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The spiralling cost of borrowing spells trouble for Rachel Reeves – but she must hold her nerve

The cost of UK government borrowing is higher than it has been since just before the global financial crisis of 2008. The yield on five-year gilts...

Jonathan Portes

4. Against free movement? Let’s start with those northerners flocking to London

Jonathan Portes

Rachel Reeves is pulling off a transparent political manoeuvre. But she’s not entirely wrong

Is Rachel Reeves’s claim that, since arriving at the Treasury just three weeks ago, she has discovered large, unfunded liabilities in the public...

Jonathan Portes