Former Leader of the Labour Party, MP for Doncaster North
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The co-Leadership bid of Ellie Chowns and Adrian Ramsay represents continuity for the Greens - they sit in Parliament and have proven they can win seats, but is their friendly language enough to cut through to the British public? Rival Zack Polanski says his alternative “eco-populist” vision can bring the fight to Reform and win. Ellie and Zack sit down with Nish and Coco to make the case for their competing visions for the future of the Green Party - and answer your questions. Elsewhere - Nish and Coco dive into Labour's union troubles and take a peek at Ed Miliband's “radical truth telling.” CHECK OUT THESE DEALS FROM OUR SPONSORS WISE https://www.wise.com SHOPIFY https://www.shopify.co.uk/podsavetheuk Guests: Ellie Chowns Zack Polanski Useful links: Join the Green Party https://join.greenparty.org.uk/ Audio Credits BBC Parliament TV Pod Save the UK is a Reduced Listening production for Crooked Media. Contact us via email: PSUK@reducedlistening.co.uk BlueSky: https://bsky.app/profile/podsavetheuk.crooked.com Insta: https://instagram.com/podsavetheuk Twitter: https://twitter.com/podsavetheuk TikTok: https://www.tiktok.com/@podsavetheuk Facebook: https://facebook.com/podsavetheuk Youtube: https://www.youtube.com/@PodSavetheUK Learn more about your ad choices. Visit megaphone.fm/adchoices
The revelation that the government concealed a huge story about the resettlement of people from Afghanistan after their lives were put at risk by a data breach has left Westminster reeling. So why was it allowed to be kept secret for so long? And what could the fallout be? The Guardian's political correspondent Kiran Stacey joins John Harris to discuss. Plus, Harris speaks to Ed Miliband, the energy security and net zero secretary, about his plans to tackle the climate crisis, why it's becoming a culture war issue, and how to combat that. And, what does the public really think about net zero? Harris asks Sophie Stowers, a pollster from More in Common. Help support our independent journalism at theguardian.com/politicspod
Secrets, lies and spies are on the agenda for this week and your co-pilots are here to make sense of the madness.Allison is horrified by the secrecy surrounding the Ministry of Defence data leak, which has been estimated at a potential cost of £7bn to the UK tax payer, without any oversight or accountability of where people will be settled around the Country.Meanwhile Liam focuses on the news inflation has increased and the warning that the Labour tax increases are curtailing growth, which could lead to the dreaded term ‘stagflation'.Stowing away this week is MD of REIDsteel, Simon Boyd, who lays out his case for Ed Miliband's net zero policies being ‘dangerous'.Read Allison: ‘Starmer is sacrificing our troops on the altar of human rights law' https://www.telegraph.co.uk/news/2025/07/15/starmer-sacrificing-british-troops-on-altar-of-human-rights/ |Read more from Allison: https://www.telegraph.co.uk/authors/a/ak-ao/allison-pearson/ |Read Liam: ‘Reeves needs to take a leaf out of Gordon Brown's book‘ https://www.telegraph.co.uk/business/2025/07/13/reeves-needs-take-a-leaf-out-gordon-brown-book/ |Read more from Liam: https://www.telegraph.co.uk/authors/liam-halligan/ |Need help subscribing or reviewing? Learn more about podcasts here: https://www.telegraph.co.uk/radio/podcasts/podcast-can-find-best-ones-listen/ |Email: planetnormal@telegraph.co.uk |For 30 days' free access to The Telegraph: https://www.telegraph.co.uk/normal | Hosted on Acast. See acast.com/privacy for more information.
Hace un año Keir Starmer se convirtió en primer ministro tras ganar con mayoría absoluta las elecciones. Durante sus años en la oposición diagnosticó acertadamente los males del Reino Unido: una percepción de estancamiento, retroceso y decadencia nacional. Prometió restaurar la prosperidad y la esperanza mediante reformas moderadas y pragmáticas, no excesivamente ambiciosas, pero con metas concretas. Esta estrategia le permitió acceder al poder con una mayoría parlamentaria abrumadora. Una vez en el Gobierno, Starmer presentó su "Plan para el Cambio” enfocado en objetivos tangibles. El primero era la estabilidad económica, con baja inflación y finanzas públicas sólidas. Sin embargo, un año después, la inflación se mantiene casi un punto y medio por encima del objetivo del 2%. Los rendimientos de los bonos estatales a diez años han alcanzado máximos no vistos en dos décadas, y los laboristas han revertido los recortes que anunciaron en prestaciones sociales para cuadrar el presupuesto. En materia de seguridad fronteriza ha habido algún avance parcial. La migración neta se ha reducido a la mitad, aunque esto era previsible tras el pico de 2023. Starmer ha endurecido la política migratoria y se ha comprometido a reducir la cola de solicitantes de asilo pendientes. Para 2029, aspira a eliminar el uso de hoteles para alojarlos y planea repatriar a los rechazados. No obstante, los esfuerzos por desmantelar las redes de traficantes de personas han sido infructuosos: en 2024, 43.000 migrantes cruzaron el Canal en pateras, un 38% más que el año anterior. Donde Starmer ha brillado más es en el ámbito internacional. Ha proyectado una imagen de estadista consumado, se ha hecho incluso a Donald Trump, ha mejorado las relaciones con la Unión Europea y ha revisado la política de defensa. El Gobierno planea elevar el gasto en defensa del 2,3% al 2,6% sobre el PIB para 2027, con aspiraciones de llegar al 3,5% en 2035. Pero el eje central de su agenda, la economía, no ha despegado. Desde las elecciones, el crecimiento ha sido de un modesto 0,8%. La decisión de la canciller de Hacienda, Rachel Reeves, de aumentar las cotizaciones empresariales a la seguridad social en octubre fue duramente criticada, al igual que un proyecto de ley sobre derechos laborales, que ha generado descontento en el sector privado. Otro desafío pendiente es la vivienda. Los laboristas se propusieron construir 1,5 millones de nuevas viviendas en cinco años, pero hasta ahora solo se han levantado algo más de 200.000. Un proyecto de ley de planificación urbana avanza lentamente en el Parlamento y podría impulsar la construcción a largo plazo, pero no resuelve el problema de forma inmediata. En sanidad, el compromiso era mejorar el Servicio Nacional de Salud (NHS) poniendo el énfasis en la prevención, altas hospitalarias más rápidas y adopción de la inteligencia artificial. Pero las listas de espera para especialistas no han disminuido. En cuanto a la delincuencia, Starmer prometió reforzar la policía, lo que se está implementando, pero las estadísticas de criminalidad permanecen prácticamente idénticas a las de hace un año. La política energética también presenta luces y sombras. El secretario de Energía, Ed Miliband, levantó la moratoria sobre turbinas eólicas terrestres, ha aprobado grandes proyectos solares y ha creado GB Energy para posicionar al Reino Unido como superpotencia en energías limpias. El ambicioso objetivo es que el 95% de la electricidad provenga de fuentes bajas en carbono para 2030, frente al 58% actual. La operadora de la red nacional ha advertido que esto no es realista. Mientras tanto, las facturas de la luz siguen siendo elevadas para los consumidores. En resumen, tras un año en el poder, Starmer parece haber desperdiciado gran parte de su impulso inicial. A pesar de su amplia mayoría parlamentaria, su posición es más frágil de lo aparente: obtuvo solo el 32% de los votos, su popularidad está en mínimos históricos, y la derecha, aunque fragmentada, ha ganado terreno significativo. Con cuatro años por delante, el Gobierno laborista debe acelerar reformas para evitar que la percepción de crisis persista. Para tratar este tema y aprovechando que estoy en el Reino Unido hoy nos visita Andrea, con quien hablaré sobre este primer año de Keir Starmer. · Canal de Telegram: https://t.me/lacontracronica · “Contra la Revolución Francesa”… https://amzn.to/4aF0LpZ · “Hispanos. Breve historia de los pueblos de habla hispana”… https://amzn.to/428js1G · “La ContraHistoria de España. Auge, caída y vuelta a empezar de un país en 28 episodios”… https://amzn.to/3kXcZ6i · “Lutero, Calvino y Trento, la Reforma que no fue”… https://amzn.to/3shKOlK · “La ContraHistoria del comunismo”… https://amzn.to/39QP2KE #FernandoDiazVillanueva #keirstarmer #reinounido Escucha el episodio completo en la app de iVoox, o descubre todo el catálogo de iVoox Originals
Die Britse minister van Energie en Klimaatsverandering, Ed Miliband, sê die jongste klimaatverslag is 'n duidelike waarskuwing oor die dringendheid om klimaatsverandering aan te pak. Die verslag bevestig dat die Verenigde Koninkryk se klimaat aansienlik verskil van vorige dekades, met uiterste hitte en reënval wat die norm word as gevolg van mensgemaakte aardverwarming. Die verslag dui ook aan dat die Britse seevlakke vinniger styg as die wêreldgemiddelde. Miliband het in die Parlement die regering se verbintenis tot die aanpak van klimaatsverandering beklemtoon:
My hometown newspaper, The Shepparton News, has undergone a remarkable change - it's now almost entirely a digital publication, switching from five print editions each week to just two. However, it will still be available to subscribers seven days a week via its digital editions.The change brings many benefits, particularly for those who follow this podcast, as all those stories the newspaper publishes about climate-related issues will be available in text-to-audio style and so can be included with the first being: "Locals encouraged to make the switch to electric living";"Transition to net-zero emissions";"It's Paradise Lost as Climate Change Remakes Europe's Summers";"Storms drench spots on hot, humid D.C. Saturday";"Trump Hires Scientists Who Doubt the Consensus on Climate Change";"Trump Is Gutting Weather Science and Reducing Disaster Response";"Trump's big toxic bill will cost America – and the world";"Trucks are big polluters, but can batteries make them cleaner?";"Strung out: Power line problems put nation's renewable rollout on backburner";"AI tool tracks early hurricane formation";"Climate Change Degrades Nutritional Value of Crops, Study Finds";"Millions of Tons of Tiny Plastic Particles Are Polluting the Ocean, Study Finds";"Ed Miliband would let a turbine farm destroy Brontë country. We need net zero, but at what cost?";"Science Moms lean into ‘humanness' to educate on climate change risk";"Adapting to climate decline";"Europe's Leaders Are Doing Something Disastrous";"Going it alone – how not to prepare for climate change";"Ancient WA rock art given UNESCO World Heritage status after 20-year campaign";"‘We don't want to be climate refugees': Torres Strait uncles fear for their islands and their people";"The solar battery rebate has arrived – here's how to steer clear of scammers";"Trump defends Texas flood handling as disaster tests vow to shutter Fema";"The Texas flood, Australia and the psychology of evacuation";"More than half of koalas relocated to NSW forest died in failed government attempt at reintroduction";"What's happened to Australia's green hydrogen dream? Here are 5 reasons the industry has floundered";"Air Pollution Can Speed Aging, New Study Finds, but Measuring Other Factors Is Challenging";"Climate activists victim of flakey arrests";"Weather tracker: supercharged storms hit Texas's ‘Flash Flood Alley'";"Deadly floods could be new normal as Trump guts federal agencies, experts warn";"‘A war of the truth': Europe's heatwaves are failing to spur support for climate action";"England's reservoirs at lowest level for a decade as experts call for hosepipe bans";"Jeff Hardy: Promoting Global Change for Sustainable Peace to Secure the Second Human Evolution";"Futurist says there are three stages of human evolution - and we're currently in the second phase";"We should be paying more for our energy. Here's why".
'The British way of life is under mortal threat... but not from climate change!'Head of Reform UK's Department of Government Efficiency Zia Yusuf reacts to Ed Miliband's latest comments on net zero measures and climate change. Hosted on Acast. See acast.com/privacy for more information.
In this episode of the Everything Electric Podcast, we sit down with Chris Stark, Head of the UK's Mission Control for Clean Power 2030 within the Department for Energy Security and Net Zero. From building the UK's energy dashboard to delivering on ambitious targets, Chris takes us behind the scenes of the nation's clean power revolution. We cover everything from offshore wind auctions and retrofitting homes, to the huge challenge of delivering 95% clean electricity by 2030. Listen to Chris' insights on:
Susan Hulme reports as the climate change secretary, Ed Miliband, answers MPs questions about warming weather.
It's Monday morning. Oli and Ava talk Wimbledon, Donald Tusk's dinner, and Ed Miliband reminding the Commons that climate change exists. All this and Mapgate, an exclusive scoop from the West Midlands broken by Oli's dad. Hosted on Acast. See acast.com/privacy for more information.
Ed Miliband, the UK Energy Secretary, is proposing the relaxing of regulations so that people can build wind turbines in their back gardens. So, should we be doing the same here?Joining Seán to discuss is Environmental Journalist John Gibbons...
Ed Miliband, the UK Energy Secretary, is proposing the relaxing of regulations so that people can build wind turbines in their back gardens. So, should we be doing the same here?Joining Seán to discuss is Environmental Journalist John Gibbons...
In this episode of the Fully Charged Show Podcast, Imogen Bhogal sits down with Ed Miliband, the UK's Secretary of State for Energy Security and Net Zero. Miliband is on a mission to transform Britain into a clean energy superpower by 2030, aiming to cut bills, create jobs, and enhance energy security through zero-carbon electricity - despite being dubbed a "net zero zealot" by some newspapers.... They delve into the ambitious target of 95% clean energy by 2030 and explore the huge challenges and opportunities that lie ahead. Ed discusses the government's current actions, the politicisation of climate action, and how they plan to bridge the gap between long-term goals and immediate benefits for households. When will those bills really start to come down?! @EverythingElectricShow @fullychargedshow This episode is sponsored by Duracell Energy! Enter the Free Prize Draw to WIN your own Duracell Energy bunny here: https://www.duracellenergy.com/givaway/ Get a free quote for solar and battery from Duracell Energy here: https://bit.ly/4i9ERid Free Prize Draw Terms & Conditions can be found here: https://www.duracellenergy.com/wp-content/uploads/2025/01/Prize-Draw-2025-Puredrive-Energy-Ltd.pdf Why not come and join us at our next Everything Electric expo: https://everythingelectric.show Check out our sister channel: https://www.youtube.com/@fullychargedshow Why are our episodes now sponsored? https://fullycharged.show/blog/dan-caesar-on-x-insta-youtube-and-why-we-made-a-contro[…]s-on-fully-charged-everything-electric-electric-vehicles-uk/ Support our StopBurningStuff campaign: https://www.patreon.com/STOPBurningStuff Become a Fully Charged SHOW Patreon: https://www.patreon.com/fullychargedshow Buy the Fully Charged Guide to Electric Vehicles & Clean Energy : https://buff.ly/2GybGt0 Subscribe for episode alerts and the Fully Charged newsletter: https://fullycharged.show/zap-sign-up/ Visit: https://FullyCharged.Show Find us on X: https://x.com/Everyth1ngElec Follow us on Instagram: https://instagram.com/fullychargedshow To partner, exhibit or sponsor at our award-winning expos email: commercial@fullycharged.show Everything Electric CANADA - Vancouver Convention Center - 5th, 6th & 7th September 2025 Everything Electric SOUTH (UK) - Farnborough International - 10th, 11th & 12th October 2025 Everything Electric AUSTRALIA VIC - 14th, 15th & 16th November 2025 #fullychargedshow #everythingelectricshow #homeenergy #cleanenergy #battery #electriccars #electricvehicles #netzero #DEZNZ #energysecurity #edmiliband #ukgovernment
What lessons should progressive political parties who want to win elections be learning? Adrian Goldberg hears from Sam Alvis a former Labour party advisor, who worked in Jeremy Corbyn's shadow treasury team and with Ed Miliband on energy policy. Sam recently returned from Washington, where he met with Joe Biden's former White House staff, along with Senators and Representatives to ask what went wrong for the Democrats. Sam has co-written a report for the Institute of Public Policy Research called "It's The Cost Of Living, Stupid", riffing on Bill Clinton's former mantra, and it comes as Sir Keir Starmer's Labour government sets out a long term industrial strategy for the UK. Produced in Birmingham UK, by Adrian Goldberg. Learn more about your ad choices. Visit megaphone.fm/adchoices
Energy Voice caught up with Darren Davidson, vice president of Siemens Energy UK&I. He tells us how he started his career as an apprentice before rising through the ranks to leading one of the UK's most significant energy industry companies. Recently UK energy secretary Ed Miliband chose Davidson's wind turbine factory in Hull to launch his clean power 2030 plan, highlighting just one area of the company's successful green energy growth stories in the UK.
The chancellor, Rachel Reeves, has promised £14bn of investment to build the Sizewell C nuclear power plant, kicking off what the energy secretary, Ed Miliband, says will be a ‘golden age for clean energy abundance'. But for critics, the technology's high costs and lengthy construction times have always eclipsed the benefits of abundant low-carbon electricity. Ian Sample is joined by the Guardian energy correspondent Jillian Ambrose to find out why the UK government is backing nuclear and whether it will help Britain hit its target of net zero by 2050. Help support our independent journalism at theguardian.com/sciencepod
This week, Energy Voice Out Loud (EVOL) looks at the UK's spending review as Scottish energy secretary Gillian Martin says "we need more welders", and a former oil worker writes to Nigel Farage for support. First up, the EVOL trio of Aberdeen features lead Ryan Duff, reporter Mat Perry, and E-FWD editor Ed Reed discuss Westminster's support for Acorn. It finally happened, the UK government committed to stumping up cash for the Acorn and Viking CCS projects, however, its spending review document was a little light on details. It's worth noting that after this week's recording session, Ed Miliband appeared in Peterhead to announce £200m for Acron. Next up, news editor Erikka Askeland spoke with Gillian Martin about the importance of welders in the energy transition as the first cohort of learners on a welding and fabrication pilot training scheme graduated as part of a £100,000 program funded by Ocean Winds. Finally, we discuss Reform UK and its support for nuclear (which seems to be aligned with Labour's love of reactors) and its disdain for turbines. However, when Reform gets into power, is it really as against the "utter madness" of net zero as leader Nigel Farage lets on?
Morse code transcription: vvv vvv Eurostar plans direct trains from London to Frankfurt and Geneva Greta Thunberg deported, Israel says, after Gaza aid boat intercepted Chinas electric cars are cheaper, but is there a deeper cost David Bull named new chairman of Reform UK Ed Miliband defends winter fuel payment U turn Alice Figueiredo We quit our jobs, sold our home twice and spent 10 years fighting the NHS Ballymena Disorder in town after alleged sexual assault of girl Ketamine swapped for salt as smugglers exploit Europe loophole in booming market Garden gun maker manufactured assassination kits for crime groups Civil servants told to consider quitting if they disagree with policy over Gaza
Morse code transcription: vvv vvv Ketamine swapped for salt as smugglers exploit Europe loophole in booming market Civil servants told to consider quitting if they disagree with policy over Gaza Garden gun maker manufactured assassination kits for crime groups David Bull named new chairman of Reform UK Greta Thunberg deported, Israel says, after Gaza aid boat intercepted Ed Miliband defends winter fuel payment U turn Eurostar plans direct trains from London to Frankfurt and Geneva Ballymena Disorder in town after alleged sexual assault of girl Alice Figueiredo We quit our jobs, sold our home twice and spent 10 years fighting the NHS Chinas electric cars are cheaper, but is there a deeper cost
Morse code transcription: vvv vvv Ketamine swapped for salt as smugglers exploit Europe loophole in booming market Civil servants told to consider quitting if they disagree with policy over Gaza Ballymena Disorder in town after alleged sexual assault of girl Garden gun maker manufactured assassination kits for crime groups Alice Figueiredo We quit our jobs, sold our home twice and spent 10 years fighting the NHS Eurostar plans direct trains from London to Frankfurt and Geneva David Bull named new chairman of Reform UK Greta Thunberg deported, Israel says, after Gaza aid boat intercepted Ed Miliband defends winter fuel payment U turn Chinas electric cars are cheaper, but is there a deeper cost
The team return to discuss Labour's Winter Fuel Allowance U-turn, the lack of police funding in the latest spending review, Greta Thunberg's intercepted flotilla and Ed Miliband's rap name. They also report on the closing of the gates to Hell, a 200-year-old condom and the dramatic capture of Tennessee's most wanted fugitive – Ed the Zebra. If you enjoy the podcast, please give us a 5-star rating on Apple Podcasts or Spotify and make sure you subscribe there so you don't miss an episode! For updates on the show and to get involved in future 'Missing Words Rounds', make sure you're following Have I Got News for You on Instagram, TikTok and X (formerly known as twitter) and get in touch with us there or emailing podcasts@hattrick.com. Your hosts are Jack Harris Queenie Miller Emerald Paston And Mike Rayment The Producer is Diggory Waite The Executive Producer is Claire Broughton The Music is by Big George In the News This Week is a Hat Trick Podcast
'The UK is deeply uncompetitive as a result of our high energy costs.''Who's responsible for that?''Red Ed!'Shadow Business and Trade Secretary Andrew Griffith and Labour MP Jonathan Hinder clash over the impact of Labour's Net Zero drive on the cost of living. Hosted on Acast. See acast.com/privacy for more information.
Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe [CB]/[WEF] are pushing their green agenda in Europe, this will fail like everything else. The UK is going to mandate solar panels and slowly cut the power to homes. Elon brought attention to the bill and now the people are thinking logically about the bill, cutting through the noise. The [CB] players are exposed. Time to end it all. The [DS] is now pushing back because they are losing. When the [DS] pushes physical violence it means they are losing the information war. They know who to control the violence and Trump and the patriots are counting on this. Trump is now testing the those who surround him, are they with him or is it an illusion. We are now seeing the beginning stages of an insurrection. Trump released the NG, Scavino sent the message before this occurred. We are witnessing the art of war play out. Justice is coming to the treasons criminals. Economy UK Makes Solar Panels Mandatory On Most New Homes The “vast majority” of new homes in England will soon be fitted with solar panels as standard, UK energy secretary Ed Miliband has confirmed. Developers warned of added costs and bureaucratic hurdles. The announcement, part of the forthcoming Future Homes Standard set for release this autumn, aimed to slash household energy bills and nudge the UK closer to its net-zero ambitions. Miliband, speaking to the BBC on June 6, called the plan “just common sense,” claiming solar panels could Developers estimated solar installations could add £3,000 (€3,560) to £4,000 (€4,750) to construction costs per building. Source: zerohedge.com (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/SenAdamSchiff/status/1931176882906820609 https://twitter.com/elonmusk/status/1931181783950979193 Stephen Miller goes scorched earth for Trump's BBB… https://twitter.com/elonmusk/status/1930336497208832059?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1930336497208832059%7Ctwgr%5E41a0f813ed129b48a4979ca8a73f7c03b079999f%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Frevolver.news%2F2025%2F06%2Fstephen-miller-goes-scorched-earth-for-trumps-bbb%2F In clip after clip, Miller dismantles the misinformation and lays out exactly why the BBB is a game-changer. He explains the bill's “front-end” benefits, which are tax relief for working families, welfare accountability, and border enforcement that finally has really sharp teeth. But just as important is the back-end structure, which he says was carefully crafted to ensure Trump, not some rogue bureaucrat, controls its execution. Some conservatives are upset at the deficit chatter. But Miller clarifies that most of that noise is coming from the CBO and libertarian purists who see tax cuts as a liability. He says the BBB slashes spending by over $1.6 trillion while delivering massive relief to working-class America. Miller suggests this is not your average GOP compromise. This is MAGA, legislated. He also says this is literally a “working-class” bill. Does the BBB cut enough spending? Stephen says yes. Watch: Miller's calling it a “dream bill,” the kind of America First win he never thought possible in such a divided country. Watch: Some have called to break the bill up,
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comIf you enjoy this article. Please like it, share it and so on. It all helps. I thank you.It's time for my annual slagging off of silver. Why now?Because, according to one of my WhatsApp chats, it's breaking out.Silver is always breaking out. It never actually does.Was ever there a metal with as much potential as silver? Probably not.Was ever there a metal you could so wholly depend on to let you down? If there is, I'm not aware of it (though these past 15 years, platinum has been running it close).But maybe, just maybe this time is different.Really?Let's start with a bit of gossip from the front line.I have three mates who are CEOs of silver mining companies, as you do. All three of them, based in Latin America, have reported back with the same story.Typically, a miner would pay a company — usually a refiner — to take ore off their hands, treat and smelt it, so it can be sold. So-called off-take agreements would usually amount to $120–180 per tonne of ore. But, at the moment, refiners aren't charging anything. Somebody is subsidising it all.Could it be that humongous, commodity-guzzling nation that begins with a C, I wonder?It wants silver for all those solar panels Ed Miliband is buying.The way things are behaving and moving at the moment, it's starting to feel like we are moving into a proper commodities bull market. Maybe 2021–22 was just the appetizer.Stop! Don't get excited. It's silver we're talking about here.The case for silver runs roughly as follows:We are in an age of currency debasement, therefore you want to own hard assets. In such an inflationary environment, the monetary metals — gold and silver — perform best. Silver has been money since forever. It is natural money etc etc.Let's just address that before we move on.Gold is still used as money in the store-of-value sense of the word. National banks keep it. Institutions keep it. Individuals keep it. Gold's role was always more store of value than medium of exchange. Historically, we used silver, copper and nickel for all but high-value transactions.Silver was not used as a store of value to the extent gold was. Its function was more, as I say, as a medium of exchange. That role has long gone. The gold rushes of the 19th century did for silver.Long story — it's in my book, which comes out in August — but to cut it short, the vast increase in gold supply enabled nations to abandon silver. In the case of the US, it was the Coinage Act of 1873 — or as silver bugs like to call it, the Crime of '73 — that began the end of silver as official money. In the UK — largely thanks to the Portuguese discoveries of gold in Minas Gerais (again, long story, it's in the book) — the process began a good 150 years earlier.In these cashless times, there is little chance of silver regaining its role as medium of exchange.As a result, looking at gold-to-silver ratios — it now takes about 100 ounces of silver to buy an ounce of gold — and saying we are going back to the historical average of 12 or 15:1 is mistaken. There may well only be 15 times as much silver in the Earth's crust as gold (making 15:1 the natural ratio) but without its role as money, this is just not going to happen. Not for any prolonged period.In the last 100 years, we have only touched this level once — Thursday, March 27, 1980. Uncommon circumstances. Two brothers were trying to corner the silver market.Silver's role as money is as good as over. Silver bugs hate me when I say that. But I can only say it like I see it.Physical silver in your possession is nobody else's liability — I get that — and it is outside of the financial system — I get that too. There are many reasons to invest in silver. I own physical silver. But expecting it to be monetised again should not be one of them.If you are thinking of buying silver or gold bullion, the bullion dealer I use and recommend is the Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. Find out more here.If Armageddon comes, you'll be glad you own silver — maybe — but there will be bigger problems on your plate. Like Armageddon.Everywhere silverSilver has widespread industrial use, especially in these times of mass electrification. You could write a book about the industrial uses of silver, there are so many. It might not be a very good book, but it would be long.From medical equipment to electrical appliances, it's almost harder to find things that don't contain silver than things that do. Every smartphone has silver in it; every computer; every jet engine; every solar panel. The best batteries contain silver. It's used in detergent, deodorant, wart treatment, antimicrobial lab coats, 3D printing, plastics, jewellery, wood preservation, water purification — it's like a picks-and-shovels play on new tech and the growing middle class of the developing world.Annual silver demand stands at around 1.2 billion ounces. Roughly 60% of that demand — 700 million ounces — comes from industry (500 million from electrical and electronics, half of which is solar panels); 22% from jewellery and silverware; and 18% from investment.Annual supply is about one billion ounces (80% mining, 20% recycling) — so the market is in deficit. Hence the current rising price.Most silver is produced as a bi-product of other mines, especially lead and zinc (eg at one point BHP Billiton was the world's largest silver producer).There is, however, a romance to silver. It catches the public imagination — occasionally with explosive results. It did in 1980 when it went to $50 (it had been $2 just a few years earlier). It did again in 2011 when it revisited $50 before collapsing. It nearly took off during Lockdown Meme Mania, but didn't quite get going.As a result of this romance, it has a tendency to go bananas every few years — but it never lasts. Does romance? Sometimes, if you're lucky.There is also the issue of silver price suppression, which some use to explain every sell-off in the silver markets. There's nothing any of us can do about that — even if true — so let's not go there.Silver will at some point revisit $50. At some other point it will get above that figure. The mother of all narratives will take hold, and silver will probably end up going to $100 or even $200.At which point you want to be owning silver stocks …It will also, at some point, revisit $15. That's when you don't want to be owning silver stocks.Here is 100 years of silver prices. If you give any credence to such things, there is the mother of all cup-and-handle formations appearing (that's a super bullish pattern), which I have drawn in blue. It projects prices towards the $100/oz mark.It's also apparent on the 50-year chart. (I haven't drawn it here - I'll let you visualise).Silver has been in a bull market since summer 2022, but it has, broadly speaking, followed rather than led gold. It's now come up against a wall at around $35.You could say it's a triple top.Then again, the more times you test a level, the less likely it is to hold — particularly when each low is higher than the last, as is the case here.But these last few weeks, all of a sudden, silver is leading gold.What's more, silver miners are leading silver. That's what makes me bullish.Here is the silver miners' ETF, SIL (NYSE: SIL) — and you can see, just as they're saying in my WhatsApp chats — the silver miners really have broken out.I haven't seen this in a long time. Miners leading!!!!! WTF?This is why I'm saying it's starting to feel like a proper metals bull market.So how am I playing this?What are the best ways to invest in silver and profit?
How did Ed Miliband recover from Labour's 2015 defeat and decide to remain in politics? Can the Energy Secretary win the argument for Net Zero against the likes of Tony Blair and Nigel Farage? Is it possible to be in politics and be a good parent? Sign up to Revolut Business today via: https://get.revolut.com/z4lF/leading, and add money to your account to get a £200 welcome bonus. This offer's only available until 7th July 2025 and other T&Cs apply. TRIP Plus: Become a member of The Rest Is Politics Plus to support the podcast, receive our exclusive newsletter, enjoy ad-free listening to both TRIP and Leading, benefit from discount book prices on titles mentioned on the pod, join our Discord chatroom, and receive early access to live show tickets and Question Time episodes. Just head to therestispolitics.com to sign up, or start a free trial today on Apple Podcasts: apple.co/therestispolitics. To get an exclusive 60% off an annual Incogni plan, go to Incogni.com/leading Instagram: @restispolitics Twitter: @RestIsPolitics Email: restispolitics@gmail.com Social Producer: Harry Balden Video Editor: Teo Ayodeji-Ansell Assistant Producer: Alice Horrell Producer: Nicole Maslen Senior Producer: Dom Johnson Head of Content: Tom Whiter Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices
How did Ed Miliband's childhood being raised by survivors of the Holocaust shape his politics? How did his role mediating between Blair and Brown earn Ed the moniker ‘Emissary from planet F***'? What was it like to take on his own brother in the Labour leadership race? Sign up to Revolut Business today via: https://get.revolut.com/z4lF/leading, and add money to your account to get a £200 welcome bonus. This offer's only available until 7th July 2025 and other T&Cs apply. To get an exclusive 60% off an annual Incogni plan, go to Incogni.com/leading TRIP Plus: Become a member of The Rest Is Politics Plus to support the podcast, receive our exclusive newsletter, enjoy ad-free listening to both TRIP and Leading, benefit from discount book prices on titles mentioned on the pod, join our Discord chatroom, and receive early access to live show tickets and Question Time episodes. Just head to therestispolitics.com to sign up, or start a free trial today on Apple Podcasts: apple.co/therestispolitics. Instagram: @restispolitics Twitter: @RestIsPolitics Email: restispolitics@gmail.com Social Producer: Harry Balden Video Editor: Adam Thornton Assistant Producer: Alice Horrell Producer: Nicole Maslen Senior Producer: Dom Johnson Head of Content: Tom Whiter Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices
Labour leader Ed Miliband awkwardly ate a bacon sandwich at New Covent Garden Market on 21st May, 2014. Mid-bite, eyes squinting, lips oddly parted, and fingers clumsily gripping the sandwich - it was an instantly meme-able moment. The British press pounced. The photo became a viral sensation, with endless edits, spoofs, and headlines suggesting Miliband wasn't “human enough” to relate to the average voter. It was a perfect storm of bad optics, class-coded food politics, and the relentless image-focused nature of modern campaigning. The idea that someone couldn't even eat a sandwich “properly” became, bizarrely, a shorthand for unrelatability. In this episode, Arion, Rebecca and Olly unpick why this accidental photocall continued to resonate a year later, becoming a ‘defining image' of the 2015 general election; recall how David Cameron swerved a similar encounter with a hot dog; and discover how the Google results for this iconic moment have been somewhat interfered with… Further Reading: • 'Is this the moment Ed realised that the man who sold him this bacon sandwich is voting Tory? Labour leader's nationwide tour gets off to a difficult start' (Mail Online, 2014): https://www.dailymail.co.uk/news/article-2634977/Is-moment-Ed-realised-man-sold-bacon-sandwich-voting-Tory-Labour-leaders-nationwide-tour-gets-difficult-start.html • ‘The Defining Image of the British Election' (The Atlantic, 2015): https://www.theatlantic.com/international/archive/2015/05/ed-miliband-bacon-british-election/392867/ • 'Ed Miliband: 'The bacon sandwich didn't lose me the election'' (LBC, 2021): https://www.youtube.com/watch?v=O38SKEBPohU Love the show? Support us! Join
With all the tumult in UK and global politics, and the new Labor victory in Australia, we are re-releasing an episode with UK Labour Party Cabinet Minister and former Opposition Leader Ed Miliband. The topic - big politics! This episode was recorded in 2021.When can political parties be real change makers and produce big change? Ed Miliband, former Opposition Leader for the UK Labour Party shares some of the lesser known stories that have shaped his political identity and his ambitions for a politics that can go big. We discuss the role of labour and social democratic parties in the change making space. We reconsider the idea that ‘politics is the art of the possible' and Ed shares some of his insight into the kind of politics that is needed for these challenging times.For more on ChangeMakers check us out:Via our Website - https://changemakerspodcast.org (where you can also sign up to our email list!)On Facebook, Instagram, Threads - https://www.facebook.com/ChangeMakersPodcast/Blue Sky Social - changemakerspod.bsky.aocial & amandatattersall.bsky.socialOn X/Twitter - @changemakers99 or @amandatattsOn LinkedIn - Amanda.Tattersall Hosted on Acast. See acast.com/privacy for more information.
Ed Miliband is big trouble as unions and puppet master Tony Blair go against his net-zero madness. Plus we hear from Peter Hitchens on Trump's art of the deal in Ukraine. That and more.Wake up with Morning Glory in full on YouTube, DAB+ radio, Freeview 280, Fire TV, Samsung TV Plus or the Talk App on your TV from 6am every morning. Hosted on Acast. See acast.com/privacy for more information.
Tony Blair is making waves in Westminster today after his institute published a report on net zero that appears to undermine Ed Miliband and Labour's green agenda. In his foreword – while not directly critical of the UK government – he encouraged governments around the world to reconsider the cost of net zero. Many have compared Blair's comments to those made by Kemi Badenoch several weeks ago and questioned the timing – just 48 hours before the local elections. What is Blair up to? Should Labour listen to Tony? Also on the podcast, with the local elections tomorrow, we take one final look at the polling. With Labour expecting big losses, how can the party spin the results? James Heale speaks to the pollster James Johnson and John McTernan, former political secretary to Tony Blair. Produced by Oscar Edmondson. For tickets to our local elections shake-up event with Jacob Rees Mogg and Zia Yusuf, click here.
The morning political podcast which gives you all need for the day ahead in 20 minutes, with Sky News' Sam Coates and Politico's Anne McElvoy. Back on British soil, Anne joins Sam to talk about Trump's 100 days in office and whether the President is really in a tough spot. And there are reports that the US has decided a UK trade deal is a second or third order priority. Anne and Sam discuss why there has been a slowing down of the trade deal and - if and when it comes - will it be worth the wait? Also, Sir Tony Blair has made a public intervention on Ed Miliband's green agenda – he says there needs to be a radical reset of “irrational” net-zero policies because they are “doomed to fail”. But why is he doing this?
In the one-hundred-and-seventy-third episode, we explore Hypophora, starting with Trump showing his lack of foreign policy chops with regard to both Iran and Iraq, and then Donald Jr. minimizing COVID deaths.In Mark's British Politics Corner, we look at Kier Starmer accurately describing Boris Johnson, Boris Johnson inaccurately describing parties, and Ed Miliband mocking an elitist Tory.In the Fallacy in the Wild section, we check out examples from Monty Python and the Holy Grail, Mean Girls, and It's a Wonderful Life.Jim and Mark go head to head in Fake News, the game in which Mark has to guess which one of three Trump quotes Jim made up.Then we talk about the very many ways Trump lost in court over the past couple of weeks.And finally, we round up some of the other crazy Trump stories from the past week.The full show notes for this episode can be found at https://fallacioustrump.com/ft173 You can contact the guys at pod@fallacioustrump.com, on BlueSky @FallaciousTrump, Discord at fallacioustrump.com/discord or facebook at facebook.com/groups/fallacioustrumpAnd you can buy our T-shirts here: https://fallacioustrump.com/teeCreate your podcast today! #madeonzencastrSupport this podcast at — https://redcircle.com/fallacious-trump/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
This is a bit of a ranty one. I get my knickers in a twist over Ed Miliband being like a character from Despicable Me. Then I climb into Starmer for yet more shapeshifting. Then I have a right old moan about some women who couldn't bear to see their husbands having fun. CATCH ME ON MY TOUR ‘Basic Bloke 2: There's No Bloke Without Fire'. Book tickets here: https://www.livenation.co.uk/geoff-norcott-tickets-adp1252793 Watch my STAND-UP SPECIAL 'Basic Bloke' on ITVX: https://www.itv.com/watch/geoff-norcott:-basic-bloke/10a6363a0001B/10a6363a0001 Order the PAPERBACK EDITION of my book: https://www.amazon.co.uk/British-Bloke-Decoded-Everything-explained/dp/1800961308/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr= JOIN the Podcast Patreon and receive each episode early, AD-FREE & with bonus content https://www.patreon.com/geoffnorcott?fan_landing=true Join my MAILING LIST for priority Tour booking & special offers https://signup.ymlp.com/xgyueuwbgmgb Watch my COMEDY SPECIAL on YouTube https://youtu.be/YaxhuZGtDLs Learn more about your ad choices. Visit podcastchoices.com/adchoices
Morse code transcription: vvv vvv Ed Miliband considering regional energy pricing How Northamptonshire became a warehouse and mega sheds capital Five cards China holds in a trade war with the US My peanut allergy nearly killed me now I eat them every day Andrew Flintoff thought he had died in Top Gear crash People have been eating chocolate digestives wrong for 100 years Iceberg tracks found off UK coast could shed light on Antarctica Universal UK Century long plans made for Bedford theme park Vehicles to be freed from car park after two years Hamas iron grip on Gaza is slowly slipping as residents protest
Morse code transcription: vvv vvv Universal UK Century long plans made for Bedford theme park My peanut allergy nearly killed me now I eat them every day How Northamptonshire became a warehouse and mega sheds capital Andrew Flintoff thought he had died in Top Gear crash People have been eating chocolate digestives wrong for 100 years Hamas iron grip on Gaza is slowly slipping as residents protest Vehicles to be freed from car park after two years Ed Miliband considering regional energy pricing Five cards China holds in a trade war with the US Iceberg tracks found off UK coast could shed light on Antarctica
Morse code transcription: vvv vvv Vehicles to be freed from car park after two years People have been eating chocolate digestives wrong for 100 years How Northamptonshire became a warehouse and mega sheds capital Five cards China holds in a trade war with the US Universal UK Century long plans made for Bedford theme park Andrew Flintoff thought he had died in Top Gear crash My peanut allergy nearly killed me now I eat them every day Ed Miliband considering regional energy pricing Iceberg tracks found off UK coast could shed light on Antarctica Hamas iron grip on Gaza is slowly slipping as residents protest
Morse code transcription: vvv vvv Hamas iron grip on Gaza is slowly slipping as residents protest Five cards China holds in a trade war with the US How Northamptonshire became a warehouse and mega sheds capital Iceberg tracks found off UK coast could shed light on Antarctica People have been eating chocolate digestives wrong for 100 years Ed Miliband considering regional energy pricing Vehicles to be freed from car park after two years Andrew Flintoff thought he had died in Top Gear crash Universal UK Century long plans made for Bedford theme park My peanut allergy nearly killed me now I eat them every day
This week we look at Italy, Election in Canada, Australian Abortion; the retirement of Klaus Schwab; Terrorists kill Tourists in Kashmir; Is Katy Perry an Astronaut? Are Irish hairdressers the key to climate change? Ed Miliband's Hypocrisy; Teen Vogue on being Ecosexual; Is Have I Got News For You - funny? The IMF forecast for global economy; The Minecraft Music; Reading Chickens; the death of the Pope; Allah Sees Everything - including how you vote in the UK; Maggie Chapman and Trans Hysteria; Keir Starmer on Women - Before and After; Banks Bullying Mumsnet; Brigend Council promotes perversion to school children; Two tier justice in the UK - Bradford and the Met Police; Catholic Church grows in France; Feedback and Final Word; Fraser Nelson on Religion in the UK; with music from Blue Oyster Cult, Verdi, Elton John, the Barbershop Quartet, Jack Black, Warren Zevon, and the All Souls Orchestra.
The right are obsessed with Miliband and his zeal for net zero policies, but is there any basis for the argument that his net zero policies threaten economic growth? And what is their alternative strategy? Rock & Roll Politics is live at Kings Place on May 8th… there'll be a lot going on. Tickets available here. Subscribe to Patreon for live events, bonus podcasts and to get the regular podcast a day early and ad free. Written and presented by Steve Richards. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Simon Evans joins us this week in top form as we ask whether the Right might get a bit eggy with Donald messing up their money. We also look at the Govt's strategy for men's health and ask whether dying younger is actually cool. In the Patreon only we look at Labour's tiny discounts to the motor industry and generally bitch about Ed Miliband. CATCH ME ON MY TOUR ‘Basic Bloke 2: There's No Bloke Without Fire'. Book tickets here: https://www.livenation.co.uk/geoff-norcott-tickets-adp1252793 Watch my STAND-UP SPECIAL 'Basic Bloke' on ITVX: https://www.itv.com/watch/geoff-norcott:-basic-bloke/10a6363a0001B/10a6363a0001 Order the PAPERBACK EDITION of my book: https://www.amazon.co.uk/British-Bloke-Decoded-Everything-explained/dp/1800961308/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr= JOIN the Podcast Patreon and receive each episode early, AD-FREE & with bonus content https://www.patreon.com/geoffnorcott?fan_landing=true Join my MAILING LIST for priority Tour booking & special offers https://signup.ymlp.com/xgyueuwbgmgb Watch my COMEDY SPECIAL on YouTube https://youtu.be/YaxhuZGtDLs Learn more about your ad choices. Visit podcastchoices.com/adchoices
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comI don't normally put out market commentary on a Sunday, especially on a Sunday evening, but the events of last week were so extraordinary I feel I have to.We are in full-on crash mode, it seems. The price action reminds me of the Covid panic or even 2008. It almost doesn't matter what you own. Portfolios around the world have been battered.The declines in the final two days of last week, since so-called “Liberation Day”, when President Trump announced his tariffs, are roughly as follows:* Bitcoin: -1%* Gold: -3%* S&P 500: -9%* Nasdaq: -10%* Brent Crude: -12.5%* Copper: -13% (phew!)Magnificent Seven:* MSFT: -6%* GOOGL: -7%* AMZN: -13%* META: -14%* NVDA: -15%* TSLA: -15%* AAPL: -17%We are, of course, very long gold and bitcoin here at The Flying Frisby, so I guess we've come out of this comparatively unscathed. What's more, we have a good allocation to wealth preservation in the Dolce Far Niente portfolio. But our speculative positions, like everyone's, have been hit, and I'm angry with myself for not getting more defensive sooner. I've been saying for some time I don't like the price action one bit- eg here and here - and the words of that freaky preacher keep ringing in my ears.In any case, there's no point beating myself up. Life is easy in hindsight. Investing is even easier.I spent considerable time on Friday and Saturday reading and watching interviews, trying to understand exactly what these tariffs are about and what the implications are, and I think I have come up with something of a roadmap.We'll start by explaining the plan. Then we'll look at what comes next. And, finally, we'll look at what to do with some of our recent speculations.Why our opinion is irrelevantI'm a free-trade guy, or at least I was. I'm not quite sure what I am any more. But I'm not going to waste my time - or yours - here with arguments about whether tariffs are a good thing or not. There's no point. My time - and yours - would be as well spent howling at the moon. As far as I know, Donald Trump isn't a reader of The Flying Frisby. He knows his own mind and he's not going to turn to this Substack, or any of our social media feeds, for policy advice.Don't be like DT. Subscribe to the Flying Frisby.Tariffs are here, and they're here to stay. Trump is attempting a major economic redesign - the kind of reset that those who rail against economic injustice have been calling for for years. Now it's here, and as we look at our portfolios, many of us aren't so sure we want it.What I want to understand, first, is the logic behind the tariffs, then their implications, so we can best navigate them.The first thing to note I've already said: Trump isn't going to backtrack. As I watched tumbling share prices on Friday, I thought to myself—he's going to backtrack. He has to. But Trump isn't the Conservative Party, or indeed the Labour Party, changing tack at the slightest sign of discontent. Critics say he'll cave if stocks keep tanking, I'm not so sure. His track record suggests otherwise, and he's put a loyal and strong team together to back him up and implement his plan.He's going to give his tariffs longer than a couple of days to have an impact.Many say Trump hasn't properly thought this through. Of course, he has. He's been thinking about it night and day for years. He'll have been thinking about little else as he wrestles with the problem of how to reinvigorate industrial America. That doesn't mean his plan will work, but the idea he hasn't thought about it is just a facile invention of Trump perma-critics to use against him.Trump may be a bit of a clown - he has a comedic instinct and can't resist a gag - but he's not stupid. Clowns rarely are.Why Trump's doing what he's doingTrump intensely dislikes the decimation of industrial America, which began in the 1980s and still continues, with the outsourcing of manufacturing to Asia and elsewhere. Even 40 years ago , he was giving interviews about this (hence why I say he has thought it through) and he wants to restore it. That's part of what he means when he says, “Make America great again.”He can see that while the American coasts may have thrived, thanks largely to finance and tech, much of what is in between has not. This is the America he wants to make great again.There are two reasons he wants to revive American industry. First, is that he believes the model by which America takes on debt to buy cheap stuff from China is unsustainable and has to stop - and the sooner the better. So it's for the good of the American economy. Second, is for reasons of security. While China and the US may be trading partners now, they are also rivals, and if your rival is making your essential military and strategic equipment and components, whether it's semi-conductors, industrial and consumer electronics, pharmaceuticals or battery and energy storage systems, you have a big problem on your hands. Covid exposed just how fragile supply chains are, and Trump has taken it as an early warning sign.Something very similar, as readers of Daylight Robbery will know, happened in the US after its War of 1812 with the British, a war that lasted three years. The war badly exposed US over-reliance on British industrial goods, so the US introduced tariffs in 1816 to try and nurture and grow its own industry. Those tariffs ended up having grave long-term consequences (they were a major factor in the lead up to the civil war - but that was 45 years later). In the short term, they worked. (More on this here).Coming to America“Come and build your factories in the US,” Trump is saying. “Then you won't pay tariffs. Relocate from China, Mexico, Vietnam.”Here's a case in point. Jaguar Land Rover has already announced it's halting shipments to the US for one month. Now, this company's management - remember its recent rebrand? (see below) - is on the opposing side of the culture war to Donald Trump and MAGA, so that is one factor at play. But when I wrote my piece about how good self-driving Teslas are, a lot of people commented that the Jags are better. I don't know—I haven't been in one. But for sure, Jaguar Land Rover won't want to lose momentum or network effect in this all important arms race, particularly while Tesla is struggling: 45% off its recent highs, victim to nationwide vandalism and Elon Musk no longer the darling but the villain of the eco-warrior left. So what does Jaguar do now? Not sell into the all-important US markets? Pay 25% tariffs? Or build a factory stateside? I think the answer is fairly obvious.Whatever it chooses to do, it's going to take longer than a couple of days.With DOGE and the shrinking of the US state, meanwhile, there'll be plenty of workers to fill those new positions. As the US state shrinks, its private sector grows. That's the idea, anyway.His tariffs may lead to higher prices for American consumers, as many have pointed out, but not as high as widely thought, argues Treasury Secretary Scott Bessent in this recent interview with Tucker Carlson (a recommended watch, by the way). Bessent's calculations are that tariffs won't gouge consumers as much as feared. What's more, the revenue from tariffs could eventually enable lower levels of taxation back home, which will further ease pressure on US citizens, those who work at least.What about the upheaval Trump tariffs cause to the rest of the world? Not his problem. America first.Yet he's creating enormous uncertainty, and markets are tanking. On Friday, markets were in full panic mode, and the baby was being thrown out with the bathwater. What about that?The amazing stat which shows why Trump won't give two hoots about the stock market - for nowAt this point, I want to press upon you one of the most telling statistics I've seen for some time:* The richest 1% of Americans own 50% of US stocks, worth $23 trillion.* The bottom 50% of U.S. adults hold only 1% of stocks, worth $480 billion.If you expand to the top 10%, that group holds 87% of stocks, valued at $36 trillion. If I'm correctly inferring Bessent's comments, at this current point, Trump doesn't care about Wall Street, or Silicon Valley, or the parts of the US economy that have become so rich over the past 40 years. It's the bottom 50 - or even 80% - that Trump is concerned with. They hardly own any stocks, so the market mayhem won't matter so much to them. Wall Street has made good for decades. It can suffer a bit of pain while Main Street gets rebuilt.It's worth noting, by the way, that US equities were enormously overvalued when Trump took office, so some kind of correction had to happen anyway. The Shiller price-to-earnings ratio was at its third highest level in history (the only times it was higher was 2000 and 2007, and we all know what happened next). That's why Warren Buffett built up his enormous cash position two months ago ($330 billion). Buffett, by the way, really is a genius.Best to get the inevitable correction out of the way early in the Presidency. What's more, as Bessent points out, these market declines began several weeks ago with China's AI announcement of DeepSeek, the app that can do everything ChatGPT and Grok can do with much lower power use. Prior to that, the Magnificent Seven had driven the extraordinary gains seen in the S&P 500 over the previous 18 months. Strip them out, and the picture was much less rosy. (Now the Mag7're down 30-45%).Trump's announcement may have pricked the bubble, but a bubble is still a bubble and if one thing doesn't burst it, something else will.Trump's plan, meanwhile, (and I'm not saying it'll work, everyone will have their opinion) is not to boost the stock market. It is to reset the economy. The economy and the stock market are not the same thing.Some numbersThe US is trapped in a vicious debt spiral.$36 trillion is the current US National Debt. The US will spend $6 trillion this year, while only collecting $4 trillion in tax revenue. So there is a $2 trillion deficit. It will borrow the difference, and the debt will grow to $38 trillion. The DOGE plan is reduce the deficit by 1 trillion by getting rid of waste, corruption and more. The tariff plan is to raise another half trillion in revenue. Plus, as a result of tariffs, more business relocates to the US, which also increases revenue. Mass deregulation will also make doing business easier and further add to both economic growth and tax revenue. Then there is Trump citizenship plan. According to Grok, 1 million people worldwide could realistically afford to buy a US residency for $5 million. Let's say 10% of them did that. That's another $500 billion and the $2 trillion deficit is eradicated. Suddenly the US is running a surplus.This all means the US gets in a better position to lower taxes, which will further increase revenue (the golden rule of Daylight Robbery), because trade will increase as a result. Trump could lower corporation taxes to 15% which would be a lot more attractive than the rates of 20-30% paid in Europe. So business relocates to the US. He could lower income taxes, especially for high earners, thereby attracting higher earners to the US. Meanwhile, the cost of all that debt starts to come down, thereby freeing up even more capital.And, suddenly, you are in a virtuous cycle.These numbers make it look easy. But to get there takes an enormous fight - standing up to vested interests, taking on a cultural establishment that detests you, the media, the woke, Trump Derangement Syndrome and so on. It's not easy, and it requires a lot of backbone. The three essential keys to the Trump resetSo what fundamentals does this economic reset need, and how does the US get there?First, it needs cheap energy. Cheap energy is fundamental to economic growth: economies need energy. That's happening. Crude has fallen more than 10% since “Liberation Day”. Falls were turbocharged when, on Thursday, 8 OPEC nations made the surprise announcement that they were ending output cuts and increasing supply. Plus we have the domestic policy of drill baby drill. What with the plethora of natural gas and other shale energy co-products, we're going to see a lot of cheap energy. (Which is going to make our own Ed Miliband's high-energy-cost policies look even more deranged.)Second, it needs a cheaper dollar. A weaker dollar will encourage investment and relocation from overseas (it makes the US cheaper). That's happening too. Indeed, what was so unique about this week's panic is that the dollar—usually the first port of call in a financial storm—didn't rise (at least not at first). Here is the US dollar index. It's coming down. It's already down almost 10% from its highs. That means America just got 10% cheaper to invest in. A move back to the low 90s, or even below, would be ideal.What is the third component?And what next for markets?
Accomplice of the vile hook handed Islamic terrorist Abu Hamza is released with pathetic conditions leaving him free to commit terror again. Trump implements his tariffs on the world whilst Ed Miliband is considering charging everybody more for having a gas boiler. Plus, Starmer wants to show a creepy adult Netflix drama to your children.Wake up with Morning Glory in full on YouTube, DAB+ radio, Freeview 280, Fire TV, Samsung TV Plus or the Talk App on your TV from 6am every morning. Hosted on Acast. See acast.com/privacy for more information.
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comWe have more stock tips for you today with multibag potential.But first, let's get political.Remember how the Conservative Party from David Cameron onwards effectively abandoned the right and became social democrats?Increased state spending everywhere, so that instead of shrinking the state they grew it, more taxes, higher taxes, more planning and regulation, more quangos and experts, ‘owning' the NHS, green subsidies, Net Zero, social liberalism, MPs who didn't represent the views of the membership, increased immigration, weaker policing, increased crime - and so on. Those were the days, eh?The Tories were so bereft of first principle, and so terrified of the left, particularly the left-wing media, that they pandered to it and eventually became it.I remember going on podcasts 18 months ago making the argument that Labour would do the same thing and lurch right. After an insert-disparaging-adjective-here first six months, which saw Prime Minister Keir Starmer's approval ratings drop below even those of Rishi Sunak, we are starting to see that happen.With the books not balancing, suddenly spending is being cut. Not by a lot, but it's happening. Starmer has axed NHS England, something the Tories would never have dared do, criticising “two layers of bureaucracy”. We have what the Independent calls “Austerity 2.0” with cuts to disability benefits and welfare spending. The foreign aid budget has been cut to spend more on defence. All of a sudden he is as champion of small businesses. Heck, he's even fixing the potholes. Meanwhile, he is boasting on X about “securing our borders” and “removing illegal immigrants at the highest rate in 8 years”.“If you don't have the right to be in this country, then you shouldn't be here. It's that simple,” he said yesterday. Does that sound like a Labour leader or Nigel Farage?When fantasy meets realityThe next right-wing shoe to drop is fossil fuels.Ed Miliband's fantasies of climate justice and clean energy are slowly being exposed. His green delusion is going to be abandoned. If an economy is to grow, then it must consume more energy, not less. Wind and solar power are too expensive and too unreliable, never mind the damage they do to the environment and the carbon footprint they leave. They are already pledging to paint offshore wind farms black because of all the birds they are killing. Finally, an admission of the wildlife these things destroy.Offshore wind is not going to replace oil and gas. Fossil fuels remain a better, cheaper, cleaner and more reliable source of energy. For an already heavily taxed country that is living well beyond its means, where growth is the only thing that can save it, with the added pressure of Trump tariffs soon coming, needlessly expensive energy is not possible.The Reform party is making the cost of Net Zero one of its main lines of attack. All Labour has to do is further abandon the left of its party, a process which is already half complete, just as the Tories abandoned the right, and let Miliband go, which is inevitable anyway, and the Reform weapon is blunted.All the above is preamble to my main argument today. North Sea oil and gas is going to stage a comeback. This is going to happen, as sure as eggs are eggs. Political and economic reality mean it is inevitable. Otherwise, the national finances, and with them the Labour Government, evaporate. Power is more important to politicians than adhering to any zealotry, green or otherwise.The ban on new North Sea oil and gas licenses will be lifted. The taxes on North Sea oil companies will be lowered to incentivise activity (it's effectively 78% at present. Are legislators demented?). And all those companies that saw their businesses and market caps decimated by this deluded religion are going to make a comeback. Some will multiply many times over. That's what I think is going to happen, anyway. This also means, for we observers on the foothills of inconsequence, the time is nigh to buy North Sea oil and gas companies. So what are these companies and how do we invest?
Mike chats about the upcoming budget Labour said they'd never need and also talks to Iain Duncan Smith on the evil of China with Ed Miliband buying slave made solar panels from themWake up with Morning Glory in full on YouTube, DAB+ radio, Freeview 280, Fire TV, Samsung TV Plus or the Talk App on your TV from 6am every morning. Hosted on Acast. See acast.com/privacy for more information.
Britain's energy secretary, Ed Miliband, ordered the operator of the national electricity grid to investigate the power failure that closed Heathrow airport for most of Friday
Tommy Meskill, RTÉ's London Correspondent, and Sally Gethin, aviation expert on the Heathrow Airport closure.
Miatta Fahnbulleh was elected as the Labour MP for Peckham at the 2024 general election. Born in Liberia, her family fled west Africa as the region descended into civil war, eventually settling in north London when she was just 7 years old. Trained as an economist, having studied at Oxford and the LSE, she went on to work in the civil service and at various think-tanks. After serving as the CEO for the New Economics Foundation, she became a senior economic adviser for Labour working with Ed Miliband during his time as leader of the Labour Party. Ed is now her boss again – at the department for energy. On the podcast, Miatta talks to Katy Balls about how the value of public service was instilled early in her life, how politics weighs heavier in west Africa than in the UK, and what it's like to be considered a rising star in British politics. She also talks about the tough decisions this Labour government has had to make, from international aid to energy. She says that while the politics around energy are tough, the topic is intrinsically linked to Labour's success – bills must come down before the next general election. Produced by Patrick Gibbons.
Miatta Fahnbulleh was elected as the Labour MP for Peckham at the 2024 general election. Born in Liberia, her family fled west Africa as the region descended into civil war, eventually settling in north London when she was just 7 years old. Trained as an economist, having studied at Oxford and the LSE, she went on to work in the civil service and at various think-tanks. After serving as the CEO for the New Economics Foundation, she became a senior economic adviser for Labour working with Ed Miliband during his time as leader of the Labour Party. Ed is now her boss again – at the department for energy. On the podcast, Miatta talks to Katy Balls about how the value of public service was instilled early in her life, how politics weighs heavier in west Africa than in the UK, and what it's like to be considered a rising star in British politics. She also talks about the tough decisions this Labour government has had to make, from international aid to energy. She says that while the politics around energy are tough, the topic is intrinsically linked to Labour's success – bills must come down before the next general election. Produced by Patrick Gibbons.
Pippa Crerar and Kiran Stacey are joined by Ed Miliband, the energy security and net zero secretary, to discuss Labour's plans to tackle the climate crisis, the third runway at Heathrow and how secure the path to a greener future looks in the age of Trump. Plus, are cuts to welfare and foreign aid the best way to balance the budget?. Help support our independent journalism at theguardian.com/politicspod
After last week's bond market jitters, the Chancellor pledged to go ‘further and faster' to improve the UK's anaemic economic growth. It looks as though Rachel Reeves' hunt for growth could come at the expense of Labour's green agenda. Reeves is poised to make a series of announcements over the next month, starting with a softened stance on non-doms and approval for Heathrow's third runway – as well as expansions at Gatwick and Luton airports. The move indicates a shift in priorities, with economic growth taking precedence over climate targets. Ed Miliband, the Energy Secretary, is believed to be privately opposed to the airport expansion scheme. What happened to the ‘green Chancellor'? And is a power struggle emerging between two of the most influential Cabinet members? Also on the podcast: after criticism of Labour's education plans, is it really all Bridget Phillipson's fault? Or is there blame to share around? Katy Balls speaks to James Heale and Michael Gove. Produced by Oscar Edmondson.