Katy Balls is The Spectator’s political editor.
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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
Rachel Reeves has spent the morning touring the broadcast studios as she attempts to pitch roll for Wednesday’s Spring Statement. While this was never meant to be a big fiscal event, it has taken on a new significance as a result of the worsening public finances. The Chancellor is looking for billions in savings with
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It’s been Kemi-takes-action week for the Conservatives, with the leader of the opposition trying to prove that she can – in fact – do policy. She launched a series of policy reviews, which will be delivered in a steady stream between now and conference, with a headline statement on Net Zero, declaring that Britain’s 2050 emissions target was
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Caroline Lucas was elected as the first ever MP for the Green Party and served as their leader three times. Having completed a PhD in English, worked for Oxfam, and been involved in local Green Party politics, she went on to serve in the European Parliament for a decade. In 2010, she was elected to
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The question that everyone in Westminster wants answered is what will actually be included in next week’s Spring Statement. Previously, the Spring Statement wasn’t looking like much to write home about – little more than an update. But with the economy taking a turn for the worse and her fiscal headroom narrowing, it has taken
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This afternoon we had Liz Kendall’s long-awaited address in the Commons on Labour’s plans for welfare reform. The prospect of £5 billion worth of cuts to welfare has split the party in two, with fears of a rebellion growing over the weekend and into this week. Her announcement was a mixed bag, including: restricting eligibility
Keir Starmer is gearing up for a showdown with his party as the Prime Minister prepares to unveil his welfare reforms. On Tuesday, Work and Pensions Secretary Liz Kendall will announce the details of the government’s plan to shake up the benefits system in a bid to reduce the ballooning welfare bill and get more
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Miatta Fahnbulleh was elected as the Labour MP for Peckham at the 2024 general election. Born in Liberia, her family fled west Africa as the region descended into civil war, eventually settling in north London when she was just 7 years old. Trained as an economist, having studied at Oxford and the LSE, she went
Labour MPs these days are experiencing whiplash. When in opposition, the party attacked the Tories’ proposed benefits cuts for ‘effectively turning on the poorest in our society’. Now, Keir Starmer plans to drive through £6 billion in welfare cuts of his own. Labour ministers previously spent much of their time scolding the government for showing
