James Heale is The Spectator’s deputy political editor.
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
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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
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Conspiracy or cock-up? Westminster is abuzz after what appears to be a plan to decapitate Wes Streeting has spectacularly backfired. A flurry of late-night briefings designed to shore up Keir Starmer’s position turned personal against the Health Secretary, suggesting he was plotting a coup in advance of the Budget and in anticipation of – what
A flurry of late-night media briefings have triggered a full blown crisis for Keir Starmer. Allies of the Prime Minister sought to fire a pre-emptive strike in the Times and to the BBC, suggesting that he would fight any challenge to his leadership after the Budget. The Guardian subsequently reported that Wes Streeting, the Health
Rachel Reeves will not officially confirm any tax changes until 26 November, but two policy shifts in her second Budget now look inevitable. The first is that the basic rate of income tax is set to rise, breaking Labour’s central manifesto pledge. The second is that the Chancellor will lift the two-child benefit cap, following
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With two weeks until her Budget, Rachel Reeves has received more bad news: unemployment is now at its highest level since the pandemic. With the Chancellor hinting at income tax rises, could this be dangerous for Labour as it increasingly becomes the party of higher earners? Polling suggests the public would lay the blame for
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It seems that the BBC is once again setting the news agenda – via tales of its own incompetence. The Corporation has spent days battling accusations that it aired a doctored clip of a speech by President Trump in a Panorama documentary back in January 2021. The White House Press Secretary has called the Beeb
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On this week’s Spectator Out Loud: James Heale considers the climate conundrum at the heart of British politics; Rebecca Reid explains why she’s given up polyamory; Damien Thompson recounts the classical music education from his school days; Margaret Mitchell asks what’s happened to Britain’s apples; and Julie Bindel marvels at the history of pizza. Produced and presented by James
A year ago, the Chancellor called her £38 billion tax rise a ‘one-and-done’ move. Now she looks set to rinse and repeat, with reports that a 2p increase in income tax is on the table. According to The Times, she has informed the Office for Budget Responsibility that a rise in personal taxation is one
Rachel Reeves billed her £38 billion in tax increases last year – the biggest tax-rising Budget since Black Wednesday – as a ‘one and done’ approach. As she prepares to deliver her second Budget in three weeks’ time, the Chancellor is set for a ‘rinse and repeat’ strategy, as she tries to wring similar sums from
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With three weeks until the Budget, the main political parties have been setting out their economic thinking. Each faces the same bind: anaemic growth, fiscal constraints and uncomfortable exposure to the bond markets. The upshot is that there is less ‘clear blue water’ on the economy between Labour, the Conservatives and Reform. This has left
With three weeks until the Budget, the main political parties have been setting out their economic thinking. Each faces the same bind: anaemic growth, fiscal constraints and uncomfortable exposure to the bond markets. The upshot is that there is less ‘clear blue water’ on the economy between Labour, the Conservatives and Reform. Even Sir Mel
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In a crowded field, today’s could have been the most bizarre PMQs ever. From David Lammy pronouncing ‘I am the Justice Secretary’ as if it were an affirmation to be chanted in the bathroom mirror, to the wild hair on display on both benches, it surely takes the mantle of parliament at its most ridiculous
Since returning to politics in May 2024, Nigel Farage has had one central goal: replacing the Conservatives as one of the two great parties of British politics. Having led in the polls since April, Reform UK has focused in recent weeks on the intellectual battle, by attracting bright thinkers on the centre-right. Danny Kruger MP
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It is three weeks until the Budget – and Rachel Reeves wants to get her narrative out there. The Chancellor held an early morning press conference today to, in her words, ‘set out the circumstances and the principles’ guiding her thinking on 26 November. Her speech followed a familiar pattern. First, there was the evisceration
After Nigel Farage’s address on Reform’s tax plans yesterday and Rachel Reeves’s effort to lay the groundwork for the Budget this morning, Kemi Badenoch completed the trifecta of economic speeches this lunchtime. Appearing at the Royal Academy of Engineering, the Conservative leader sought to wrestle back the limelight for her party, as pre-Budget speculation ramps
It is three weeks until the Budget – and Rachel Reeves wants to get her narrative out there. The Chancellor held an early morning press conference today to, in her words, ‘set out the circumstances and the principles’ guiding her thinking on 26 November. One line in particular stood out: ‘If we are to build
15 min listen
With Reform leading in the polls, Nigel Farage is determined to ensure that nothing can impede its growth. This morning he sought to bolster his credibility on an area that the Tories think could be his Achilles heel: the economy. Reform’s £90 billion programme of tax cuts promised at the last election has been constantly
With Reform leading in the polls, Nigel Farage is determined to ensure that nothing can impede its growth. This morning he sought to bolster his credibility on an area that the Tories think could be his Achilles heel: the economy. Reform’s £90 billion programme of tax cuts promised at the last election has been constantly
He helped ‘break’ the Bank of England – but now Scott Bessent is helping to shape its future. As a young hedge-fund manager, he served in George Soros’s firm when it made $1 billion on Black Wednesday. But as Donald Trump’s Treasury Secretary, he has overseen an explosion in cryptocurrencies this year which has left
