Kate Andrews is deputy editor of The Spectator’s World edition.
14 min listen
Though inflation has recently gone down a little in the States, it is still at a 40-year high. Inflation is an issue affecting most of the world due to several external factors, but many critics of Biden say that his policies are worsening this crisis rather than fixing it. Is that the case? Freddy Gray
Fears that Britain could soon be in recession are growing, as the economy appears to have even less power behind it than previously thought. Today’s update from the Office for National Statistics shows Britain’s economy grew by 0.8 per cent in the first quarter of the year (consensus was 1 per cent) – and actually fell
Has inflation peaked in the United States? Today’s update from the Bureau of Labor Statistics shows the annual rate of inflation has fallen slightly, from 8.5 per cent in March down to 8.3 per cent in April. There are signs of slowdown in the monthly figures, too: prices rose 0.3 per cent between March and
10 min listen
The Monetary Policy Committee has just raised interest rates again. This is the fourth consecutive rise, the first time this has happened within a quarter of a century. Economically the future is looking pretty bleak and not just in the UK, this looks like it may be a global problem caused by several factors. China’s
40 min listen
In this week’s episode: Is Boris Johnson planning to tear up Britain’s deal with the EU? James Forsyth says in his Spectator cover story this week that Boris Johnson plans to reignite the Brexit voter base by taking on the EU again over Northern Ireland. He joins the podcast along with Denis Staunton, the London
The US Federal Reserve yesterday announced its biggest interest rate rise in 22 years. Today, the Bank of England follows suit, raising rates at the fastest pace for a quarter of a century. But the biggest question remains: how successful will these hikes be at tackling inflation? The Bank’s Monetary Policy Committee has voted six
The Federal Reserve is playing catch-up. Today’s interest rate hike is only the second rate rise since 2018 – but it’s the first half-point rise in 22 years. As expected, the federal-funds rate – the interest rate banks use to lend to each other on a short-term basis – will rise from a target range
Is there anything more extraordinary than dining in New York City? Whether you’re sitting down for the Michelin star experience of a lifetime at Le Bernardin or squeezing in at the counter of Vanessa’s Dumpling House on the Lower East Side ($1 a pop), the New York restaurant combines atmosphere with quality food in a
20 min listen
On this week’s episode, we’ll hear from James Bartholomew on how taking in a Ukrainian refugee has improved his social clout. (00:50) After, Freddy Gray on the Republican fight against Disney. (06:27) And, to finish, Kate Andrews on overcoming her arachnophobia. (13:46) Entries for this year’s Innovator Awards, sponsored by Investec, are now open. To
19 min listen
Labour has admitted that deputy leader Angela Rayner, was also at an event where Keir Starmer was pictured drinking a beer. Could the pair be fined? Cindy Yu speaks to James Forsyth and Kate Andrews
Rishi Sunak has had a few quiet weeks after an explosive one, in which the Chancellor had to deal with an avalanche of questions concerning his wife’s tax status and a partygate fine. But Sunak was back this week talking policy. And his most recent contribution is unexpected to say the least. In an interview
I’ve been an arachnophobe my whole life. I can’t remember a time when videos of spiders, or even photos or drawings, didn’t give me palpitations. As a kid Charlotte’s Web read as sinister propaganda. Even as an adult, just hearing the word ‘tarantula’ would make me feel like one was crawling on me (kind friends
This morning’s retail sales update isn’t pretty. Sales volumes fell by 1.4 per cent last month, following a 0.5 per cent drop in February (revised, and worse, than the original estimate of 0.3 per cent). The biggest fall came in non-store retail shopping: almost an 8 per cent month-on-month fall. However, the Office for National
How is the UK’s economic bounce back from the pandemic years going? Next week the Office for National Statistics will provide us with a host of new monthly data, including an economic growth and labour market update for the month of February and the headline inflation rate for March. The inflation rate is the real
15 min listen
The National Insurance hike comes into effect today which is going to hit doubly hard when coupled with the ever-increasing cost of living. While we are all going to feel this burden on our bank accounts, Rishi Sunak is taking his first major political blow. Is there anything he can do to bounce back, or
Most people don’t need reminding about the cost-of-living crunch: food, petrol, bills and transport all provide a daily reminder that prices are going up. But today’s energy price cap rise – lifting by almost £700 – provides a headline example of the increasing costs of essential goods.. Alongside it, the National Insurance hike (a 2.5
Since the spring statement last week, Rishi Sunak has been dealing with complaints from all sides: the right have been arguing he should have been bolder with tax cuts, the left insists more support is needed to help people with the rising costs. With the Office for Budget Responsibility projecting the biggest fall in living
17 min listen
While on the surface there might seem like a lot to like in Rishi Sunak’s spring statement. Yes, the NI tax increase is still there, but the tax threshold to pay it is being raised. And there is even a promise of an income tax cut coming in 2024. But does the spectre of inflation
Today’s spring statement may not have been a proper Budget – but it could prove to be one of the most significant moments in Rishi Sunak’s time as Chancellor. At a time when families are facing the double-edged sword of soaring bills and wages falling behind inflation, Sunak was under pressure to offer reassurance. But
Here’s the Rishi Sunak paradox: he proudly defines himself as a low-tax Tory but under his watch taxes are reaching a 71-year high. There are plenty of Tories who want to ditch next month’s National Insurance increase but Sunak is firmly opposed – mainly because he wants to link up in people’s minds that more
