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The Latest Breaking News from Jonathan Portes

Fact check: How realistic is a bespoke EU-UK customs union?

Brexit is back making headlines in the UK after the Liberal Democrats received support for creating a bespoke customs union. Where does the UK currently stand, and what benefits would such an agreement bring?

Euronews

Mansion wealth tax wouldn’t fill Budget black hole, economists warn Reeves

Former IFS director Paul Johnson says a mansion tax ‘wouldn’t raise anywhere near enough to fill a significant hole’ in the public finances

The Independent UK

What are Nigel Farage’s immigration plans – and do his sums add up?

Reform UK leader’s hardline plans were lauded by rightwing press. But are they coherent and will they save money?

The Guardian - UK

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Reshuffle gymnastics prepare Starmer to walk tricky budget tightrope

Economists say new team could help push back against Treasury but PM needs to spell out what he stands for

The Guardian - UK

Reeves accused of ‘punishing families’ with inheritance tax raid – that still ‘won’t fill Labour’s blackhole’

Former government economist Jonathan Portes told The Independent changes to inheritance tax would not raise enough to plug the UK’s multi-billion-pound fiscal shortfall

The Independent UK

Reeves unveils record spending plans but experts warn of tax rises ahead

Chancellor announces £39bn boost for social housing, £29bn for NHS and £11bn for defence – and promises to close all asylum hotels as she takes a swipe at Farage and dismisses Tory warnings of a ‘cruel summer’ of tax rises

The Independent UK

There’s one slight issue with Labour’s immigration plans: they’re completely untethered from reality

The government’s new policy will take us back to an uglier, more dangerous place – and it’s not even supported by the data, says professor of public policy Jonathan Portes

The Guardian - UK

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How Keir Starmer succeeded on US trade deal where four other prime ministers failed

Successive prime ministers chased the US for a trade deal, with Sir Keir Starmer finally striking lucky

The Independent UK

UK Avoids Worst US Tariffs Post-Brexit, But No Celebrations

More than four years after the UK's withdrawal from the European Union became effective, Britain has escaped harsher US tariffs, facing only half of the 20 percent imposed on its EU neighbours.

International Business Times

UK Dreams Of US Trade Deal Before Trump Tariffs

Britain's government is hoping to reach a last-minute post-Brexit trade agreement with Washington to avoid -- or at least mitigate -- more tariffs set to be announced on Wednesday by US President Donald Trump.

International Business Times

It’s ‘Maganomics’: Trump’s brash economic strategy is likely to end in crash or crisis

Large tax cuts for the rich, import tariffs, and the competing interests of Republican nationalists and the techno-right is a dangerous combination, says economist Jonathan Portes

The Guardian - UK

Flattery And Pragmatism: UK Plan To Stay On Trump's Good Side

With its flattering rhetoric, leniency in responding to US trade threats and alignment with Washington this week at a summit on artificial intelligence, the United Kingdom has signalled a willingness to take President Donald Trump's side over Europe.

International Business Times

‘He’s one of the best’: the economist shaping Rachel Reeves’s growth plans

John Van Reenen believes he can help Labour solve the ‘peculiar British problem’ of chronically weak productivity

The Guardian - UK

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

There is no need to panic: the government’s overall fiscal strategy is the right one. Spending cuts would be a mistake, says Jonathan Portes, a professor at King’s College London

The Guardian - UK

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The Guardian - UK

Kemi Badenoch says the Tories got it wrong on immigration. She’s right – but not for the reasons she thinks

For 14 years, the Tories presided over a muddle of unrealistic pledges. Labour should try a little honesty instead, says the former civil servant Jonathan Portes

The Guardian - UK

Rachel Reeves’s first budget offers a chance to break out of the doom loop. Here’s how she should do it

It’s a tall order but Labour has a chance to improve people’s lives in both the short and long term, says economics and public policy professor Jonathan Portes

The Guardian - UK

Government urged to help as shipmaker Harland & Wolff prepares to enter administration – as it happened

Steps are now being taken to reduce headcount at Harland & Wolff, as board concludes the company is insolvent

The National (Scotland)

Expert hits out at Julia Hartley-Brewer for 'justifying' far-right violence

AN academic has called out controversial Talk TV host Julia Hartley-Brewer for “justifying” the type of violence that has erupted across England…

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The Guardian - UK

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

The Tories really did leave Britain in a fiscal hole. But austerity cannot be the remedy, writes economics and public policy professor Jonathan Portes

The Guardian - UK

How the Tory war on immigration backfired

For more than a decade, Conservatives have promised to crack down on illegal migration and slash the number of legal arrivals. Their repeated failure has infuriated voters – and further demonised immigrants to the UK

The Guardian - UK

Amid the Tories’ fiscal disasters, one change has quietly warped how we see public spending for ever

The Tory-created OBR buoyed David Cameron but sunk Liz Truss. After the election, it may become Labour’s problem, says economics professor Jonathan Portes

The National (Scotland)

Tory chair mocked for publishing top UK civil servant's letter admonishing him

THE Tories have been rapped by the UK’s most senior civil servant after trying to bring the neutral civil service into the General Election…

The Guardian - UK

Are international students taking over UK universities? No – in fact, they’re propping them up

Their critics are right about one thing: universities are reliant on overseas money. But that need is generated by cuts, says academic Jonathan Portes

The Guardian - UK

Will Jeremy Hunt’s autumn statement revive the Tories’ election chances? Our panel responds

National Insurance cut; pensions and benefits increased. But is that enough to distract from sluggish growth and the rising cost of living?

The Guardian - UK

Hopes of ‘soft landing’ as US jobs growth slows; UK economy caught ‘in low-growth trap’ – as it happened

Fewer jobs created last month than expected, but economists hope the US can avoid recession

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