Labour needs a true alternative to Rishi Sunak’s austerity
The moral case against spending cuts is overwhelming – and so is the economic one.
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The real fantasy economics is Rishi Sunak’s claim that spending cuts are unavoidable
The fiscally responsible approach is to build a strong economy through public investment and tax increases on the wealthy.
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Who will bear the brunt of Rishi Sunak’s austerity?
At his first PMQs as leader, Sunak successfully evaded questions on where cuts will fall.
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How long can Liz Truss survive?
The Prime Minister’s position is ever more fragile but Tory MPs have yet to unite around a candidate to replace…
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Councils will crumble under Jeremy Hunt’s spending cuts
Growth does not have to require the hollowing out of public services.
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Kwasi Kwarteng’s Budget is being rewritten while he’s across the Atlantic
The Chancellor insisted today that “our position hasn’t changed”, but behind the scenes it’s a different story.
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Liz Truss and the rise of the libertarian right
The free-market thinkers and ideas behind the most radical economic experiment in Britain for 40 years.
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How the pound has plummeted against the dollar
Sterling is now worth just $1.07 – a fall of almost 10 per cent in one month.
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Mini-budget 2022 summary: Kwasi Kwarteng’s major tax cut plans – as it happened
Follow the latest updates on the government's mini-Budget, with analysis and commentary from the New Statesman politics team.
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Kwasi Kwarteng has cut tax for the highest earners – will he pay a political price?
Like George Osborne, the new Chancellor has delivered another “tax cut for millionaires” but history suggests Labour may not benefit.
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What to expect from Kwasi Kwarteng’s mini-Budget announcement today
Each policy is likely to be justified in terms of one aim: economic growth.
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Conservative committee chair: Treasury is “sitting on” crucial economic forecast
Mel Stride, the chair of the Treasury Select Committee, says the government’s lack of transparency could have serious implications for…
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The best way to boost economic growth is to reverse hard Brexit
Brexit is forecast to do twice as much permanent damage to the economy as Covid. But this self-inflicted wound can…
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How does Rishi Sunak’s 2021 Budget affect voters in the Red Wall?
Are the Chancellor’s tax-and-spend plans better for traditional Conservative constituencies or new Tory voters in the north and Midlands?
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The UK tax burden is still low compared with most Western countries
Even after recent tax rises, Britain is still more lightly taxed than most major EU countries.
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UK real wages will still be lower in 2026 than they were in 2008
The UK is forecast to endure almost two decades of stagnant earnings.
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Why there could be trouble ahead for Rishi Sunak
Many Tory MPs are at best uneasy and at worst actively disgusted by much of this Budget.
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Rishi Sunak may yet have to raise taxes again, not cut them
If the Chancellor’s economic optimism proves misplaced, he will have to raise taxes or cut spending to meet his fiscal…
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Rachel Reeves’s Budget response shows she can compensate for Keir Starmer’s weaknesses
The shadow chancellor’s commanding performance proved that Labour needs a co-leadership.
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Who will benefit from Rishi Sunak’s Universal Credit taper rate cut in the Budget?
More than 60 per cent of Universal Credit claimants will not benefit from the change and will feel the full…
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