Markets, Yields and Political Double Standards

This week the Rocket welcomes former Prime Minister Liz Truss to discuss next week’s Budget as well as the co-pilots diving into the latest political issues. From the dramatic U-turn on immigration by the Home Secretary, Shabana Mahmood, to the creeping tax rises hidden in Rachel Reeves's upcoming budget, there’s more than enough madness to unpack.

They ask if the Home Secretary Shabana Mahmood's new rhetoric to crack down on immigration is real, and will her plans work? Alison dissects the proposals, arguing that a new 'work and study' route for migrants is a disaster and a perverse incentive to enter the UK illegally. Liam, while acknowledging the political risk for Mahmood, suggests the reforms are more rhetorical than real.

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Read Allison ‘Why Tesco Cancelled Christmas’:

https://www.telegraph.co.uk/news/2025/11/19/why-tesco-cancelled-christmas/ |

Read Allison: ‘Why Shabana Mahmood’s asylum plans won’t make a blind bit of difference’:

https://www.telegraph.co.uk/news/2025/11/18/shabana-mahmood-misguided-asylum-plans/ |

Read more from Allison: https://www.telegraph.co.uk/authors/a/ak-ao/allison-pearson/ | 

Read Liam ‘Milei’s ‘shock therapy’ makes Britain’s current reforms look utterly feeble’: https://www.telegraph.co.uk/business/2025/11/16/mileis-shock-therapy-britains-current-reforms-look-feeble/ |

Read more from Liam: https://www.telegraph.co.uk/authors/liam-halligan/ |

Read Liam’s Substack: https://liamhalligan.substack.com/ |

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