Economics newsletter

Kate Andrews guides you through the week’s biggest stories across news, business, money, property, stocks and shares, and, of course, the economy.

The trouble with Labour’s new towns plan

Since last October, when Keir Starmer declared that he was a ‘Yimby’ – a ‘yes in my back yard’ – Labour has tried to position itself as the pro-housing party. We are now finally getting a glimpse of what this might look like in practice.   Deputy leader Angela Rayner has promised a revitalisation of the

Ross Clark

Hunt’s tax attack on Labour is sure to backfire

It should come as no surprise that Jeremy Hunt has signalled in a speech this morning that  he will try to make taxation a central theme of the coming election campaign. The tactic has certainly worked in the past. In 1992, fears that Neil Kinnock and his shadow chancellor John Smith would jack up taxes

Michael Simmons

Brits won’t stop getting pay rises

Are interest rates still heading ‘downwards’ as the Bank of England Governor Andrew Bailey said last week? Homeowners across the country will be hoping so as average two-year mortgages are again approaching 6 per cent. But the latest figures on the UK job market may dampen hopes of a cut coming soon. Britons have continued

Why the Bank of England must cut interest rates

As the Bank of England’s Monetary Policy Committee (MPC) announces its interest rate decision today it has the chance to reverse the damage caused by its interest rate hikes. Rates have been fixed at 5.25 per cent since last August and the Bank has stubbornly refused to cut them. We’re all paying the price. Those

Kate Andrews

Can Labour or the Tories fix the economy?

It’s all but certain that the UK’s exit from recession will be confirmed at the end of this week. Preliminary Q1 data, released on Friday, is expected to how slow and steady growth in the first three months of the year. It is also very likely that inflation will return to the government target of

Will John Swinney end the SNP’s war on business?

Accepting the leadership of the SNP on Monday, John Swinney said his political priority as Scotland’s seventh First Minister would be the eradication of child poverty. If he is sincere in his desire to achieve this ambition, then Scotland’s economic growth – just 0.2 per cent last year – needs be a great deal better.

Why Britain is building the world’s most expensive nuclear plant

For over 20 years, Britain effectively gave up on building new nuclear power stations. But that’s changed now Hinkley Point C in Somerset is under construction. When completed it will provide around 7 per cent of the UK’s electricity. Hinkley Point C is set to be the most expensive nuclear power station ever built. In fact, it