Kate Andrews

Kate Andrews

Kate Andrews is economics editor of The Spectator

Labour’s Budget will crush growth

Rachel Reeves didn’t want to surprise anyone with this Budget. She didn’t want to shock the markets, nor did she want any accusation that she had played fast and loose with the public finances. So by the time the Chancellor stood up in the Commons today, the bulk of her big decisions were already public

Yet another NHS Budget boost – but where’s the reform?

We won’t have to speculate about the details of the Labour’s first Budget much longer. But one tradition as old as time has been confirmed by the Treasury: the National Health Service is getting more cash. ‘Our NHS is the lifeblood of Britain,’ the Chancellor Rachel Reeves has said ahead of unveiling her full Budget

Will the OBR’s £22bn ‘black hole’ review vindicate the Tories?

Are the details of the alleged £22 billion fiscal black hole about to be revealed? In addition to providing assessments and forecasts for the UK economy alongside the Chancellor’s Budget on Wednesday, the Office for Budget Responsibility is also set to publish its ‘review’ into Rachel Reeves’ claim that the Tories covered up a multi-billion

Kate Andrews

Budget week: Labour braced for backlash

13 min listen

It’s Budget week (finally)! How this week goes will set the tone for Labour’s first year in office. It’s fair to say that expectations are relatively low – with the Prime Minister himself warning of ‘painful decisions’ ahead. We know a lot of what will likely be included and Treasury sources are keen to play

Not even ‘working people’ will be protected from tax hikes

Does Labour regret its decision to redefine the meaning of a ‘working person’? The original understanding of the term seemed to be working just fine, until ministers decided to make it the metric for who would and would not be subject to tax rises. Now the party finds itself in the strangest of situations: having

Labour’s ‘working people’ muddle

11 min listen

Who exactly are ‘working people’? The Labour party’s use of this phrase during the election raised questions over who they will really be levying taxes upon. With less than a week to go until the Budget, Labour in government is now again struggling to give a clear definition of what they mean. James Heale talks

Reeves’s Budget needs to win over the market

Rachel Reeves confirmed on her trip to Washington DC that she will be changing the government’s self-imposed fiscal rules, allowing the Chancellor to borrow up to £50 billion more for infrastructure investment in Britain. The change – which will take into account the government’s assets – will further loosen what are already quite loose rules

Kate Andrews

Cambridge in crisis, Trump’s wicked humour & the beauty of AI ceramics

53 min listen

This week: Decline and Fall – how our greatest universities are betraying students.Our greatest universities are betraying students, writes David Butterfield, who has just resigned from teaching Classics at Cambridge after 21 years. What went wrong? First, class lists of exam results became private, under alleged grounds of ‘data protection’, which snuffed out much of

Kate Andrews

Trump makes America laugh again

‘Tradition holds that I’m supposed to tell a few self-deprecating jokes this evening,’ said Donald Trump in his speech at the Al Smith Dinner in New York on Friday night. ‘So here it goes.’ He paused. ‘Nope. I’ve got nothing… There’s nothing to say. I guess I just don’t see the point at taking shots

Battle of Ideas – Who will win the 2024 American election?

80 min listen

Two weeks to go until the American election and politics is ever more divisive. Freddy Gray is joined by The Spectator’s Kate Andrews and lecturer at Queen Mary’s University Dr Richard Johnson about the latino vote, class politics, abortion and both guests make predictions for the 2024 election. Join Freddy Gray a special live recording of Americano

Labour budget: are we heading for austerity?

23 min listen

Labour’s first Budget in 14 years will be delivered at the end of the month. The Prime Minister and Chancellor have already been warning that the public isn’t going to like what’s in it. But how will the Budget affect people? Will Labour break its manifesto commitment not to tax working people? And is it really true

Here come the stealth taxes!

When Rachel Reeves’s ambition was to find £22 billion, it was already clear that she would need to find more revenue than what was expected to come from the relatively small take hikes the party announced it would pull pre-election. When that number was upgraded to £40 billion, there was no denying that a big

Did Labour make its own Budget trap?

15 min listen

A scoop from Bloomberg has revealed that a number of Cabinet ministers have written formally to the Prime Minister to complain about the budgetary decisions they are being asked to make in their respective departments. Rachel Reeves seems to have an impossible task ahead of the Budget – but was this a trap of Labour’s

Will falling inflation save Rachel Reeves’s Budget?

Inflation slowed to 1.7 per cent in the twelve months to September, taking the inflation rate to its lowest levels since spring 2021. While markets and forecasters had expected the inflation rate to drop below the Bank of England’s 2 per cent target at some point this year (market consensus for September was 1.9 per

Could Ozempic actually boost Britain’s labour market?

Is Ozempic the miracle fix for Britain’s labour market woes? This morning Health Secretary Wes Streeting has announced a £280 million investment into the UK from US pharmaceutical giant Lilly, which will include the first ‘real-world trial’ to give weight-loss jabs to people out of work. The news coincides with the publication of the latest

Will Labour keep its promise not to hike National Insurance?

Despite getting off to a rocky start – including nearly losing £1 billion worth of investment – Labour’s much-anticipated Investment Summit seems to be delivering exactly what ministers had hoped for. The good news, including a combined investment of £6.3 billion from four US technology firms to expand data-centre infrastructure in Britain – is rolling

Kate Andrews

Is Labour’s investment summit back on track?

13 min listen

This morning is the government’s big investment summit. They pledged to have the summit within their first 100 days in an attempt to hit the ground running and show the UK as a sensible place to do business. The timing – two weeks before the budget – is interesting, and so is the U-turn from

The ‘Green Budget’ could leave Rachel Reeves red-faced

16 min listen

The Institute for Fiscal Studies has published its yearly Green Budget, weeks ahead of Chancellor Rachel Reeves’s first fiscal event. It’s grim reading, for both the government and the public. For Labour to make good on its promise to avoid ‘austerity’, taxes are going to need to go up significantly: by £25 billion, the IFS’s reports,

Kate Andrews

The ‘Green Budget’ could leave Rachel Reeves red-faced

The Institute for Fiscal Studies has published its yearly Green Budget, weeks ahead of Chancellor Rachel Reeves’s first fiscal event. It’s grim reading, for both the government and the public. For Labour to make good on its promise to avoid ‘austerity’, taxes are going to need to go up significantly: by £25 billion, the IFS reports,