Just flagging that they're currently offering a reduced annual sub for £99, and they'll chuck in a free bottle of Champagne too. Can be for yourself or gifted.
Works out to ~£2 an issue (Cover price £4.50)
(Other cheaper/short offers available on various subscription sites too)
www.spectator.co.uk/christmas/a372/
(NB. That is their own URL linked to from an ad in an article I read earlier, it's not any kind of dodgy affiliate link from me!)