Kate Andrews is economics editor of The Spectator
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Can Joe Biden unite America? (01:05) Why is the UK’s vaccine rollout its most important economic policy? (12:10) And how can re-enactments bring history to life? (22:15) With The Spectator’s economics correspondent Kate Andrews; US editor Freddy Gray; political editor James Forsyth; Capital Economics chairman Roger Bootle; re-enactor Chris Brown and historical consultant Justin Pollard.
Having won more votes than any presidential candidate in American history, Joe Biden might have hoped for a triumphant entry into Washington. Instead, he travelled to the inauguration in a private plane to deliver his speech to more members of the National Guard than guests. A combination of the pandemic and security fears ruined normal
This morning’s update from the Office for National Statistics has boosted optimism about the prospect of the UK’s economic recovery. GDP fell 2.6 per cent in November last year, reversing the trend of six consecutive months of increases since April’s significant contraction. This takes GDP back down to 8.5 per cent below last February’s levels
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Freddy Gray talks to Kate Andrews about the twice-impeached President. Was there any point in impeaching him, mere days from the end of his presidency? What does the law say with regards to impeaching a former president? And is this the start of ‘impeachflation’ – where the censure is used against any president who meets
Tonight Donald Trump became the first president in the history of the United States to be impeached twice. He was first impeached in 2019, accused of pressuring the President of Ukraine to provide information on his political challenger Joe Biden. This evening, Trump was impeached again on the grounds of ‘incitement of an insurrection’ last Wednesday, when his address
Jessica Allen and Eliza Moore had a bad experience with the Derbyshire police last week. The two women met for a socially distanced walk roughly a five-mile drive away from their home. This resulted in the pair being ‘surrounded’ by police officers, who fined them £200 for leaving their local area and drinking takeaway coffee,
Facebook and Twitter’s decision to suspend Donald Trump is, legally speaking, fairly clear-cut. Both are private companies which set the rules on who is – and isn’t – allowed to use their sites. Even if you’re the leader of the free world you have no automatic right to a Twitter account. The same logic applies to Parler – the self-described
The scenes in Capitol Hill tonight are the sort that many Americans thought they would never live to see. A violent mob of Trump supporters stormed the Capitol building, overwhelming law enforcement and firing their weapons into the Senate chamber. Four people have died – one woman shot and killed – and there are reports of police injuries. The Senate
Rishi Sunak’s latest giveaway totals £4.6 billion in grants for the retail, hospitality and leisure sectors, amounting to up to £9,000 per outlet. Alongside this comes an additional £1.1 billion for local authorities and a £600 million discretionary fund for businesses that might not qualify for the main grant. This money is meant to help
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After a year battling coronavirus, the UK’s debt now totals more than £2 trillion. In an effort to keep the economy afloat, the Treasury has paid wages, given tax relief, and even paid for people to eat out. As recently as five years ago, Conservatives would have thought this spending unsustainable. But with Boris Johnson’s
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Last month the government released its ten point plan for what it dubs ‘The Green Industrial Revolution’. At the top of the list was offshore wind, with a pledge to produce enough power for every home by 2030. Offshore wind currently constitutes over 50 per cent of the renewables in the UK, with costs coming
From Monday, the guidance for self-isolation is changing. Previously if you were told by officials (or the NHS app) you had been in close contact with someone who tested positive for Covid-19, you were expected to self-isolate for 14 days. Starting next week, this will be reduced to 10 days, and will also apply to
Britain’s economy experienced a record rebound between July and September, growing 15.5 per cent. But the vast majority of this recovery took place early on – and there are worrying signs that this slowdown has continued in the months since. Towards the end of the summer, monthly growth figures were already starting to disappoint. Despite
Today the Wealth Tax Commission, an initiative involving the LSE, has recommended a ‘one-off’ 5 per cent levy on the assets of Britain’s wealthy residents to pay for the costs of the pandemic. Two immediate problems jump out of the proposal. First, to raise the money it would not be a one-off levy, but rather
‘Nothing is so permanent as a temporary government programme,’ the free market economist Milton Friedman famously noted. So just how permanent will social distancing measures be? As more positive news about vaccines and their distribution rolls in, it will be a question that grows louder: how much longer will we be asked to live with
Britain is set for the slowest economic bounce-back in the G7 and one of the slowest recoveries among wealthy nations, according to new forecasts published today by the Organisation for Economic Cooperation and Development. The OECD has updated its forecasts for global economic recovery, showing a return to pre-Covid GDP levels by the end of
In an attempt to win tomorrow’s vote on the new tier system — without relying on Labour’s support — Boris Johnson promised to publish analysis of the health, social and economic impact that the new tier system would have on the nation. But potential rebels are unlikely to be satisfied with the resulting document, published
Take a stroll through central London and you’ll be overwhelmed with Christmas cheer. The angels and fairy lights are draped above Piccadilly, the shop windows packed full of evergreen, holly and ornaments. Fortnum & Mason has been transformed into the most decadent Advent calendar imaginable, and Cartier’s building is wrapped up in a giant red
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Pandemic finances are different to normal finances, as seen by today’s new figures from the OBR which show that the UK’s economy will not be back to pre-pandemic levels until 2022. In today’s spending review, the Chancellor broke a manifesto pledge by cutting the overseas aid budget. Is this a taste of things to come?
It’s been no secret that Covid-19 has sent the UK’s finances into disarray — but today we received a further insight into just how bad the books are looking. Alongside Rishi Sunak’s Spending Review came updated forecasts and scenarios published by the Office for Budget Responsibility, which confirm the UK economy is set to shrink