Kate Andrews is deputy editor of The Spectator’s World edition.
From our UK edition
It’s no surprise that the bill for Covid-19 keeps racking up. The Office for Budget Responsibility’s latest forecast predicts borrowing will reach £355 billion for the financial year: decisions to extend furlough, boosting public sector spending and supporting businesses that have been closed for months at a time all come with a price tag attached. But that doesn’t
From our UK edition
Speaking to BBC Radio 4’s Today programme this morning, Andrew Bailey threw his support behind one of the more optimistic scenarios for a post-Covid economic recovery: that the UK will be back to pre-pandemic levels by the end of the year. The combination of the UK’s hugely successful vaccine rollout combined with increased levels of lockdown
From our UK edition
Last week The Spectator highlighted new data from the OECD that offers a weekly update comparing a country’s current GDP levels to the previous year. It continues to show the UK experiencing some of the highest levels of economic damage. If you factor in lockdown stringency, you can also make out a rough correlation between
From our UK edition
Last week Rishi Sunak presented his second Budget to the House of Commons. Today, three former Chancellors weighed in. Speaking at an online event hosted by the Institute for Government, Norman Lamont, Alistair Darling and George Osborne joined the Institute’s director Bronwen Maddox to discuss the state of the UK economy, and how their past
From our UK edition
23 min listen
This week’s episode features a reading of The Spectator’s leading article, on how devolution has created a democratic deficit in Scotland (00:50); our economics correspondent Kate Andrews on what keeps the Chancellor up at night (7:00); and Rod Liddle on the real cause of food poverty in the UK. (16:35).
From our UK edition
Lockdown has always been a matter of trade-offs. The impact of suppressing the economy to also suppress a deadly virus has had consequences on every aspect of life, from non-Covid health treatment, to rising unemployment, to the impact on children’s education. But these costs can be calculated in something much closer to real time. New data
From our UK edition
Rishi Sunak’s tax hikes pack a punch: by 2025, over £19bn is estimated to be raised from the freeze to the personal tax threshold, and a staggering £50bn from a new, tiered corporation tax structure. That’s a lot of people out of pocket, and businesses diverting their profits away from workers and consumers and towards
From our UK edition
41 min listen
Could a blip in inflation ruin the UK’s economic recovery? (00:50) Why is support for the IRA becoming normalised? (12:20) What makes a great diarist? (31:15) With The Spectator’s economics correspondent Kate Andrews; economist Julian Jessop; writer Jenny McCartney; politician Mairia Cahill; satirist Craig Brown; and historian, journalist and author Simon Heffer. Presented by Cindy
From our UK edition
At first, it seems to make no sense. Britain is in the middle of the worst economic crash in recorded history, with a Chancellor who is famously keen on low taxes, spending control and sound money. But Rishi Sunak this week presented a Budget that seems inspired, in parts, by Labour’s last manifesto. Debt surging
From our UK edition
14 min listen
Chancellor Rishi Sunak pledged a further £65bn in today’s budget, bringing the government’s total spending during coronavirus to more than £400bn. But aside from splurges on extending furlough and the Universal Credit uplift, and new ‘restart grants’ offered to ailing businesses, the first belt-tightening measures were announced. Income tax thresholds will be frozen, and cooperation
From our UK edition
For a man who has only delivered two Budgets, Rishi Sunak is no stranger to fiscal announcements. Last March’s £30bn spending splurge was just the start of hundreds of billions of pounds spent in the fight against Covid-19. Today Sunak pledged another £65bn: furlough and the Universal Credit uplift were both extended; incentive payments for businesses to take on
From our UK edition
16 min listen
In the first public appearance since Biden’s inauguration, Donald Trump has spoken to CPAC, the annual conservative conference. Freddy Gray reviews his speech with Kate Andrews.
From our UK edition
‘Do you miss me yet,’ Donald Trump asked the crowd in his opening remarks at the Conservative Political Action Conference this afternoon: the most important annual conference for the Republican party. The former president was given the keynote address at CPAC, with anticipation that he might have a big announcement to make about his future
From our UK edition
Rishi Sunak kept his Budget cards close to his chest this morning as he toured the studios for both BBC One’s The Andrew Marr show and Sky News’ Ridge on Sunday. The Chancellor batted away questions about spending and possible tax hikes, repeating over and over again that it’s only ‘appropriate’ to wait until the
From our UK edition
We already know much of what will be in Rishi Sunak’s Budget next week. Another £30bn for Covid-relief measures: furlough scheme into the summer, stamp duty holiday and the uplift in universal credit (which is also expected to be time-limited, despite pressure from the opposition to make a permanent adjustment). But this year’s spending splurges
From our UK edition
14 min listen
The Chancellor is expected to announce tax hikes in next week’s budget as he looks to bolster the public purse and reassure markets. With capital gains and cooperation tax in his sights, how will the decision go down with Tory MPs? Katy Balls speaks to James Forsyth and Kate Andrews.
From our UK edition
As the Prime Minister announced the details of his government’s ‘roadmap’ out of lockdown in the Commons on Monday, no doubt some will have been cheering on the announcements, which will allow them to keep their pre-planned parties or holidays scheduled in their diaries. But the timeline has painted a grim picture for business in the
Ask where Harris stands and the footwork begins
We should scrutinize the VP’s attempts to play down America’s vaccine success story
From our UK edition
15 min listen
Today’s speech from the Labour leader was billed to be ‘Beveridge-style’. On the podcast, Kate Andrews tells Katy Balls and James Forsyth why it was nothing of the sort, and they strategise what Starmer should have said.
