Kate Andrews is deputy editor of The Spectator’s World edition.
Britain is midway through a deep recession: of that there is no doubt. But what next? Oxford Economics has today been one of the first to offer an answer, predicting a V-shaped economic recovery (sharp economic downturn and sharp economic revival) and near-complete economic repair. It is, of course, a guess: all forecasts are. But
The new Bank of England governor Andrew Bailey has warned that the UK is facing an ‘economy emergency’ and the worst is yet to come. Speaking to Sky News, Bailey said the UK economy needs to brace itself for a ‘very big downturn’. ‘Everything’s on the table that is reasonable,’ he said, referring to the policy
Last week’s £12 billion stimulus package to tackle the health and economic consequences of Covid-19 now seems like a drop in the ocean compared to Rishi Sunak’s announcement this evening: an astonishing £330 billion package of guarantees for business loans, up to £20 billion worth of tax cuts and grants for small and medium size
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We’ve just seen one of the worst weeks in stock market history, with the FTSE100 ending on Friday 17 per cent down and billions of pounds wiped off British share values. This has been spurred on not by the fear of Covid-19 itself, but by the reaction to the virus: when sentiment switches from confidence to
When America used a drone to take out an Iranian general a few weeks ago, it triggered a standoff between the two countries that barely moved oil prices. America was seen to have passed the first test of what Donald Trump hailed as ‘energy independence’. The US oil industry has surged over the past five
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This week kicked off with an incredible fall in oil prices globally, so what on earth happened (00:50)? We also talk about the Budget, where Rishi Sunak set out in more detail how the government’s ‘levelling up’ agenda will look (10:20). Finally, should we be doing more science research for curiosity’s sake (23:05)?
The Treasury thinks it has a new friend: the Office for Budget Responsibility (OBR). During the delivery of his first Budget this afternoon, Chancellor Rishi Sunak referenced the economic forecaster multiple times, relying on its assessment of the Budget as proof that the ‘largest giveaway since 1992’ is still fiscally responsible. The OBR has ‘made
International Women’s Day (IWD) is a great idea — in theory. Why not set aside a moment each year to highlight both the historical and present-day circumstances that impact women’s lives? If used properly, it could do some good. But the problem with international-anything-day is that the plights and progress of historically disenfranchised people vary
Ten years ago, the World Health Organisation issued a new definition of ‘pandemic’: a disease that infects a large number of people and spreads quickly across the world. These days, once the first of these criteria has been fulfilled, the second is generally just behind. Everything travels faster now: goods, services, diseases and — crucially
38 min listen
As the coronavirus sweeps across the globe, it’s causing businesses, consumers, and governments to rethink their globalised lives. Is this a tipping point for hyper-globalisation (1:00)? Plus, is the government slimming down its Budget plans (13:40)? And last, is it harder to be eco-friendly if you are a woman (26:35)?
On Monday, the Department for International Trade released its negotiating objectives for a UK-USA free trade agreement. The 184-page document explains in detail what the UK wants to get out of a trade deal with America. The British government will try to angle the talks, which begin this month, towards securing a comprehensive arrangement – that is,
15 min listen
It’s increasingly popular to say feminism can never be capitalist; no exceptions. Capitalism, by its nature, supposedly exploits women. But if feminism cannot be capitalist, how does one explain Katharine McCormick, the woman who single-handedly financed the development of the pill? McCormick was a committed feminist, a campaigner for women’s voting rights, and a signed-up
The post-election economic bounce appears to be more than a fluke. Positive news came in waves this week, as data for employment figures, weekly wages and economic activity painted a good picture for newly-Brexited Britain. People are in work and wages are finally back on track. Employment has hit a new record high (76.5 per
Could motorists be hit with the first fuel duty rise in ten years in this month’s Budget? According to the Sun, the PM’s chief advisor Dominic Cummings wants to use petrol and diesel as a revenue-raiser to fund big infrastructure projects outside the capital. But ending the fuel duty freeze after a decade might not be a good idea,
Sadiq Khan has ventured to Brussels today to meet with European Union negotiators. London’s mayor has a plan to convince EU officials to offer Brits ‘associate citizenship’ after the Brexit implementation period ends this year. The citizenship would grant Brits continued access to freedom of movement and residency within the EU, along with a possible
Plenty of questions were already circulating about next month’s Budget, even before Sajid Javid’s dramatic resignation as Chancellor – and Rishi Sunak’s appointment as his replacement – this morning. With this shock change in Number 11, we know even less than we did: what are Sunak’s policy plans? How involved will Number 10 be in
12 min listen
Earlier this month the philosopher and author Sir Roger Scruton passed away. In a series of tributes to his work and his character, many reflected on the contributions he made to his fields of expertise and society at large. Today in central London, one of his final contributions was revealed. The Building Better, Building Beautiful
