

The Edition: how the Bank broke Britain, Zelensky’s choice & the joys of mudlarking
Jul 17, 2025
Michael Simmons, Economics Editor at The Spectator, discusses how the Bank of England's decisions have contributed to Britain's economic turmoil, attributing much blame to Andrew Bailey and the ongoing fiscal mismanagement. Owen Matthews, writer and expert on Ukraine, reveals the decline in public faith in President Zelensky amid rampant corruption and military challenges. The conversation also touches on the intriguing practice of mudlarking, where people search riverbanks for lost historical treasures, highlighting its rising popularity as a form of escapism.
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UK Economic Crisis Is Present
- Britain's economic crisis is already here, marked by a halt in long-term policy planning.
- Daily focus on fiscal black holes limits serious governmental decisions and growth.
Bank Enabled Politicians' Recklessness
- Politicians' reckless spending was enabled by the Bank of England's cheap money policy.
- Andrew Bailey delayed raising rates, reinforcing the illusion of free money.
Central Banks Misjudged Inflation
- Central banks across the West were reluctant to restrict funds during COVID crisis.
- Failure to recognize inflation risks caused prolonged economic damage and paralysis.