SpecData

Notes and observations on facts and figures in the news

Michael Simmons

Are Reeves’s fiscal rules really ‘ironclad’?

This afternoon, Keir Starmer recommitted to not raising income tax, VAT or employee National Insurance for the duration of this parliament. At the same time, he reiterated his support for Rachel Reeves’s ‘ironclad’ fiscal rules. Are both possible? Answering a question from GB News’s Chris Hope at a visit to the Jaguar Land Rover factory in the West Midlands the Prime Minister said: ‘We made that commitment in the manifesto and we were absolutely clear about it going into the Budget and the Spring Statement, and that is a commitment we’ve made and a commitment we will keep.’  In response to an earlier question from Sky, he also stood by

Michael Simmons

Welcome to Terrible Tuesday

Britain’s real economic pain starts today. Overnight, the cost of living has jumped once again: energy, water, broadband, public transport, TV licences – all up. So too are council tax bills, capital gains, and vehicle taxes. And that’s before we even get to the slow stealth march of fiscal drag. Last week, the Office for Budget Responsibility warned that inflation will hover close to 4 per cent this year – driven by higher food and energy prices – and won’t fall back to the Bank of England’s 2 per cent target until 2027. One of the biggest culprits? Energy. Ofgem’s latest price cap hike – up 6.4 per cent –

Michael Simmons

Are tax hikes on the horizon?

Tax rises are almost certainly coming, Britain’s leading fiscal think tank has said. Those taxes are most likely to fall on pensioners and the wealthy, according to Paul Johnson, director of the Institute for Fiscal Studies (IFS). ‘There is a good chance that economic and fiscal forecasts will deteriorate significantly between now and an autumn Budget. If so, she will need to come back for more, which will likely mean raising taxes even further,’ the IFS director said. The tax burden is already just a year away from reaching its highest level in history – beating levels not seen since 1948. Reeves continues to blame a ‘changing world’ for the economic

Steerpike

Who do Brits blame for UK financial decisions?

Tick tock. There are less than 48 hours to go until Rachel Reeves’s big Spring Statement on Wednesday and as the Treasury finalises its preparations for the big reveal, YouGov has been running some tax-related tests of its own. In a blow for the reds, the polling company has found that it is becoming more difficult for the Labour lot to blame the Tories for its tax and spend decisions – with an increasing number of people seeing Sir Keir Starmer’s government as responsible for tough tax calls. In a survey conducted between the 18-19 March, YouGov found that 80 per cent of Brits say UK finances are in a

Steerpike

Scots feel safer as part of UK in blow to SNP

It’s a day ending in ‘y’ which means there’s more bad news for the Scottish Nats. Now new polling for unionist group Scotland in Union shows that most Scots feel safer as part of the United Kingdom. The Survation survey revealed that most of Scotland’s population believe they are more secure – and have more influence – as part of the UK, with the country’s people also in favour of retaining the nuclear deterrent. For the anti-Trident, secessionist Nats, it’s quite the blow… Today’s poll found half of participants believed Scotland is more secure as part of the UK, while almost six in ten respondents felt that the country should

Michael Simmons

Britain’s borrowing is out of control

Rachel Reeves is having to borrow more and more money to keep Britain’s show on the road. Figures on the public finances, published this morning by the Office for National Statistics (ONS), show that in the financial year to February we borrowed over £132 billion. That is nearly £15 billion more than at the same point in the last financial year and is the fourth-highest borrowing period since records began in 1993. The Office for Budget Responsibility (OBR) had expected borrowing to total £128 billion for the whole financial year and, by this point, that forecast is already more than £20 billion short. The OBR’s budgetary boffins will update that

Michael Simmons

The British state is bigger than ever

The state is bigger than ever. The number of workers employed in central government has hit 4 million for the first time. Figures just released by the Office for National Statistics (ONS) show employment in the public sector hit 6.14 million in December, up 53,000 in a year. Employment in central government hit a record high and was up 105,000 in a year. Those employed by the NHS hit a record high too, of over 2 million, and was up by nearly 50,000 in a year. Yet, as Katy Balls and I point out in today’s cover story for the magazine, productivity has not kept pace. Meanwhile, the unemployment rate in the

Is Boris right about the ‘Boriswave’?

Boris Johnson is trying to wash his hands of the unprecedented wave of migration that has seen more than one million people move to the UK in each of the last three years. He was confronted about this ‘Boriswave’ on the Triggernometry podcast yesterday and told the hosts that rather than being the result of his decisions, Covid and the Migration Advisory Committee were to blame. Are his explanations convincing? First, he said the bounce was due to people leaving the country in the pandemic and returning afterwards: ‘If you look at what actually happened, the numbers go down, we had a huge number of people leave the country because of Covid…

Steerpike

Third of Reform voters want a new leader

Is Nigel Farage’s position under threat? Most inside Reform don’t seem to think so – but a new poll offers a warning shot to the Clacton MP. It transpires that a third of the party’s voters think Reform would be performing better if he stepped down and allowed another to take his place. Who might they have in mind? With the explosive events of the weekend threatening to derail the party, the YouGov survey could hardly land at a worse time… The civil war that has engulfed the right-wing party over the last week appears to have left its supporters feeling split too. The fallout between Farage and Rupert Lowe

Michael Simmons

Who’s doing well out of the Trump slump?

Markets are not enjoying Donald Trump’s tariffs. Some 125 days have passed since his second election victory and the S&P 500 is on a clear downward trajectory thanks to Trump’s tariff policies and other poor US economic data. After the same number of days following Biden’s election, the S&P was up 13 per cent; for Obama’s second term it was up nine per cent; and at the same point in Trump’s first presidency it was up 11 per cent. For Trump 2.0 it’s down 3 per cent from election day. Trump has summoned Wall Street bosses to the White House in an attempt to calm nerves, but while US equities

As US border crossings fall, UK small boats hit record highs

Small boat crossings since the start of the year are at a record level. Yesterday 326 migrants arrived, bringing this year’s total to 3,224. Last year 2,983 migrants crossed the Channel over the same period. The number who have made the journey since Keir Starmer became Prime Minister, having promised to ‘stop the small boat crossings’, is 24,666. The figures are in stark contrast to the US, where Donald Trump recently announced that ‘the invasion of our country is over’ with attempts to illegally cross the US-Mexico border at a record low. Border agents had 8,326 encounters with migrants in February, Trump said; there were 190,000 in the same month last year.  One of

Michael Simmons

The problem of Britain’s idle generation

The number of young people not doing anything with their lives has hit its highest level in 11 years. Figures released this morning by the Office for National Statistics (ONS) on 16- to 24-year-olds not in education, employment or training – so-called NEETs – show that the number has reached just under one million in the last three months of 2024. Standing at 987,000, the number of NEETs is up by 110,000 since the end of 2023 – equivalent to a town the size of Oldham. The new data means that nearly one in seven Britons aged 16 to 24 are not in education, employment or training. The figures are

Kate Andrews

Inflation rises to 3% – should we panic?

Prices are rising. Inflation rose to 3 per cent in the twelve months leading up to January, up from 2.5 per cent in December. It’s a bigger jump than expected, with markets and the Bank of England expecting a rise to 2.8 per cent, driven largely by higher transport costs, as well as higher costs for food and non-alcoholic drinks. Is there reason to panic? While the CPI figures are higher than expected for January, they are not far out of line with the Bank’s latest forecast, which expects inflation to peak closer to 4 per cent this summer, due to rising energy costs. As Capital Economics notes this morning,

Michael Simmons

Strong pay growth will alarm the Bank of England

Britain’s workers have experienced strong pay increases for the third month in a row. Figures on the jobs market, just released by the Office for National Statistics (ONS), reveal that pay rose 6 per cent in the final three months of 2024 – the fastest pace of pay growth in over a year. Strip out inflation, and the average worker saw a 2.5 per cent pay increase – the highest real terms pay rise for three years. While more money in pockets is obviously good news for the workforce, these figures will be ringing alarm bells at the Bank of England. The Bank’s interest rate setters see pay increases as

Feminist coding and Armenian fashion week – my findings from Spaff

The Spectator Project Against Frivolous Funding, or Spaff, has been launched this week to shine a light on government waste. To help track down examples of frivolous spending, The Spectator has created a search engine that allows anyone to look at government transactions, foreign aid projects and procurement contracts all in one place for the first time. If you’re like me, and your eyes light up at the idea of rooting out government profligacy, the search engine is a treat. Here’s what I’ve found so far: Let’s start with the Arts Council, which has burnt through a tremendous amount of taxpayer cash. Particular funding highlights are a feminist creative coding

Steerpike

Reform support surges to new high, poll shows

Another day, another positive poll result for Reform. The latest Westminster voting intention poll from YouGov shows Nigel Farage’s party swooping into first place – again. More than a quarter of Brits would vote for the Reform crowd if there were a general election tomorrow, with the party up a point since last week and on its highest figure to date in a YouGov poll. Watch out Keir… The Labour lot received the backing of 25 per cent of poll respondents – also up a point on the previous week – to land in second place, while Kemi Badenoch’s boys in blue came third with just over a fifth of

Michael Simmons

Reform tops Spectator poll tracker

Nigel Farage’s Reform party are now out in front at the top of The Spectator data hub’s poll tracker. The latest update to our poll of polls puts Reform one point above Labour – on average – at 25 per cent of the vote with the Tories in third place at 22 per cent.  A flurry of polls in the last couple of weeks show continued decline in support for the Tories with nearly all of the benefits going to Reform. Meanwhile, support has continued to slip away from the Labour party. The result: Reform on top.  The poll that tipped them over the top came from FindOutNow who surveyed some 2,487

Michael Simmons

Record Channel crossings expose Starmer’s failure to ‘smash the gangs’

More migrants have illegally crossed the English Channel since 1 January than in any previous year for this period. So far in 2025, 1,344 migrants were detected crossing the Channel in small boats between 1 January and 4 February, beating the previous record of 1,339 in 2022. The figures published by Border Force – and tracked daily by The Spectator’s data hub – put paid to Keir Starmer’s promise to ‘smash the gangs’. A key part of Labour’s manifesto – and one of Starmer’s ‘first steps’ – was to ‘create a fair system and stop the small boat crossings’. Since Starmer took office last July, there have been 24,586 migrant crossings. The news comes despite

Trump’s popularity among Brits is rising

Back in July 2019, Donald Trump called Boris Johnson ‘Britain Trump’, before adding ‘that’s probably a good thing, they like me over there’. Awkwardly for Johnson at the time, this was certainly not the case for the majority of Brits, even among those who backed Boris. In 2019, 7 in 10 thought Donald Trump had been a bad president, including a majority of Conservative voters.  While Johnson might have squirmed at Trump’s endorsement back then, politicians in the UK today seem to be rushing to ingratiate themselves with the new administration. And it’s not just politicians changing their minds, British voters are also warming to Trump 2.0. New data from

Revealed: ONS blames Ring doorbells for dodgy jobs data

What caused the Office for National Statistics (ONS) to lose faith in its own jobs figures? After the pandemic, the ONS asked for the ‘national statistic’ quality mark to be taken off its estimates of whether Brits are working when response rates to its labour force survey collapsed. Fewer and fewer people were willing to invite an interviewer into their home to give them the 45-minute questionnaire. Bank of England governor Andrew Bailey said ‘it is a problem’ to not have accurate unemployment numbers when setting interest rates, while Lord Bridges, chair of the House of Lords eco­nomic affairs com­mit­tee, asked: ‘How are the Treasury and the bank to make