Tim Shipman sits down with Professor David Miles of the Office for Budget Responsibility the day after a Budget overshadowed by an extraordinary leak. David sets out what the OBR now believes about growth, headroom and productivity — and why the UK’s long-term prospects look weaker than hoped. He discusses the political choices behind back-loaded tax rises, the decision not to score the workers’ rights reforms, and why Britain is so slow to adopt its own inventions. Plus: what the OBR’s new leak...
Nov 27, 2025•30 min
As Budget days go, today was unprecedented. The complete list of measures announced by Rachel Reeves – along with their costings and economic impacts – was leaked by the Office for Budget Responsibility (OBR) an hour before the Chancellor took to her feet. The OBR apologised and called it a ‘technical error’. The headline is tax hikes to the tune of £26 billion, income tax thresholds will be frozen again and the tax burden will hit a record high at 38 per cent of GDP. Was this the most farcical ...
Nov 26, 2025•14 min
James Nation, managing director at Forefront Advisers, and Michael Simmons join James Heale to analyse what we know, one day ahead of the Budget. James – a former Treasury official and adviser to Rishi Sunak – takes us inside Number 11, explains the importance of every sentence and defends the Budget as a fiscal event. Plus, Michael takes us through the measures we know so far – but is the chaotic process we've seen so far just symptomatic of 'broken Britain'? Produced by Patrick Gibbons. Become...
Nov 25, 2025•13 min
Britain has an energy problem – while we produce some of the cleanest in the world, it's also the most expensive, and that's the case for almost every avenue of energy. On the day the Spectator hosts its Energy Summit in Westminster, a report commissioned by the Prime Minister has found that the UK is the most expensive place to produce nuclear energy. This is important for so many avenues of government – from future proofing for climate change, to reducing the burden households are facing throu...
Nov 24, 2025•16 min
Isabel Hardman presents highlights from Sunday morning's political shows. This week, Labour’s crucial budget is almost here, and Trump’s peace plan causes alarm in Ukraine. Produced by Joe Bedell-Brill. Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more. For more Spectator podcasts, go to spectator.co.uk/podcasts . Contact us: podcast@spectator.co.uk Hosted on Acast. See acast.com/privacy for more information....
Nov 23, 2025•16 min
Chris Curtis and Maxwell Marlow may have different political ideologies, but they agree on one key diagnosis: Britain is broken. Their solution can be found on baseball caps and bucket hats across social media and SW1: ‘Build Baby Build’. Less than a week before the Budget, Chris – MP for Milton Keynes and chair of the Labour Growth Group – and Maxwell – policy fellow of the Yimby Initiative, alongside his day job at the Adam Smith Institute – join our economics editor Michael Simmons to talk ab...
Nov 22, 2025•21 min
Yesterday we had the publication of the second module of the Covid Inquiry on the decision-making at the heart of government. It confirmed a toxic and disorganised culture at the heart of No. 10 and the headline is that the government acted ‘too little, too late’, costing as many as 23,000 lives in England. That figure is already disputed, not least by our economics editor Michael Simmons who argues on the podcast that the inquiry is a ‘disgrace’ and demonstrates a lack of domain knowledge about...
Nov 21, 2025•15 min
While we wait for the findings of the Covid Inquiry into the decision-making during the pandemic, Shabana Mahmood has given a statement in the Commons outlining further details of Labour’s migration crackdown. The headline is that those who arrived during the so-called ‘Boriswave’ will have to wait up to 20 years before achieving settled status. Figures within Reform are having fun with the suggestion that the Home Secretary is more aligned with them on migration, but it is perhaps fairer to say...
Nov 20, 2025•12 min
Neither Kemi Badenoch nor Keir Starmer performed very well at Prime Minister’s Questions: both fluffed their lines early on. Badenoch managed to suggest the Budget had already happened, while Starmer got lost during an attack on Tory economic policy. But while Badenoch was back to the kind of poor delivery that had previously upset so many of her Conservative colleagues, Starmer still came off worse. The most interesting exchange was with Reform Chief Whip Lee Anderson, who goaded Starmer to ‘be...
Nov 19, 2025•11 min
Economics editor Michael Simmons and Yvette Cooper's former adviser Danny Shaw join Patrick Gibbons to react to the Home Secretary's plans for asylum reform. Shabana Mahmood's direct communication style in the Commons yesterday has been praised by government loyalists and right-wingers alike, but her plans have been criticised by figures on the left as apeing Reform. Will her calculated risk pay off and how will success be judged? Plus, as ONS migration figures are revised – again – Michael rest...
Nov 18, 2025•18 min
This afternoon, the Home Secretary will set out in the House of Commons her proposed reforms to the asylum system. The headline changes proposed by Shabana Mahmood have been well briefed in the weekend press: refugees will have temporary status and be required to reapply to remain in Britain every two-and-a-half years; those arriving would have to wait 20 years before they can apply for permanent settlement; and countries that refuse to take back migrants will be threatened with visa bans – Ango...
Nov 17, 2025•15 min
Isabel Hardman presents highlights from Sunday morning's political shows. Labour are set to announce a raft of new measures to fix an asylum system the home secretary says is 'broken'. But do they go far enough? Produced by Joe Bedell-Brill. Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more. For more Spectator podcasts, go to spectator.co.uk/podcasts . Contact us: podcast@spectator.co.uk Hosted on Acast. See acast.com/privac...
Nov 16, 2025•12 min
Britain’s prisons are a legislative problem that has beset successive governments. New revelations show 91 accidental early releases in just six months, the latest in a growing pattern of administrative chaos across the criminal justice system. Between drones delivering drugs, crumbling Victorian buildings, exhausted staff and an ever more convoluted sentencing regime, what is the cause of so many blunders? And what will Labour’s promised reforms actually fix – and are more crises inevitable? Ja...
Nov 15, 2025•15 min
With less than a fortnight to go until the Budget, it seems Rachel Reeves has performed an almighty U-turn. At the beginning of the week, the established consensus in Westminster was that the base rate of income tax would rise, breaking Labour’s flagship manifesto pledge. The Chancellor had already rolled the pitch, holding a press conference at which she warned ‘each of us must do our bit’. But the Financial Times – Reeves’ newspaper of choice – reports today that she has ‘ripped up’ her plans....
Nov 14, 2025•15 min
It’s been another bruising week for the British economy. New GDP figures reveal that growth has almost flatlined, inching up by just 0.1 per cent between July and August – a sign, many fear, that the UK is drifting into deeper malaise. With the budget less than a fortnight away, can the Chancellor square the circle of sluggish growth, tax pressures and a restless Labour party? James Heale speaks to Tim Shipman and Paul Johnson about the mounting economic uncertainties, the Treasury’s lack of a c...
Nov 13, 2025•11 min
Conspiracy or cock-up? Westminster is abuzz after what appears to be a plan to decapitate Wes Streeting has spectacularly backfired. A flurry of late-night briefings designed to shore up Keir Starmer’s position turned personal against the Health Secretary, suggesting he was plotting a coup in advance of the Budget and in anticipation of – what many expect will be – a poor showing at the local elections. Streeting was left to defend himself on the media round, confidently declaring he was a ‘fait...
Nov 12, 2025•19 min
With two weeks until her Budget, Rachel Reeves has received more bad news: unemployment is now at its highest level since the pandemic. With the Chancellor hinting at income tax rises, could this be dangerous for Labour as it increasingly becomes the party of higher earners? Polling suggests the public would lay the blame for tax hikes with Reeves, despite her speech last week. With threats from a resurgent Green party to the left and Reform to the right, is there an obvious path forward for Lab...
Nov 11, 2025•14 min
It seems that the BBC is once again setting the news agenda – via tales of its own incompetence. The Corporation has spent days battling accusations that it aired a doctored clip of a speech by President Trump in a Panorama documentary back in January 2021. The White House Press Secretary has called the Beeb ‘100 per cent fake news’ while Kemi Badenoch has demanded that ‘heads must roll’ ... and now they have. For Tim Davie, the Director-General of the BBC, announced his resignation, alongside D...
Nov 10, 2025•12 min
Isabel Hardman presents highlights from Sunday morning's political shows. On Remembrance Sunday, Chief of the Defence Staff Sir Richard Knighton says the UK must be prepared against ‘hybrid warfare’, and Culture Secretary Lisa Nandy contends with allegations of BBC bias, Labour cronyism, and mistakenly released prisoners. Produced by Joe Bedell-Brill. Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more. For more Spectator podc...
Nov 09, 2025•16 min
What lessons does America have for our politics? While progressives look to Zohran Mamdani for inspiration on how to get elected successfully, the really important question is how to govern effectively. And here it is the Trump administration which is setting the standard, writes Tim Shipman in this week’s cover story. On day one, Donald Trump stepped into the Oval Office ready to ‘move fast and break things’, signing a flurry of executive orders with the backing of unflinching loyalists. Brits ...
Nov 08, 2025•18 min
A year ago, the Chancellor called her £38 billion tax rise a ‘one-and-done’ move. Now she looks set to rinse and repeat, with reports that a 2p increase in income tax is on the table. According to The Times , she has informed the Office for Budget Responsibility that a rise in personal taxation is one of the ‘major measures’ she will announce. This is the strongest signal yet that she will break Labour's manifesto pledge not to increase income tax rates. What does this mean for the Chancellor, a...
Nov 07, 2025•13 min
With three weeks until the Budget, the main political parties have been setting out their economic thinking. Each faces the same bind: anaemic growth, fiscal constraints and uncomfortable exposure to the bond markets. The upshot is that there is less ‘clear blue water’ on the economy between Labour, the Conservatives and Reform. This has left a space for energy to emerge as the policy area in which to differentiate the parties in this new era of five-party politics. The Westminster energy consen...
Nov 06, 2025•12 min
In a crowded field, today’s could have been the most bizarre PMQs ever. From David Lammy pronouncing ‘I am the Justice Secretary’ as if it were an affirmation to be chanted in the bathroom mirror, to the wild hair on display on both benches, it surely takes the mantle of parliament at its most ridiculous – and that’s not to mention the story that another convict has escaped from prison. Has David Lammy got a grip on mistaken prison release? And – more importantly – does he have the support of hi...
Nov 05, 2025•15 min
It is three weeks until the Budget – and Rachel Reeves wants to get her narrative out there. The Chancellor held an early morning press conference today to, in her words, ‘set out the circumstances and the principles’ guiding her thinking on 26 November. Her speech followed a familiar pattern. First, there was the evisceration of the ‘austerity’, ‘reckless borrowing’ and ‘stop go of public investment’ which characterised the last 14 years. In her 25-minute speech in Downing Street, one line in p...
Nov 04, 2025•11 min
With Reform leading in the polls, Nigel Farage is determined to ensure that nothing can impede its growth. This morning he sought to bolster his credibility on an area that the Tories think could be his Achilles heel: the economy. Reform’s £90 billion programme of tax cuts promised at the last election has been constantly used as a stick with which to beat its leader. So today, Farage took to the stage in the City, to – once again – formally bury ‘Our Contract with You’ – the platform on which h...
Nov 03, 2025•16 min
Introducing The Spectator's newest podcast, Reality Check with economics editor Michael Simmons. Like what you hear? Search 'Reality Check' wherever you are listening to this podcast and be sure to hit 'follow' to never miss an episode. Are the rich fleeing Britain? That's what the numbers suggest, but some activist groups have hit back that the data is dodgy. For the second episode of Reality Check The Spectator's economics editor Michael Simmons explains why the data shows that the wealthy are...
Nov 02, 2025•14 min
‘On the day of the local elections, when the Tories suffered a historic setback, Kemi Badenoch went to the gym and got her hair done,’ Tim Shipman reveals in the magazine this week. Aides insist that Badenoch has since ‘upped her game’. Her PMQs performances are improving and the CCHQ machine seems to have whirred into gear, making sure that Labour’s embarrassments – from Angela Rayner’s flat to the collapsed China scandal – don’t go unpunished. Is she finally turning the ship around after a yea...
Nov 01, 2025•21 min
Happy All Hallows’ Eve, everyone – and there is something spooky going on with Rachel Reeves and a property in Dulwich. Yesterday she was leading the news after admitting to renting out her family home following the move into No. 11 without getting the required licence from Southwark Council. There are a number of mitigating circumstances – not least the fact that the lettings agent said they would obtain the licence – but the Prime Minister has been forced to put out a statement. He backs her, ...
Oct 31, 2025•16 min
There are a few sore heads at 22 Old Queen Street this morning because it was The Spectator ’s Parliamentarian of the Year Awards last night. From Lucy Powell’s jibe at Morgan McSweeney (and Tim Shipman, for that matter) to Robert Jenrick’s jokes falling flat, it was an eventful evening of good-natured hazing, naval-gazing and – of course – recognising the best and worst of Westminster. Who came out on top? Oscar Edmondson debriefs with Tim Shipman, Michael Simmons and Natasha Feroze. Produced b...
Oct 30, 2025•17 min
Kemi Badenoch continues to look more confident at PMQs – although there are always going to be some easy goals when you lead on the economy. Today she pressed the Prime Minister on Labour’s manifesto pledge not to raise income tax, VAT or national insurance – which he dodged – as well as repeating her offer to work with Labour towards a cross-party solution to the welfare problem. What do we know about the Budget at the end of next month? And are we any closer to understanding what a ‘working pe...
Oct 29, 2025•14 min
