Kate Andrews

Kate Andrews

Kate Andrews is economics editor of The Spectator

Why Sunak will struggle to win the credit for falling inflation

After a three-year saga, inflation has finally returned to the Bank of England’s target. The Office for National Statistics reports this morning that the inflation rate slowed to 2 per cent in the 12 months to May 2024: its lowest point since July 2021. The greatest contribution came from another slowdown in food and non-alcoholic

Kate Andrews

Trussonomics is featuring heavily in the election

Is Trussonomics making a comeback? That’s the suggestion today, as Jeremy Hunt was recorded on the campaign trail telling students that Liz Truss’s goals for the economy were a ‘good thing to aim for’. As Chancellor, he said, he was ‘trying to basically achieve some of the same things’ as Truss, but ‘more gradually’ compared to the

What wasn’t included in Labour’s manifesto

13 min listen

Keir Starmer launched Labour’s manifesto today, but how much did we actually learn about their plans for government? And with no rabbits pulled out of the proverbial hat, how do they plan to achieve growth? Kate Andrews and Starmer’s biographer Tom Baldwin joined Katy Balls to discuss. Tom also provided some insight into Angela Rayner’s

Kate Andrews

What wasn’t included in Labour’s manifesto

Keir Starmer has been promising ‘no surprises’ on tax in the Labour manifesto. At first glance, he has – technically – delivered on that. There is nothing new on tax in today’s manifesto: the hikes already announced were included, and the pledge not to raise income tax, National Insurance, VAT or corporation tax were there too. The

Kate Andrews

Keir Starmer needs a better answer to the Jeremy Corbyn question

Keir Starmer looked baffled by tonight’s questions. Rishi Sunak looked resigned. Separating the two candidates – having them face Beth Rigby and the audience, rather than each other – led to far more defensive performances: Starmer on tax, and Sunak on the Tory record. Both spent the majority of the time looking deeply uncomfortable.  Sunak

Is Sunak’s cautious manifesto a mistake?

13 min listen

Conservatives hoping to turn their fortunes around with the publication of the party’s manifesto have been disappointed. The document contained little by way of surprises or rabbits, and despite Sunak’s pledge that the Conservatives are the party of tax cutting, the new costings show that the tax burden will continue to rise. Katy Balls talks

Kate Andrews

The nasty tax surprise hidden in the Tory manifesto

There are no big policy surprises in the Tory manifesto – not least because the major announcements on tax, immigration, welfare, housing and social care were all revealed before the document was published (James Heale has a helpful list here).  As already reported, a fifth consecutive Conservative government would cut employee National Insurance by another 2p,

Kate Andrews

The Tories are addressing welfare reform too late

The launch of the Conservative manifesto later this morning will dominate today’s headlines. But it’s worth reflecting, before the full details are released, on how we ended up with an earlier-than-expected election. In addition to ministers’ fear that the small boats figures would rise this summer – and flights to Rwanda would be grounded –

Nigel Farage’s biggest gift to the Labour party

Labour has a lot of reasons to be thankful for Nigel Farage. Reform was already creeping up on the Tories in the polls, even before the party’s honorary president announced this week that he would take up the role of leader and stand in Clacton. Now the polls are nearly neck-and-neck. The most recent YouGov survey –

Who won the first leaders’ debate?

17 min listen

Last night, Rishi Sunak and Keir Starmer went head-to-head in the first TV debate of the campaign. They clashed on a variety of topics, including housing, the NHS, and immigration. But who came out on top? Katy Balls speaks to Kate Andrews and Isabel Hardman. Produced by Megan McElroy.

Kate Andrews

Is Labour really plotting a £2,000 tax grab?

Is the Labour party planning a £2,000 tax grab on households? That was Rishi Sunak’s main message last night during the first election debate on ITV – one which he was found by YouGov’s snap poll to have won (just). The Tories will ‘keep cutting taxes’, he said, while Labour will raise them. It took

Can Keir handle Trump?

12 min listen

The news that Donald Trump has been convicted of 34 felonies meant that the Labour leader faced questions about the former president on Friday morning, rather than the Diane Abbott selection storm. On his visit to Scotland, Starmer told the BBC that a Labour government would be willing to work with ‘whoever’ was elected in

Can Sunak really take credit for future interest rate cuts?

When the Bank of England finally delivers an interest rate cut, can the Tory party take credit for it? Rishi Sunak thinks so. ‘We are the party who has committed to bringing down inflation, which is a necessary condition for bringing down interest rates,’ he told the Times in an interview published today. ‘And I think people

A stand-off between Labour and the BMA is coming

Junior doctors will be staging yet another walkout in the week running up to the election: five days in total, from 27 June to 1 July. It is the 11th walkout since March last year, as the union insists they will not settle for less than a 35 per cent pay raise. The dates are

Did Rachel Reeves just rule out more tax hikes?

Speaking to business leaders in the East Midlands this morning, Rachel Reeves delivered a fairly uncontroversial speech. In her first major address since the election was called last week, the shadow chancellor insisted that Labour is the ‘natural party of British business’ (a point bolstered by today’s letter signed by over 100 business chiefs endorsing Labour). She said

Kate Andrews

The Tory ‘tax-cutting’ agenda is fooling no one

Something has to go badly wrong for anyone to become nostalgic for 2020. But the Tory’s latest election announcement – to create the ‘Triple Lock Plus’ – is just the thing to do it. The first autumn after the pandemic hit, then-chancellor Rishi Sunak was looking at the public finances in dismay, wondering how he might even

Does Keir Starmer have enough to say?

16 min listen

Keir Starmer set out his first major speech to kick of Labour’s general election campaign. The Labour leader prioritised national security, a strong economy and the borders. But with a ‘policy light’ campaign – has he done enough? Kate Andrews speaks to Katy Balls and Fraser Nelson.