Kate Andrews is deputy editor of The Spectator’s World edition.
Can the Tory party now credibly claim it is cutting taxes? That was the big mystery going into Jeremy Hunt’s pre-election Budget this afternoon, as so many of the policy measures had already been trailed. As expected, the Chancellor announced another 2p off employee National Insurance, following on from the 2p cut he announced in
We’ll know tomorrow afternoon what exactly Jeremy Hunt has included in his Budget, but reports this evening suggest we’re looking at another 2p cut to employee National Insurance: a move that is estimated to put £450 back in the pocket of the average worker, which Hunt will try to sell as a £900 tax cut,
13 min listen
Kate Andrews speaks to James Heale and Isabel Hardman as the speculation grows over what taxes Jeremy Hunt will cut in tomorrow’s budget. National Insurance is looking most likely – it’s a giveaway but does it go far enough?
14 min listen
Budget day is approaching and the government has hinted that their plans for tax cutting ‘giveaways’ are now less likely. James Heale speaks to Katy Balls and Kate Andrews about what to and what not to expect for Wednesday’s Spring Budget.
February was a tough month for Jeremy Hunt, as he tried to roll back the tax cut promises that were made by himself and Rishi Sunak in January. The money simply did not materalise, despite the government borrowing less than expected in recent months. The rough £15 billion that independent forecasts now think the Chancellor has for
When Rishi Sunak made ‘stopping the boats’ one of his five priorities after entering No. 10, he ensured that immigration (legal and illegal) would become one of the big issues heading into an election. It seemed, for a while, that the government thought the emphasis on migration would work in its favour. It hasn’t exactly
15 min listen
Liz Truss continues to haunt Rishi Sunak. Labour leader Keir Starmer took aim at her recent exploits at CPAC in the US during prime minister’s questions today. Starmer called on the prime minister to remove the whip after Truss claimed that her premiership was sabotaged by the ‘deep state’. What’s Truss up to this time?
28 min listen
In this special episode of Americano, The Spectator’s editor Fraser Nelson explores Trump’s candidacy with political commentator Deroy Murdock, and The Spectator’s economics editor Kate Andrews. They debate the influence of his rhetoric on American politics. How important is language? Will his achievements as President be enough to secure his re-election? Does personality Trump policy?
Does Jeremy Hunt have the cash to spend on tax cuts in his spring Budget next week? That’s the billion pound question that the Institute for Fiscal Studies (IFS) focused on during its pre-Budget briefing this morning, hosted by Director Paul Johnson and Deputy Director Carl Emmerson. As Ross Clark notes on Coffee House, the latest
The good news started with the revelation that last month had produced a surplus of £16.7 billion for the Treasury – double the surplus of the same month last year and a record-breaking amount (in nominal terms) since records began. This has boosted hopes that the Chancellor will be able to offer up more tax
50 min listen
Welcome to a slightly new format for the Edition podcast! Each week we will be talking about the magazine – as per usual – but trying to give a little more insight into the process behind putting The Spectator bed each week. On the podcast this week: the cost of Britain’s mass worklessness. According to The Spectator’s calculations,
What sent the economy into recession at the end of last year? The government blames higher interest rates, ushered in by the Bank of England. The Bank in turn points the finger at shocks such as Russia’s war against Ukraine. Both are plausible answers – and certainly part of the equation. But the Office for
Jeremy Hunt needed some good news this morning, when the monthly public sector finance update was released by the Office for National Statistics (ONS). Having promised meaningful tax cuts last month – and then rowed back expectations this month – the Chancellor was hoping for a notable surplus and reduction in borrowing to give himself a bit
The Tories have had a tax problem for quite some time. But news of a recession at the end of last year has made matters much worse. It has been an uncomfortable position, for Rishi Sunak and Jeremy Hunt, to defend the Conservative party taking the tax burden to a post-war high. The political defence
11 min listen
This morning’s figures show that the UK went into a technical recession last year. Forecasts suggest it will be a short and shallow recession, but how badly does this reflect on the government’s priorities to increase growth and lower inflation? Also, will this make Rishi Sunak think again about his plan to meet as many
At the start of last year Rishi Sunak made the promise to ‘get the economy growing’ one of his five major pledges. Today he is confronted with headlines that the UK fell into recession at the end of last year, as the Office for National Statistics reported this morning that the economy contracted by 0.3 per cent
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Inflation figures released this morning have remained at 4 per cent – a worry for Rishi Sunak’s five pledges. There are several hurdles are still to come for the Prime Minister this week, including growth figures tomorrow and two by-elections on Friday. Why are the Tories keeping things low-key on the campaign trail? James Heale
The government had been facing two economic challenges this week, ahead of the by-elections in Kingswood and Wellingborough: the publication of the latest inflation figures and the economic growth figures for the last quarter of 2023. It has just about survived the first challenge. This morning’s update from the Office for National Statistics shows the inflation rate
Has the Labour market cooled down enough for the Bank of England to change its mind on interest rates? Almost certainly not, based on the latest data from the Office for National Statistics, out this morning. The reintroduction of the Labour Force Survey data, which had to be suspended temporarily due to poor and limited feedback, has
15 min listen
Later today Keir Starmer is expected to officially kill off Labour’s £28 billion green investment pledge. With the centrepiece of their public policy now scrapped, what will Labour’s promise be at the next election? James Heale speaks to Kate Andrews and John McTernan, former No. 10 political secretary. Produced by Cindy Yu and Oscar Edmondson.
