Kate Andrews is economics editor of The Spectator
The Tory party’s plan to further cut taxes in the Spring Budget is not exactly a secret. Still, Jeremy Hunt’s suggestion at Davos that they are indeed coming has sparked imaginations – while his party continues to debate internally where these tax cuts should land. Speaking on a panel at the World Economic Forum’s conference
Each year the World Economic Forum’s conference in Davos, Switzerland draws the attention of conspiracy theorists. In truth, nothing is happening in the ski town that doesn’t happen every other day of the year: it’s the world’s most senior politicians and biggest business leaders working together to implement their vision for the future. The only
Inflation rose to 4 per cent on the year to December, up slightly from 3.9 per cent the previous month. It’s the first time the inflation rate has increased for almost a year – an unexpected uptick, as the consensus was for the rate to slow once more, down to 3.8 per cent. This is not the
The Iowa contest tends not to select the Republican nominee. In 2016 Texas Senator Ted Cruz denied Donald Trump his first win by taking home the caucus prize with 28 per cent of the vote. In 2012, Pennsylvania Senator Rick Santorum just edged out eventual nominee Mitt Romney. In 2008, presidential nominee John McCain didn’t
November is proving to have been a lucky month in Britain. Inflation slowed significantly: from 4.6 per cent on the year in October down to 3.9 per cent on the year in November (a bigger fall than anyone predicted). Not only that: this morning we learned from the Office for National Statistics that the economy
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James Heale speaks to Kate Andrews and Katy Balls about Rishi Sunak’s new strategy to focus more on the economy as the election year kicks off. Can Rishi Sunak convince the public that he is the best man for the job? And how much control does the government really have when it comes tackling the economy?
When will inflation return to the target rate? According to its latest forecasts, the Bank of England isn’t expecting inflation to slow to 2 per cent until 2025. But could this happen much sooner? Several independent forecasters are growing in confidence that inflation could get down to 2 per cent this spring, rather than next
Any remaining question about who NHS strikes are supposed to benefit has been put to rest this week. Industrial action is needed, the British Medical Association’s website reads, ‘For the benefit of all junior doctors and for the benefit of all patients’ – and also, of course, to ‘protect the NHS’. Yet the union has selected the
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As junior doctors begin the longest strike in history, Lucy Dunn speaks to Isabel Hardman and Kate Andrews about whether public support for industrial action is starting to wane, and how talks might be different under Labour.
Has the immigration U-turn already begun? When Home Secretary James Cleverly announced his overhaul of the legal migration system at the start of the month, it included a big crackdown on the family visa route into the UK. The Minimum Income Requirement (MIR) for a British citizen wanting to bring their foreign spouse to the UK was
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The big economic news of the week was that the Bank of England has held interest rates at 5.25 per cent for the third consecutive time. This was the expected outcome of the Monetary Policy Committee’s latest vote, but it wasn’t unanimous. There were six MPC votes to hold rates but three to raise it to 5.5
When I go home to America next week for Christmas, I’ll go to church – the one my family and I used to attend every Sunday, a few towns over. I visit intermittently throughout the year when I’m back home, but I always go on Christmas Eve. The routine is the same: I sit quietly
The Bank of England has held interest rates at 5.25 per cent for the third consecutive time. This was the expected outcome of the Monetary Policy Committee’s latest vote, but it wasn’t unanimous. There were six MPC votes to hold rates but three to raise it to 5.5 per cent. No one voted to cut. This speaks to
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The Tories are reeling from a week of painful infighting over Rwanda. Who are the ‘five families’ of Conservative dissenters? James Heale speaks to Katy Balls and Kate Andrews.
Has the UK economy come to a standstill? This morning we learn that the economy contracted by 0.3 per cent in October, far worse than the zero per cent change to GDP that was expected by economists. Furthermore, the Office for National Statistics (ONS) reveals there was no overall growth in the three months to
Climate change minister Graham Stuart is flying back to Britain from the UAE for a matter of hours so he can cast his vote tonight for the Safety of Rwanda Bill. It’s not a great look from the green perspective, and even worse from the political one. The government is so concerned about the numbers
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It was Rishi Sunak’s turn at the Covid Inquiry today. The Prime Minister faced questions on Eat Out to Help Out, his relationship with No.10, tiers and PPE procurement. How did the former Chancellor come across? And how has his tone changed because he is now Prime Minister? Natasha Feroze speaks to Fraser Nelson and
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Kate Andrews speaks to James Heale and Katy Balls about Robert Jenrick’s resignation last night and whether this is another sign of Tory party implosion.
The UK’s immigration system must be ‘fair, consistent, legal and sustainable’, proclaimed the new Home Secretary as he presented his ‘five-point plan’ to reduce legal migration in parliament. James Cleverly billed these changes as ‘more robust action than any government’ has taken before to reduce the headline net migration figure. They involve increasing the skilled
Keir Starmer wants to set expectations early. Speaking at the Resolution Foundation’s economy conference later today, the opposition leader used his speech to emphasise just how little scope he’d have at the start of any Labour government to splash the cash. His party will not ‘turn on the spending taps’, he told an audience of