 5. My personal top 5. These are not the ‘best’ Christmas films. You will not find It’s a Wonderful Life on here. It is glorious and lovely, but I saw it too late in life, and just don’t emotionally resonate with it as much as other Christmas films. I will not apologise. You will not see Die Hard. It is indeed and iconic action film, with a superb Alan Rickman performance, and it is indeed set at a Christmas party…but that isn’t enough to make it a ‘Christmas film’. I WILL NOT APOLOGISE! 

5. The Nightmare Before Christmas 

An animated scene shows a grandmother readng a story to children on her lap in front of a fire.

I would have put this film higher up the list if not for the fact that it straddles two seasons – All Hollows and Christmas. This film is iconic, however. The stop-motion animation gives the whole affair an extra haunting air. The music is superb – I still find myself humming What’s This every few weeks. The story is unhinged (what else do you expect from Tim Burton?) but to just the right degree, and behind the ghoulish setting and mad-cap story there is a good old-fashioned moral-of-the-story for children and adults alike to enjoy. Nightmare is a marvellous reminder of what it means to have the Christmas spirit, and the great thing about it is that it’s a film you can enjoy any time from October 31st! 

4. Bad Santa

A dishevelled looking Santa, without a beard, stares to the side.

Billy Bob Thornton is mesmerising as an ‘eating, drinking, sh***ing, f***ing Santa Claus’. This is not one for the kids! Thornton’s Willie T. Soke is a professional thief who, with his dwarf assistant, get jobs as a grotto Santa and Elf in shopping malls during the festive season so as to case the place and rob it…but this time is different. Soake’s degeneracy has become a serious liability, and his instability and vulgar sexual exploits catch the attention of John Ritter’s mall manager and Bernie Mac’s security chief. Soake is spiralling out of control, but perhaps a romantic relationship with Lauren Graham’s barmaid and a chance encounter with a vulnerable young boy (to whom Soake becomes the least appropriate father-figure) might just be his salvation, and teach him the spirit of Christmas. The script is jet-black funny, and all the performances are spot on – although this is entirely Thornton’s film to shine in. Lewd, rude, and crude, but with a heart of gold (deep down under all the effing and jeffing), this film is the perfect antidote for those who find the jollity of the festive season a little twee. 

3. The Holiday

A couple, wrapped up in winter clothes, flirt with each other.

This film has Jude Law in it. This ought to be enough to commend it to you, but I’ll go further. This film has Jude Law playing a jumper-wearing widowed single-dad, who can turn the humble napkin into a delightful children’s entertainment, and who gives smouldering glances across a crowded pub. Before you all rush out to watch it, let me finish the blurb. Cameron Diaz and Kate Winslett are two women, unlucky in love, who decide to swap homes for the Christmas holiday. Winslett is escaping a toxic infatuation and finds solace in a friendship with a nonagenarian scriptwriter from the Golden Age of Hollywood, and a possible romance with Jack Black (giving a genuinely restrained and enjoyable performance). Workaholic Diaz is desperate to learn how to switch-off, relax, and maybe give love a chance. She finds solace in…Jude Law’s many lovely jumpers and smouldering glances. This is not a film to be described but experienced. Its camp and frothy and silly, but its also just really lovely and gets the tears going every time. If my recommendation isn’t enough, listen to my wife – watch this film over Christmas!  

2. The Muppet Christmas Carol

Kermit, a frog talks to rats dressed as Victorian children.

It’s a well-known fact that you can’t improve upon the indominable prose of Charles Dickens…WRONG! Dickens made the fatal error of not putting Muppets into his story. Rizzo and Gonzo take on the role of narrators of the story, Kermit does a sparkling turn as Bob Cratchit, and Michael Cain stars as the best on screen iteration of Scrooge (go on, fight me on this!). It’s the well-worn story brought to life by glorious songs – every year I start to sing “Tis the season to be jolly and joyous” to myself – a side-splitting script, and a clear and tender reverence for the original story and its central message. I defy anyone, child or adult, to sit through to the end this wonderful film and not want to keep Christmas in their heart every day. If you don’t like this film then I can only guess that you’ll be visited by ‘Marley and Marley, WOOOOOOOOOOA’! 

1. Love Actually

A women rubs her eye, close to tears.

Richard Curtis is my favourite director. Every film of his, however flawed (and there a several flaws in Love Actually), is so warm-hearted and good-natured that I can’t help but love them. Love Actually is Curtis firing on all cylinder: a painfully funny script, an ensemble cast of Britain’s finest talent, and a score that plays your emotions like a fiddle. A series of interconnecting love stories – love found, love lost, unrequited love, misdirected love – playing out in the run-up to Christmas, this film will not fail to put a tear in your eye and smile on your face. At times it’s a little too ‘laddy’ – I’m looking at you American sexcapade storyline – and the fact that all these people live in gorgeous houses in Wandsworth in spite of doing no discernible work is infuriating, but the fact that it is number one on this list in spirt of this is mark of just how strong a film it is. The cast list alone puts it at the top: Hugh Grant, Colin Firth, Alan Rickman, Liam Neeson, Chiwetel Ejiofor, Bill Nighy, Rowan Atkinson popping in for a bit…EMMA THOMPSON! The raw power of Emma Thompson quietly weeping as she listens to Joni Mitchell and contemplates the implosion of her marriage is stunning to behold. At its heart, it is a simple Richard Curtis film; it wants the viewer to relax in the beautiful spectacle of love, and to know that they are loved. I love Love Actually, and Love Actually loves me. 

EMMA THOMPSON! 

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The rights and wrongs of making money with meme coins

When does investing become speculating, or even addictive gambling?
A montage shows Trump with a raised fist against other images of him and the phrase 'fight fight fight'.
$Trump coin marketing image.
gettrumpmemes.com,

Donald Trump’s “liberation day” tariffs may have driven sharp swings in global financial markets, but his actions in markets a few months earlier were in some ways even more peculiar.

On the Friday before his inauguration as the 47th US President in January, the Republican surprised many with the launch of the $TRUMP memecoin, described by its website as “the only official Trump meme”. The cryptocurrency token, in which Trump’s family business owned a stake, initially soared in value to more than $14bn over that following weekend. 

Then, on the Sunday, Trump’s wife Melania launched her own memecoin, $MELANIA, which reached a value of $8.5bn. Even the pastor who spoke at the president’s inauguration subsequently launched his own memecoin. 

For those wondering what exactly a memecoin is, you are not alone. In short, they are a form of cryptocurrency - an asset class that itself has attracted plenty of questions about its substance and purpose - representing online viral moments. They have no fundamental value or business model and, according to the US securities regulator, “typically have limited or no use or functionality”. 

Donald and Melania Trump’s coins subsequently plunged in price, but still have a value of around $2.5bn and $214mn respectively, according to website CoinMarketCap. 

There are plenty of others in existence. PEPE, based on a comic frog, has a value of around $3.6bn; BONK, a cartoon dog, has a market cap of $1.5bn; and PNUT, a reference to a squirrel euthanised by authorities in New York and about which Trump was allegedly “fired up” (although doubt has since been cast on the president’s involvement in the matter), is still valued at around $174mn, despite having fallen sharply in price.  

Dogecoin, seen as the world’s first memecoin and originally created as a joke, boasts a market value of around $25bn. (There are other memecoins which may not be suitable for these pages). 

Some people’s willingness to buy an “asset” with no use or fundamental value may seem strange to more traditional investors. But it can be viewed as just one manifestation of the speculative investor behaviour evident since the onset of the coronavirus pandemic and, indeed, at times throughout history. 

The price of Bitcoin recently rose above $100,000, despite many investors still viewing it as having little or no value (in 2023 the UK’s Treasury select committee described cryptocurrencies as having “no intrinsic value, huge price volatility and no discernible social good”). In early 2021, shares in GameStop - a loss-making US video games retailer that some hedge funds were betting against - rocketed as much as 2,400 per cent, as retail investors piled in, many with the aim of inflicting pain on the hedge fund short sellers (in that respect at least, a highly successful strategy that became the subject of the film Dumb Money). The huge rise in AI and other tech stocks in recent years - until the recent tariff-driven volatility - has also been described as a bubble by some commentators. 

Whether or not such episodes can be compared to infamous bouts of speculative mania in history depends on your point of view (and often can only be judged with the benefit of hindsight) - be it the 17th century Dutch tulip bulb mania, shares in the South Sea Company in the 18th century or the dotcom boom and bust of the late 1990s and early 2000s. 

But it does give rise to the question of when investment should start to be described as speculation or even as gambling? And what are the rights and wrongs of any of those activities? 

There can be negative effects, for instance if the actions of speculators force businesses in the real economy to change their plans or divert time and resources... 

Gambling can be thought of as risking a stake on, for instance, the result of a game of chance or sport in the hope of a bigger payout. While often the result is purely down to chance, in some cases a strategy or an element of research (for instance of a horse or football team’s form) can be used. Investment, in contrast, tends to involve purported economic utility and assets believed to have some sort of underlying value, and holds the hope of future profit (although there are also plenty of bad investments or those that have gone to zero). While an investor must be prepared to lose their entire stake, in some cases such an event is relatively unlikely (for instance, if they buy a fund tracking the performance of a major stock exchange). Speculation is harder to define, but is generally seen as shorter term than investment, with more chance of a bigger gain or loss, and dependent on price fluctuations. Rightly or wrongly, the term has a more negative connotation than investment. 

One writer who explored the ethics of these activities was Oswald von Nell-Breuning, a Jesuit theologian and economist who served as an adviser to the Pope and who was banned from publishing under the Nazis. 

While he found that “one general definition cannot capture all the nuances” of speculation, he identified two different types of speculative activity - one that was purely trying to make a profit from financial market trading, and one based on trying to create a viable business. (See this article in the Catholic Social Science Review for a fuller explanation of Nell-Breuning’s views on speculation). 

As the CSSR article shows, Nell-Breuning found that there can be positive effects from speculation - one might think of better liquidity and price discovery in a market, while, in commodity futures markets, speculators allow producers to hedge risk. 

But he also argued that there can be negative effects, for instance if the actions of speculators force businesses in the real economy to change their plans or divert time and resources away from production. 

And whereas gambling typically takes place within a circle of players who have chosen to take part, speculation, he wrote, can affect a greater portion of society - for instance, if it affects the price of shares or bonds they hold. 

The Bible - on which Nell-Breuning’s faith and analysis was based - does not take a prescriptive approach to such activities. But it does provide some interesting guidance.  

An entrepreneurial approach to business and investment is applauded, for instance when the writer of the book of Proverbs (traditionally believed to be King Solomon) praises the virtues of “an excellent wife”. These include investing in a field and using her earnings from business to plant a vineyard, and feeding her family from her gains. 

Jesus tells a story of a master who, before going on a journey, gives his property to his servants, each according to their ability. To one he gives five “talents” (a large unit of money), to a second two and to a third servant he gives one. 

The first servant trades with his talents and makes five more talents - a 100 per cent profit - and is applauded by the master on his return. The second servant also trades and similarly makes two more talents and is again applauded. 

But the third servant, being afraid and believing the master to be “a hard man”, hides the money in a hole in the ground. He is condemned as “wicked and slothful”, and told that he should at least have put the money in the bank. 

While Jesus’s story may primarily be about how we view God’s nature, how we use our God-given abilities and whether or not we can take risks in faith for Him, it is also hard not to see investment and indeed wise speculation as being virtuous activities here. Putting the money into a bank account is, in this story anyway, more of a fallback option. 

But the Bible also warns us against putting money above all else in our lives. The love of money is, famously, a root of all sorts of evil, while we are also told to be content with what we have, and that “wealth gained hastily will dwindle”. 

Nell-Breuning similarly warns that a “get-rich-quick” mindset, when this is placed above all else, can be harmful, and advises caution in situations where the lure of big profits can lead the speculator into market manipulation or fraud. 

After all, both gambling and crypto trading have the potential to become dangerous and damaging addictions needing treatment. 

Ultimately, Nell-Breuning struggled to come to a simple conclusion on the question of whether speculation, in and of itself, is morally wrong. It is, he wrote, a judgment call for those involved. 

When making such decisions ourselves, his - and the Bible’s - warnings may be worth bearing in mind. 

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