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Heather Stewart

@guardianheather

Economics editor at the Guardian. Former political editor, former Observer economics editor. Londoner, Mum. heather.stewart@theguardian.com

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Latest posts by Heather Stewart @guardianheather

Sorry what now?

06.03.2026 17:07 πŸ‘ 7 πŸ” 3 πŸ’¬ 0 πŸ“Œ 0
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NEW ANALYSIS: UK emissions fell 2.4% in 2025 as coal fell to a 400-year low. Incredibly, we used less coal last year than than in 1600, when Queen Elizabeth I was on the throne and Shakespeare was writing Hamlet.

All the details in our article: www.carbonbrief.org/...

05.03.2026 18:05 πŸ‘ 878 πŸ” 383 πŸ’¬ 23 πŸ“Œ 28
Preview
Globalisation is under threat from Iran war – and Britain is uniquely vulnerable Economic ripples from US-Israel attacks will soon become waves, engulfing everything from energy prices to food

Great piece this from @meadwaj about the UK's particular vulnerability in a highly interconnected, volatile global economy: www.theguardian.com/world/2026/m...

05.03.2026 14:45 πŸ‘ 3 πŸ” 1 πŸ’¬ 1 πŸ“Œ 0

People who are not tax resident in the UK should not be allowed to donate to UK political parties.

Companies should not be allowed to donate to UK political parties.

No one should be allowed to use crypto to donate to UK political parties.

05.03.2026 11:39 πŸ‘ 426 πŸ” 173 πŸ’¬ 26 πŸ“Œ 5
Screenshot of Financial Times:
"Middle East war | Wealthy Dubai residents race back to UAE to avoid tax bills
Some risk spending too few days in the emirate and too many in the UK" 
Illustration: stock photo of man in white shirt speaking on mobile phone while waiting to cross road in front of skyscrapers

Screenshot of Financial Times: "Middle East war | Wealthy Dubai residents race back to UAE to avoid tax bills Some risk spending too few days in the emirate and too many in the UK" Illustration: stock photo of man in white shirt speaking on mobile phone while waiting to cross road in front of skyscrapers

Life's all about priorities.

05.03.2026 11:09 πŸ‘ 18 πŸ” 9 πŸ’¬ 0 πŸ“Œ 0

Argh that just sounds like a way of torturing the parents!

05.03.2026 09:30 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

Yes! Was just having a gleeful little smile to myself at the fact my youngest is now in y7 so WBD is no more

05.03.2026 09:04 πŸ‘ 9 πŸ” 0 πŸ’¬ 3 πŸ“Œ 0
chart showing Average real household disposable income per person (2025-26 prices): UK

chart showing Average real household disposable income per person (2025-26 prices): UK

The Treasury says β€œby the next election people will be over Β£1,000 a year better off”.

This appears to be based on a comparison of RHDI per person in the final full financial year of the previous and current parliaments.

But two-thirds of this projected growth *has already happened*.

05.03.2026 09:00 πŸ‘ 8 πŸ” 1 πŸ’¬ 0 πŸ“Œ 2
4h β€’
"It's up to people what they get up to behind closed doors," local barber Ben Dicks said.
A newly-opened adult members' club in a Leicestershire village has been temporarily closed down by council officials following complaints from residents - but not everyone is unhappy about it.
Read more: https://bbc.in/46CDjtW

Council temporarily shuts down adult members' club.

4h β€’ "It's up to people what they get up to behind closed doors," local barber Ben Dicks said. A newly-opened adult members' club in a Leicestershire village has been temporarily closed down by council officials following complaints from residents - but not everyone is unhappy about it. Read more: https://bbc.in/46CDjtW Council temporarily shuts down adult members' club.

Laughing at someone’s name who is being quoted in a story about an β€œadult club” is neither big nor clever. Yet here we are.

04.03.2026 12:29 πŸ‘ 63 πŸ” 15 πŸ’¬ 9 πŸ“Œ 1

I appreciate I make this joke a lot, but "the police have issued a solemn apology, and would like to reiterate their ambition to arrest more criminals than they employ."

04.03.2026 12:13 πŸ‘ 53 πŸ” 12 πŸ’¬ 3 πŸ“Œ 0

Yeah ok mate

04.03.2026 12:11 πŸ‘ 15 πŸ” 1 πŸ’¬ 3 πŸ“Œ 0
Preview
Democracy Volunteers β€˜Family Voting’ and how to prevent it in Future Elections Democracy Volunteers has been observing elections in the UK for 10 years. We have seen β€˜family voting’ across the UK and we think it is important to explain more about it and how it should be possi…

I've been asking Democracy Volunteers, the organisation who said they saw family voting in the Gorton and Denton by-election, if they would give details about evidence or methodology. They have now released an updated statement - which is still quite vague.

democracyvolunteers.org/family-votin...

04.03.2026 10:49 πŸ‘ 95 πŸ” 35 πŸ’¬ 20 πŸ“Œ 7
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Here’s why the Treasury is apparently sceptical about bringing forward the 3% of GDP defence pledge to 2030 - it obliterates spending increases on everything else (unless you’re raising more money to fund it…)

04.03.2026 11:05 πŸ‘ 20 πŸ” 7 πŸ’¬ 1 πŸ“Œ 0
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Striking chart from @theifs.bsky.social of the differential increase in the cost of hiring younger workers - with and without implementing the manifesto promise of equalising the NMW for 18-20 year olds:

04.03.2026 10:56 πŸ‘ 3 πŸ” 0 πŸ’¬ 2 πŸ“Œ 0

Enjoying this live Treasury/IFS debate...

04.03.2026 10:48 πŸ‘ 4 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Good [scary] thread about why warnings about the econ impact of the Iran situation are not the same as dire predictions about tariffs/Brexit:

04.03.2026 10:17 πŸ‘ 10 πŸ” 2 πŸ’¬ 1 πŸ“Œ 1

Agree with this: bits of the speech felt as though they'd been written pre Middle East war - the claim that people will be Β£1000 a year better off similarly seemed a hostage to fortune...

04.03.2026 10:03 πŸ‘ 10 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
Private Eye cover with photos of Trump in his β€œwar room” suggesting the Iranian offensive was to distract from the Epstein files

Private Eye cover with photos of Trump in his β€œwar room” suggesting the Iranian offensive was to distract from the Epstein files

Ah, Private Eye Day…

04.03.2026 09:24 πŸ‘ 108 πŸ” 46 πŸ’¬ 4 πŸ“Œ 3
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Guys, the Italian unemployment rate has just fallen below the UK's.

04.03.2026 09:22 πŸ‘ 324 πŸ” 74 πŸ’¬ 17 πŸ“Œ 27

This is a lovely timeline cleanse for a foggy morning 🏴󠁧󠁒󠁳󠁣󠁴󠁿

04.03.2026 08:00 πŸ‘ 9 πŸ” 1 πŸ’¬ 0 πŸ“Œ 0

Bloody hell

03.03.2026 20:02 πŸ‘ 360 πŸ” 112 πŸ’¬ 9 πŸ“Œ 0
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"This is not Winston Churchill that we’re dealing with"

*Churchill bust*

"berk"

03.03.2026 17:35 πŸ‘ 30 πŸ” 3 πŸ’¬ 3 πŸ“Œ 0

Trump on Iran:

Most of the people I had in mind for leadership are dead.

We have another group and they also may be dead.

03.03.2026 17:22 πŸ‘ 19 πŸ” 5 πŸ’¬ 5 πŸ“Œ 2
chart showing Left panel: Impact of tax rises announced this parliamentRight panel: Tax as a proportion of GDP, by forecast date

chart showing Left panel: Impact of tax rises announced this parliamentRight panel: Tax as a proportion of GDP, by forecast date

Though the pain of tax rise *announcements* is in the past, over 3/5s of them won't materialise until later.

Taxes are set to riseΒ£43 billion between now and 2029-30, bringing the tax burden above 38 per cent of GDP for the first time, in an election year to boot.

03.03.2026 15:47 πŸ‘ 1 πŸ” 3 πŸ’¬ 0 πŸ“Œ 0
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"Today’s OBR projections reveal two competing realities in government right now. The OBR and Treasury forecast an upturn in net migration, which makes their fiscal numbers add up – while the Home Office says it is determined to drive net migration down still further. They can’t have it both ways".

03.03.2026 14:12 πŸ‘ 194 πŸ” 77 πŸ’¬ 4 πŸ“Œ 10

I would go farther than this - on current policy we (and the OBR) already *know* there will need to be a further significant downward revision (and hence also to growth/tax receipts in November.

03.03.2026 13:47 πŸ‘ 24 πŸ” 6 πŸ’¬ 3 πŸ“Œ 0
02104-25 Fraser v Telegraph.co.uk - IPSO Ian Fraser complained to the Independent Press Standards Organisation that Telegraph.co.uk breached Clause 1 (Accuracy) of the Editors’ Code of Practice in an article headlined β€œWe earn Β£345k, but soa...

This IPSO adjudication against the Telegraph is quite something

Confirms their story titled: β€˜We earn Β£345k, but soaring private school fees mean we can’t go on five holidays’ was completely fabricated, with the family involved non-existent and stock pictures used

www.ipso.co.uk/rulings/0210...

03.03.2026 13:31 πŸ‘ 1626 πŸ” 791 πŸ’¬ 73 πŸ“Œ 90
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OBR have revised down their forecast for net migration but this is *entirely* due to an upwards revision in the number of outwards migration by UK nationals. Still potential for another downwards shift later in the year, if the inwards migration number also drops.

03.03.2026 13:16 πŸ‘ 16 πŸ” 8 πŸ’¬ 2 πŸ“Œ 4
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πŸ“ˆπŸ§΅The Chancellor will likely use her spring statement shortly today to trumpet economic indicators pointing in right direction. But the public are far from feeling it. The rise in unemployment has had far greater cut through and negative reaction than falls in borrowing or inflation.

03.03.2026 12:14 πŸ‘ 13 πŸ” 6 πŸ’¬ 1 πŸ“Œ 0

IMF: WE ARE CLOSELY MONITORING DEVELOPMENTS IN MIDDLE EAST. SO FAR, WE HAVE OBSERVED DISRUPTIONS TO TRADE AND ECONOMIC ACTIVITY, SURGES IN ENERGY PRICES, AND VOLATILITY IN FINANCIAL MARKETS

03.03.2026 08:57 πŸ‘ 1 πŸ” 2 πŸ’¬ 0 πŸ“Œ 1