Political Fix

As Donald Trump makes his first appointments, speculation in Whitehall grows: will the UK move closer to the US or cosy back up with the EU?The FT’s Lucy Fisher is joined by Political Fix regulars George Parker and Robert Shrimsley, as well as Peter Foster, the FT’s public policy editor, to discuss how Britain might successfully balance its two most important relationships. Plus the panel also discusses Rachel Reeves’s pension megafund reform, and assesses the damage Labour’s employment reforms are doing to the relationship with British business. Follow Lucy on X: @LOS_Fisher, George @GeorgeWParker, Peter Foster @pmdfoster, Robert @robertshrimsley Want more?  Join Lucy Fisher, Peter Foster, Stephen Bush and Miranda Green for Political Fix Live session on December 5, where they will assess Labour's record after five months in office as part of the FT's Global Boardroom online conference. The three-day event features high-level interviews on the big issues of the day and is being held on December 4-6. Register for your free pass at ft.com/tgbSign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award. Presented by Lucy Fisher. Produced by Tamara Kormornick. The executive producer is Manuela Saragosa. Audio mix by Sean McGarrity and original music by Breen Turner. The broadcast engineers are Andrew Georgiadis and Petros Giumpassis. The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Despite past criticism of Donald Trump, Sir Keir Starmer has sent ‘hearty’ praise to the president-elect for his victory this week. But what will transatlantic relations be like in 2025 and what does a Trump presidency mean for a Labour government? And, after Kemi Badenoch won the Tory leadership contest, we assess her first days in the job. Political Fix host Lucy Fisher is joined by US national editor and columnist Ed Luce, Deputy Washington bureau chief Lauren Fedor, Jim Pickard and Katy Balls, political editor of the Spectator.Follow Lucy on Twitter @LOS_Fisher,  Ed @EdwardGLuce, Lauren @LaurenFedor, Jim @PickardJEWant more?  America wants Trump — no ifs or buts‘They don’t understand my life’: what the Democrats misread about America ‘Brave new world’: Donald Trump’s victory signals end of US-led postwar order Trade, tech, defence: UK braces for policy flashpoints with Trump’s USLammy seeks to repair Trump relationship after ‘Nazi’ jibe Kemi Badenoch rewards early backers with shadow cabinet posts Sign up for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award: https://ft.com/insidepoliticsofferPresented by Lucy Fisher. Produced by Clare Williamson. The executive producer is Manuela Saragosa. Audio mix by Simon Panayi. Original music by Breen Turner. The FT’s head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

It’s been two days since chancellor Rachel Reeves put a £40bn tax increase at the heart of a plan to fix the country’s “broken” finances and public services, and unveiled a sharp increase in borrowing to fund an extra £100bn of capital spending. But will these measures bolster investment and growth in the UK economy? And what does the Budget tell us about the country’s economic direction over the next five years? The FT’s Lucy Fisher discusses these questions and more with UK political editor George Parker, columnist and host of The Economics Show Soumaya Keynes and economics editor Sam Fleming.This is a recording of an FT Live subscribers’ webinar, recorded on Friday, November 1.Follow Lucy on X: @LOS_Fisher, George on @GeorgeWParker, Sam @Sam1Fleming and Soumaya @SoumayaKeynesWant more? Free links:Budget poses new challenge for UK public finances, Moody’s warnsBusiness and wealthy bear brunt of £40bn tax increases in UK BudgetThe Budget in brief: what you need to knowReeves has made her choice — but success is not guaranteedRachel Reeves defiant after historic tax and spend BudgetSign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Rachel Reeves has rewritten her fiscal rules on the eve of her seismic first Budget next week. She says her new borrowing rule will help get Britain building, but how will it go down with voters – and the markets? Meanwhile, Sir Keir Starmer is in Samoa, where a debate about reparations for slavery has threatened to overshadow the Commonwealth summit. Plus, the PM has had to grapple with Donald Trump’s allegations of illegal election interference by Labour. Host Lucy Fisher is joined by Political Fix regular Stephen Bush and FT political correspondent Anna Gross, along with the FT’s deputy Washington bureau chief Lauren Fedor.Will Labour’s budget boost growth? Ask the FT’s economics editor Sam Fleming and colleagues at a Political Fix live subscriber webinar, hosted by Lucy Fisher, on Nov 1 at 1300 GMT. Register for your free pass at ft.com/ukgrowthFollow Lucy on X: @LOS_Fisher, Stephen @stephenkb, Anna @AnnaSophieGross and Lauren @LaurenFedorWant more?  Rachel Reeves confirms change to UK fiscal rules to help fund £20bn of annual investmentRachel Reeves: My fiscal rules will provide the stability on which growth dependsKeir Starmer flies to Samoa to answer tricky questions from Commonwealth alliesDonald Trump accuses UK Labour party of interference in White House race Labour paid for top Starmer aide to attend Democratic National ConventionA Trump victory would end ‘normal’ politics between UK and USSign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award. Presented by Lucy Fisher. Produced by Clare Williamson. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Rachel Reeves’s plans for a tough spending round later this month have sparked a fierce revolt among a raft of cabinet ministers. But will their protests make a difference? Host Lucy Fisher is joined by Political Fix regulars Robert Shrimsley and George Parker to discuss. They also hear from the FT’s chief features writer Henry Mance about the cash-strapped and crumbling English justice system. Plus, the panel considers whether Labour’s investment summit was a success and who is shaping up to win the Tory leadership contest.Will Labour’s Budget boost growth? Ask the FT’s economics editor Sam Fleming and colleagues at a Political Fix live subscriber webinar, hosted by Lucy Fisher, on Nov 1 at 1300 GMT Register for your free pass at ft.com/ukgrowthFollow Lucy on X: @LOS_Fisher, George @GeorgeWParker, Robert @robertshrimsley, Henry @henrymanceWant more?  Read Henry’s report here: How the English courts reached breaking pointKeir Starmer and Rachel Reeves face down cabinet revolt over spending cutsRachel Reeves looking at sweeping inheritance tax changes in BudgetUK innovation will be undermined by science department Budget squeeze, industry leaders warnRobert Jenrick vs Kemi Badenoch: meet the next Conservative leaderDavid Lammy to raise human rights and support for Russia on China tripSign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award. Presented by Lucy Fisher. Produced by Tamara Kormornick. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. Andrew Giorgiades and Rod Fitzgerald were the studio engineers. The FT’s head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

What kind of economy did Labour inherit this summer, and how does Britain measure up to international comparators? Political Fix host Lucy Fisher sits down with Martin Wolf to examine the strengths and weaknesses inherent in the UK’s economy as Rachel Reeves prepares for her seismic first Budget on October 30. Wolf assesses the options facing the chancellor on tax, spending and debt. Want more? Free links:Keir Starmer vows to rip up bureaucracy to unleash ‘shock and awe’ of investmentRachel Reeves’s Budget must rescue Britain from its growth trapReeves struggles to escape from self-imposed restraintsRachel Reeves needs a credible growth planYou too can step into the chancellor’s shoes and find out if you can run the UK economy with the FT’s new Budget game. Go to ft.com/chancellor-game and play from Tuesday, October 15Follow Lucy on X @LOS_FisherSign up for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award: https://ft.com/insidepoliticsofferPresented by Lucy Fisher. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.comView our accessibility guide  Hosted on Acast. See acast.com/privacy for more information.

As Labour reaches 100 days in government we take stock of how Sir Keir Starmer and his team have performed. Host Lucy Fisher is joined by Political Fix regulars Robert Shrimsley, Miranda Green and Jim Pickard to assess Labour’s stumbles – as well as its achievements – as the party gets to grips with power. The panel also examines what made it into Labour's flagship workers’ rights legislation – finally published this week. Plus, after the surprise elimination of moderate candidate James Cleverly from the Tory leadership race, how is the final stretch of the contest shaping up between rightwingers Kemi Badenoch and Robert Jenrick? Follow Lucy on X: @LOS_Fisher, Jim on X: @PickardJE, Robert @robertshrimsley, Miranda @greenmirandaWant more?  Keir Starmer looks to Morgan McSweeney to fix Labour teething troublesUK ministers fire starting gun on landmark worker rights reformRobert Jenrick vs Kemi Badenoch: meet the next Conservative leaderThe battle of Labour’s three brainsThis Tory leadership ballot suits nobody, only perhaps Keir Starmer Sign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award. Presented by Lucy Fisher. Produced by Clare Williamson with Mischa Frankl-Duval. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. Andrew Giorgiades and Rod Fitzgerald were the studio engineers.The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Who’s up and who’s down in the Tory leadership race after the four-day beauty parade at the party’s conference in Birmingham? Host Lucy Fisher and Political Fix regulars George Parker and Stephen Bush assess the four contenders’ performances, as Conservative MPs prepare to whittle down the field to two next week. The panel are also joined by the FT’s public policy editor Peter Foster to discuss Sir Keir Starmer’s first step on the road to resetting UK-EU relations. Plus, the group discusses the latest twist in freebiegate.Follow Lucy on X: @LOS_Fisher; George on X @GeorgeWParker, Stephen @stephenkb and Peter @pmdfosterWant more?  Tories embrace life in opposition at party conference Conservatives should pick James Cleverly. Here’s why they won’t Keir Starmer to repay £6,000 for gifts including Taylor Swift tickets Keir Starmer looks for post-Brexit ‘reset’ in meeting with EU leaders US and G7 warn Israel against strikes on Iranian nuclear facilitiesSign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award. Presented by Lucy Fisher. Produced by Clare Williamson. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Labour’s conference in Liverpool should have been a celebratory event after its landslide win in the July election. Political editor George Parker, standing in for Lucy Fisher, is joined by Miranda Green and Robert Shrimsley to discuss why the mood was anything but triumphant. Plus, economics editor Sam Fleming explains how the government might increase capital spending despite Labour’s repeated warnings that the state coffers are empty; and chief foreign affairs commentator Gideon Rachman steps into the studio to assess Prime Minister Keir Starmer’s debut on the world stage at the UN general assembly this week. Lucy Fisher is back next week.Follow George on X: @GeorgeWParker, Robert @robertshrimsley, Miranda @greenmiranda, Sam @Sam1Fleming and Gideon @gideonrachman.Want more?  Keir Starmer struggles to fix morale at ‘weird’ Labour conferenceRachel Reeves paves way for capital spending increaseGilt investors urge Reeves to keep investment ambitions in checkKeir Starmer meets Donald Trump in New YorkKeir Starmer plays down significance of Storm Shadow decision for UkraineSign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award. Presented by George Parker. Produced by Tamara Kormornick. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. The broadcast engineers were Rod Fitzgerald and Andrew Georgiadis. The FT’s head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A growing controversy around Lord Waheed Alli’s donations to Prime Minister Sir Keir Starmer and his wife Victoria risks tarnishing the new government, while propelling the normally discreet Labour donor into the public eye. Lucy Fisher discusses the saga with Political Fix regulars Stephen Bush and Jim Pickard. Plus, the panel is joined by chief business correspondent Michael O’Dwyer as business leaders warn that the UK government’s tax-raising plans and negativity about its economic inheritance risk undermining its efforts to boost private sector investment.Follow Lucy on X: @LOS_Fisher, Stephen @stephenkb, Jim @PickardJE, Michael @_MODwyerWant more?  Labour denies ‘transparency’ issue after clothing donation to Keir Starmer’s wifeWaheed Alli: How Labour donor’s largesse tarnished government’s squeaky clean imageUK government borrowing overshoots in blow to Rachel ReevesWhy has Sue Gray’s salary stoked unease and vicious briefings?Lib Dems to press Rachel Reeves to raise taxes on banks and wealthySign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 “Best Newsletter” award. Presented by Lucy Fisher. Produced by Tamara Kormornick with help from Leah Quinn. The broadcast engineers were Rod Fitzgerald and Andrew Georgiadis. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A government-commissioned review has found the NHS on life support. Can Prime Minister Sir Keir Starmer succeed where his predecessors have failed in turning around the health service? And how long has he got to do it? Lucy Fisher is joined by Political Fix regulars Robert Shrimsley and George Parker, plus the FT’s global health editor Sarah Neville, to examine the future of the NHS for the country’s health, politics and economy. And party conference season is upon us, so what are the flash points ahead? Leah Quinn joins the conversation.Follow Lucy on X: @LOS_Fisher, George @GeorgeWParker, Sarah @SarahNev Robert @robertshrimsley and Leah @thelittlerquinnWant more?  Links:England’s NHS in ‘critical condition’, official review finds NHS to receive ‘no more money without reform’, says Starmer ‘Dire’ NHS report shows scale of Sir Keir Starmer’s turnaround challengeAnd then there were four: The surviving Tory leadership hopefulsGreen party calls for long-term approach to UK’s problems Sign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award. Presented by Lucy Fisher. Produced by Clare Williamson. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. Audio engineer, Jean-Marc Eck. Broadcast engineers Andrew Georgiades and Petros Gioumpasis. The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

With a planned overhaul of employment law imminent and moves to renationalise rail companies, we’re asking whether Labour has got it in for business. The FT’s Lucy Fisher is joined by colleagues Miranda Green and Jim Pickard to discuss the Labour government’s apparently more interventionist approach to business. Plus Middle East editor Andrew England joins the panel to analyse the UK government’s decision to suspend some arms export licences to Israel.Follow Lucy on X: @LOS_Fisher, Jim on @PickardJE, Miranda on @greenmiranda and Andrew @cornishft Want more:Priti Patel knocked out of Tory leadership contest as Robert Jenrick tops first poll Labour stands on the law to defend UK policy shift on Israel‘Incompetence, dishonesty and greed’: Key findings of Grenfell reportTory HQ becomes ‘ghost ship’ after wave of senior staff exitsWater executives to face jail if they obstruct UK investigationsSign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award. Presented by Lucy Fisher. Produced by Clare Williamson. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. Broadcast engineers Andrew Giorgiades and Rod Fitzgerald. The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A 'painful' Budget awaits this autumn and things will get 'worse before they get better', Sir Keir Starmer warned this week. But is Labour taking a risk projecting such a gloomy outlook? Political Fix host Lucy Fisher is joined by regulars Stephen Bush and Robert Shrimsley, as well as FT economics editor Sam Fleming, to consider how the new government might fund the fiscal black hole it claims the Tories left behind – and find a message of hope. Plus, the group analyses who’s ahead and who’s falling back in the Tory leadership race.Follow Lucy on X: @LOS_Fisher, Stephen @stephenkb, Robert @robertshrimsley, Sam @Sam1FlemingWant more?  Wealthy households and businesses brace for tax rises after Starmer speechStarmer warned he cannot sidestep Brussels in bid to reset UK-EU relationsEurozone inflation falls to 2.2% in AugustJD Vance urges billionaire Peter Thiel to help bankroll Trump campaignPubs hit out at UK plans to ban smoking in outdoor areasSign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award. Presented by Lucy Fisher. Produced by Tamara Kormornick with Leah Quinn. The executive producer is Manuela Saragosa. Sound engineering by Jean-Mark Eck with original music by Breen Turner. Broadcast engineering by Andrew Georgiades and Rod Fitzgerald. The FT’s head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Democrats from across the US gathered in Chicago for their presidential convention this week, promising to move past the Donald Trump-era of American politics. But if their newly-minted nominee, vice-president Kamala Harris, wins November’s election, she’ll have her work cut out to keep her party together. The FT’s deputy Washington bureau chief, Lauren Fedor, and US political news editor, Derek Brower, join the FT's US politics podcast, Swamp Notes, to explain what the future of the party might look like.Mentioned in this podcast:Five key points from Kamala Harris’s acceptance speechKamala Harris vows to ‘strengthen, not abdicate’ US global leadershipKamala Harris’s underwhelming economic agendaListen to Swamp Notes every Saturday on the feed of the FT News BriefingSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: PBS NewsHourRegister now for the FT Weekend Festival, and claim £24 off your pass using promo code FTPodcast at: ft.com/festival Hosted on Acast. See acast.com/privacy for more information.

The billionaire owner of X, Elon Musk, has launched attacks on the UK government following the riots. So, how should Keir Starmer’s government deal with the self-declared “free speech absolutist” and his social media platform? The FT’s political editor George Parker is joined by Political Fix regulars Miranda Green and Stephen Bush, as well as political correspondent Anna Gross. Plus, the team considers how Rachel Reeves will be able to promote growth in the UK while balancing the books. And, as Keir Starmer cancels his holidays - should politicians always take their vacations?Follow George on X: @GeorgeWParker, Stephen @stephenkb, Miranda @greenmiranda, Anna @AnnaSophieGrossWant more?  Brussels slaps down Thierry Breton over ‘harmful content’ letter to Elon MuskFalse information cases in wake of riots test UK’s online safety lawAstraZeneca vaccine project in doubt as UK Treasury seeks to cut state aid UK government plans fresh investment in supercomputing despite axing aid How taking a holiday went globalSign up for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award: https://ft.com/insidepoliticsofferPresented by George Parker. Produced by Audrey Tinline. The executive producer is Manuela Saragosa. Audio mix by Sean McGarrity and original music by Breen Turner. Studio engineer: Petros Gioumpasis. The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Sir Keir Starmer has told police to stay on ‘high alert’ for more disorder, as rafts of rioters receive lengthy jail sentences in Britain’s courts. Has the unrest petered out, or could it yet flare up again? And how will the government get a grip on the longer-term challenges the recent violence has thrown up – from illegal immigration to community cohesion? The FT’s Lucy Fisher is joined by northern England correspondent Jennifer Williams and UK correspondent William Wallis to assess the fallout. Plus Sunder Katwala, director of British Future, a think-tank specialising in integration, joins with his analysis of how Starmer should start to heal the ‘fractious, divided and anxious country’.Follow Lucy on Twitter @LOS_Fisher, Jen @JenWilliamsMEN, William @WWFTUK, Sunder @sundersaysWant more?  Keir Starmer tells police to stay on ‘high alert’ as UK rioters jailedFar-right riots centred on England’s deprivation hotspotsThe volatile far right on UK streets is becoming more difficult to labelHuge UK anti-racist rallies held as far-right protests fail to materialiseTo take part in an audience survey, and to be in with the chance to win a pair of Bose QuietComfort 35 Wireless Headphones, click here. Click here to find T&Cs for the prize draw.Sign up for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award: https://ft.com/insidepoliticsofferPresented by Lucy Fisher. Produced by Leah Quinn and Audrey Tinline. The executive producer is Manuela Saragosa. Audio mix by Sean McGarrity and original music by Breen Turner. Studio engineers: Andrew Georgiades and Petros Gioumpasis. The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Sir Keir Starmer has announced a new national policing unit to tackle violent disorder as he vows to “put a stop” to unrest on British streets led by far-right “thugs”. But will it be enough to prevent a summer of riots? And is the unrest symptomatic of wider concerns? Lucy Fisher discusses these questions with colleagues Miranda Green, Camilla Cavendish and Anna Gross. Plus, after the chancellor Rachel Reeves accused the last Tory government of “lying” about its spending commitments, the group get to the bottom of the matter. They also examine Labour’s willingness to take on pensioners.Follow Lucy on Twitter @LOS_Fisher, Miranda on @greenmiranda, Anna on @AnnaSophieGross and Camilla on @CamCavendishWant more?  Keir Starmer announces new violent disorder unit as police brace for more riotsPolice make arrests after riot in UK town where girls died in mass stabbingWho is to blame for the UK government’s overspending?Rachel Reeves says she will raise taxes at the BudgetThe volatile far right on UK streets is becoming more difficult to labelTo take part in an audience survey, and get the chance to win a pair of Bose QuietComfort 35 Wireless Headphones, click here. Click here to find T&Cs for the prize draw.Sign up for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award: https://ft.com/insidepoliticsofferPresented by Lucy Fisher. Produced by Leah Quinn and Josh Gabert-Doyon. The executive producer is Manuela Saragosa. Audio mix by Sean McGarrity and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The chancellor Rachel Reeves is about to confront the British public with the size of the black hole in the country’s finances. A funding shortfall of about £20bn is likely to lead to tax rises at the Budget later this year. So — how to fix the problem? The FT’s political editor George Parker sits down with colleagues Stephen Bush and Robert Shrimsley to consider the government’s options. Plus, the FT’s infrastructure correspondent Gill Plimmer outlines the scale of the debacle that is the cancellation of the high-speed rail link between Birmingham and Manchester. Want more? Free links:Rachel Reeves to pave way for UK Budget tax rises in ‘spending audit’Expect a Tory leadership race mired in bitter and personal fightsThames Water’s credit rating slashed to ‘junk’Britons may need to be put off taking trains due to HS2 curtailment, watchdog says Follow George on X @GeorgeWParker, Stephen @stephenkb. Robert @robertshrimsley, Gill @gillplimmer1Sign up for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award: https://ft.com/insidepoliticsofferPresented by George Parker. Produced by Audrey Tinline.The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. The FT’s global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Sir Keir Starmer plans to hand more powers to metro mayors in what has been dubbed a ‘devolution revolution’. Host Lucy Fisher speaks with politics reporter Rafe Uddin, deputy political editor Jim Pickard and north of England correspondent Jen Williams about the merits of the proposal – as well as the potential backlash. Plus, the group discusses an internal dossier by Sue Gray that lists potential ‘bin fires’ in the new government’s in-tray, including the prisons capacity crisis, public sector pay disputes, cash-strapped universities and the possible collapse of Thames Water.Want more? Free links:The Labour government’s ‘inheritance’ retort will not work on everything‘Eat your greens’ politics brings its own dangersConservative party plans to unveil next leader in NovemberStarmer pledges to ‘fire up’ the training of UK workers to boost growthWhy Labour’s pledge to fix the Tory mess means tax risesTo take part in an audience survey, and to be in with the chance to win a pair of Bose QuietComfort 35 Wireless Headphones, click here Click here to find T&Cs for the prize draw.Follow Lucy on X @LOS_Fisher, Jim @PickardJE, Rafe @rafeuddin_ and Jen @JenWillians_FTSign up for 90 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award: https://ft.com/insidepoliticsofferPresented by Lucy Fisher. Produced by Manuela Saragosa. Audio mix and original music by Breen Turner. The FT’s global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Sir Keir Starmer took the chance to extend the hand of friendship to Britain’s neighbours when he hosted the European Political Community summit in Blenheim Palace on Thursday. The FT’s Lucy Fisher is joined by political editor George Parker, columnist Stephen Bush and public policy editor Peter Foster to discuss how far Britain wants to deepen relations with the EU again. Plus, the team examine the King’s Speech — analysing what Starmer has prioritised and what he’s shelved for now. To take part in the audience survey Lucy mentioned, and to be in with the chance to win a pair of Bose QuietComfort 35 Wireless Headphones, click here Click here to find T&Cs for the prize draw.Follow Lucy on X @LOS_FisherWant more?  Keir Starmer opens door to processing asylum claims outside UKSign up for 90 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award: https://ft.com/insidepoliticsofferPresented by Lucy Fisher. Produced by Philippa Goodrich with Leah Quinn and Persis Love. The executive producers were Topher Forhecz and Manuela Saragosa. Audio mix by Simon Panayi and original music by Breen Turner. The FT’s global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.