The Intelligence from The Economist
Right down: Le Pen barred
Apr 1, 2025
Marine Le Pen, the charismatic leader of the National Rally party, discusses a recent court ruling that bars her from the 2027 presidential race and its repercussions for French politics. She delves into her immigration policies and how this setback may shift voter sentiment. Additionally, Anne Rowe reflects on the life of Oleg Gordievsky, the KGB officer turned British spy, highlighting his disillusionment with the Soviet regime. The podcast also tackles rising rents in affluent countries, driven by economic changes and migration trends, affecting younger generations.
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Quick takeaways
- Marine Le Pen's recent court ruling barring her from elected office severely impacts her National Rally party's future in French politics.
- Rising rents driven by increased interest rates and migrant demand reflect a broader economic challenge affecting multiple countries in the rich world.
Deep dives
Rising Rental Costs and Economic Impact
Rents have been rising significantly across various regions, reaching the fastest increases seen in decades. In countries like Australia, the UK, and Portugal, rent hikes have approached 10% year on year, while France has seen an increase of about 2% annually. This surge can be attributed to higher interest rates making homeownership less attainable, thus driving more individuals into the rental market. Additionally, the influx of migrants, who typically seek rental properties due to limited financial resources, has further intensified the demand.
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