Katy Balls

Kirsty Wark has worked for the BBC for almost 50 years and is one of the UK’s most recognisable broadcasters. In 1976 she joined BBC Radio Scotland as a graduate researcher. Having produced and presented several shows across radio including The World At One and PM, she switched to television, and went on to present shows such as Breakfast Timeand The Late Show. However, she is best known for presenting BBC Newsnight for over 30 years, which saw her interview key political and cultural leaders. Having stood down after the 2024 election, she now presents Front Row, The Reunion, and documentaries like Icons of Style.

Katy Balls joins Coffee House Shots for the last time as the Spectator’s political editor. Having joined the magazine ten years ago – or six prime ministers in Downing St years – what are her reflections on British politics? Katy’s lobby lunch partner from the Financial Times Stephen Bush joins Katy and Patrick Gibbons to try and make sense of a turbulent political decade, work out where the greatest risk is to the current Labour government, and attempt to make some predictions for the next ten years.  Produced by Patrick Gibbons.

Michael Gove and Katy Balls join James Heale to discuss their interview with the Health Secretary Wes Streeting included in this week’s special Easter edition of The Spectator. Michael identifies three key reasons why Streeting’s fate is key to the success of the government: immigration, the cost-of-living crisis and faith in the NHS. Seen as the ‘golden child’ of Number 10, Streeting has as many supporters in the Labour party as he has detractors – but his Blairite-coded image could help him take the fight to Reform.  Also on the podcast, Michael, Katy and James discuss Nigel Farage’s progress in the local election campaign.

Finally, some good news for your Friday: the economy is growing! Just when everyone seems to be revising down expectations of growth, the Office for National Statistics (ONS) estimates that GDP grew by 0.5 per cent in February. It also revised January’s figures upwards to give growth for the last quarter of 0.6 per cent, and annual growth of 1.4 per cent. It looks – for now – that the Reeves recession has been put on hold and that Labour's growth agenda could be working. That said, Labour cannot afford to celebrate just yet. There is reason to believe the figures could be overstated, and there are some trust issues with the ONS – the government last week announced a review of its ‘performance and culture’.

Two days ago, talk of a 90-day pause on Donald Trump’s ‘reciprocal tariffs’ was branded ‘fake news’ by the White House. But yesterday, the President confirmed a 90-day pause on the higher tariff rates on all countries apart from China. There is some confusion about whether this was The Donald's plan from the start – although the safe assumption is that it wasn't, and that someone senior in the White House sat him down and explained the market chaos he has caused. Is this 'the art of the deal’? Regarding China, the President wrote: ‘Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125 per cent, effective immediately.

Trump’s levies have kicked in today: including an astonishing 102 per cent tariff on China – after it missed the deadline to withdraw its retaliatory tariffs – and 20 per cent on the European Union. The combination of these explosive tariffs has sent markets sliding once again. This follows a slight recovery in the markets yesterday after suggestions by some in the Trump administration that they may be willing to negotiate the tariffs down. In the UK, the economic uncertainty has ‘turbocharged’ plans which have been whispered around Westminster for some time, including nationalising the British steel industry. Attention has also turned towards a trade deal with the US, and the complexion that might take in a post-tariff landscape and in the context of the EU reset.

The fallout from Trump’s tariffs continues. Last week, Donald Trump ended the free-trade era that has underpinned growth for decades (and potentially also heralded the end of globalisation). Markets around the world have taken a nosedive, prompting fears of a global recession. The only (brief) reprieve was when stock markets rallied because of a misunderstanding regarding comments made by Trump’s economic adviser. Once these had been clarified, the Nasdaq dipped once again. Republicans are starting to turn on Trump – including Elon Musk, who has been sending out some coded tweets. The strength of the reaction from the markets has drawn comparisons between Trump and Liz Truss, whose mini-Budget spooked the markets so comprehensively that she had to backtrack after just ten days.

Katie Lam was elected as a new Conservative MP, for Weald of Kent, at the 2024 election. While studying at Cambridge she was president of the Cambridge Union and chairman of the Conservative Association, and she was later a special advisor – first under Boris Johnson in the business unit at Number 10, and then later working on counterterrorism with Suella Braverman. In between university and politics, she worked at Goldman Sachs and at AI-specialists Faculty, and she is also an accomplished lyricist and scriptwriter having co-written five musicals. She was appointed a Tory assistant whip last year when Kemi Badenoch took over as leader.