David Smith

David Smith, Economics Editor at The Sunday Times, shares insights on the UK’s economic challenges. He discusses how recent tax rises and tighter spending could stunt growth, yet the markets responded positively to fiscal caution. Smith also dives into inflation concerns, particularly rising food prices, and the implications for the Bank of England. Additionally, he analyzes Keir Starmer's cautious approach to Brexit, hinting at a possible 'cat flap' strategy for closer EU ties without sacrificing key freedoms.

David Smith, the Economics Editor of The Sunday Times, lends his expertise to dissect the historic Labour budget from Chancellor Rachel Reeves. He dives into the controversial £40 billion tax increase, questioning if it will lay solid foundations or burden working-class families. The discussion highlights the impact of national insurance hikes on small businesses and employment, and whether the budget can genuinely stimulate economic growth or just uphold the status quo amidst fiscal pressures.