All the latest analysis of the day's news and stories
Back in February the New Statesman reported that Keir Starmer’s inner-circle had concluded that Rishi Sunak was no longer to be feared as a potential successor to Boris Johnson because he was ‘crap at politics’. At the time this appeared to be a pronouncement that fell under the ‘doth protest too much’ rule, coined by
If I had to give one piece of advice to Britons under 30 it would be this: go. Leave. Skedaddle. Get one of those work visas for New Zealand or Canada and start a new life. Fret not over the details. Those can be worked out once you’re there. Don’t make excuses, don’t defer, don’t delay. Trust me, you’ll
One of the most striking parts of Jeremy Hunt’s performance in the Commons chamber yesterday was how quiet MPs on the backbenches behind him were. There was little in the way of cheering as the Chancellor used his Autumn Statement to set out a series of tax rises and spending cuts. The front pages today
Amid all the economic gloom at the moment, the unemployment figure is one bright spot. It is just 3.6 per cent, down from 3.8 per cent this year, and close to a historic low. But, as I say in the Times this morning, even this glimmer of hope is tarnished. The low unemployment number disguises how
Last night was shaping up to be a night of the long sgian dubhs for the SNP’s Westminster leader Ian Blackford. SNP backbenchers have grown unhappy with Blackford’s leadership after several scandals during his tenure. Yesterday a challenge briefly emerged from Aberdeen South MP Stephen Flynn, though Blackford has managed to survive the attempted coup.
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The front pages are almost universally bad today, but the government is more concerned with the reaction from the markets, which, so far, have not turned against yesterday’s budget. Could this high tax low spend fiscal statement yet pass scrutiny, given the torrid economic climate at large? Cindy Yu talks to James Forsyth and Katy
Oh dear. It seems that the Scarlet Pimpernel of politics is at it again. Chris Bryant likes to portray himself as the sleazebuster-in-chief, fearlessly standing up for standards in public life. But in his haste to hold his fellow politicos to account, it seems that Bryant has blundered in his eagerness for retweets. Steerpike’s colleague
The teenagers are once again in charge of UK fiscal policy. The teenagers are not the Chancellor and his team, but those who set the tone of the fiscal debate in the media and the financial markets. The reasons the Conservatives are now embracing austerity is the fear that higher interest rates will kill house
‘Only the higher-than-expected numbers of migrants coming to the UK under the post-Brexit migration regime adds materially to prospects for potential output growth over the coming five years relative to the assumptions that we made in March.’ That’s from the Office for Budget Responsibility’s (OBR) assessment accompanying the Autumn Statement. It’s a pretty striking line:
Newnham College, Cambridge, was once a bastion of feminist activism. No longer. This summer my curiosity was drawn to two women whispering to one another in the college cafe. They were, as it happened, a senior fellow and doctoral student; leaning over their table, they spoke furtively for fear that someone might overhear their conversation
The Chancellor Jeremy Hunt has woken up to a harsh set of front pages this morning following his Autumn Statement, with the Mail accusing the Tories of ‘soaking the strivers’ and the Telegraph lead headline quoting an economist who says the Chancellor has combined ‘the rhetoric of George Osborne and the policies of Gordon Brown’.
Are protestors in Iran going to be sentenced to death? That grim question will be on the mind of many Iranians today, after protestors reportedly threw petrol bombs last night at the former home of Ruhollah Khomeini, the founder of the Islamic Republic. Insults to supreme leaders past and present carry the death sentence in
Delivering his Autumn Statement on Thursday, Jeremy Hunt specified two ‘great national’ qualities: genius and ‘British compassion’. The Chancellor’s announcements made it clear what he was doing: raiding the incomes of the decently well off to fund benefits rises and protect pensions. Talk of our shared compassion then seems a bit off. Politicians should exploit
Jeremy Hunt’s Autumn Statement had a curious omission: childcare. The pleas of desperate parents who gathered on Whitehall last month during ‘The March of the Mummies’ appear to have fallen on deaf ears. Demonstrators gathered outside Downing Street banging drums and shouting: ‘Dear Rishi Sunak, we want our choices back.’ So why didn’t the Chancellor listen? Britain’s
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The Conservative party is still digesting Rishi Sunak and Jeremy Hunt’s Autumn Statement, a far cry from the last fiscal statement from this party. Have the Prime Minister and the Chancellor managed to deliver a budget that hits the political sweet point of cornering Labour without splitting their own party? Isabel Hardman talks to James
Jeremy Hunt – known to broadcasters by a slightly different surname) – delivered his Autumn Statement today. He did so on behalf of ‘the British,’ he said. All the way through his speech, it was British this, British that. He vowed to ‘respond to an international crisis with British values,’ whatever that means. He talked
One of the few jokes in Jeremy Hunt’s Autumn Statement was when the Chancellor started talking about himself. As is the custom in fiscal events, he praised a colleague who had come up with an idea that he was now adopting, though it was immediately obvious that this member was Hunt: On staff shortages, the
Last night, Labour politicians wondered how to respond to the challenges the Chancellor was sending their way. Do you accept the Conservatives’ real-term spending cuts and tax rises? How would you revive the economy? The best answer came from a shadow minister who told me ‘We should just say “imagine how good this country could
Boris Johnson hasn’t always enjoyed the best relationship with Rupert Murdoch’s titles, having once been sacked as a Times trainee for fabricating quotes. But relations between the former Tory leader and the Sun king himself have been cordial for much of the past decade. And evidence for that is found in the newly updated register
Jeremy Hunt has just announced the most austere fiscal statement since 2010. The Chancellor’s plan to plug the £55 billion black hole in public finances will be achieved with £25 billion in tax hikes and £30 billion worth of spending cuts by 2027-8, taking the tax burden to a post-war high. The economic forecast from
We might get a new nuclear power station one day, unless the protestors or the Supreme Court find a way to block it. We will plough on with High Speed Rail 2 regardless of its mounting cost. And there will be some re-heated waffle about supporting technology and innovation, complete with misty-eyed homilies to Alexander
After the disaster that befell Kwasi Kwarteng’s mini-Budget, his successor Jeremy Hunt was never likely to want to pull many rabbits out of hats in his Autumn Statement. In fact, seldom has a pitch been rolled so extensively before a Chancellor’s statement as it was before today’s, both via a string of briefings emanating from
There were some very chunky tax rises in the Autumn Statement, most of them using the device of ‘fiscal drag’, whereby tax thresholds are not raised with inflation. But there is one tax where Jeremy Hunt could have gone further. Fans of electric cars may be displeased to learn that they will have to pay
Rachel Reeves is getting better and better as Shadow Chancellor. Mind you, her response to Jeremy Hunt’s Autumn Statement was the second one she’s had to produce in two months, given it was only in September that she was reacting to Kwasi Kwarteng’s mini-Budget. There was plenty to criticise and plenty of political attacks to
The government expects its Autumn Statement to be judged on three tests. First of all, how do the markets react? The decisions announced today by the Chancellor Jeremy Hunt mean that the government will be issuing £31 billion less in gilts – in other words, in borrowing – than expected after the mini-Budget. The initial
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Freddy Gray speaks to Jacob Heilbrunn about the President’s position following November’s election results.
It’s crunch day for Rishi Sunak. This morning his Chancellor Jeremy Hunt will stand at the despatch box and unveil a mix of spending cuts and tax rises worth in the region of £55 billion in a bid to fill the fiscal black hole in the public finances. Hunt is expected to tell MPs his
Later this morning Jeremy Hunt will deliver his first Autumn Statement as Chancellor. With the focus firmly on the dire state of the economy, pressure is on Hunt to deliver on his promise to reduce inflation (which yesterday hit 11.1 per cent) and restore stability. As Kate Andrews writes in this week’s magazine, the Chancellor’s
The China hawks were out in force last night. Over at the Walkers of Whitehall tavern, it was the turn of Alicia Kearns to charm the Onward think tank. To a packed audience, the Rutland and Melton MP was hailed as ‘the youngest select committee chair, the first female Foreign Affairs committee chair and the
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Freddy Gray speaks to the editor of Modern Age Daniel McCarthy about the former president’s chances for a comeback.
There’s been none of the wolf warriorism we’ve become used to from Chinese diplomats as President Xi met world leaders this week. While meeting presidents Biden, Macron and Australia’s PM, Xi was all smiles; the discussion focused on climate change and food security, as well as how to prevent tensions from spilling over into war. The one exception to Xi’s
Justin Trudeau might be the self-anointed king of elite liberal opinion but it appears his methods find little favour with Beijing. Cringeworthy footage has now been released of President Xi Jinping dressing down the Canadian premier on the side-lines of the G20 conference. The two leaders were caught on camera having an, er, lively discussion