Kate Andrews is deputy editor of The Spectator’s World edition.
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
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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
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
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
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
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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
Happy Friday: the economy is growing. After two consecutive months of no growth, GDP picked up in August, rising by 0.2 per cent. Production and construction output finally turned around, growing 0.5 per cent and 0.4 per cent respectively, after contracting in July by 0.7 per cent and 0.4 per cent. Services output grew by
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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,
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,
At Prime Minister’s Questions this afternoon, Rishi Sunak took a technical turn. Why is Rachel Reeves considering changing the fiscal rules, he asked the Prime Minister, when just last year she said doing so would be ‘tantamount to fiddling the figures.’ No clear answer followed. The wisdom during the general election was that borrowing more
During the general election campaign, Labour played a cautious game on tax: the party was careful not to share its bigger plans for getting more revenue into the Treasury until after the election was over. A few major tax hikes were ruled out – income tax, National Insurance and VAT – but it was quickly
Alex Cooper’s Call Her Daddy podcast interview with Vice President Kamala Harris was largely a love-in. But when you have been actively avoiding the media for the majority of your presidential campaign, even the most innocuous of questions can accidentally bite. ‘You don’t do too many long-form interviews,’ Cooper put to Vice President Harris at the start
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Loyal listeners will know that as well as our concise daily political analysis, Coffee House Shots often delves deeper into the issues of the day. We don’t shy away from fierce debates on controversial issues. The most legendary of these debates have been between our former editor Fraser Nelson and economics editor Kate Andrews. As
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The mood at Conservative conference has been surprisingly jubilant considering the turmoil that the party finds itself in. Labour’s misfortunes may have contributed to this, but there seems to be a genuine optimism around the four candidates vying for the leadership of the party. What’s the latest? Have Kemi Badenoch’s comments on maternity pay impacted
Jeremy Hunt is one of the few Tories at Conservative Party Conference willing to take the fight to Labour. In the second day, he sat down for an on-stage interview where the former Chancellor spoke about the winter fuel allowance, freebies, but also made some polite suggestions about where the Conservative party shouldn’t go, and
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The final four leadership candidates have arrived at Conservative Party Conference to make their final pitches. However, day one and Kemi Badenoch has found herself in an online row over comments made about maternity pay. Katy Balls, Kate Andrews and Fraser Nelson take a look at what was really said, and whether there is a
Did Kemi Badenoch just say that maternity pay in the UK is ‘excessive’? That’s the claim kicking off the first day of the Tory party conference: an affair that is supposed to act as a ‘beauty pageant’ for the four remaining leadership contenders. It’s not great timing for Badenoch – and it’s certainly not how
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The political equivalent of the Rumble in the Jungle happened last night when Starmer sat down for a two-hour dinner with Donald Trump, following the Prime Minister’s speech at the UN General Assembly. Details of what Trump and Starmer talked about are scant: the official read-out merely says they discussed the ‘longstanding friendship’ between Britain and America. Is this
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We’ve had quite the day at 22 Old Queen Street. All Westminster politics seem small in comparison to the news that Fraser Nelson will step down as editor of this publication, with Michael Gove taking charge on October 8th. Hear Fraser’s thoughts on what this new chapter will mean for The Spectator, on the podcast.
The OECD’s interim Economic Outlook report has landed this morning and its forecast for the UK has been revised significantly upwards. Having predicted in May that the economy would grow by 0.4 per cent this year, the policy organisation now expects the economy to grow by 1.1 per cent. This lifts the UK from the