William Davies, a sociologist and political economist from Goldsmiths University, dives into the UK’s economic challenges with host Tom. They discuss Labour's substantial tax increases and whether these measures can effectively stabilize public finances. The conversation tackles the tension between technocratic governance and populist pressures, the housing crisis amid rising inequality, and Labour's strategic outreach to financial giants like BlackRock. Davies questions if long-term economic plans will resonate with everyday voters facing immediate issues.

Political economist William Davies discusses the poor state of the UK's public finances, analyzing the impact of past Conservative rule and chaotic events like Brexit and the Truss-Kwarteng 'mini-budget'. The conversation explores the potential economic strategies of a likely Labour government, including initiatives like the National Wealth Fund and Great British Energy proposed by Rachel Reeves.