Katy Balls is The Spectator’s political editor.
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Two days ago, talk of a 90-day pause on Donald Trump’s ‘reciprocal tariffs’ was branded ‘fake news’ by the White House. But yesterday, the President confirmed a 90-day pause on the higher tariff rates on all countries apart from China. There is some confusion about whether this was The Donald’s plan from the start –
Since Donald Trump returned to the White House, Keir Starmer has struggled to set the agenda. The latest attempt came with the Spring Statement, but events soon overtook that when the US President announced his mass tariffs, which could derail Rachel Reeves’s spending plans. It is not yet 100 days into Trump’s secondterm, and ministers
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Trump’s levies have kicked in today: including an astonishing 102 per cent tariff on China – after it missed the deadline to withdraw its retaliatory tariffs – and 20 per cent on the European Union. The combination of these explosive tariffs has sent markets sliding once again. This follows a slight recovery in the markets
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The fallout from Trump’s tariffs continues. Last week, Donald Trump ended the free-trade era that has underpinned growth for decades (and potentially also heralded the end of globalisation). Markets around the world have taken a nosedive, prompting fears of a global recession. The only (brief) reprieve was when stock markets rallied because of a misunderstanding
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Katie Lam was elected as a new Conservative MP, for Weald of Kent, at the 2024 election. While studying at Cambridge she was president of the Cambridge Union and chairman of the Conservative Association, and she was later a special advisor – first under Boris Johnson in the business unit at Number 10, and then
How will the UK respond to Donald Trump’s ‘Liberation Day’? After the US President announced a batch of new tariffs yesterday, including a 10 per cent blanket levy on imports from the UK, ministers are discovering the pros and cons of the new normal. Supporters of Keir Starmer have taken comfort that the White House
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It’s the day after America ‘reclaimed it’s destiny’, or so Donald Trump says. The President announced a raft of ‘reciprocal’ new tariffs from the White House rose garden, including a 10% levy on the UK which – before it comes into effect on 5th April – the government hope to negotiate down. Other countries have
In Westminster, politics is often a zero-sum game. There is a winner and a loser. But this week, two politicians from opposing sides found themselves being praised for the same thing: the Sentencing Council climbdown. After a long standoff with the government, the independent body stalled plans to bring in new rules on sentencing criminals
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It’s World Tariff Day – or Liberation Day, depending on what you prefer to call it – but we won’t know for certain what levies Donald Trump will impose on the world until around 9 p.m. this evening. Sources are speculating that Trump still isn’t 100 per cent sure himself. But as the UK awaits
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Britain’s real economic pain starts today. Overnight, the cost of living has jumped once again: energy, water, broadband, public transport, TV licences – all up. So too are council tax bills, capital gains, and vehicle taxes. And that’s before we even get to the slow stealth march of fiscal drag and the impact of World
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This week will see ‘World Tariff Day’ – as those in Westminster are not-so-excitedly calling Wednesday – when Donald Trump will announce a wave of new tariffs. Trump is expected to reveal plans for reciprocal tariffs aimed at addressing what he sees as an ongoing trade imbalance between the US and other countries. He argues
Labour MPs are still reeling from last week’s Spring Statement in which the Chancellor slashed welfare spending and made further cuts in a bid to calm both the markets and the Office for Budget Responsibility (OBR). Yet this week could prove even more seismic when it comes to the state of the public finances. On
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Kim Leadbeater has been an MP since winning the Batley & Spen by-election for Labour in 2021. She was elected to the constituency that her sister, Jo Cox, had served until she was murdered during the 2016 Brexit referendum campaign. Having pursued a career in health and fitness, Kim hadn’t initially intended on a life in
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Join Katy Balls, Michael Gove, Lord Glasman, Lord Frost and pollster James Kanagasooriam as they unpack the highly anticipated Spring Statement and its implications for national policy and global security. Listen for: Michael’s plan for how to deal with the Donald, and why the Treasury is not fit for purpose; Maurice on his influence in
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It’s the morning after the afternoon before, and Rachel Reeves has just finished her broadcast round, where she has faced tough questions and negative splashes in the papers. The Daily Mail brands Reeves ‘deluded’, while the Daily Telegraph warns of ‘five years of record taxes’. The Guardian splashes with ‘Reeves accused of balancing books at expense of the poor’, while the Financial
Rachel Reeves wakes to a swathe of tricky front pages this morning after the Spring Statement in which the Office for Budgetary Responsibility (OBR) slashed next year’s growth forecasts. The Chancellor also announced extra welfare cuts in order to meet her fiscal rules. The verdict on the statement isn’t exactly positive, with Reeves facing criticism from
A few months ago, over a plate of bone marrow, a Tory adviser was considering how best to kneecap Labour. With the government’s working majority at 168, opposition debates could only go so far. Viral attack videos were hard to come by and CCHQ was depleted. Then the adviser hit upon something: a league table
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This afternoon, Rachel Reeves made good on her promise to deliver only one fiscal set piece per calendar year by announcing what is widely being considered a Budget… this precedes a spending review in the summer and an actual Budget in the autumn. The headline is that the Chancellor had to find £15 billion in
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Hard hats on for the Spring Statement tomorrow, where at around midday Rachel Reeves will deliver her fiscal update (read: significant fiscal set piece). Aside from not spooking the markets, the Chancellor will be hoping that she doesn’t spook those within her own party. There are rumours of discontent circling around Westminster about a potential
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Reports in the papers today say that the British government is considering scrapping its digital services tax – largely levied at American tech companies – in return for an exemption to Trump’s tariffs that come into effect on April 2. Would this be an effective – or desirable – move on the British part? James
