Katy Balls is The Spectator’s former political editor.
From our UK edition
13 min listen
'Profit is not a dirty word', Liz Truss said at last night's leadership hustings. The Foreign Secretary has made clear that she would prefer to cut taxes than take money from energy firms and give it directly to struggling Brits. But, if Truss makes it into No. 10, could she really reverse the windfall tax?Isabel Hardman speaks to James Forsyth and Katy Balls.Produced by Max Jeffery.
From our UK edition
12 min listen
The Tory contenders are expected to announce their own measures to protect households and businesses from the energy crisis. Why has it taken this long? Labour too, is yet to reveal a strategy. Will they leave the Tories to fight amongst themselves?Also on the podcast, Nicola Sturgeon has made a comeback at Liz Truss who earlier in the month called the Scottish leader an attention seeker. At the Edinburgh fringe festival, she told the audience that Liz Truss once asked her how to be featured in Vogue. So who is the real attention seeker now? And will they ever see eye-to-eye if Truss gets into No.10?Isabel Hardman speaks to Katy Balls and James Forsyth.Produced by Natasha Feroze.
From our UK edition
Is the government about to toughen up its windfall tax? That's the talk in Westminster today as Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng meet energy company executives to discuss measures to tackle the rising cost of living. The government is reported to be looking to strengthen the 25 per cent levy on the industry's record-breaking profits announced in May. A Treasury source tells the Sun newspaper: 'If you look back at what these firms were projected to make and what they actually brought in, it was beyond their wildest expectations. We are looking at options to go further and faster on those profits.
From our UK edition
Liz Truss’s plans for an emergency tax-cutting budget would amount to an ‘electoral suicide note’. This is the latest claim from the Sunak camp – with key supporter Dominic Raab writing a piece for the Times in which he argues that the frontrunner is wrong to prioritise ‘limited tax cuts that do little for the most vulnerable’. The row over how to best tackle the cost-of-living crisis is quickly becoming the dividing line of the contest. The Sunak camp was quick to seize on the Foreign Secretary’s comments over the weekend to the Financial Times suggesting that she will proceed ‘in a Conservative way of lowering the tax burden, not giving out handouts’.
From our UK edition
14 min listen
Rishi Sunak and Liz Truss head to the Red Wall for hustings in Darlington this evening. Meanwhile, new figures released by Cornwall Insight on the extent of the energy price cap make for grim reading. Will Labour respond with their own package?Also on the podcast, as countries look to ensure domestic energy supply, What could this mean for the UK, as a net importer of energy?'In a crisis, borders want to reassert themselves. Any country is going to prioritise preventing black-outs over exporting power' - James ForsythFinally, it’s results day in Scotland, how do they compare to previous years? Katy Balls speaks to James Forsyth and Isabel Hardman. Produced by Natasha Feroze and Oscar Edmondson.
From our UK edition
14 min listen
As the leadership contest refocuses on the economy, Katy and James discuss each camp's plan to deal with the cost of living crisis. Are both candidates being pushed towards the centre ground? Also, looking ahead to winter, does the UK have enough energy in storage to keep the lights on, and what is being done to prepare the NHS? Cindy Yu speaks to James Forsyth and Katy Balls.
From our UK edition
The dire economic warnings from the Bank of England of a 15-month recession with inflation hitting more than 13 per cent look set to dominate the Tory leadership contest. With four weeks left of the campaign (but with ballots already out), the focus has returned to the differences between Rishi Sunak and Liz Truss's approaches to the economy. It's the territory that Sunak feels the most confident on and where his campaign hope to make up lost ground.
From our UK edition
10 min listen
Katy Balls talks to James Forsyth and Isabel Hardman about the challenges facing the incoming Prime Minister, not least the dire forecast from the Bank of England predicting recession for 2023.
From our UK edition
21 min listen
On this week's episode: Katy Balls has written about what foreign policy would look like under a Liz Truss government (0:34). Rachel Johnson young boys and men can learn from the Lioness’s victory (06:50) and Neil Clark writes about Jim Corbett’s tiger hunting stories (12.34). Presented and produced by Natasha Feroze.
From our UK edition
13 min listen
The Bank of England's announcement to raise interest rates comes as the UK is predicted to fall into recession this year – with the lowest downturn expected since 2008. Are Rishi Sunak or Liz Truss ready for what's ahead?The two candidates went head-to-head once again last night in the Sky News studios. This time, the audience, made up of Conservative party members, grilled contenders and Kay Burley followed with some hard-hitting questions. By the end, most of the audience were persuaded by Rishi. Could the tide be turning?Katy Balls speaks to James Forysth.Produced by Natasha Feroze.
From our UK edition
Rishi Sunak gained a boost from last night's Sky News's head-to-head. Despite a difficult week in which Truss has extended her poll lead, the former chancellor succeeded in winning over a majority of the live studio audience of undecided Tory members after battling questions on the economy and whether he had stabbed Boris Johnson in the back. Had this been one of the first debates, it could even be viewed as a moment that could move the dial. But given all the polling suggests Sunak has a mountain to climb to beat Liz Truss – and the ballots drop this week – it's unlikely one media performance is enough to turn the tide. https://www.youtube.com/watch?
From our UK edition
12 min listen
The Bank of England raised its rates by another half per cent today, as it warned that inflation will peak at 13 per cent by the end of this year. The question about the Bank of England's effectiveness arises again – should it have foreseen the inflationary crisis we are in now, and done more about it? Liz Truss has pledged to review the Bank's mandate. Cindy Yu talks to James Forsyth and Katy Balls.Produced by Cindy Yu.
From our UK edition
36 min listen
In this week’s episode:Is China heading for a demographic disaster?Rana Mitter and Cindy Yu discuss China’s declining birth rate and what this could do to the economy. (0.52)Also this week:What would foreign policy look like under a Liz Truss government?The Spectator's deputy political editor, Katy Balls is joined by Rishi Sunak supporter, Dr Liam Fox who is the MP for North Somerset, Former Defence and Trade Secretary. (13.40)And finally: As Rishi comes face-to-face with the Tory members, can he win them over?Fiona Unwin, who is the vice president of the West Suffolk Conservative association writes that to wow the grassroots, all Rishi Sunak has to do is meet them. But not all the members were persuaded.
From our UK edition
When Tom Tugendhat announced he was backing Liz Truss for prime minister, his former supporters were dismayed. He was the candidate for the ‘One Nation’ caucus of moderate MPs, who defined themselves against the Tory right. ‘Anyone but Truss’ was their mantra – and they lined up behind Rishi Sunak. Yet here was their former poster boy supporting their nemesis. What could Truss and Tugendhat possibly have in common? The answer can be summed up in a word: China. For better or worse, Truss is an instinctive politician. On foreign affairs, she was held back by Boris Johnson, who was more cautious on China. If she becomes prime minister, which looks likely, she would spend more on defence and take a more muscular stance against aggressors.
From our UK edition
13 min listen
On today's podcast, Katy Balls and James Forsyth discuss a sticking point for Rishi Sunak as he meets the membership – that he led a 'coup' to overthrow Boris Johnson. Whilst travelling the country, can he persuade the membership otherwise?Also today, a new YouGov poll of Conservative members gives Liz Truss a 34-point lead ahead of Rishi Sunak. Is there enough time for him to turn the tide? How many Tory members have already made up their minds?And finally, is GCHQ at risk of being hacked? Cindy Yu is joined by James Forsyth and Katy Balls. Produced by Oscar Edmondson.
From our UK edition
It's been a day of ups and down for both leadership campaigns. Liz Truss performed her first big u-turn of the contest, reneging on a plan to link public sector pay to local living costs following a cross-party backlash. Rishi Sunak's supporters are talking this up as a moment that could change the dynamics of the race; Tees Valley mayor Ben Houchen and former Wales secretary Simon Hart among those to go on the attack. But even if it does dent support for Truss, Team Sunak appears to have a long way to go. This evening YouGov published a new poll of the Tory membership: it shows that the Foreign Secretary has extended her lead over Sunak from their poll a fortnight ago. According to YouGov, Truss now has a lead of 34 points over Sunak, with Truss up seven points from the last poll.
From our UK edition
12 min listen
Rishi Sunak sat down this evening for a 30-minute interview with Andrew Neil. They covered the economy, the NHS, immigration and the former chancellor's personal finances. Sunak knew he was taking a risk in sitting down with Neil. Was it worth it? Max Jeffery speaks to Katy Balls and Kate Andrews. Produced by Max Jeffery.
From our UK edition
47 min listen
In this week’s episode:Can Rishi catch up?Katy Balls and Kate Andrews discuss Rishi Sunak’s mad dash to catch up with his rival, Liz Truss in the polls (0.55)Also this week:Is it time the UK severed ties with Chinese-made tech?Charles Parton argues this in the magazine this week. He is joined by Dr Alexi Drew, a consultant in emerging technologies and international relations (13.33)And finally: What’s not to love about country-pop music?Sam Kriss writes about this in the magazine. Joining him for the podcast is Rod Liddle, the associate editor at The Spectator (31.01)Hosted by William Moore.Produced by Natasha Feroze.Subscribe to The Spectator today and get a £20 Amazon gift voucher: spectator.
From our UK edition
Just a couple of weeks ago, Rishi Sunak was the clear bookies’ favourite in the Tory leadership contest. He had the largest parliamentary support and was set to top every round of MPs’ voting. He had 20,000 volunteers, a well-organised team, a slick launch – and (he thought) all of August to convince party members that he was the real deal. His strength, his supporters argued, was a firmer grasp of policy and better verbal dexterity than his opponents. So the final format – a dozen head-to-head debates – would give him time to win. Then, disaster. The Tories became paranoid that the unions could sabotage the process with a Royal Mail strike, so Conservative campaign headquarters announced they would send out the voting papers almost as soon as the final two had been selected.
From our UK edition
10 min listen
Having spent the last four debates suggesting that tax cuts are irresponsible and immoral, Rishi Sunak says he will cut VAT on energy bills if he becomes the next prime minister. Those defending him have suggested that this particular tax cut is temporary, it is funded and will help ease the cost of living crisis. Are they right?Katy Balls is joined by Kate Andrews. Produced by Natasha Feroze.
