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Labour’s beef with farmers
36:20|After winning swaths of rural seats in the general election, Labour’s relationship with the countryside has nosedived, amid a row over the government’s plan to impose inheritance tax on some farms. Host Lucy Fisher is joined by Political Fix regular Jim Pickard and political correspondent Anna Gross to discuss the changes to agricultural property relief and the wider political fallout. The team also dissects the row over Rachel Reeves’ CV edit and scrutinises her past remarks about her career. Plus, FT foreign editor Alec Russell joins to discuss what happens next in the Ukraine war after Kyiv fired US and UK-made long-range missiles into Russia for the first time this week. Follow Lucy on X: @LOS_Fisher, Jim @PickardJE, Anna @AnnaSophieGross, Alec @AlecuRussellWant more? Thousands of farmers protest in London against tax changesUkraine fires British Storm Shadow missiles into RussiaRussia fires intercontinental ballistic missile at Ukraine for first time, Kyiv saysNew book from UK shadow chancellor Rachel Reeves lifts from WikipediaUK government borrowing for October exceeds forecasts at £17.4bnJoin Lucy Fisher, Peter Foster, Stephen Bush and Miranda Green for a 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/tgbRead the FT’s Best Politics Books of the Year 2024 list, curated by the FT’s chief foreign affairs commentator Gideon Rachman.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 Tamara Kormornick. The executive producer is Manuela Saragosa. Audio mix 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
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EU or US? UK plays piggy in the middle
37:54|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.comThe UK in Trump’s world
44:29|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.comLive Budget special: How will the UK secure growth?
58:18|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.comNew chancellor, new rules
37:13|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.comCabinet fightback: the revolt over spending
37:33|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.comMartin Wolf on the UK economy: ‘Why I’m worried’
41:24|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