Joined by Robert Shrimsley, Chief political commentator at the Financial Times, David Sheppard, Whitehall editor, and Miranda Green, Deputy opinion editor, the panel dives into Kemi Badenoch's recent conference speech and its potential impact on party dynamics. They discuss whether her pledge to scrap stamp duty reflects strength or desperation and analyze the implications for competition with Labour and Reform UK. The conversation also touches on a collapsed spying case involving China, raising questions about governmental transparency and strategy.