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The Capitalist

Despatch: Mel Stride, Robert Colvile, David Miles and Alys Denby

Season 1

Rachel Reeves entered her first Budget with a familiar refrain—blaming the Conservatives for the difficult choices ahead. But now, the focus has shifted to her own decisions, particularly the impact of tax rises on business confidence, jobs, and growth. Can her latest fiscal measures break Britain free from economic stagnation, or have they only deepened the challenge? CapX Editor-in-Chief Robert Colvile leads a live discussion with Shadow Chancellor Mel Stride, David Miles from the OBR Budget Responsibility Committee, and Alys Denby, Opinion and Features Editor at City AM.

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    Marc Sidwell dissects the Reform's shaky new tax proposal, the backlash against expert critique, and what it all says about the state of political debate. From Britain’s fragile finances to America’s protectionist turn, CapX's editor makes the case for returning to a more grounded, common-sense approach to economics — one that recognises trade-offs, not magical solutions.
  • 24. How to reduce energy prices

    22:13||Season 1, Ep. 24
    Oil prices are on the rise following US strikes on Iranian nuclear sites — with fears mounting over how Tehran might retaliate. Marc Sidwell is joined by Daniel Freeman of the Institute of Economic Affairs to assess the economic fallout. Plus: the government makes lower energy costs the centrepiece of its new industrial strategy, but will it be enough to spark real growth? And with inflation easing and confidence wavering, is it finally time to cut interest rates?
  • Despatch: On Track in Coventry

    04:31||Season 1
    Coventry’s sleek new very-light-rail system is now in test mode, with 2,000 residents invited aboard. In this special Despatch, policy thinker Samuel Hughes explores how the project could offer a smarter, faster — and much cheaper — way to deliver public transport in Britain. Could this be the blueprint for the future of urban mobility?
  • 23. How tax really affects growth

    30:21||Season 1, Ep. 23
    CapX editor Marc Sidwell is joined by economist Andrew Lilico and political strategist John Oxley to unpack a volatile moment in the global economy. From the fallout of Israel’s escalating conflict with Iran to the knock-on effects of surging oil prices, we take stock of the risks facing markets—and what they could mean for Britain. Closer to home, Chancellor Rachel Reeves presses ahead with a £113bn infrastructure plan, even as welfare cuts spark unease within Labour ranks. Plus: Britain’s productivity problem is back in the spotlight. Are we too squeamish about automation—and is now the moment for a bold leap into the robot age?
  • Despatch: Is Rachel Reeves ready for the coming crisis?

    05:59||Season 1
    Economist Andrew Lilico casts a sharp eye over the Chancellor’s first Spending Review — and finds it lacking. Beyond the rhetoric, the message is sobering: health spending is set to surge while almost every other department faces quiet, compounding cuts. The NHS will grow to dominate Britain’s public finances — even as Rachel Reeves eyes new tax rises to make the numbers add up. So, what happens when the backlash begins? Tune in for a clear-eyed take on the week’s most important speech.
  • 22. Spending Review: Health, Policing, and Reform’s Rise

    32:07||Season 1, Ep. 22
    With the Chancellor’s spending review looming, ministers are jostling for funds. But with public services under pressure and growth still sluggish, is the government backing the right bets? Plus: what’s really behind Reform UK’s rise in the polls? As support swells in areas hit hardest by poverty, our guests unpack the party’s shifting economic message — and what it reveals about voter discontent in Labour heartlands. CapX’s Marc Sidwell is joined by Maxwell Marlow of the Adam Smith Institute and Alys Denby from City AM for a brisk tour through the week’s economic flashpoints — and what they mean for Britain’s political future.
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    06:30||Season 1
    Former Chancellor Jeremy Hunt offers a spirited defence of Britain’s open-market tradition — and a sharp rebuke of Trump’s tariff tactics. As the world shrugs off ‘Liberation Day’, Hunt argues it’s not America but open economies like Britain that are poised to thrive. With historical perspective and policy punch, he lays out why trade still matters, how globalisation lifted billions out of poverty, and why the UK can lead again — if it chooses to stay open. Despatch is our weekly highlight of the best writing from CapX's daily briefings, brought to you by the team behind The Capitalist.
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    34:02||Season 1, Ep. 21
    President Trump’s tariff blitz hits a legal snag — but he's showing no signs of backing down. Marc Sidwell is joined by National Review Institute’s Dominic Pino and the journalist Harry Phibbs to assess what comes next for transatlantic trade. Plus: can Britain turn Washington’s assault on academia into an opportunity? And as China races ahead in the humanoid AI stakes, could Britain still take a seat at the table?
  • Despatch: Life, Liberty, and the Pursuit of Cheese

    06:08||Season 1
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