How the Bank broke Britain, Zelensky’s choice & the joys of mudlarking

Jul 17, 2025

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First up: how the Bank of England wrecked the economy

Britain’s economy is teetering on the brink of a deep fiscal hole, created by billions of pounds of unfunded spending – never-ending health promises, a spiralling welfare bill and a triple lock on the state pension, which will cost three times as much as originally estimated.

Although politicians ‘deserve much of the blame for the economic state we’re in’, it’s Andrew Bailey – Michael Simmons argues in the magazine this week – who ‘has enabled their recklessness’.

He joined the podcast to discuss who really broke Britain with Kate Andrews, Deputy Editor of The Spectator’s world edition and former Economics Editor. (01:15)

Next: has Ukraine lost faith in Zelensky?

Whilst Donald Trump’s surprise ‘newfound support for Ukraine is a welcome lifeline’, Owen Matthews writes in the magazine this week, ‘the question is whether his help will be enough to stop Russia’s relentless attacks before Ukraine is engulfed in a critical military, political and social crisis that threatens to destroy it from within’. Ukraine is running out of men, and is racked by corruption scandals and purges. As a consequence, public faith in Volodymyr Zelensky is declining.

To discuss what’s next for Ukraine, Owen joined the podcast. (24:29)

And finally: the joys of mudlarking

In the arts section of the magazine this week, Margaret Mitchell reviews a new exhibition at the Museum of London Docklands on mudlarking – the practice of combing at low tide for washed-up items of historical interest. These can include everything from statues of Roman gods and goddesses to the common vape – and it’s a hobby that is booming in popularity.

To discuss, Margaret joined the podcast alongside Lara Maiklem, mudlarker and Fellow of the Society of Antiquaries. (41:07)

Hosted by William Moore and Gus Carter.

Produced by Oscar Edmondson.

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