What happened at the Liaison Committee?
Coffee House Shots
The Spectator
4.4 • 2.1K Ratings
🗓️ 8 April 2025
⏱️ 15 minutes
🧾️ Download transcript
Summary
This comes on the day when there has been a momentary reprieve in the markets, which experienced a modest bounce – most likely as a result of suggestions from Trump that he is willing to negotiate with China. Markets seem to have priced in that these tariffs could be negotiated down, but that is of course a big 'if'. The question remains for Keir Starmer: what more can he do to protect the UK against economic meltdown? And will he have to break his fiscal rules to do so?
Oscar Edmondson speaks to Isabel Hardman and Michael Simmons.
Produced by Oscar Edmondson.
Transcript
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| 0:00.0 | This episode of Coffee House Shots is sponsored by Alliance Witten Investment Trust. From the OPEC |
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| 0:13.1 | doomed premiership. There has been no shortage of economic crises over the last 58 years. And yet, |
| 0:19.6 | throughout that time, every single year, without fail, |
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| 0:28.3 | dates all the way back to 1888. And today, we manage around £5 billion in assets. |
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| 0:46.3 | Hello and welcome to Coffee House Shots, the Spectators' Daily Politics Podcast. I'm |
| 0:50.9 | Oskrembnson, I'm joined by Michael Simmons and Isabel Hardman. And Michael, |
| 0:55.7 | the market turmoil is continuing, of course, but maybe slight reprieve this morning. |
| 1:02.2 | Yeah, so we seem to have had a bit of a bounceback day in the markets, really. The Futsi |
| 1:08.7 | is just closed here in London, and it's closed up 2.7%. The American stock |
| 1:16.5 | exchanges are kind of up a bit as well. They're obviously still down relative to the big drops we saw |
| 1:23.4 | at the end of last week and yesterday, but things seem to have recovered. On a personal note, |
| 1:28.5 | I just went and looked at my very small stocks and shares, I said. Everything's green for ones, |
| 1:34.0 | which is nice. Oh, amazing. I've been putting off looking. So now we've got that confirmation |
| 1:39.7 | from the economics editor. Everyone has a license to go and look now. Well, this is the thing. |
| 1:43.8 | I think you can look for the day. and it seems to have sort of come, this kind of positive change in markets. It seems to have come from two factors, really. One is people buying the dip. I think I wrote on coffee house the other day that on Thursday when the sort of turmoil was starting, we had one of the actually |
| 2:01.0 | the busiest days for kind of retail buyers, so, you know, people like us, thinking that there's |
| 2:06.3 | opportunities when things are priced low. But also it was a factor of, Donald Trump made some |
| 2:12.7 | comments about that he thought there was going to be a tariff deal with China and he was just waiting |
... |
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