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Jonathan Portes

Jonathan Portes

The Guardian

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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...

08.01.2025 7

The Guardian

Jonathan Portes

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

Yesterday Kemi Badenoch said the Conservative government “got it wrong” on immigration, and promised a “strict numerical cap”. We’ve been...

28.11.2024 4

The Guardian

Jonathan Portes

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

Four years of economic turmoil. High inflation, then high interest rates, then an (albeit mild) recession. A pre-election budget with some...

28.10.2024 4

The Guardian

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...

29.07.2024 10

The Guardian

Jonathan Portes