Kate Andrews is deputy editor of The Spectator’s World edition.
The debate over migration figures released today seems to be whether or not we’ve reached a new ‘record high’. The Office for National Statistics reports net migration rose 672,000 in the year to June. This would have been a record high if the ONS hadn’t also revised last year’s figures up by a staggering 140,000 to 745,000.
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After much Whitehall spin, the official figures are now in. Net migration in the year to June hit 672,000, down from 745,000 in 2022. A total of 1.2 million people arrived to live in the UK, whilst 508,000 moved overseas. The ONS says it’s too early to call this a downward trend, but has migration
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The Chancellor today delivered his fiscal update, branding it as an ‘Autumn Statement for Growth’. In it, he announced a series of tax cuts for both businesses and workers including the decision to make ‘full expensing’ permanent and a surprise announcement on National Insurance, which has been cut by two percentage points for workers and
Jeremy Hunt’s March Budget was an exercise in Big State Toryism. It lacked meaningful tax cuts, was full of new spending promises, and was estimated by the Office for Budget Responsibility (OBR) to take the ratio of public spending to GDP to ‘43.4 per cent, its highest sustained level since the 1970s’. But today’s Autumn Statement, the
When the government announces a range of tax cuts tomorrow, it has pledged to do so in a ‘sustainable’ way. What counts as sustainable, however, is going to be hotly contested – especially in light of this morning’s update from the Office for National Statistics, which saw the UK borrow more than forecast or expected last month.
The government’s transition on taxes has taken place at lightning speed. We’ve gone from chancellor Jeremy Hunt hinting at tax cuts yesterday morning on the BBC to Rishi Sunak confirming that not only are tax cuts coming this Wednesday, but they are now a major priority for the government, as laid out in five new promises made today. Arguably
In his speech in north London his morning, the Prime Minister confirmed that tax cuts are coming this Wednesday, as is another attempt by the government to get Britain’s 5.5 million missing workers back into employment. But Rishi Sunak didn’t stop there. Having achieved one of his five pledges for the year last week —
Has Jeremy Hunt had a change of heart or a change of circumstances? The Chancellor has spent the past few months crushing any hope of a major tax cut in next Wednesday’s Autumn Statement, insisting that the government’s main priorities – including tackling inflation and improving the dire state of the public finances – directly
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How we achieve net zero is more than just a political or environmental decision. It is one that will have huge societal impacts. How we get our energy translates to how we move around, how we heat our homes. It’s a reminder that the energy transition has many trade-offs, as we navigate achieving net zero
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On the podcast: It’s been a busy week in Westminster. On Monday, Rishi Sunak’s first major reshuffle saw Suella Braverman sacked and David Cameron make a surprise return to politics. Then two days later, the Supreme Court’s Rwanda ruling left the government’s pledge to ‘stop the boats’ in tatters. It was meant to be the
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Fifty-six Labour MPs rebelled last night and voted for an SNP amendment calling for a ceasefire in Israel and Gaza. Keir Starmer had ordered his party to abstain on the vote, and said afterwards that Israel had suffered ‘its worst terrorist attack in a single day’ on 7 October, and that ‘no government would allow
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The Supreme Court has ruled that the government scheme to deport illegal migrants to Rwanda is unlawful. Why? And how will Rishi Sunak respond? Will he try to take Britain out of the European Convention on Human Rights? James Heale speaks to Katy Balls and Kate Andrews.
Inflation has slowed significantly, according to the latest update from the Office for National Statistics. The headline rate was 4.6 per cent in the year to October, down from 6.7 per cent the previous month. The sharp slowdown is largely attributed to last year’s hikes in energy prices dropping out of the data with the figures now
Slowly but surely, the labour market in the UK appears to be cooling down. Data from the Office for National Statistics this morning shows the number of job vacancies across the economy fell by another 58,000 between July to September, taking the total figure to an estimated 957,000. This is still far above pre-pandemic levels, but the
The UK economy grew 0.2 per cent in September. This followed 0.1 per cent growth in August, revised downwards from 0.2 per cent. Monthly figures don’t always tell a story on their own, but these past two months of data reflect the UK economy’s trend for the year – one, unfortunately, of virtually no growth.
There were no big surprises in the King’s Speech today. That’s a shame. Rishi Sunak and his ministers like to insist their agenda for the next year is an ambitious one. They’re making ‘difficult but necessary long-term decisions to change this country for the better’, as read out by the King to parliament. Yet the
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The Bank of England has once again taken the decision to hold interest rates at their 15-year high. There is growing market consensus that this second pause is a sign that interest rates have peaked, or nearly reached their peak. Will the Bank be able to tread the thin line between tackling inflation but also
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.
