Kate Andrews is deputy editor of The Spectator’s World edition.
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Today the Office for Budget Responsibility has released a new analysis of the impact of coronavirus on the British economy. Kate Andrews writes about exactly what it says here, and joins the podcast with Katy Balls and Cindy Yu to discuss its implications.
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This six-part series is the latest addition to Spectator Radio. Each week, our panellists from around the world select a story that gives you an inside look at what’s happening outside their windows, presented by Kate Andrews. In this episode, Reason magazine’s Nick Gillespie asks how much Trump knew about coronavirus before deciding to act; Silvia Sciorilli
Just days after the Office for Budget Responsibility announced its economic forecasts in March, the reality of Covid-19’s impact on the UK economy sunk in, and its projection was rendered completely obsolete. A month later, with a clearer picture of the toll the virus and lockdown have taken, the OBR today released its new coronavirus analysis,
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In today’s press conference, Patrick Vallance said that the daily death toll is likely to be even higher this week, before it starts to go down. With the government facing increasing criticism and pressure over PPE and testing, will this be the toughest week yet?
Perhaps today, more so than any day before it, we understand the trade-offs of this lockdown. An Easter Sunday that would normally be spent with loved ones will be spent by many people alone. Churches are a no-go zone. Friends who live down the street feel miles away. Family traditions and big meals are, at
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Throughout recent weeks, Germany has been held up as an example of how to tackle coronavirus. So what exactly makes its response quite so effective?
At Wednesday’s coronavirus briefing, Chancellor Rishi Sunak turned his attention (and the Treasury’s coffers) to the charity sector, which will receive £750 million to support vital services for the community. The money will be divided between small, local charities working with vulnerable people and charities that provide ‘essential services,’ with Sunak citing St John Ambulance and
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The Chancellor ended today’s press briefing with the words: ‘Our economic plan and the plan for charities we announced today are built on one simple idea: that we depend on each other.’ On the podcast, James explains why he thinks coronavirus is the dawn of a new kind of Conservatism.
Assumptions made about the UK’s Covid-19 support packages are starting to unravel. When the Chancellor announced unprecedented spending to tackle the virus, he aimed to keep people in their jobs and mitigate an inevitable economic crash. But unemployment is soaring and the economy is contracting at a rapid pace, with growth figures set to plummet further than
We have seen crashes before, recessions and depressions, but nothing like this. Our fear of coronavirus has hindered and halted every aspect of daily life. We look out of our windows and barely recognise the country we’re in: police film dog-walkers and pour black dye into lagoons to deter swimmers. We wait in queues for
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On the podcast this week, we take a look at the exceptional nature of ‘coronomics’ and what comes after (00:55), how the Swedish are dealing with coronavirus differently (18:50), and lessons in solitude from a polar explorer (31:15).
In Britain and America, the employment news is grim. Nearly a million Brits – 850,000 more than usual – have applied for Universal Credit in the last fortnight. While in the United States, unemployment has reached an historic high. As of the end of last week, 6.6 million people claimed for out-of-work benefits. This is the highest increase in adjusted seasonal claims
The Chancellor’s emergency package for the self-employed is one of the most generous schemes to be offered worldwide so far, covering up to 95 per cent of the UK’s self-employed workforce. The details of the scheme, explained here, include a taxable grant worth up to 80 per cent of one’s profits over the past three years, capped at £2,500pm
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No one has modelled an economic lockdown before: no one knows what to expect. But the daily data is shocking, and points to a huge economic effect. In Britain, nearly 500,000 people applied for welfare (Universal Credit) over the last nine days. In America, the number of people applying for unemployment benefits surged to an
What does the coronavirus crisis mean for unemployment in the UK and Europe? A study out today from Capital Economics offers a possible answer and if it’s bad news for Britain, its worse for those in the eurozone. Here in Britain, the huge economic consequences spurred on by the virus – which will see growth
In his third Covid bailout in just over a week, Chancellor Riski Sunak has shifted his focus from businesses to employees with an unprecedented three-month commitment to cover the bulk of pay for workers facing redundancy. He’ll cover up to 80 per cent of all salaried workers’ wages (up to £2,500 per month, around the UK’s medium income). This is
13 min listen
Britain is midway through a deep recession: of that there is no doubt. But what next? Oxford Economics has today been one of the first to offer an answer, predicting a V-shaped economic recovery (sharp economic downturn and sharp economic revival) and near-complete economic repair. It is, of course, a guess: all forecasts are. But
The new Bank of England governor Andrew Bailey has warned that the UK is facing an ‘economy emergency’ and the worst is yet to come. Speaking to Sky News, Bailey said the UK economy needs to brace itself for a ‘very big downturn’. ‘Everything’s on the table that is reasonable,’ he said, referring to the policy
