Kate Andrews is economics editor of The Spectator
Now that the Chancellor’s furlough scheme has come to an end, are employers rushing to lay off those workers whose wages have been paid, at least in part, by the government? The good news for Rishi Sunak – and the taxpayer, who footed the bill for this multi-billion pound scheme – is that the early evidence suggests
International cooperation is alive and well – at least when it comes to raising taxes. One hundred and thirty six countries have now signed up to a global minimum corporation tax of 15 per cent, proposed by G7 countries in June and pushed heavily by the UK Treasury. This is another step forward for what
Rishi Sunak always said furlough wouldn’t save every job, especially as the pandemic changed the way we live and spend. Now that the scheme – which paid the salaries of millions of workers across the UK – has come to an end, was Sunak right? Early evidence suggests businesses are bringing their employees back to work, either into
Rishi Sunak didn’t give too much away tonight when he spoke in the ‘ThinkTent’ at Conservative Party Conference. The Chancellor is known for being cautious with his words, and has been increasingly tight-lipped in the weeks leading up to his October Budget. But his presence at the fringe event was telling in itself. Sunak was only billed
Are Covid restrictions coming back this autumn? It’s a far from settled question as we move into the colder, influenza-dominated months. But if there are those calling for tiers and lockdowns in winter, it seems increasingly likely that they’ll be coming up against, among others, the new health secretary. Gone are the days of the
There are two Tory conferences simultaneously taking place in Manchester, within the same conference hall and inside the same fringe events. One is attended by elated activists, who are revelling in the December 2019 victory they never got to celebrate at party conference last year. The other is attended by increasingly agitated grass root faithfuls,
15 min listen
Ministers are bracing for the ‘EFFing crisis’ – that’s energy, fuel and food. As shortages are set to continue for months ahead, the knock-on effects have started to snowball. Will families have a turkey for Christmas? Will inflation cause the costs of living to spiral out of control? Can businesses cope with labour shortages? Katy Balls
17 min listen
Freddy Gray speaks to the Spectator’s Economics Editor Kate Andrews about President Biden’s Infrastructure Bill and the US debt ceiling.
30 min listen
As the UK faces a rising energy crisis with gas supplies in short supply, questions are arising of not just how we mitigate the problem in the short term but how we hedge against it in the long term? What role might nuclear energy play? What’s slowing down its development? Is it the technology? The
39 min listen
In this week’s episode: is Boris Johnson running on empty or is a weak opposition giving him the momentum he needs? Kate Andrews asks in her cover story this week if Boris Johnson’s government has run out of ideas – as well as petrol. Katy Balls also writes in the magazine that the opposition seems
The Prime Minister is thought to thrive on chaos. If so, then he should be in his element. Wholesale gas prices have risen sixfold, winter heating bills are set to be the highest on record. Millions of people across the country are wondering what they might have to forgo to pay for heat. Supermarkets are
Labour avidly disagrees with the Tories’ plan to fill budget gaps by hiking National Insurance. So what would they do differently? This was one of the many tasks Rachel Reeves had today as the shadow chancellor delivered her speech at Labour party conference. Reeves not only had to set out an alternative tax-and-spend policy but also
Are you ready to relive 2020? That’s what Adam Tooze is offering as he tells the story of Covid-19 through the spectacular and terrifying economic consequences created by the global health crisis. For many, the answer will be a simple no. But for others looking to make sense of an utterly surreal year, Shutdown might
17 min listen
Freddy Gray sits down with The Spectator‘s economics editor Kate Andrews to discuss the American economy. During the pandemic, inflation grew rapidly – but the latest reports show that it is on its way down again. Is this just a dip before another spike? And is the Met Gala the right venue for championing the
The pandemic continues to cause surprising events in the labour market — and challenges too, many of which were wholly unanticipated when the Covid crisis began. Today’s update from the Office for National Statistics on labour market numbers is case-in-point: the unemployment rate again, down to 4.6 per cent from May to July. Forecasts of
On BBC One’s Andrew Marr show Sajid Javid confirmed that plans for domestic vaccine passports in England were on the way out, even before they were formally brought in: ‘We should keep it in reserve,’ he said of the government’s plans to link vaccine status to entry into nightclubs, but ‘I’m pleased to say we
The arrival of ‘freedom day’ on 19 July enabled people to return to concerts, festivals, and ditch social distancing, but these rediscovered freedoms did not revive the economy. The ONS said this morning that growth was just 0.1 per cent in July, far lower than the consensus forecast. It was particularly disappointing given the growth
33 min listen
On this week’s episode: why is the Prime Minister so desperate to support the assetocracy? In The Spectator’s cover story this week, after Boris Johnson revealed his plan to pay for social care with a National Insurance increase, Fraser Nelson says there has been an inversion of the welfare state. Is it right to ask
Another day, another tax hike. This is presumably not how Boris Johnson saw his first term in office going; he’s reneged on manifesto promises left and right, including one that defines modern Conservatism: a healthy scepticism of tax rises. The new health and social care levy of 1.25 per cent for employers and employees (so,
19 min listen
On this week’s episode, Kate Andrews argues that the government’s social care reform plans simply don’t add up (00:55). Mary Wakefield makes the case for church doors to reopen (06:55) and Caroline Crampton reviews Tom Chivers’s new book, London Clay (13:25).
