Rupert Harrison is an economist and was George Osborne’s chief of staff when he was chancellor
43 min listen
This week: why is economic growth eluding Labour? ‘Growing pains’ declares The Spectator’s cover image this week, as our political editor Katy Balls, our new economics editor Michael Simmons, and George Osborne’s former chief of staff Rupert Harrison analyse the fiscal problems facing the Chancellor. ‘Dominic Cummings may have left Whitehall,’ write Katy and Michael,
Next Wednesday Rachel Reeves will stand up in the House of Commons to deliver what she is calling her ‘spring forecast’. As so often with political language, everyone in Westminster knows it is no such thing, just as there was nothing ‘mini’ about Kwasi Kwarteng’s Budget of September 2022. The ‘spring forecast’ will be an
12 min listen
It’s Davos day two, and Rachel Reeves has touched down in Switzerland to continue her hunt for growth. On the agenda today was a fireside chat with the Business Secretary on ‘The Year Ahead for the UK’, and she will also be attending a series of meetings with business leaders. The party line is that
52 min listen
This week: the Chancellor’s Budget dilemma. ‘As a former championship chess player, Rachel Reeves must know that the first few moves can be some of the most important of the game,’ writes Rupert Harrison – former chief of staff to George Osborne – for the cover of the magazine this week. But, he says, the
As a championship chess player, Rachel Reeves must know that the first few moves can be some of the most important of the game. In preparing her Budget, she appears to be starting her tenure as Chancellor from a position of strength. Her background in the Bank of England gives her institutional credibility, and the
Olly Robbins will be trying to avoid the Prime Minister today after his hurricane strength gaffe was splashed all over the newspaper front pages. He deserves a fair share of the criticism that has come his way, but I’m sure most of us have mouthed off a little too loudly in the pub after a
Today’s budget forecasts a £20bn reduction in the tax receipts by 2021-22. That’s the cost of the productivity downgrade: The Treasury got a £9bn windfall this year from a lower borrowing forecast. That’s the same as the £9bn peak fiscal loosening in 2019-20: The £14bn higher borrowing by the end of the period is roughly
