Kate Andrews is economics editor of The Spectator
The Bank of England has held interest rates at 5 per cent. This was the expected outcome of the Monetary Policy Committee’s latest meeting, which saw members vote 8-1 to maintain the base rate. Was it a mistake not to cut rates? The latest economic data appears to have persuaded the MPC to lean into their
11 min listen
We have some new inflation figures today. Inflation rose 2.2 per cent in the 12 months to August. This is pretty much in line with the Bank of England’s target and should be good news for Labour, so why do they persist with this doom and gloom narrative? Elsewhere, Labour’s awkward week has got more
Inflation was 2.2 per cent in the 12 months to August, unchanged from the month before, today’s update from the Office for National Statistics reveals. This is ever so slightly above the Bank of England’s target of 2 per cent, but it’s in the ballpark of where it’s supposed to be. And while the Bank
After 22 months of on-and-off strikes, junior doctors have voted to accept the government’s offer of a 22.3 per cent pay rise over the next two years. But this doesn’t mean the strikes have come to an end. Rather, the government seems to have secured itself only a brief pause from the walkouts, before the
23 min listen
As if there hadn’t been enough drama in America in 2024, Donald Trump has survived another assassination attempt. The attempted killing of the 45th president at his golf course in Palm Beach, Florida yesterday afternoon was not nearly as threatening or deadly as the shooting nine weeks ago in Butler, Pennsylvania – but questions remain
15 min listen
The Prime Minister has described the NHS as in ‘critical condition’ in a speech this morning after the release of Lord Darzi’s damning independent report. Lord Darzi had only nine weeks to conduct his investigation into –and assessment of – the National Health Service. But this truncated timeline does not appear to have led to
Lord Darzi had only nine weeks to conduct his investigation into and assessment of the National Health Service. But this truncated timeline does not appear to have led to any watering down of his verdict, published in a report today. The independent peer has delivered a damning diagnosis of the state of the NHS, which
There was no economic growth in July, according to the Office for National Statistics. The latest GDP figures show that a boost in services output – 0.1 per cent – was offset by a tumble in production and construction output – 0.8 per cent and 0.4 per cent, respectively – leading to no overall growth
14 min listen
Last night saw the first Trump vs Harris debate and the consensus seems to be that Harris came out on top. She managed to avoid sticky issues about her political past and goaded Trump into some rambling and – at times – outrageous remarks. What did we learn? Also today, we have had new figures
‘So I think you’ve heard tonight two very different visions for our country,’ Vice President Kamala Harris insisted in her closing remarks at last night’s presidential debate. Viewers, I suspect, may disagree. This was not a debate where we learned anything new. There was no great ‘vision’ put forward by Harris or Donald Trump. Public
The UK still looks set to get another interest rate cut (or two) by the end of the year, but is that now the main indicator of a healthy labour market? This morning’s update from the Office for National Statistics shows average wage growth slowed to 4 per cent in the three months leading up
47 min listen
Join Fraser Nelson, Katy Balls and Kate Andrews, along with special guest Jonathan Ashworth, for a live edition of Coffee House Shots recorded earlier this week. They dissect the first few weeks of the new Labour government and look ahead to the policies autumn, and the budget, might bring. Having surprisingly lost his seat at the election,
Labour may not have been forthcoming about most of their tax and spend plans during the election. But on one topic the party was crystal clear: a Labour government would beef up the nanny state. Politicians weren’t shy about this. It was Wes Streeting’s idea to adopt New Zealand’s (now abandoned) plans for a generational
19 min listen
Keir Starmer has confirmed that the government is looking at plans to revive Sunak’s smoking ban legislation. They may go even further – reports suggest they will seek to extend the current indoor ban for hospitality venues, to outdoor places such as pub gardens. What’s the rationale behind this, and where could it lead? How
36 min listen
This week: All hail Harris! As the Democratic National Convention approaches its climax, The Spectator’s deputy editor Freddy Gray explores vice president Kamala Harris’s remarkable rise to the top of the democratic ticket in his cover article this week. Freddy joins the podcast from Chicago (1:30). Next: live from the DNC. Freddy and Natasha Feroze, The Spectator’s deputy
Can you tell the difference between an extreme misogynist and a moderate misogynist? Hating women has always seemed, to me anyway, a rather extreme position on its own. The label ‘extreme misogynist’ is surely repetitive. A moderate misogynist is an oxymoron. But then the Home Office announced this week that ‘extreme misogyny’ could be added
11 min listen
The broader story this morning paints a positive picture for the UK economy. While growth in June took a pause, growth in Q2 for this year is estimated to be 0.6 per cent, roughly in line with what markets were predicting, as forecasts for UK growth have been repeatedly revised upwards since the start of
The UK economy flatlined in June, as uncertainty over the general election and industrial action took their toll on economic growth. It wasn’t expected to be a strong month for the economy, with markets forecasting very little GDP growth, if any. But the small dip in services output – a fall of 0.1 per cent,
11 min listen
We’ve got some news today on the inflation rate, which rose to 2.2 per cent in July, slightly up from the Bank of England’s target of 2 per cent, where the rate sat in May and June. It’s the first rate uptick this year – and though widely expected, it will be used to explain
The inflation rate rose to 2.2 per cent in July, slightly up from the Bank of England’s target of 2 per cent, where the rate sat in May and June. It’s the first rate uptick this year – and though widely expected, it will be used to explain why the Bank’s continued hawkish stance, despite starting