Michael Simmons is The Spectator's economics editor
16 min listen
This week there have been some interesting developments in the public Covid-19 inquiry where scientists and mathematical modellers have been giving testimony on how prepared the government was to tackle the pandemic and how they used expert advise. Within the sessions, WhatsApp messages revealed that Dame Angela McLean – who at the time was chief
SPI-M-O are at the Covid inquiry this week. They’re the shadowy group of mathematical modellers who contributed – more than most – to the evidence that backed up lockdown. On Monday we heard from Professor Mark Woolhouse of Edinburgh University. Surprisingly – for an inquiry that seems from the outset to be focused on the
For perhaps the first time in its history, the Office for National Statistics does not know how many employed, unemployed and economically inactive people there are in the country. This morning, the monthly labour market figures were due to be published. But late last week news slipped out that the employment portion of the release
Britain’s first ‘drug consumption room’ will get the go-ahead later today. A health centre in the east end of Glasgow (where nearly 200 people died from drugs last year) is expected to be used for a pilot project. It will offer nurse-led supervision for drug users while they take heroin, cocaine and other illegal drugs.
Scotland’s first census results have finally been released: just 444 days after England managed to publish theirs. The once-a-decade count of the population was disastrous at worst and botched at best. As the first deadline for returning the census loomed last April, some 700,000 households – a quarter of the country – were threatened with
Scotland continues to suffer drug deaths at levels unseen anywhere else in the UK or Europe. Three Scots die as a result of drugs every single day. That is nearly three times worse than any other country for which records exist. This scandalous figure has just been updated, and shows that, although the number of
33 min listen
This week: The cover of The Spectator magazine looks at whether after years of Covid-based disruption, rising cost and lecturer strikes, university students are getting what they paid for. The Spectator’s data editor Michael Simmons writes a sidebar in which he rails against some of the changes that are happening to university freshers’ week and joins the podcast alongside
I don’t remember much of freshers’ week at Edinburgh. Friends have helped to fill in the blanks. I vaguely recall a police officer handing out vodka shots to show how easy it was to fail a breathalyser test. A famous DJ had his set in the union cut short because he played the song ‘Blurred
5 min listen
Today we had the – seemingly – good news that the headline rate of inflation for July has come down to 6.8%. This is in line with Bank of England targets which suggest that Rishi could be set to meet his pledge to halve inflation. Is this cause for celebration in Number 10? Or should we
Public sector pay growth has jumped 9.6 per cent, the fastest rate since current records began 22 years ago. Private sector wage growth, meanwhile, is slightly more modest at 7.9 per cent. The NHS bonus – a one-off payment of between £1,650 and £3,500 given in June – helped lift overall wages up by 8.2
Yet another of Rishi Sunak’s five targets looks to have slipped out of reach. Waiting lists for NHS treatment in England have climbed to another record high and now stand just shy of 7.6 million. There was a slight improvement for the longest waits: those waiting more than a year dropped slightly but still stand
14 min listen
Rishi Sunak is likely to hit his target of halving inflation by the end of the year, according to the latest Bank of England forecasts. But is that enough to make people feel better off, and will the Tories reap any political benefits for doing it? Cindy Yu speaks to Katy Balls and Michael Simmons.
The Tories have avoided total wipeout in last night’s triple by-election. Rishi Sunak dodged the embarrassment of becoming the first Prime Minister in 50 years to lose three by-elections in a single day. While the Lib Dems won Somerton and Frome and Labour secured victory in Selby and Ainsty, the Conservative candidate in Uxbridge, Steve Tuckwell,
Threadneedle Street will have all the economic limelight this week as the Bank of England sets interest rates tomorrow. With this morning’s grim inflation update, a rate rise looks all but certain. But this morning, the Office for National Statistics (ONS) released an update on Rishi Sunak’s third pledge: to get debt falling. The figures
Wages are slowly closing the gap with inflation, up 7.2 per cent in the year to April versus inflation of 8.7 per cent. It adds up to a real-terms decrease. It’s the 18th real-terms fall in a row – though the fastest nominal rise on record outside the pandemic. The new minimum wage (up nearly
Is Rishi Sunak stopping the boats? He’d certainly like us to think so. He spent much of yesterday in Dover parading the news revealed on The Spectator data hub last week that small boats crossing the Channel were down a fifth compared with the same time last year. By the end of May, the Ministry of Defence
One of the UK’s biggest economic problems is having so many people out of work – and the slowest return to pre-pandemic workforce levels in Europe. This is costly and slows growth, as taxpayers foot the bill for benefits while employers struggle to fill vacancies. Today’s figures show that it is getting better – but
Alex Salmond was one of the first to fall victim to Twitter’s blue tick cull. An account with the same name as his began sending out disparaging tweets about his sub-optimal bowel movements. The account was tweeting shortly after Elon Musk removed 400,000 ‘legacy verified’ blue ticks, little badges that sit next to a user’s
10 min listen
The arrest of the SNP’s treasurer Colin Beattie in relation to the probe into the party’s finances has overshadowed Humza Yousaf’s relaunch speech scheduled for today. Beattie has been taken into custody two weeks after Peter Murrell, the SNP’s chief executive, was questioned by police regarding loans made in June 2021. Can Yousaf distance himself
The UK’s labour market is cooling down, slowly. Although unemployment rose from 3.7 per cent to 3.8 per cent, figures published by the Office for National Statistics this morning show that job vacancies have fallen for the ninth consecutive period. They’re now down 47,000 but still stand at over a million. The number of people