Are things beginning to look up for Rachel Reeves?
The Chancellor will meet America’s top economic official, Treasury secretary Scott Bessent, today as she concludes her trip to the International…
Can Rachel Reeves woo Trump’s team – without alienating the EU?
The government is on a charm offensive in Washington. Tonight, Britain’s ambassador to the US, Lord Mandelson, will host officials…
Britain’s borrowing is spiralling out of control
Britain borrowed nearly £152 billion in the financial year to March – almost £21 billion more than at the same…
Why the IMF has downgraded UK growth
The waves from Donald Trump’s tariff upheaval continue to ripple through the global economy. The International Monetary Fund (IMF) has…
Britain is not out of the woods on rising inflation just yet
Price rises have unexpectedly eased. The Consumer Price Index rose by just 2.6 per cent in March, down from 2.8…
The Bank of England’s mission to tame inflation just got harder
Much to the concern of the Bank of England, British workers are continuing to bank inflation-busting pay rises. Figures just released by…
China is hitting back with even more tariffs
China has retaliated against Donald Trump by raising duties on all American imports to 125 per cent from 84 per…
Xi escalates China’s trade war with Trump
China has announced it will impose 84 per cent tariffs on US goods imports from tomorrow, as the war of…
Are Reeves’s fiscal rules really ‘ironclad’?
This afternoon, Keir Starmer recommitted to not raising income tax, VAT or employee National Insurance for the duration of this…
Is Trump stoking a global recession?
This week, Donald Trump steered the global economy away from the free trade era that has underpinned growth for decades.…
This could be the largest US tax rise in half a century
Across the world, markets are plunging as they respond to the global tariffs Donald Trump unleashed from the White House…
Trump prepares to take his tariff war global
In just a few hours, Donald Trump is set to take his tariff war global. At 9 p.m. UK time…
Can we trust our economic data anymore?
Britain’s economic outlook may have been skewed by bad data – and it could be costing billions. Wage data pored…
Britain narrowly escapes recession – again
The Office for National Statistics (ONS) has just confirmed that the economy ‘grew’ by 0.1 per cent in the last…
Are tax hikes on the horizon?
Tax rises are almost certainly coming, Britain’s leading fiscal think tank has said. Those taxes are most likely to fall…
The five bombshells in the OBR’s economic outlook
There is perhaps no document more useful for understanding the state of the nation than the Office for Budget Responsibility’s…
Reeves’s Spring Statement was written for the OBR
Rachel Reeves didn’t want today’s Spring Statement to be seen as a budget, but a budget it has turned out…
Is Reeves brave enough to give the economy the medicine it needs?
Rachel Reeves has wanted to downplay the significance of the Spring Statement this afternoon. But with every leaked proposal and…
The Spectator reflects on Covid five years on
Five years ago this weekend, the nation was plunged into what was expected to be a three-week lockdown. Weeks turned…
Britain’s borrowing is out of control
Rachel Reeves is having to borrow more and more money to keep Britain’s show on the road. Figures on the…
Bank holds interest rate over inflation fears
The Bank of England has held interest rates at 4.5 per cent. The Monetary Policy Committee (MPC) voted eight to…
Public sector employment hits a record high
The state is bigger than ever. The number of workers employed in central government has hit 4 million for the…
The OECD’s growth downgrade is yet another headache for Reeves
In more bad news for Rachel Reeves as the Chancellor prepares for next week’s Spring Statement, the OECD has downgraded…
The economy is shrinking. Rachel Reeves must act
The economy shrank by 0.1 per cent in January according to figures just published by the Office for National Statistics (ONS). The…
Who’s doing well out of the Trump slump?
Markets are not enjoying Donald Trump’s tariffs. Some 125 days have passed since his second election victory and the S&P…
