Political Fix

• Markets or Trump: who’s in charge?

  The markets have gone haywire since Donald Trump’s announcement — and then pause— of a host of new US tariffs. Host Lucy Fisher is joined by Political Fix regulars George Parker and Miranda Green, plus FT markets columnist Katie Martin, to discuss the impact of this week’s turbulence and what it means for Prime Minister Sir Keir Starmer and the UK going forward. As parliament takes a break for Easter recess, the panel also discusses the political year so far.Have a question for our panel? Drop us a line at [email protected]. Record a voice note with your name and question, and email it to us. Follow Lucy on Bluesky or X: @lucyfisher.bsky.social, @LOS_Fisher; Miranda @greenmirandahere.bsky.social; George @GeorgeWParker @georgewparker.bskyb.social and Katie @katie0martin.ft.com Want more? Free links: The hopeless search for Trump’s cunning plan Theresa May: ‘Keep calm and keep talking to Trump’Scott Bessent, the Treasury secretary shaping Trump’s trade warGovernment offers to buy British Steel as negotiations continueWhat do young Britons really think?Listen to Katie’s on the Unhedged podcast here, or by searching ‘Unhedged’ where you listen. 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 Lulu Smyth, with help from Fiona Symon. The executive producer is Manuela Saragosa. Original music and mix by Breen Turner, with help this week from Fiona Symon. 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.

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• Trump’s trade war: trouble ahead for Britain

  Donald Trump has shaken up the global economy with his seismic new tariffs this week. UK exports to the US will now face a 10 per cent levy – less than many other countries, but still a major headache for Britain’s fragile economy. Host Lucy Fisher and FT colleagues Robert Shrimsley, Jim Pickard and Peter Foster examine the pain this could inflict at home, and what Sir Keir Starmer can – and should – do in response. Plus, ministers have unleashed a raft of policies aimed at longer-term growth, including the expansion of Luton airport. Are these headline-grabbing gimmicks or sensible tactics?Follow Lucy on Bluesky or X: @lucyfisher.bsky.social, @LOS_Fisher, Jim @pickardje.bsky.social, Robert: @robertshrimsley.bsky.social, @robertshrimsley, Peter: @pmdfoster @pmdfoster.bsky.social Have a question for our panel? Drop us a line at [email protected]. Record a voice note with your name and question, and email it to us. Want more? Free links: Britain avoids worst of Trump’s tariffs, but risks remain for Stamer UK will refocus quangos to clear ‘way for progress’, says minister UK treasury confident Sizewell C nuclear power investors will soon be ‘teed up’ Can Cambridge be a model for kick-starting the British economy?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 Lulu Smyth, with help from Fiona Symon. The executive producer is Manuela Saragosa. Original music and mix 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.

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• Doom, gloom and not much headroom: Spring Statement

  Rachel Reeves was forced to slash spending to balance the books in her Spring Statement this week. Welfare spending will be cut more deeply than initially trailed, prompting warnings that 250,000 people — a fifth of them children — could be plunged into poverty. Economists also fear the chancellor will face further tough choices — more cuts or a fresh tax raid — in the autumn. Host Lucy Fisher is joined by the FT’s George Parker and Stephen Bush, as well as economics commentator Chris Giles to discuss the winners and losers, and the main economic takeaways. The panel also examines the impact of Donald Trump’s escalating tariff war on Britain and the global economy. Follow Lucy on Bluesky or X: @lucyfisher.bsky.social, @LOS_Fisher, Stephen Bush @stephenkb.bsky.social, @stephenkb George Parker @GeorgeWParker @georgewparker.bskyb.social, Chris Giles @chrisgiles.ft.comHave a question for our panel? Drop us a line at [email protected]. Record a voice note with your name and question, and email it to us. Want more? Free links: From miserable to mediocre: the Reeves challenge continues Spring Statement did not stem the fiscal doom loop Reeves’ repair job avoids tax increases – for now Ministers play down likely rise in poverty from UK welfare cuts, says charity 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 Lulu Smyth. The executive producer is Manuela Saragosa. Original music and mix 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.

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• Austerity redux? Spring Statement lookahead

  It’s crunch time for chancellor Rachel Reeves next Wednesday, when she will present her Spring Statement to parliament. Downgraded growth forecasts and deep spending cuts to unprotected departments loom. Host Lucy Fisher is joined by regulars Miranda Green, Jim Pickard, and the FT’s economics editor Sam Fleming to debate whether Labour is ushering in a new era of austerity. Plus, FT Brussels bureau chief Henry Foy joins the panel to discuss Europe’s mounting security crisis and how it’s affecting the UK’s reset with the EU.Follow Lucy on Bluesky or X: @lucyfisher.bsky.social, @LOS_Fisher, Jim Pickard @pickardje.bsky.social @PickardJE, Miranda Green @greenmirandahere.bsky.social, Henry Foy @HenryJFoy, @henryjfoy.ft.com, Sam Fleming @Sam1FlemingHave a question for our panel? Drop us a line at [email protected]. Record a voice note with your name and question, and email it to us. Want more? Free links: What will be in Rachel Reeves’ Spring Statement? Starmer is zigging where Blair zaggedEU to exclude US, UK and Turkey from €150bn rearmament fundEurope is only half awake from its long sleep 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 Lulu Smyth. The executive producer is Manuela Saragosa. Original music and mix 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.

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• Starmer’s ‘Project Chainsaw’: the NHS, Whitehall, welfare

  “The world’s largest quango is scrapped” – that’s how the government framed the abolition of the NHS management body this week. It was the latest target in Sir Keir Starmer’s so-called ‘Project Chainsaw’, his plan to streamline the state. Host Lucy Fisher is joined by FT colleagues Stephen Bush, Robert Shrimsley and Anna Gross to discuss the prime minister’s reforms and whether they will drive any improvement in public services. The team also discusses the Labour rebellion brewing over welfare cuts, plus the latest dramatic developments engulfing the Reform party. Follow Lucy on Bluesky or X: @lucyfisher.bsky.social, @LOS_Fisher, Stephen @stephenkb.bsky.social, @stephenkb, Robert @robertshrimsley.bsky.social, @robertshrimsley, Anna annasophiegross.bsky.social @AnnaSophieGrossWant more? Free links: Starmer to abolish NHS England Starmer to target ‘cottage industry of blockers’ in overhaul of regulatorsSir Keir Starmer suffers cabinet uprising over UK spending cuts Musk expresses support for rival to Reform UK as feud in Farage’s party intensifies 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 Lulu Smyth. The executive producer is Manuela Saragosa. Original music and mixed 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.

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