Michael Simmons is The Spectator's economics editor. Contact him here.
From our UK edition
Is the Bank of England about to cut interest rates? Today’s labour market statistics might just give them the room to do so. The latest data, released by the Office for National Statistics (ONS) this morning, shows that the number of payrolled employees is up, the unemployment rate is up, vacancies are down and pay
From our UK edition
Whilst Jeremy Hunt’s cut to National Insurance may grab the headlines, the real story of today’s Budget was hidden in the official forecasts accompanying it. These forecasts point to a disaster for Britain’s labour force. The UK already had one of the worst post-lockdown workforce recoveries in the world, with a record 2.8 million people
From our UK edition
Britain’s worklessness crisis is getting worse. This morning the ONS released figures showing that 1.3 million are on unemployment. But that figure masks a welfare crisis that politicians are doing little to address. Unemployment only covers those actually looking for a job – the real problem is how few are. The true benefits figure goes unpublished
From our UK edition
We already know that Britain has a massive sick-note problem but we did not, until today, know just how large. Every three months, the ONS surveys 35,000 people and uses the results to guess how many (for example) are not working due to long-term sickness. That figure had been 2.6 million. But it has today
From our UK edition
10 min listen
Nicola Sturgeon became emotional during her evidence at the Covid inquiry today – a highly anticipated part of the inquiry given the issue of deleted Whatsapp messages. How did the former first minister come across today? And what else can the evidence tell us about how the Scottish government operated? Katy Balls speaks to Isabel Hardman
From our UK edition
40 min listen
On the podcast: gangsterism or government? The Covid Inquiry has moved to Scotland and, in his cover story for the magazine, our editor Fraser Nelson looks at the many revelations uncovered by Jamie Dawson KC. Fraser describes how civil servants were enlisted into what he calls an ‘SNP secret state’ and how SNP corruption is
From our UK edition
18 min listen
This week: Spectator editor Fraser Nelson on why the Emirati ownership of the magazine matters (00:30), Robert Hardman on the time the King could have poisoned Rishi Sunak (06:24) and Michael Simmons on why sobriety isn’t worth it (13:02).
From our UK edition
Absolutely nobody feels better at the end of Dry January. Mornings are still a struggle, you’re as tired as ever, and if anything the neurotic voice in your head is even louder. Yes, you may have gone to the gym every Sunday, but how has your life improved? It hasn’t. My own Dry January was
From our UK edition
The jobs market has turned a corner. Vacancies have fallen again to 934,000, down 49,000 in the last three months of the year, the longest continuous fall on record. Wage growth slowed to 6.5 per cent in cash terms – which will please the Bank of England – but luckily for workers inflation is falling
From our UK edition
The government is reeling from the Post Office Horizon scandal. ‘Lessons must be learnt’, goes the cry around Westminster. But a computer scandal with striking similarity to the bugs in the Horizon system has been brewing under the Department for Work and Pension and HMRC’s noses for over a decade. When Universal Credit was introduced
From our UK edition
The jobs market appears to be slowing down, but can we trust the figures? Vacancies have fallen for the longest continuous period on record, according to data published by the Office for National Statistics (ONS). But there are still just under 950,000 jobs on offer which is well above the pre-lockdown norm. Meanwhile, despite British
From our UK edition
18 min listen
This week: James Heale reads his politics column on Sunak’s migration minefield (00:55), Michael Simmons says that Scotland’s ‘progressive’ teaching methods have badly backfired (05:53), and Mary Wakefield asks: why can’t I pray in Westminster Abbey? (11:40) Produced and presented by Oscar Edmondson.
From our UK edition
12 min listen
It was a big day in the Covid inquiry as Boris Johnson gave evidence for the first time. Just as Johnson launched into an apology during his opening statement, protestors off-camera made their presence known. There were also revelations concerning the attention he paid to Sage minutes and Cobra meetings and the former prime minister
From our UK edition
Scots have, in the past, bragged about having the best education system in the world. Scottish sixth-formers study a broader range of subjects and aren’t forced to specialise too early. And look at our history: the literature, the Enlightenment, our universities, all due to world-class schools. But however true this may once have been, it’s
From our UK edition
30 min listen
On the podcast: In her cover piece for the magazine, The Spectator’s assistant editor Cindy Yu – writing ahead of the COP28 summit this weekend – describes how China has cornered the renewables market. She joins the podcast alongside Akshat Rathi, senior climate reporter for Bloomberg and author of Climate Capitalism: Winning the Global Race to Zero Emissions, to investigate China’s
From our UK edition
Has migration to the UK peaked? Net migration in the year to June hit 672,000, down from 745,000 in 2022. Some 1.2 million people came to Britain whilst 508,000 moved overseas. The ONS says it’s too early to call this a downward trend, but that immigration seems to be slowing whilst emigration is increasing. Perhaps
From our UK edition
11 min listen
This week it is the scientists’ turn to appear before the Covid Inquiry with Sir Chris Whitty, the Chief Medical Officer and Sir Patrick Vallance. James Heale speaks to Fraser Nelson and The Spectator’s data editor, Michael Simmons to discuss the findings this week.
From our UK edition
Did Eat Out to Help Out increase Covid? It’s a conclusion the inquiry and lockdown’s cheerleaders seem keen to push. Today they got their wish with Sir Patrick Vallance telling the inquiry it is ‘very difficult to see how it wouldn’t have had an effect on transmission’. Those comments have already been taken out of
From our UK edition
19 min listen
This week, Michael Simmons looks at the dodgy graph thats justified the second lockdown (00:55), Christopher Howse examines what happened to received pronunciation (05:56), and Melissa Kite wonders whether Surrey’s busybodies have followed her and her boyfriend to Cork (14:47). Presented and produced by Max Jeffery.
From our UK edition
Two stories are emerging from the Covid Inquiry: one that it wants to tell and one that it does not. The first is a tale of foul-mouthed incompetence, of which there’s no shortage of evidence dredged from the private messages of the main actors. The more important story can be found in the submitted statements
