Kate Andrews is economics editor of The Spectator
The Bank of England has held interest rates at their 15-year high for a second time. Markets were expecting another pause, but there was no guarantee: once again the Monetary Policy Committee (MPC) was split on the decision, voting 6 – 3 to hold rates at 5.25 per cent. The minority on the committee were
Good headlines are coming out of the Eurozone this morning, as the inflation rate slowed to 2.9 per cent in October. This is a spectacular fall from its double-digit peak last October, when the rate sat at over 10 per cent. Today’s news brings inflation to a stone’s throw away from the European Central Bank’s
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On this week’s Spectator Out Loud, Peter Oborne reads his letter from Jerusalem (00:55), Kate Andrews talks about why Rishi Sunak has made her take up smoking (07:20), and Jonathan Maitland explains his growing obsession with Martin Bashir (12:15). Presented by Cindy Yu. Produced by Cindy Yu and Natasha Feroze.
What has Rishi Sunak’s government achieved in its first year? The highlights include a renegotiated Brexit policy and setting more practical net-zero deadlines. But Sunak asked the country to judge him on his ability to deliver his pledges set out at the start of the year. If polls are to be believed, voters are preparing
The UK’s unemployment rate rose to 4.2 per cent in the three months leading up to August this year, according to new experimental data from the Office for National Statistics (ONS). This is a 0.2 per cent increase compared with the previous quarter (March to May 2023), but not a big change compared to previous data sets.
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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
Timing is a funny thing. The Chancellor received some good news about the public finances this morning, just when everyone is focused on fairly catastrophic election results for the Tories. A few hours after it was announced that strong Conservative majorities were overturned in the Mid-Bedfordshire and Tamworth by-elections (Katy Balls analyses the results here), we
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September’s inflation data was released today, and showed that it was at the same level as August. Is inflation getting stuck a problem? Cindy Yu talks to Kate Andrews and Katy Balls. Also on the podcast: Labour’s Israel headaches and a look ahead to tomorrow’s by-elections. Produced by Cindy Yu.
‘As we have seen across other G7 countries, inflation rarely falls in a straight line,’ said Chancellor Jeremy Hunt this morning in response to UK inflation data for September. We’ve seen this in the UK, too: at the start of the year, the rate of inflation rose from 10.1 per cent on the year in
‘We are in a horrible fiscal bind’ says the Institute for Fiscal Studies this morning, as it publishes its Green Budget report ahead of the Autumn Statement. A combination of stagnant growth, stubborn inflation, rising debt interest payments and a tax burden at a postwar high has produced a grim assessment of the UK economy, which the
It was a year ago this weekend that Liz Truss sacked her chancellor, Kwasi Kwarteng, over the fallout of their ‘growth plan’. This marked the beginning of the end of Truss’s premiership: she then appointed Jeremy Hunt to the role, and he swiftly dismantled almost every part of her infamous mini-Budget. Since leaving No. 10,
The International Monetary fund has published its biannual World Economic Outlook report – and it’s more bad news for the UK. While the IMF’s predictions for 2023 fall broadly in line with other forecasts – which show Germany having the most economic trouble this year – the IMF predicts that the UK will be an outlier come
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Fraud, by some margin, is the biggest crime in Britain. How did it spin out of control? Who is responsible? And who do we call to tackle and prevent the biggest menace in the digital era? The Spectator’s economics editor, Kate Andrews is joined by an esteemed panel for this discussion, kindly sponsored by TSB and hosted
Rachel Reeves’s speech at Labour party conference was an attempt to show how the party’s economic strategy differs from the Tories. Oddly, the shadow chancellor decided to do this by cherry-picking the showstoppers from both Liz Truss and Rishi Sunak’s highlight reels. Reeves’s accusations were numerous, though predominantly levelled at Truss and her disastrous 49-day
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Cindy Yu is joined by immigration minister Robert Jenrick, Fraser Nelson and Kate Andrews to discuss the Rwanda plan and whether it can truly stop the boats.
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This week: Katy Balls writes in her cover piece that after Tory conference the battle lines have now been drawn between the two main parties. She says we should prepare for a ‘presidential campaign’ ahead of the 2024 election and joins the podcast alongside The Spectator’s editor Fraser Nelson to discuss the dividing lines between Labour and
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After spending most of his conference refusing to say much at all, Rishi Sunak used his speech to make three big policy announcements on HS2, smoking and A-levels. Will these gambles pay off? Fraser Nelson speaks to Katy Balls, Isabel Hardman, Kate Andrews and John Connolly.
Is Akshata Murthy using the Ann Romney playbook? Rishi Sunak’s wife made an unexpected appearance on the main stage at Conservative party conference, delivering a speech that she insisted was even a surprise for the Prime Minister. This wasn’t just an introduction to her husband’s speech. It was ten minutes of glowing remarks about Sunak,
Speaking at the Centre for Policy Studies fringe event at Conservative party conference this afternoon, Jeremy Hunt reiterated once again that there would be no big tax cuts this year. ‘Debt interest payments have gone up so much in the past six months’, he told CPS director Robert Colvile, taking estimates for debt servicing payments
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The Spectator’s Fraser Nelson, Katy Balls and Kate Andrews are joined by special guest Frank Luntz for a live recording of Coffee House Shots from Tory party conference. It was at this event two years ago that Frank first declared Liz Truss to be the next Tory leader. Who might succeed Rishi Sunak? And is a Labour
