Kate Andrews is economics editor of The Spectator
Joe Biden did not simply alter his chances at winning a second term last night. He altered his legacy. It will remain forever changed, regardless of the outcome in November. In 2020 Biden was chosen to be president – first by his party, then by the public – to take some toxicity and radicalism out
Is Rishi Sunak a ‘liar’? That was the powerful and rather incredible word used by Keir Starmer multiple times in Wednesday night’s debate – with Starmer interrupting the prime minister’s closing statement, no less – after Sunak used the Tory calculation that Labour would raise the average tax bill by £2,000. ‘Lies, liar’ Starmer pressed. It
Over the weekend, a leaked document revealed by the Guardian outlined different tax hikes the Labour party could impose, including changes to capital gains tax and inheritance tax. It’s evidence of what has long been suspected: that what’s been left out of the party’s manifesto (almost every tax) remains on the table. How might Labour justify
Rishi Sunak tends to avoid taking aim at his predecessor. But in last night’s BBC Question Time election special, as he was quizzed by the audience about the Conservative party’s record, he delivered a surprisingly punchy answer. When asked about the Tory party’s record, he talked about how he stood up to Liz Truss’s borrow-and-spend plans during
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Another allegation over betting with insider knowledge has transpired today, this time involving the Conservative candidate Laura Sanders, who is married to the party’s director of campaigns, Tony Lee. Lee has now taken a leave of absence as the Gambling Commission carries out an investigation. On the episode, Cindy Yu talks to Kate Andrews and
The Bank of England has, unsurprisingly, held interest rates at 5.25 per cent for the seventh time in a row. Markets downgraded their expectations for a June rate cut some time ago. Once Rishi Sunak called a general election in late May, the prospect of an early summer rate cut became even more unrealistic. The
Keir Starmer has promised not to raise taxes on ‘working people’. But who, exactly, is a working person? The definition, it turns out, is not so simple. Or rather, Starmer has particular characteristics in mind that might not line up with how others would interpret that phrase. Speaking on LBC yesterday, Starmer laid out his definition
After a three-year saga, inflation has finally returned to the Bank of England’s target. The Office for National Statistics reports this morning that the inflation rate slowed to 2 per cent in the 12 months to May 2024: its lowest point since July 2021. The greatest contribution came from another slowdown in food and non-alcoholic
Kate Andrews speaks to Michael Cannon, the director of health policy studies at the Cato Institute, to discuss how the US government prevents medical professionals and entrepreneurs from offering higher-quality, lower-cost care. Michael explains what policies can improve access to healthcare – both in America and Europe.
Is Trussonomics making a comeback? That’s the suggestion today, as Jeremy Hunt was recorded on the campaign trail telling students that Liz Truss’s goals for the economy were a ‘good thing to aim for’. As Chancellor, he said, he was ‘trying to basically achieve some of the same things’ as Truss, but ‘more gradually’ compared to the
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Keir Starmer launched Labour’s manifesto today, but how much did we actually learn about their plans for government? And with no rabbits pulled out of the proverbial hat, how do they plan to achieve growth? Kate Andrews and Starmer’s biographer Tom Baldwin joined Katy Balls to discuss. Tom also provided some insight into Angela Rayner’s
Keir Starmer has been promising ‘no surprises’ on tax in the Labour manifesto. At first glance, he has – technically – delivered on that. There is nothing new on tax in today’s manifesto: the hikes already announced were included, and the pledge not to raise income tax, National Insurance, VAT or corporation tax were there too. The
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Katy Balls and Kate Andrews speak to Natasha Feroze after the Battle for No.10 leadership interviews. The two leaders gave their pitch to a live audience and viewers at home. But who came out on top?
Keir Starmer looked baffled by tonight’s questions. Rishi Sunak looked resigned. Separating the two candidates – having them face Beth Rigby and the audience, rather than each other – led to far more defensive performances: Starmer on tax, and Sunak on the Tory record. Both spent the majority of the time looking deeply uncomfortable. Sunak
Ask any main political party how they plan to sustain public services in the medium-term, and their answer will be to grow the economy. Ask the Tories or Labour how they might be more generous in the future – able to offer up more tax cuts, or higher public sector pay settlements – their answer
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Conservatives hoping to turn their fortunes around with the publication of the party’s manifesto have been disappointed. The document contained little by way of surprises or rabbits, and despite Sunak’s pledge that the Conservatives are the party of tax cutting, the new costings show that the tax burden will continue to rise. Katy Balls talks
There are no big policy surprises in the Tory manifesto – not least because the major announcements on tax, immigration, welfare, housing and social care were all revealed before the document was published (James Heale has a helpful list here). As already reported, a fifth consecutive Conservative government would cut employee National Insurance by another 2p,
The launch of the Conservative manifesto later this morning will dominate today’s headlines. But it’s worth reflecting, before the full details are released, on how we ended up with an earlier-than-expected election. In addition to ministers’ fear that the small boats figures would rise this summer – and flights to Rwanda would be grounded –
Labour has a lot of reasons to be thankful for Nigel Farage. Reform was already creeping up on the Tories in the polls, even before the party’s honorary president announced this week that he would take up the role of leader and stand in Clacton. Now the polls are nearly neck-and-neck. The most recent YouGov survey –
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Last night, Rishi Sunak and Keir Starmer went head-to-head in the first TV debate of the campaign. They clashed on a variety of topics, including housing, the NHS, and immigration. But who came out on top? Katy Balls speaks to Kate Andrews and Isabel Hardman. Produced by Megan McElroy.
