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13min chapter
78. What impact would another Trump presidency have on the UK?
The Rest Is Money
Revealing the Black Hole in Public Finances
The chapter delves into the revelation by Rachel Reeves about a significant black hole in public finances, leading to a crisis in funding for essential services like prisons and the military. It discusses hidden liabilities like the cost of maintaining nuclear defense capabilities contributing to an estimated 50 billion-pound deficit. The episode explores the challenges the current government faces in addressing the financial crisis without resorting to austerity measures or breaking tax-related promises.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode