The Rest Is Money 112. What Trump’s Economics Means For Us
Nov 14, 2024
A lively discussion kicks off with the implications of Trump's economic policies and their potential effects on the UK. The hosts debate the love-hate relationship between businesses and Labour, questioning the viability of Starmer's ambitious clean energy goals by 2030. They delve into the challenges of appointing business leaders like Elon Musk to government and the impact of current economic policies on UK businesses. Plus, they tackle the daunting task of transforming the energy sector and meeting CO2 reduction commitments.
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Cabinet Appointments
- Robert Peston jokingly suggests cabinet positions for himself and Steph McGovern in a future Starmer government.
- McGovern proposes she handle levelling up, while Peston envisions a behind-the-scenes role influencing policy.
Musk's Efficiency Role
- Elon Musk's appointment raises concerns about potential conflicts of interest, given his vast business holdings and regulatory role.
- His success often involves large expenditures, raising questions about government efficiency.
Tariff Complications
- Global supply chains complicate tariff strategies, as many products have components from various countries.
- Trump's potential steel and aluminum tariffs could significantly impact UK businesses and the global economy.