Kate Andrews

Kate Andrews

Kate Andrews is deputy editor of The Spectator’s World edition.

Thursday

Kate Andrews

The Bank of England finally cuts interest rates

From our UK edition

The Bank of England has just announced a rate cut of 0.25 percentage points, reducing the base rate from 5.25 per cent to 5 per cent. The tight decision – voted 5-4 by the Monetary Policy Committee – is the first reduction in rates since March 2020. It starts what is likely to be a slow and steady process of reducing the base rate, and marks the end of the inflation crisis, which saw Threadneedle Street hike rates from the floor to a 16-year high over the course of twenty months. Financial markets were cautiously expecting a rate cut, but the decision was thought to be on a knife-edge. It turns out it was: the rate cut is small and the decision was close, with four members of the MPC voting to maintain the base rate.

Kate Andrews

Who’ll be blamed for Rachel Reeves’s tax hikes?

From our UK edition

Rishi Sunak and Jeremy Hunt entered Downing Street with one mission: to clean up the public finances after Liz Truss’s mini-Budget debacle. They posed as the fiscally credible option. All bills would need to be covered, even if the tax burden had to rise. If the Tories were to lose power for being disciplined and truthful, then so be it. Reeves would like to pin any rise on the Conservatives: an extension of ‘Tory austerity’ rather than her own Rachel Reeves has sought to demolish their responsible reputation in her first weeks as Chancellor by announcing that she has discovered a £21.9 billion ‘black hole’ in the public finances this year.

Tuesday

Kate Andrews

Winter for boomers

From our UK edition

-18 min listen

Rachel Reeves wakes to mixed headlines today after she announced a range of spending cuts to part fill a £22 billion ‘shortfall’ in public spending for this year alone.  The most controversial move by Reeves on Monday was her decision to axe the winter fuel benefit for pensioners not eligible for benefits. That saves £1.5 billion but has already been blasted by Martin Lewis and Age UK as a blunt measure that will hurt those on modest pensions who struggle to make ends meet.  Is there more hard medicine to come? Katy Balls speaks to Kate Andrews and John McTernan, former political secretary to Tony Blair.

Monday

Kate Andrews

How will Labour fill the surprise £20bn ‘black hole’?

From our UK edition

15 min listen

The Chancellor Rachel Reeves has today been providing covering fire for a raft of unpopular policies, including changes to the winter fuel allowance and cancellations to various building projects. She gave a damning statement in the Commons earlier this afternoon about the economic situation that Labour have inherited from the Tories. We now know that the first budget will come at the end of October. Is she laying the foundations for more unpopular decisions? Is the Starmer honeymoon over?  Oscar Edmondson speaks to Katy Balls and Kate Andrews.  Produced by Oscar Edmondson.

Kate Andrews

Rachel Reeves paves the way for spending cuts and tax hikes

From our UK edition

Rachel Reeves has just announced a series of spending cuts in the House of Commons. These were ‘incredibly tough choices’, she said, to account for the £20 billion surprise ‘black hole’ left behind by the Tory government.  Her announcement means £5.5 billion of immediate, in-year cuts. These include some projects that were tipped to be axed, including the Rwanda scheme, and a review of rail projects (which will include discarding the ‘Restoring Our Railways’ programme). But the big surprise was the decision to withdraw the winter fuel allowance for pensioners who are ‘not in receipt of pension credit or certain other means tested benefits’ from this winter onwards. It’s an estimated saving of £1.5 billion.

Friday

Kate Andrews

Labour’s ‘£20 billion black hole’ strategy

From our UK edition

17 min listen

The Chancellor Rachel Reeves is expected to give a statement to Parliament on Monday outlining the state of public finances, including a '£20 billion black hole'. James Heale talks to Katy Balls and Kate Andrews about the strategy behind this: will this speech lay the ground work for the Autumn budget? How new are these economic issues? And, with the Conservatives embarking on a long leadership election, will Labour have a free rein for their plans?  Produced by Patrick Gibbons.

Kate Andrews

There is nothing new about the £20bn ‘black hole’

From our UK edition

Labour’s pro-growth reforms were fun while they lasted. Now here come the tax rises. That’s not quite how Rachel Reeves will convey the findings of the Treasury audit she plans to announce on Monday – but hikes are probably going to be the next step in filling in what the Chancellor will claim is a £20 billion hole in the public finances.  This multi-billion pound ‘discovery’ is the latest addition to Labour’s narrative, which has been building since before the election. The party wants to claim that when it discovers what’s really been going on inside government, its fiscal decisions will become even more difficult – and this could include some painful (but necessary) tax rises.

Thursday

Kate Andrews

The curious rise of Kamala Harris

From our UK edition

48 min listen

This week: Kamala takes charge. Our cover piece discusses the rise of Kamala Harris, who has only one man standing in her way to the most powerful position in the world. Her's is certainly an unexpected ascent, given Harris’ generally poor public-speaking performances and mixed bag of radical left and right-wing politics. Does she really have what it takes to defeat Trump? Kate Andrews, author of the piece and economics editor at The Spectator, joins the podcast with deputy editor Freddy Gray to discuss. (02:34) Next: Will and Lara go through some of their favourite pieces from the magazine including Damian Thompson's article on how the upcoming Hollywood film Conclave may be mirroring real-life events at the Vatican. Then: Olympics on steroids.

Kate Andrews

The curious rise of Kamala Harris

From our UK edition

I’m struck just in your presence,’ a news anchor gushed to Kamala Harris in January. The Vice President beamed, nodding for her interviewer to continue. ‘You hear candidates suggesting that a vote for President Biden, because of his age, is a vote for you.’ The reporter paused: ‘And that is hurled as an insult.’ Harris explained that this is the price women pay for professional success – in her case, rising from first female attorney general in California to state senator to Vice President of the United States. ‘I love my job,’ Harris concluded, wrapping up the kind of hard-hitting interview the media tends to throw her way. Insult or not, the suggestion that a vote for Biden was a vote for Harris turned out to be true.

Monday

Kate Andrews

Did Kamala Harris just snub Barack Obama?

From our UK edition

Kamala Harris just delivered her first public remarks since the Democratic ticket fell apart over the weekend. But this was not the moment to address the mess, or indeed her own candidacy for president – two subjects she avoided. Filling in for Joe Biden at a ceremony honouring the National Collegiate Athletic Association championship teams, Harris kept her remarks short. Standing outside the White House, she used her comments to lavish praise upon her boss, calling Biden’s record ‘unmatched in modern history’. (‘Yes, you may clap’ she encouraged, which led to a rather soft round of applause). It was quite the statement, which was as long (perhaps slightly longer) than the praise she would then dish out for the NCAA champions.

Kate Andrews

Biden backs out: can anything stop Kamala Harris?

From our UK edition

19 min listen

What happens after Joe Biden? The President has announced that he won’t run for re-election. Biden has endorsed Kamala Harris, his Vice President, to be the new Democratic nominee. Can she convince Democratic voters, and the rest of the US? The Spectator’s Freddy Gray and Kate Andrews are joined by Tim Stanley, columnist for the Telegraph. This episode was originally broadcast on SpectatorTV.

Sunday

Kate Andrews

Will Reeves boost public sector pay?

From our UK edition

As the dust around the election settles, a question Tory MPs and supporters still grapple with is why Rishi Sunak called the election when he did – not least because economic indicators point to improvements over the summer and autumn, as inflation returns to target and growth starts to pick up. But Rachel Reeves, the new Chancellor, is having none of this narrative. ‘I really don’t buy this idea that somehow we’ve been handed a golden inheritance,’ she told Laura Kuenssberg on the BBC this morning, in her first sit-down interview since she entered No. 11. ‘If the former prime minister and chancellor had thought things were so good, they would have allowed the election to take place in the autumn.

Saturday

Kate Andrews

What is going on with Joe Biden?

From our UK edition

11 min listen

This week, Joe Biden has faced further calls to step down from some of the most senior characters in the Democratic party. The President is currently isolating having tested positive for Covid, but remains defiant that he has no intention of giving up yet. Natasha Feroze speaks to Kate Andrews and Freddy Gray about whether the party can get rid of Biden, and discuss what the JD Vance-Trump economic policies could look like.

Kate Andrews

Kate Andrews, Adam Frank, David Hempleman-Adams, Svitlana Morenets and Michael Beloff

From our UK edition

40 min listen

On this week’s Spectator Out Loud: Kate Andrews argues vice-presidential nominee J.D. Vance is more MAGA than Trump (1:27); Adam Frank explains how super-earths could help us understand what life might look like on another planet (5:15); David Hempleman-Adams recounts his attempt to cross the Atlantic on a hydrogen ballon (14:31); from Ukraine, Svitlana Morenets reports on the battle to save Kharkiv (20:44); and, Michael Beloff takes us on a history of the Olympics (30:12).  Presented by Patrick Gibbons.

Thursday

Kate Andrews

Why Trump forgave J.D. Vance

From our UK edition

It shows a remarkable level of confidence from Donald Trump that he’s chosen for his running-mate the man who once called him ‘America’s Hitler’. J.D. Vance, the 39-year-old junior senator from Ohio, made the private comment in 2016, as he rose to fame off the back of his autobiography Hillbilly Elegy. The book recounts what it was like to grow up in a deprived rust-belt town, where his family and neighbours had ‘no college degree’ and ‘poverty’s the family tradition’. Vance escaped by joining the US Marine Corps, which included a tour in Iraq.

Wednesday

Kate Andrews

The Tories must share the blame for Labour’s illiberal smoking ban

From our UK edition

When Rishi Sunak called a summer election, the Tobacco and Vapes Bill didn’t make the pile of ‘wash up’ legislation to be rushed through Parliament. His plans for a generational smoking ban, and a crackdown on vapes, were paused. But this was never going to be more than a brief delay. Labour has used the King’s Speech today to confirm that it will see Sunak’s smoking ban through. Or rather, the party might argue that it’s reclaiming the idea. It was Labour, after all, that floated the policy before the Tories adopted it at their party conference last year.

Kate Andrews

Don’t blame Taylor Swift for stubborn inflation

From our UK edition

The UK’s inflation rate is comfortably back to target: inflation held at 2 per cent in the 12 months leading up to June, the Office for National Statistics confirmed this morning. This rate is unchanged from last month. Yet this morning’s news is stirring up doubts that the Bank of England will go for its first rate cut in August. This is because, while the headline rate is back to the Bank’s target, the services annual rate remains sticky, unchanged from 5.7 per cent. Big reductions in clothing and footwear – which slowed to 1.6 per cent in the year to June, down from 3 per cent in the year to May – were offset by fairly large increases in other sectors. Restaurants and hotels rose to 6.3 per cent in the year to June, up from 5.8 per cent to May.

Tuesday

Kate Andrews

Britain’s economy is growing faster, but not fast enough

From our UK edition

Another day, another small piece of good economic news. Today the International Monetary Fund has produced its World Outlook report for July, which revises UK growth for 2024 upwards, from 0.5 per cent to 0.7 per cent. This news follows on from last week’s monthly GDP update, which showed growth in May at 0.4 per cent – notably above economists’ predictions.  These are still not numbers to boast about. The IMF’s revision is still slightly below the 0.8 per cent the Office for Budget Responsibility predicted at the last Budget. But it shows the IMF’s downgrade for 2024 growth in April was too negative (it held its 2025 forecast for the UK at 1.5 per cent). The UK economy is slowly moving in the right direction.

Monday

Kate Andrews

How Westminster reacted to the Trump assassination attempt

From our UK edition

12 min listen

It’s two days after the failed assassination attempt on Donald Trump and we thought we would use this podcast to discuss some of the reaction from Westminster and look at how this latest example of political violence will impact our own politics here in the UK. Oscar Edmondson speaks to Kate Andrews and James Heale, who joins us from Milwaukee where he is reporting on the Republican National Convention.  Produced by Oscar Edmondson.

Sunday

Kate Andrews

Coffee House Shots live: election aftermath

From our UK edition

59 min listen

Join Fraser Nelson, Katy Balls and Kate Andrews, along with special guest Sir Jacob Rees-Mogg, for a live edition of Coffee House Shots recorded earlier this week. A week on from Sir Jacob losing his seat, he declares 'I can speak freely now'. So, why does he think the Conservatives lost the election? The team also answer a range of audience questions, including: how will the Conservatives win voters back? Is Nigel Farage here to stay? And what's their verdict on Labour's first week? Produced by Patrick Gibbons and Megan McElroy.