How bad is the mortgage time bomb?
11 min listen
Katy Balls speaks to Kate Andrews and Fraser Nelson about the developments in the mortgage markets and how Tory MPs are expected to vote on Partygate.
Kate Andrews
Kate Andrews is deputy editor of The Spectator’s World edition.
Monday
Thursday
Boris Johnson took us for fools. Now we have proof
No one wants to talk about the pandemic anymore. Not even partygate. Understandably so: we’ve all put hard work into suppressing and burying miserable memories over that two-year period. Why dredge it all back up? But as one of the people in this country who still deeply cares about partygate – the hypocrisy of it,
Wednesday
Nadine’s revenge
13 min listen
Having said she’ll step down, Nadine Dorries has now said that she won’t formally resign as an MP until later this year… It’s hard to see this as anything other than revenge taken on Rishi Sunak, so as to prolong the by-election pain, Katy Balls says. Cindy Yu also talks to Kate Andrews about the
GDP grows by 0.2% as the economy continues to stagnate
The economy grew by 0.2 per cent in April, following on from a confirmed 0.3 per cent contraction in March. This fits the trend this year of small ebbs and flows in GDP, which all together add up to extremely little overall growth this year. This is now what the big forecasters have predicted, from the Office
Tuesday
Andrew Bailey’s evidence session was the opposite of reassuring
‘There are obviously lessons to be learned,’ said Bank of England Governor Andrew Bailey at today’s House of Lords Economic Affairs Committee. It was a point he repeated many times over, in reference to the inflation crisis that has plagued Britain for close to two years now. ‘We have to learn lessons from the experiences we’ve
Saturday
Is this the end of Boris Johnson?
19 min listen
Kate Andrews, Katy Balls and Fraser Nelson react to the news that Boris Johnson has decided to stand down as an MP. Will the former Prime Minister go quietly? Produced by Natasha Feroze.
Friday
Will the tax burden finally start falling?
Is the government ready to start cutting taxes? After taking the burden to a post-war high, it seems ministers are preparing to change direction – in one area, anyway. This morning Jeremy Hunt announced that the energy levy on oil and gas companies, known as the ‘windfall tax’, will come to an end in 2028
Wednesday
Should Rishi be worried about Covid inquiry messages?
13 min listen
It was prime ministers questions today and while Rishi Sunak is away in the US Oliver Dowden stood in. The Covid inquiry was a hot topic of debate. Rishi Sunak says he is not worried about being embarrassed by messages seen by the inquiry, but is he right to be so calm? Also on the
Britain faces plenty of economic pain – even if it dodges a recession
The UK will narrowly avoid a formal recession this year. That’s the consensus that is emerging based on the current data. This morning’s Economic Outlook from the OECD – which forecasts 0.3 per cent growth in 2023 – reflects similar projections from the IMF’s latest update and the Office for Budget Responsibility, which have revised
Thursday
Red Rishi
39 min listen
On this week’s episode: Price caps are back in the news as the government is reportedly considering implementing one on basic food items. What happened to the Rishi Sunak who admired Margaret Thatcher and Nigel Lawson? In her cover article this week, our economics editor Kate Andrews argues that the prime minister and his party
Wednesday
Do the Tories really hate ‘the Blob’?
8 min listen
Boris Johnson’s team today suggested that they would be happy to hand over his WhatsApp messages from during the pandemic to help the Covid enquiry. Why has the civil service got itself in such a muddle over this, and why have the Tories failed to reform Whitehall? Max Jeffery speaks to James Heale and Kate
Red Rishi: the Prime Minister’s political makeover
What kind of conservative is Rishi Sunak? This time last year, there was a clear answer: he was a fiscal hawk who was worried about how much the government had to borrow to fund the Covid crisis. As chancellor, he was always fighting with the prime minister over high spending. When Sunak tried to raise
Friday
Hunt’s honesty on a recession to tackle inflation is refreshing
The government has been claiming since the start of the year that it’s on a mission to ‘halve inflation’ – despite having virtually no control in this area. Still, this week Rishi Sunak ramped up the narrative when the latest set of data showed the headline rate falling from 10.1 per cent on the year in March
Why are borrowing costs surging?
13 min listen
James Heale speaks to Fraser Nelson and Kate Andrews about the news that borrowing costs are back to being the highest since last Autumn. What could this mean for the Chancellor Jeremy Hunt?
Thursday
Net migration hits record high – but is significantly lower than expected
It’s three years since the UK formally left the European Union and cut off free movement, and net migration has reached a record high: 606,000 in 2022. This total (measured by the number of new arrivals, minus people emigrating from the UK) is 118,000 higher than last year. This is certainly an increase from 2021,
Wednesday
Sunak should stop pretending that he controls inflation
The government is delighted with today’s inflation update. Rishi Sunak released a clip this afternoon, talking about his government’s efforts to ‘halve inflation’ by the end of the year. ‘I know it’s still tough’ he says, but ‘the plan is working, and we are delivering.’ The problem is that it is not in his gift
Are the Tories addicted to psychodrama?
12 min listen
Isabel Hardman speaks to Katy Balls and Kate Andrews about the ongoing case of Suella Braverman’s speeding saga. And now Boris Johnson has returned to the spotlight over reports he broke more lockdown rules. Does the energy around these stories say something about the culture of Westminster? Also on the podcast, Kate Andrews takes a
Inflation falls to 8.7% – but pressures remain
Since the start of the year, politicians and central bankers have been promising a collapse in the inflation rate. But monthly data kept rolling in, and the rate remained in double digits. This put even more pressure on the data this morning, published by the Office for National Statistics, with the Bank of England (BoE)
Tuesday
Are things beginning to look up for the UK economy?
We learned this morning just how much the government is struggling to keep its promise to bring down the national debt. But news from the International Monetary Fund (IMF) will be lifting spirits in No. 10. Perhaps it can make good on another pledge: to grow the economy. The IMF has once again revised its figures for
Jeremy Hunt is yet to get a grip on government borrowing
All eyes are on tomorrow’s inflation rate figures, which need to start falling fast for Rishi Sunak to make good on his pledge to ‘halve inflation’ by the end of the year. But this morning we got an update on the one pledge from No.10 that was never likely to be made good on: the