Michael Simmons is The Spectator's economics editor. Contact him here.
From our UK edition
Keir Starmer has just made his 13th u-turn since taking the No. 10 keys. The government, this evening, decided that the digital ID scheme would no longer be compulsory. The IDs were to be used to verify if job applicants had the right to work in the UK – something that is currently done using
From our UK edition
7 min listen
Reform UK may be leading in the polls on a mandate to hit net zero migration – but could this come sooner than Nigel Farage may think? Michael Simmons returns to Reality Check to explain what’s really going behind Britain’s migration figures.
7 min listen
Reform UK may be leading in the polls on a mandate to hit net zero migration – but could this come sooner than Nigel Farage may think? Michael Simmons returns to Reality Check to explain what’s really going behind Britain’s migration figures.
From our UK edition
11 min listen
Another year, another U-turn. We expect that the Labour government will be forced to climb down on forthcoming increases to the business rates bills faced by pubs in England. This comes after ferocious industry backlash, spearheaded by figures such as Tom Kerridge, who has been out in the media this week drawing attention to the
From our UK edition
35 min listen
A far cry from the ‘roaring twenties’ of the early 20th Century, the 2020s can be characterised as the ‘boring twenties’, argue Gus Carter and Rupert Hawksley in our new year edition of the Spectator. Record numbers of young people are out of work but even those with jobs face such a dire cost-of-living situation that they
From our UK edition
33 min listen
Michael Simmons reflects on some of the economic highs and lows of 2025.
From our UK edition
The Spectator’s Michael Simmons in conversation with Greg Jackson, CEO & Founder of Octopus Energy and non-executive member of the Cabinet Office Board.
From our UK edition
The Bank of England’s Monetary Policy Committee (MPC) has just voted to cut interest rates to 3.75 per cent and in doing so has delivered the Chancellor an early Christmas present. The five to four decision brings rates down to from the 4 per cent they’d been held at since August. The cut is the fourth this
From our UK edition
Unemployment has risen again. Figures released by the Office for National Statistics (ONS) show the UK’s unemployment rate rose to 5.1 per cent in October – the highest joblessness rate since 2021. Payrolled employment fell too by 38,000 in a single month, meaning 187,000 jobs have now been lost since last November, in a blow
From our UK edition
18 min listen
The Spectator heads into Christmas a little bit less Scottish as we bid farewell to our political correspondent Lucy Dunn. Before Lucy leaves for STV, she joins Coffee House Shots – with fellow Scots Michael Simmons and Labour MP Gordon McKee – for one final episode reflecting on the state of Scottish politics. They discuss
From our UK edition
Junior doctors, now known as resident doctors, will strike from December 17 to 22, which Wes Streeting has said will ‘wreck Christmas’. The doctors are demanding a 26 per cent salary rise over the next few years to make up for the erosion in their pay in real terms since 2008 – this is on
From our UK edition
The British economy is shrinking. Figures just released by the Office for National Statistics (ONS) show that GDP fell by 0.1 per cent in the three months to October. The contraction came after growth of 0.1 per cent in the three months to September. On a monthly basis the economy shrank by 0.1 per cent
From our UK edition
The NHS is facing a ‘worst-case scenario’ for flu this winter. That was the verdict of Professor Meghana Pandit, national medical director for the NHS, this morning as she warned the tsunami of ‘super-flu’ cases sweeping the UK is ‘unprecedented’. Worse still, the peak of this wave is ‘not in sight’. Her warning came as
From our UK edition
12 min listen
Kemi Badenoch’s good form continues at Prime Minister’s Questions. The Tory leader was once more visibly enjoying herself today as she feasted on Labour misfortune, and she did a good job in covering the breadth of problems in the government. She used her six questions to ask about different departments and how they were faring:
From our UK edition
40 min listen
In the wake of an extraordinary Budget – leaked an hour before the Chancellor addressed Parliament – The Spectator brings clarity to a turbulent political and take stock of how the announcements will impact you. Michael Simmons speaks with John Porteous of Charles Stanley and James Nation, formerly of the Treasury and No. 10, to
From our UK edition
10 min listen
The Chancellor laid our her plans to scrap the two-child benefit cap in the Budget last week. Previously Rachel Reeves and the Prime Minister were against lifting the cap, but pressure from Reform and the back benches meant the government u-turned. The Resolution Foundation has backed this policy, arguing that it will help lift children
From our UK edition
Keir Starmer and Rachel Reeves have gone into bunker mode. The pair – whose political fortunes are so tightly bound – have been forced all week to defend the Chancellor’s claims at last week’s Budget that there is a black hole in the country’s finances. Mendacity soon gave way to something closer to bewilderment. Neither
From our UK edition
16 min listen
With Budget week finally at an end, certain mysteries remain. Chief among them is why the Chancellor decided to give an emergency speech preparing the public for a rise in income tax. On 4 November, Rachel Reeves summoned journalists to Downing Street early in the morning to warn that ‘the productivity performance we inherited is
From our UK edition
Net migration has fallen to its lowest level in four years. Figures released this morning show that 204,000 more people arrived in the UK than left in the 12 months to June – a drop of more than two-thirds compared with the year before. The real story, though, is that inward migration remains close to
From our UK edition
As Budget days go, today was unprecedented. The complete list of measures announced by Rachel Reeves – along with their costings and economic impacts – was leaked by the Office for Budget Responsibility (OBR) an hour before the Chancellor took to her feet. The OBR apologised and called it a ‘technical error’. The headline is
