4.4 • 2.1K Ratings
🗓️ 15 January 2025
⏱️ 11 minutes
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| 0:00.0 | The Spectator magazine is home to wonderful writing, insightful analysis and unrivaled books and arts reviews. |
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| 0:11.8 | Go to spectator.com. UK forward slash voucher. |
| 0:18.4 | Hello and welcome to Coffee House Shots, Expectator's Daily Politics Podcast. |
| 0:22.5 | I'm Katie Balls and I'm joined by Michael Gove and Kate Andrews. |
| 0:26.3 | Now, Kate, we have lots to get through today. |
| 0:29.2 | But before we move on to the grooming gang's inquiry, before we talk about what Richard |
| 0:34.7 | Herman is up to, and more, please can you bring us an update this morning that we had on inflation? |
| 0:39.9 | Delighted to you, Katie. |
| 0:41.1 | It was surprisingly good news for the Chancellor that inflation slowed to rising by 2.5% in the 12 months up to December. |
| 0:50.4 | That's down from 2.6%. |
| 0:52.4 | In November, it's very close to the Bank of England's forecast of 2.4% |
| 0:56.7 | for December. This is still above the bank's target, but it will have been a sigh of relief in the |
| 1:02.9 | Treasury, most certainly. And it comes at a good time after Rachel Reeves had quite an impressive |
| 1:07.7 | moment in the House of Commons yesterday when she went to talk about her |
| 1:11.9 | visit to China was boasting of the 600 million pounds of investment that she brought back. It was very |
| 1:18.1 | clear that opposition parties wanted to talk about what's been happening to borrowing costs in the |
| 1:21.6 | state of the economy. And they really failed to land a blow. It's more embarrassing for the opposition |
| 1:26.8 | than it was a real |
| 1:27.6 | win for Rachel Reeves, but her being back in the country has been a pretty productive week. |
| 1:32.4 | For the Chancellor, the only thing I would say is nobody should get too excited too quickly. |
| 1:37.4 | The OBR has been very clear that those NI hikes for employers, when they come in in April, |
... |
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