US trade deal: ‘a political win, not an economic win’
On Thursday afternoon Prime Minister Keir Starmer gave a speech about closing the long-awaited UK-US trade deal. Not that his announcement went without a hitch however; after first directing lobby journalists to the wrong Jaguar Land Rover factory in Coventry, Starmer then had his limelight stolen by the election of a new Pope. Although, Labour’s ‘historic’ trade deal has pipped the Pope on most front pages.
The reception has been positive across government too, with many heralding a political win for Labour – just when they really needed one after the local elections. But is this an economic win as well? Critics say the deal is shallow, clearly just a start, and are at pains to point out that we are still in a worse trading position than earlier this year. Meanwhile, the governor of the Bank of England intervened to urge the government to ‘do everything’ it can to rebuild trade with the EU.
Lucy Dunn speaks to James Heale and Michael Simmons.
Produced by Oscar Edmondson.
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10:58
White smoke on a US trade deal
It’s a massive day for the Labour government and for Keir Starmer, as the UK becomes the first country to sign a trade deal with the US following the tariff turmoil of last month. Donald Trump described it as a ‘full and comprehensive deal’ … although we are still waiting for some of the details to be thrashed out. What we do know is this: the 25 per cent tariff on UK steel and aluminium has been removed and the rate on most car exports has been slashed from 27.5 per cent to 10 per cent. In return, the UK is removing the tariff on ethanol for US goods and has agreed ‘reciprocal market access on beef’. So far there is no word on the digital services tax, and Britain is still liable to pay the 10 per cent baseline tariff rate.
On both sides of the pond, the deal is being described as ‘historic’ by leaders who – for their own reasons – could really do with a win. But who does this deal favour? Is it a coup for Starmer – or Trump?
Oscar Edmondson speaks to Kate Andrews and Michael Simmons.
Produced by Oscar Edmondson.
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15:04
Do the Tories hate free trade? Plus, Reform hits new polling high
Lots to talk about today, including new polling which puts Reform on 29 points compared to the Tories on just 17. We’ve also just had the first PMQs since the local elections. But the trade deal announced yesterday between the UK and India is dominating the headlines, with many concerned about some of the concessions made – namely the decision to exempt some short-term Indian workers from national insurance as part of the new agreement. This comes barely a week after the local elections, where immigration has been widely considered the most salient issue.
The Conservatives have gone on the attack, despite the fact that a trade deal with India was supposed to be one of the major gains from Brexit – an example of how Britain could ‘venture out into the world’ and open up trade with fast-growing economies. Are the Tories now against free trade?
Interestingly, Kemi Badenoch omitted to ask about the trade deal at PMQs today, choosing instead to question Keir Starmer on the ongoing concerns around winter fuel and the pressure from many elements within his party to at least water down the policy. Can Starmer afford to U-turn?
James Heale speaks to Michael Simmons and Paul Goodman.
Produced by Oscar Edmondson.
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14:56
Why Reform’s rise isn't a surprise
It’s day five of recriminations after the local elections, with politicians, pollsters and journalists alike still trying to make sense of what just happened. On today’s podcast, Rachel Wolf gives her verdict: we should not be shocked by Reform’s surge. She argues that Nigel Farage’s success should have been predicted – that it’s the same, distinctly anti-political silent majority who ‘surprised’ us during Brexit, ‘surprised’ us in 2019 and are ‘surprising’ us now.
How will Labour respond? Will they U-turn on winter fuel? And is Boris Johnson the only one who can win back these disillusioned voters for the Tories?
Oscar Edmondson speaks to James Heale and Rachel Wolf, CEO of Public First and former adviser to Boris Johnson.
Produced by Oscar Edmondson and Megan McElroy.
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14:24
Ash Regan on the rise of Reform in Scotland, what is a woman and why ‘no-one resigns anymore’
In this special edition of Coffee House Shots, Lucy Dunn speaks to the Holyrood leader of the pro-independence Alba party, Ash Regan. Regan was formerly a member of the SNP and even ran to be the party’s leader after Nicola Sturgeon resigned in 2023. She defected to the late Alex Salmond’s Alba party 18 months ago and ran for party leader after his death.
On the podcast, she talks to Lucy about the difference between Alba and the SNP, the threat of Reform in Scotland, the ‘performative’ nature of Scottish politics, the Supreme Court ruling over what is a woman, and why she was right to resign over the Gender Recognition Bill.
Produced by Oscar Edmondson and Patrick Gibbons.
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