Treasury

This week: Rachel Reeves reels as Labour’s Budget unravels – and a far-left Life of Brian sequel plays out in Liverpool. After a bruising seven days for the Chancellor, Michael and Maddie ask whether Reeves’s position is now beyond repair. Did Keir Starmer’s bizarre nursery press conference steady the ship – or simply confirm that the government is panicking? And is the resignation of the OBR chair a shield for Reeves – or a damning contrast with her refusal to budge? Then: the inaugural conference of Your Party delivers pure comic gold. As Zarah Sultana’s collective-leadership utopians clash with Corbynite diehards and Islamist independents, Michael explains why the far left’s

Lots has happened over the weekend – Your Party (as they are now actually called) have proven to be the gift that keeps on giving, there been another defection to Reform and Rachel Reeves stands accused of lying about the extent of the fiscal blackhole in her pre-Budget briefings. Some within Labour see it as a victory of sorts for Rachel Reeves that, so far, the post-Budget debate has focused mostly on the run-up to her statement rather than the measures it contained. However Keir Starmer has been mobilised this morning to give an ‘everything is fine’ speech in support of the Chancellor, with whom his fate is intertwined. Could

To submit your urgent questions to Michael and Maddie, go to: spectator.co.uk/quiteright This week on Quite right! Q&A: Is the Treasury still fit for purpose – or has ‘Treasury brain’ taken over Whitehall? Michael and Maddie dig into the culture and power of Britain’s most influential department, from the Oxbridge-heavy ‘Treasury boys’ to a ‘visionless’ Chancellor. Then: after Michael’s suggestion that Piers Morgan should be the next director-general of the BBC – why, in his view, could cnly a disruptive outsider could shake the organisation out of its complacency. Plus: the rise of ‘Mar-a-Lago face’ in US conservative politics, and whether Britain has its own aesthetic quirks – from Ozempic-thinned

With less than a fortnight to go until the Budget, it seems Rachel Reeves has performed an almighty U-turn. At the beginning of the week, the established consensus in Westminster was that the base rate of income tax would rise, breaking Labour’s flagship manifesto pledge. The Chancellor had already rolled the pitch, holding a press conference at which she warned ‘each of us must do our bit’. But the Financial Times – Reeves’ newspaper of choice – reports today that she has ‘ripped up’ her plans. Why the sudden change of heart? Oscar Edmondson speaks to James Heale and Tim Shipman. Produced by Oscar Edmondson.

It’s been another bruising week for the British economy. New GDP figures reveal that growth has almost flatlined, inching up by just 0.1 per cent between July and August – a sign, many fear, that the UK is drifting into deeper malaise. With the budget less than a fortnight away, can the Chancellor square the circle of sluggish growth, tax pressures and a restless Labour party? James Heale speaks to Tim Shipman and Paul Johnson about the mounting economic uncertainties, the Treasury’s lack of a clear tax strategy, and the political doom loop the government now finds itself in. Are Labour’s early missteps catching up with them – and will

Last night, Rachel Reeves was the headline act at the Mansion House dinner. In her speech, she made the case that ‘Britain is open for business’ and that we must ‘stay competitive in the global economy’. Critics would say it is hard to claim to be open for business while having also overseen a £25 billion national insurance tax raid that is now known to be costing thousands of jobs. She began by stressing that, despite what recent reporting might suggest, she is ‘okay’ – the economic indicators, however, suggest that the economy is far from okay. Just this morning, the Office for National Statistics (ONS) reported that inflation hit

Join Katy Balls, Michael Gove, Lord Glasman, Lord Frost and pollster James Kanagasooriam as they unpack the highly anticipated Spring Statement and its implications for national policy and global security. Listen for: Michael’s plan for how to deal with the Donald, and why the Treasury is not fit for purpose; Maurice on his influence in the White House, and what’s wrong with the current political class; David’s reflections on why Brexit was ahead of its time; and James’s explanation for Britain’s lost sense of community.

Foreign affairs are inescapable this week, with the readout from the meeting yesterday between Russian and American diplomats in Saudi Arabia. We understand that Trump told Putin that Ukraine will be part of the next round of peace talks. However, Trump’s shock-and-awe foreign policy continues to deliver significantly more shock than awe, especially after he seemingly blamed Ukraine for starting the war. What is he thinking? Could there be more to Trump’s foreign policy than he is letting on?  Back in the UK, pressure is mounting on Rachel Reeves as more inaccuracies in her CV come to light, and inflation rises to 3 per cent. There have been murmurs that