Rachel reeves

Today

Tim Shipman

Labour’s first year (in review) with Tim Shipman & Quentin Letts

22 min listen

Cast your mind back a year. Labour had just won a storming majority, promising ‘change’ to a stale Tory party that was struggling to govern. But have things got any better? In the magazine this week, Tim Shipman writes the cover piece to mark the occasion of Labour’s first year in government. He takes readers through three chapters: from Sue Gray (freebies scandal and winter fuel cut) to Morgan McSweeney (a degree of professionalisation and dealing with the Donald) to the point at which ‘things fall apart’ (assisted dying, the welfare vote and Reeves’s tears). On the podcast, Tim is joined by The Spectator’s James Heale as well as sketchwriter

Thursday

Oscar Edmondson

NHS reforms: Labour puts on a brave face

14 min listen

Today Wes Streeting – with the help of Keir Starmer and Rachel Reeves – announced his 10 year plan for curing the NHS. It’s all about creating a ‘Neighbourhood Health Service’, but what does actually mean in practice?  Much of the plan was leaked in advance: first, focusing on preventing disease before it becomes too late; second, improving community healthcare services to help reduce pressure on hospitals; and third, embracing the tech revolution to bring the NHS into the ‘digital age’. One of the glaring omissions is a chapter on how this will all be delivered. Perhaps the most notable part of today’s launch was the decision to include Rachel

Matthew Parris Matthew Parris

How Labour governments always end

Couldn’t we just skip to the end? I’m old enough to have seen this so often: must I sit through each dreary succeeding scene again? Parties in government are animals: they have natures; their natures do not change; they are incapable of being different animals; and what follows, follows. A Labour government finally runs out of money and enters a period of slow-motion disintegration, ending in a chaos of finger-pointing and blame-shifting, still whimpering about social justice as the bailiffs move in. Already the suspense has gone. There will be many twists and turns, probably over years rather than months, before this government pulls apart at the seams; but, honestly,

Saturday

Michael Simmons

Why is Britain’s economy so unhealthy?

20 min listen

The Spectator’s economics editor Michael Simmons is joined by the outgoing boss of the Institute for Fiscal Studies Paul Johnson and the CEO of the Resolution Foundation Ruth Curtice to understand why Britain’s economy is in such a bad place. Given it feels like we are often in a doom loop of discussion about tax rises, does this point to a structural problem with the British economy? And why are the public’s expectations so out of line with the state’s capabilities? Michael, Paul and Ruth talk about whether it’s fair for Labour to claim they’ve been ending austerity, the extent to which the effects of the covid-19 pandemic are still

Thursday

Claire Ainsley

Is Rachel Reeves’s headroom shrinking?

13 min listen

There were clear winners and losers in Rachel Reeves’s spending review yesterday but some of her announcements around capital spending and investment saw her dubbed the ‘Klarna Chancellor’ by LBC’s Nick Ferrari for her ‘buy now, pay later’ approach. Clearly trying to shake off the accusations of being ‘austerity-lite’, Labour point to longer term decisions made yesterday, such as over energy policy and infrastructure. But will voters see much benefit in the short-term? And, with the news today that Britain’s GDP shrank by 0.3% in April, will the decisions Rachel Reeves have to make only get harder before the October budget? Lucy Dunn speaks to Michael Simmons and Claire Ainsley,

James Heale James Heale

Rachel Reeves, the Iron Chancer

Gordon Brown may not be every teenager’s political pin-up. But as an Oxford student, Rachel Reeves proudly kept a framed photo of him in her bedroom. It was Brown who introduced the first multi-year spending review in 1998: the kind of big political set-piece speech which he relished. Reeves’s speech on Wednesday showed the level of constraints facing the Treasury this decade vs the 1990s. Chess, not poker, is the Chancellor’s chosen game of recreation. As a player and a politician, she prides herself on making decisions guided by skill, care and thought. Yet this week she staked her government’s future on a series of political bets. Her tax rises

Tuesday

Michael Simmons

Labour goes nuclear while Reform turns to coal

17 min listen

Rachel Reeves has pledged a ‘new era of nuclear power’ as the government confirms a £14.2 billion investment in the Sizewell C nuclear plant in Suffolk. This comes on the eve of Labour’s spending review, with the government expected to highlight spending pledges designed to give a positive impression of Labour’s handling of the economy. However, as Michael Simmons tells James Heale and Lucy Dunn, there are signs that the government’s National Insurance hike is starting to bite. Plus – Nigel Farage has made two announcements in as many days. This morning, he unveiled Reform’s new chairman, former MEP Dr David Bull, taking over from the recently returned Zia Yusuf.

Monday

James Heale

Labour try to silence ‘austerity-lite’ accusations

13 min listen

James Nation, formerly a special adviser to Rishi Sunak and now an MD at Forefront Advisers, joins the Spectator’s deputy political editor James Heale and economics editor Michael Simmons, to talk through the latest on the government’s spending review, which is due to be announced on Wednesday. The last holdout appears to be Home Secretary Yvette Cooper, pushing for more police funding. But, against a tough fiscal landscape, what can we expect? And how much does it matter with the wider public? Plus – former chairman Zia Yusuf returned to Reform just two days after resigning, what’s going on? Produced by Patrick Gibbons.

Wednesday

James Heale

How to do a spending review

21 min listen

Labour’s spending review is expected on the 11th of June, when we will find out which government departments face cuts and which costs have been ringfenced. This can set the tone for politics for months to come as it gives a clue to which priorities matter most – especially in times of fiscal restraint – and which ministers are up, and which are down. But how is a spending review conducted? How does His Majesty’s Treasury balance the negotiations with those competing for its attention? And, following the leaked Angela Rayner memo, do we know which economic arguments are winning out? James Nation, formerly an official at HMT and then in

Thursday

The Spectator

Letters: In praise of the post office

Reeves’s road sense Sir: Is it stubbornness, denial, inexperience or some other agenda that prevents Rachel Reeves changing course in the face of uncomfortable facts? A multitude of surveys have told her that punitively taxing the rich means they will leave (‘The great escape’, 17 May). Recently I had lunch at a fashionable London club that was half-empty. When asked why this was, our waiter commented that he now rarely sees his previous international regulars, and if he does, they are only in town for a short stay. Endless business surveys have also told Reeves that her employer taxes will cost jobs, close companies, weaken growth and raise inflation, yet

Thursday

Martin Vander Weyer

Beef farmers have been stitched up

An awkward delay in the unveiling of the Mansion House Accord was, we’re told, nothing more than a Downing Street ‘timetabling issue’. It was perhaps a tenterhooks issue too, as Donald Trump’s Sharpie hovered over the UK-US trade deal which was clearly going to make bigger headlines. But the Accord also had to contend with City discord around the issue of ‘mandation’ of pension funds to invest in unlisted equity that might contribute to future UK growth. In July 2023, 11 institutions inked the first Mansion House ‘compact’, committing 5 per cent of ‘defined contribution’ pension monies to private equity by the end of the decade. Now 17 industry leaders

Michael Simmons Michael Simmons

The rich are fleeing – what next?

Keir Starmer is worried about who’s coming into the country. This week, he launched a white paper with the aim of cutting migration. Britain risks becoming an ‘island of strangers’, he said. However, it’s not just arrivals that should give him sleepless nights. It’s the number of people in the departures lounge too. London’s private members’ clubs, top schools, luxury car dealerships and estate agents are all grappling with the same problem: their customers are fleeing the country. Since 2016, almost 30,000 millionaires have left Britain – an outflow unmatched in the developed world. They are either returning home or moving abroad. The reason is a slew of tax changes

Andrew Gimson

Your state pension is a socialist bribe

Every four weeks the government sends me my state pension. Those words have a socialist, almost Soviet, ring. The amount has recently risen to £11,973 a year – a preposterous sum to send a 67-year-old man still in paid employment. But from the state’s point of view, the money is not entirely wasted: it buys a kind of loyalty. Because I accept the money, and do so with a certain pleasure, I am bound into the system and am less likely to say it’s a bad one. I’ve allowed myself to become a dependent. I may criticise the way the welfare state is run and demand improvements in the administration

Thursday

Michael Simmons

Who do voters trust most on the economy?

12 min listen

Chancellor Rachel Reeves has been in Washington D.C. this week at the IMF’s spring meetings, and will meet US Treasury Secretary Scott Bessent tomorrow. Cue the ususal talk of compromising on chlorinated chicken. Not so, reports the Spectator’s economics editor Michael Simmons, who explains that Reeves may offer a reduction in long-standing tariffs already imposed on American cars. But, it’s been a bad week of economic news for the Chancellor as the IMF downgraded the UK’s growth forecast.  We’re also one week away from the local elections – Starmer’s first big test since last year’s general election. The economy isn’t usually the number one issue at local elections but, as More in

Thursday

William Moore

Cruel Labour, the decline of sacred spaces & Clandon Park’s controversial restoration

51 min listen

This week: Starmerism’s moral vacuum‘Governments need a mission, or they descend into reactive incoherence’ writes Michael Gove in this week’s cover piece. A Labour government, he argues, ‘cannot survive’ without a sense of purpose. The ‘failure of this government to make social justice its mission’ has led to a Spring Statement ‘that was at once hurried, incoherent and cruel – a fiscal drive-by shooting’.  Michael writes that Starmer wishes to emulate his hero – the post-war Prime Minister Clement Atlee, who founded the NHS and supported a fledgling NATO alliance. Yet, with policy driven by Treasury mandarins, the Labour project is in danger of drifting, as John Major’s premiership did.

Friday

Katy Balls

Coffee House Shots Live with Maurice Glasman, David Frost and James Kanagasooriam

70 min listen

Join Katy Balls, Michael Gove, Lord Glasman, Lord Frost and pollster James Kanagasooriam as they unpack the highly anticipated Spring Statement and its implications for national policy and global security. Listen for: Michael’s plan for how to deal with the Donald, and why the Treasury is not fit for purpose; Maurice on his influence in the White House, and what’s wrong with the current political class; David’s reflections on why Brexit was ahead of its time; and James’s explanation for Britain’s lost sense of community.

Thursday

The Spectator

Letters: The futility of net zero

Not zero Sir: I was delighted to see your leading article about the impossibility of net zero (‘Carbon candour’, 22 March). We need now to expose its futility. The UK’s efforts will make no difference at all to global temperature. Whether it is naturally occurring or produced through coal burning, there is not the slightest chance of stopping the rise in atmospheric carbon dioxide (not ‘carbon’, which is nasty black stuff). Guy Liardet Meonstoke, Hampshire Ideological bullets Sir: ‘Don’t bite the hand that feeds you’, they say. But by biting the hand of business with her Budget, Rachel Reeves has shown total recklessness (‘The Rachel capers’, 22 March). By killing

The Spectator

The underlying message of Rachel Reeves’s Spring Statement

Rachel Reeves may not be the most mellifluous writer ever to inhabit 11 Downing Street. At the weekend, she informed readers of the Mail on Sunday that she would ‘make no apology for keeping an iron grip on the country’s finances’ but was happy to spend money on training more ‘brickies, sparkies and chippies’. The lurch from cliché to fake colloquialism does not suggest Reeves will be bracketed with Disraeli, Gladstone, Churchill or Lawson. But there is one addition to the political lexicon for which Reeves is responsible and which deserves a revival – ‘securonomics’. Before Labour’s election, the term was never far from Reeves’s lips. Launched with great fanfare

Katy Balls Katy Balls

Labour’s popularity contest

A few months ago, over a plate of bone marrow, a Tory adviser was considering how best to kneecap Labour. With the government’s working majority at 168, opposition debates could only go so far. Viral attack videos were hard to come by and CCHQ was depleted. Then the adviser hit upon something: a league table of cabinet ministers ranked by the Labour membership. It was an idea that arose from bitter experience. The Conservative-Home website has for years been running a grassroots ranking, showing which ministers were favoured by party members. It has proved such an accurate tracker about who was in pole position for any tilt at a leadership

Tuesday

Oscar Edmondson

Could Cabinet turn on Reeves?

13 min listen

Hard hats on for the Spring Statement tomorrow, where at around midday Rachel Reeves will deliver her fiscal update (read: significant fiscal set piece). Aside from not spooking the markets, the Chancellor will be hoping that she doesn’t spook those within her own party. There are rumours of discontent circling around Westminster about a potential Labour split. We have already seen secretaries of state briefing out their discontent over potential departmental cuts. Ministers have also been breaking rank this week to criticise Rachel Reeves for accepting free Sabrina Carpenter tickets. Can she keep the party united? Oscar Edmondson speaks to Katy Balls and John McTernan, former political secretary to Tony