Listener question: Should the UK cut arts fun...

Scott Bessent said the US would expand the scope of secondary sanctions on Iran, and JPMorgan Chase is relaxing its approach to lending money against shares in companies that have recently gone public. Plus, US private equity growth funds raised a record amount of capital in the ...  Show more

US Federal Reserve chair Kevin Warsh will seek to soothe investors’ nerves at this week’s Jackson Hole symposium, Andy Burnham is headed to Ukraine for his first overseas trip as Britain’s prime minister, and Saudi Arabia held talks with London brokers for a state-backed war insu ...  Show more

Should the UK impose a ‘War Levy’ on VAT to raise immediate funds for defence? How much independence does Starmer have over the nuclear arsenal? And, what happened to the funds intended for Ukraine support raised by the sale of Chelsea football club? Join Rory and Alastair as th ...  Show more

The UK government is planning major defence reforms, at the cost of welfare programmes – drawing public anger. European members of NATO are under pressure to increase their military budgets. But could they defend themselves without U.S. support? In this episode: Paul Beaver, Defe ...  Show more

Talk grows ever-louder of Britain exiting the European Union without a divorce agreement. Most parliamentarians would rather avoid that—but can they do anything to stop it? We join a Ukrainian military exercise as the country seeks to beef up defences that were nearly wiped out b ...  Show more

The UK has been criticised for failing both to fulfil its rhetoric on sanctions and on opening the door to refugees fleeing Vladimir Putin's war in Ukraine. Is it due to Whitehall incompetence, political leadership or domestic politics? We also discuss how the e ...