Labour party

The Spectator’s economics editor Michael Simmons is joined by the outgoing boss of the Institute for Fiscal Studies Paul Johnson and the CEO of the Resolution Foundation Ruth Curtice to understand why Britain’s economy is in such a bad place. Given it feels like we are often in a doom loop of discussion about tax rises, does this point to a structural problem with the British economy? And why are the public’s expectations so out of line with the state’s capabilities? Michael, Paul and Ruth talk about whether it’s fair for Labour to claim they’ve been ending austerity, the extent to which the effects of the covid-19 pandemic are still

There were clear winners and losers in Rachel Reeves’s spending review yesterday but some of her announcements around capital spending and investment saw her dubbed the ‘Klarna Chancellor’ by LBC’s Nick Ferrari for her ‘buy now, pay later’ approach. Clearly trying to shake off the accusations of being ‘austerity-lite’, Labour point to longer term decisions made yesterday, such as over energy policy and infrastructure. But will voters see much benefit in the short-term? And, with the news today that Britain’s GDP shrank by 0.3% in April, will the decisions Rachel Reeves have to make only get harder before the October budget? Lucy Dunn speaks to Michael Simmons and Claire Ainsley,

There were few surprises in Rachel Reeves’s spending review today. Health was the big winner, with a £29bn increase in day-to-day spending and £39bn was announced to build social and affordable housing. The main eyebrow-raiser was the announcement that the Home Office will end the use of hotels for asylum seekers within this parliament; this could save £1bn or it could become Labour’s ‘stop the boats’ moment. The bigger picture was confusing – with increases measured against levels three years ago, is there really as much cash as Rachel Reeves wants you to think there is? And what’s the strategy behind it all? The Spectator’s new political editor Tim Shipman

Rachel Reeves has pledged a ‘new era of nuclear power’ as the government confirms a £14.2 billion investment in the Sizewell C nuclear plant in Suffolk. This comes on the eve of Labour’s spending review, with the government expected to highlight spending pledges designed to give a positive impression of Labour’s handling of the economy. However, as Michael Simmons tells James Heale and Lucy Dunn, there are signs that the government’s National Insurance hike is starting to bite. Plus – Nigel Farage has made two announcements in as many days. This morning, he unveiled Reform’s new chairman, former MEP Dr David Bull, taking over from the recently returned Zia Yusuf.

James Nation, formerly a special adviser to Rishi Sunak and now an MD at Forefront Advisers, joins the Spectator’s deputy political editor James Heale and economics editor Michael Simmons, to talk through the latest on the government’s spending review, which is due to be announced on Wednesday. The last holdout appears to be Home Secretary Yvette Cooper, pushing for more police funding. But, against a tough fiscal landscape, what can we expect? And how much does it matter with the wider public? Plus – former chairman Zia Yusuf returned to Reform just two days after resigning, what’s going on? Produced by Patrick Gibbons.

Shadow Chancellor Mel Stride delivered a speech today where he attempted to banish the ghost of Liz Truss and improve the Conservatives’ reputation over fiscal credibility. And he compared leader Kemi Badenoch to Thatcher, saying she too struggled at first and will ‘get better’ at the dispatch box. LBC broadcaster Iain Dale and the Spectator’s economics editor Michael Simmons join deputy political editor James Heale to unpack Stride’s speech, talk about Labour’s latest policy announcement over free school meals and discuss why both the main parties are struggling with fiscal credibility. Plus, Iain talks about his new book Margaret Thatcher and the myths he seeks to dispel. Why does he

Labour’s spending review is expected on the 11th of June, when we will find out which government departments face cuts and which costs have been ringfenced. This can set the tone for politics for months to come as it gives a clue to which priorities matter most – especially in times of fiscal restraint – and which ministers are up, and which are down. But how is a spending review conducted? How does His Majesty’s Treasury balance the negotiations with those competing for its attention? And, following the leaked Angela Rayner memo, do we know which economic arguments are winning out? James Nation, formerly an official at HMT and then in

James Heale and Michael Simmons join Patrick Gibbons to discuss the speculation that Labour could scrap the two-child benefit cap. Is this just red meat for the left of the party or is it a sign that public opinion around welfare has shifted? And, with mixed messages on the economy, can the country afford to scrap it? This comes just a week after Labour’s partial U-turn over the winter fuel allowance so, with pressure also increasing from Reform, is the welfare state about to expand? Produced by Patrick Gibbons.