Kate Andrews is deputy editor of The Spectator’s World edition.
The Bank of England has announced its rate cut of 0.25 percentage points, reducing the base rate from 5 per cent to 4.75 per cent. The decision, voted 8-1 by the Monetary Policy Committee, is the second rate cut to be announced by Threadneedle Street since the inflation crisis began. Markets were expecting a rate
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News that Kamala Harris has called Donald Trump to concede defeat means that the US election is all but over. Of the seven crucial swing states, Trump has so far won North Carolina, Georgia, Pennsylvania, Wisconsin, and Michigan. Republicans have taken the Senate back from the Democrats. How did things go so badly for Kamala
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Donald Trump has won the election and will be 47th President of the United States after winning the key battleground states of Pennsylvania, North Carolina and Georgia. ‘America has given us an unprecedented and powerful mandate,’ the Republican candidate told supporters. ‘This is a magnificent victory for the American people, that will allow us to
In the run-up to the US election, it was expected that the count could take days, possibly a week. Now, it looks like the 2024 election will be decided in a matter of hours. Swing states North Carolina and Georgia have been called for Donald Trump. Fox News reports that the most crucial swing state
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Results are coming in across the United States, and the early signs (though it is still very early) look good for Donald Trump. At the time of recording, the betting markets are with him and the famous New York Times ‘Needle’ has swung to a ‘likely’ Trump victory. It is still much too early to
In retrospect, it’s easy to justify any election outcome. This election won’t be any different. In fact, it will be easier than ever to explain the result. He hadn’t won an election since 2016. He ran a campaign of fear and division. Between elections, he was convicted of 34 felonies. He picked a Vice Presidential
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Last night, Donald Trump appeared for what will be his last-ever presidential campaign rally, for a crowd of about 12,000 in Grand Rapids, Michigan. He stuck with tradition and ran through many of his greatest hits – dishing out insults, talking about his scrape with death, and dancing to ‘YMCA’. But he did also hammer
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As the 2024 US election goes into the final day, a poll giving Kamala Harris a lead in the historically Republican state of Iowa has bolstered the Democrats. Is momentum really with her? And what appears to be the most important issue to voters – the economy, or abortion rights? Guest host Kate Andrews speaks
Credit to Rachel Reeves: while some chancellors opt to take part in the Sunday shows ahead of a fiscal event, the Chancellor has decided to do the media round the Sunday after her first Budget. Rather than spending the entire interview refusing to say what will be announced in the week ahead (the information is
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With just days to go until the American election, Kamala Harris and Donald Trump’s respective campaigns continue to ramp up, with rallies and gimmicks, and even advertising on the Las Vegas Sphere. Despite this, Spectator contributor Lionel Shriver declares she is America’s ‘last undecided voter’. Why? Is it the candidates’ characters that put her off
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The fallout from Labour’s Budget continues. On the media round this morning, Darren Jones, Chief Secretary to the Treasury, admitted that it will hit working people, and the cost of government borrowing has only risen since Rachel Reeves delivered her speech to Parliament. Katy Balls, Kate Andrews and James Heale take us through the reaction
After the Office for Budget Responsibility’s assessment of the Budget was published on Wednesday, the cost of government borrowing started to rise. Yesterday, those costs hit their highest levels this year, with the 10-year gilt yield peaking just over 4.5 per cent and the five-year gilt yield exceeding 4.4 per cent, before settling slightly by
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This week: Team Trump – who’s in, and who’s out? To understand Trumpworld you need to appreciate it’s a family affair, writes Freddy Gray in the magazine this week. For instance, it was 18-year-old Barron Trump who persuaded his father to do a series of long ‘bro-casts’ with online male influencers such as Joe Rogan.
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As we get closer to the US election, Kate Andrews, The Spectator’s economics editor, joins Freddy Gray to host Americano. On this episode, she speaks to Megan McArdle, columnist at the Washington Post. They discuss why Donald Trump and Kamala Harris aren’t campaigning in swing states, and why it’s so difficult to predict the election
The more investors dig into Labour’s first Budget, the less they seem to like it. After the Office for Budget Responsibility published its assessment of the Chancellor’s measures yesterday afternoon, some immediate (and expected) volatility set in. But rather than settling down, market jitters seem to have worsened today, as a gilt sell-off saw government
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Kate Andrews is joined by Katy Balls and the OBR’s Prof David Miles to discuss the day two reactions to Rachel Reeves’s Budget. Who were the losers, and is it too early to say who the winners are? Produced by Patrick Gibbons and Cindy Yu.
‘Judge us by whether, in five years’ time, you have more money in your pocket,’ Keir Starmer told the Mirror earlier this week. This comment came ahead of his speech in the West Midlands, which was designed to prepare the country (and markets) for the Budget. ‘Everyone can wake up on Thursday and understand that a new
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Rachel Reeves has announced that taxes will rise by £40 billion in Labour’s first Budget for 14 years. The headlines include: an increase in employers’ National Insurance contributions from April to 15 per cent, raising £25 billion; that the freeze on income tax and National Insurance thresholds will not be extended past 2028; that the
Rachel Reeves didn’t want to surprise anyone with this Budget. She didn’t want to shock the markets, nor did she want any accusation that she had played fast and loose with the public finances. So by the time the Chancellor stood up in the Commons today, the bulk of her big decisions were already public
We won’t have to speculate about the details of the Labour’s first Budget much longer. But one tradition as old as time has been confirmed by the Treasury: the National Health Service is getting more cash. ‘Our NHS is the lifeblood of Britain,’ the Chancellor Rachel Reeves has said ahead of unveiling her full Budget
