GDP grows – but the UK isn’t out of the woods on recession
Have the prospects of a recession been overstated? That would be the most optimistic reading of this morning’s update from…
Is it time to forgive Matt Hancock?
Over the past few months, Matt Hancock has been seeking forgiveness for his rule-breaking affair during the pandemic. And the…
Might next year’s economic pain be less than forecast?
This morning’s economic update from the Confederation of British Industry doesn’t make for cheery reading – but it could be…
The squeeze: how long will the pain last?
It’s not clear how this pain will end
Jeremy Hunt takes the tax burden to post-war high
Jeremy Hunt has just announced the most austere fiscal statement since 2010. The Chancellor’s plan to plug the £55 billion…
Inflation hits 11.1 per cent
There had been quiet but growing optimism from some economists that inflation in Britain was nearing its peak as the…
UK workforce falls, vacancies at 1.23 million
The workforce has not sprung back. According to the latest labour market figures, released by the Office for National Statistics…
The US midterm results are a wake-up call for the Republicans
There was no ‘red wave’ in America last night. This became obvious fairly early on, when congressional seats the Republicans…
A two-year recession has begun, says the Bank of England
Alongside a rather defensive interest rate hike today, the Bank of England unveiled some alarming forecasts for economic growth. The…
Bank of England takes interest rates to a 14-year high
After yesterday’s fourth consecutive 0.75 percentage point interest rate rise from the Federal Reserve, the Bank of England has finally…
Why windfall taxes come at a great cost
There is no such thing as free money. This was learned the hard way last month, when investors made clear…
Are Sunak and Hunt planning a windfall tax grab?
When Rishi Sunak entered No. 10 on Tuesday, he paid lip service to the aims of his predecessor. Liz Truss…
Delaying the fiscal statement is a wise move
The date of the fiscal statement has changed again. The Treasury has announced that the update – now being billed…
Liz Truss should have known better
In the coming weeks we’re going to learn a lot more about what went so badly wrong inside Liz Truss’s…
Mervyn King said the unsayable about Britain's economy
This morning the BBC hosted a current Tory leadership contender and the leader of the opposition on Sunday with Laura…
What will the Halloween Budget bring?
What will the Halloween Budget bring?
Could Boris Johnson’s cakeism survive the markets?
In the brief time Sajid Javid was chancellor to Boris Johnson, he spelled out to The Spectator his ‘low for…
Inflation is getting worse
In all the recent economic chaos, it’s been easy to overlook one of the most important factors contributing to the…
Has Hunt restored the government’s fiscal credibility?
Jeremy Hunt set out at the start of the weekend with one goal in mind: that when the gilt markets…
It’s not easy to regain market trust
The government’s position has become so precarious – and its credibility with the markets so low – that even waiting…
The Chancellor could take the tax burden even higher
This morning on the media round, Jeremy Hunt followed in the footsteps of Tory chancellors before him warning about the…
Is there anything left of Trussonomics?
After two major U-turns over last month’s mini-Budget and the sacking of a chancellor, what’s left of Liz Truss’s economic…
Truss says no to spending cuts. Here’s the caveat
The mini-Budget was a spending spree. The ‘medium-term fiscal plan’ was meant to explain the funding. But what exactly is…
Britain's shrinking economy adds to market jitters
Liz Truss and Rishi Sunak spent the summer fighting it out in the Tory leadership contest, debating how they would make…
The Bank of England's governor issues a stark warning
Speculation has been growing that the Bank of England might announce an extension of its emergency gilt-buying programme which is…
