Michael Simmons is The Spectator's economics editor. Contact him here.
From our UK edition
Rachel Reeve’s jobs collapse is trundling on. Figures just released by the Office for National Statistics (ONS) show that 155,000 payroll jobs were wiped out in the year up to November. Some 33,000 were lost in a single month. In total, over 200,000 jobs have disappeared since the Chancellor’s first Budget when she announced a
From our UK edition
Donald Trump has announced that he will impose tariffs on goods from the UK, Denmark and other European countries. The 10 per cent levies on exports to the US will apply to ‘all or any goods’ and come into force from the beginning of next month. The move is in response to Europe’s opposition to
From our UK edition
Britain’s economy is standing still. Figures just released by the Office for National Statistics show GDP grew by just 0.1 per cent in the three months to November. The numbers were dragged down by the construction sector, which saw a contraction of 1.1 per cent – its largest fall in nearly three years. GDP grew
From our UK edition
24 min listen
Thousands of homes across the South East have been without water for four consecutive days. South East Water’s record on water supply interruptions is one of the worst in the sector. Ofwat, the regulator, has placed it in the bottom three companies for disruptions each year from 2020 to last year. What has happened to
From our UK edition
Yesterday, Shona Robison, Scotland’s finance minister, delivered her tax and spending plans for the coming fiscal year. The headline message from the SNP was the following: the majority of Scots will pay less tax than those living in the rest of the UK. That’s thanks to a very slight lifting of the threshold freeze on
From our UK edition
Keir Starmer has just made his 13th u-turn since taking the No. 10 keys. The government, this evening, decided that the digital ID scheme would no longer be compulsory. The IDs were to be used to verify if job applicants had the right to work in the UK – something that is currently done using
From our UK edition
7 min listen
Reform UK may be leading in the polls on a mandate to hit net zero migration – but could this come sooner than Nigel Farage may think? Michael Simmons returns to Reality Check to explain what’s really going behind Britain’s migration figures.
7 min listen
Reform UK may be leading in the polls on a mandate to hit net zero migration – but could this come sooner than Nigel Farage may think? Michael Simmons returns to Reality Check to explain what’s really going behind Britain’s migration figures.
From our UK edition
11 min listen
Another year, another U-turn. We expect that the Labour government will be forced to climb down on forthcoming increases to the business rates bills faced by pubs in England. This comes after ferocious industry backlash, spearheaded by figures such as Tom Kerridge, who has been out in the media this week drawing attention to the
From our UK edition
35 min listen
A far cry from the ‘roaring twenties’ of the early 20th Century, the 2020s can be characterised as the ‘boring twenties’, argue Gus Carter and Rupert Hawksley in our new year edition of the Spectator. Record numbers of young people are out of work but even those with jobs face such a dire cost-of-living situation that they
From our UK edition
33 min listen
Michael Simmons reflects on some of the economic highs and lows of 2025.
From our UK edition
The Spectator’s Michael Simmons in conversation with Greg Jackson, CEO & Founder of Octopus Energy and non-executive member of the Cabinet Office Board.
From our UK edition
The Bank of England’s Monetary Policy Committee (MPC) has just voted to cut interest rates to 3.75 per cent and in doing so has delivered the Chancellor an early Christmas present. The five to four decision brings rates down to from the 4 per cent they’d been held at since August. The cut is the fourth this
From our UK edition
Unemployment has risen again. Figures released by the Office for National Statistics (ONS) show the UK’s unemployment rate rose to 5.1 per cent in October – the highest joblessness rate since 2021. Payrolled employment fell too by 38,000 in a single month, meaning 187,000 jobs have now been lost since last November, in a blow
From our UK edition
18 min listen
The Spectator heads into Christmas a little bit less Scottish as we bid farewell to our political correspondent Lucy Dunn. Before Lucy leaves for STV, she joins Coffee House Shots – with fellow Scots Michael Simmons and Labour MP Gordon McKee – for one final episode reflecting on the state of Scottish politics. They discuss
From our UK edition
Junior doctors, now known as resident doctors, will strike from December 17 to 22, which Wes Streeting has said will ‘wreck Christmas’. The doctors are demanding a 26 per cent salary rise over the next few years to make up for the erosion in their pay in real terms since 2008 – this is on
From our UK edition
The British economy is shrinking. Figures just released by the Office for National Statistics (ONS) show that GDP fell by 0.1 per cent in the three months to October. The contraction came after growth of 0.1 per cent in the three months to September. On a monthly basis the economy shrank by 0.1 per cent
From our UK edition
The NHS is facing a ‘worst-case scenario’ for flu this winter. That was the verdict of Professor Meghana Pandit, national medical director for the NHS, this morning as she warned the tsunami of ‘super-flu’ cases sweeping the UK is ‘unprecedented’. Worse still, the peak of this wave is ‘not in sight’. Her warning came as
From our UK edition
12 min listen
Kemi Badenoch’s good form continues at Prime Minister’s Questions. The Tory leader was once more visibly enjoying herself today as she feasted on Labour misfortune, and she did a good job in covering the breadth of problems in the government. She used her six questions to ask about different departments and how they were faring:
From our UK edition
40 min listen
In the wake of an extraordinary Budget – leaked an hour before the Chancellor addressed Parliament – The Spectator brings clarity to a turbulent political and take stock of how the announcements will impact you. Michael Simmons speaks with John Porteous of Charles Stanley and James Nation, formerly of the Treasury and No. 10, to