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Financial Times

The Financial Times takes you into the corridors of power to unwrap, analyse and debate British politics with a regular lineup of FT correspondents and informed commentators. New episodes available every Friday.
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Political Fix

Fresh revelations about Peter Mandelson’s relationship with the convicted sex offender Jeffrey Epstein have sparked a political explosion in Westminster, reopening questions about Keir Starmer’s decision to return him to the heart of public life. Mandelson, the former UK ambassador to Washington, has resigned from the House of Lords and from the Labour Party, while a criminal investigation has been launched into allegations that he shared sensitive information with Epstein during his time as business secretary under Gordon Brown.

Starmer has apologised for appointing Mandelson and pledged to publish the files relating to his vetting for the ambassadorship, but with pressure growing on his leadership, how can the prime minister and the Labour Party hope to move on?

Host Lucy Fisher is joined by Jim Pickard, Stephen Bush and Ashley Armstrong to discuss the fallout.

Follow the panel on Bluesky - Lucy @lucyfisher.ft.com; Jim @pickardje.bsky.social; and Stephen @stephenkb.bsky.social 

Want more? Free links: 

Keir Starmer apologises to victims of Jeffrey Epstein 

Pressure grows on Keir Starmer’s chief of staff over Peter Mandelson ambassador appointment

Every doomed prime minister has a moment – this is Starmer’s

Mandelson and the money that never sleeps

Peter Mandelson leaked sensitive UK government tax plans to Jeffrey Epstein 

George Parker’s interview from 2025 – Peter Mandelson’s back: The Prince of Darkness returns 

Sign up here for Stephen Bush's morning newsletter ‘Inside Politics’ for straight-talking insight into the stories that matter, plus puns and tongue (mostly) in cheek analysis. Get 30 days free.

Presented by Lucy Fisher, and produced by Lulu Smyth. The executive producer is Flo Phillips. Original music and mix by Breen Turner. The FT’s global head of audio is Cheryl Brumley.

What did you think of this episode? Let us know at politicalfix@ft.com

Read a transcript of this episode on FT.com

 Hosted on Acast. See acast.com/privacy for more information.

Mandelson, money - and the risk to the prime minister

Sir Keir Starmer is 5,000 miles away in China, meeting President Xi Jinping to drum up investment and deepen relations, but back on the home front the PM’s leadership looks increasingly beset. Manchester mayor Andy Burnham’s ambitions may have been thwarted for now, but the plotting continues in rival contenders’ camps. In a bid to wrestle back control of the agenda, the government is pressing on with fresh policy announcements. Meanwhile, the Tories have seen more MP defections to Reform, as senior centrist figures seek to drag the Conservatives away from the right. Host Lucy Fisher is joined by Political Fix regulars Jim Pickard, Jennifer Williams and Robert Shrimsley – plus George Parker is on the ground in Shanghai.

Follow Lucy: @lucyfisher.ft.com or @LOS_Fisher; George: @georgewparker.bsky.social, or @GeorgeWParker; Robert: @robertshrimsley.bsky.social or @robertshrimsley, Jim: @pickardje.bsky.social or @PickardJE and Jennifer: @jenwilliamsft.bsky.social or @JenWilliamsMEN

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Donald Trump warns Keir Starmer against closer business ties with China 

China rolls out the red carpet for Keir Starmer

Government plans to tighten scrutiny of Chinese influence in UK

The prisoner of Downing Street

Labour triggers early by-election to limit fallout from Andy Burnham row

Reform UK picks Matt Goodwin for Gorton and Denton by-election

UK government caps ground rents paid to freeholders

Sign up here for Stephen Bush's morning newsletter ‘Inside Politics’ for straight-talking insight into the stories that matter, plus puns and tongue (mostly) in cheek analysis. Get 30 days free.

Political Fix is presented by Lucy Fisher. The producer is Clare Williamson and the executive producer is Flo Phillips. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley. 

Our email address is politicalfix@ft.com

Clip from: 

Reuters

Read a transcript of this episode on FT.com

 Hosted on Acast. See acast.com/privacy for more information.

Chinese whispers — at home and abroad

From ‘brilliant ally’ to ‘weak and stupid’ within the same paragraph, it’s hard to know how to handle the impulsive outbursts from America’s 47th President. And yet, this is the position in which the British prime minister found himself this week as he stood firm in the face of Donald Trump’s threats to Greenland. 

Some back channel diplomacy in Davos helped put US European relations back on an even keel but it’s clear the so-called ‘special relationship’ is under strain. So where does Keir Starmer turn now? Does he stick with the decades-old transatlantic alliance, does he push for more European integration, or does he look further afield to China?

To discuss this and more, political editor George Parker is joined by Whitehall editor Lucy Fisher, columnist and writer of the ‘Inside Politics’ newsletter Stephen Bush, and the FT’s foreign editor Alec Russell.

Follow: George on X @GeorgeWParker or Bluesky: @georgewparker.bsky.social, Lucy @LOS_Fisher or @lucyfisher.ft.com; Stephen: @stephenkb @stephenkb.bsky.social & Alec Russel on X:https://x.com/alecurussell 

Want more?

UK ‘will not yield’ on Greenland, Keir Starmer warns Donald Trump

Trump’s Davos rant should alarm Starmer

‘Thank you Tony’: Blair’s ‘Board of Peace’ role prompts Trump praise and Westminster anger

Westminster ‘riding it out’ is not a strategy for UK-US relations

Flatter or confront? How world leaders are dealing with Trump

And sign up here for Stephen's morning newsletter, Inside Politics, for straight-talking insight into the stories that matter, plus puns and tongue-(mostly)-in-cheek analysis. Get 30 days free

Political Fix was presented by George Parker and produced by Clare Williamson. Flo Phillips is the executive producer. Sound engineering by Breen Turner. Cheryl Brumley is the FT’s global head of audio.

Clip from Channel 4

What did you think of this episode? Let us know at: politicalfix@ft.com

Read a transcript of this episode on FT.com

 Hosted on Acast. See acast.com/privacy for more information.

When the ‘special relationship’ isn’t so special

First he was pushed and then he jumped: high drama at Westminster after Kemi Badenoch sacked her rival for the Tory leadership Robert Jenrick - his crime was plotting a defection to Reform UK. Hours later, Jenrick appeared at Nigel Farage's side, branding his former party "rotten".

Did Badenoch’s decisive action help the Tory recovery plan? Which party is left weaker and which stronger in the fight for the right - could this, the most significant defection so far, further fuel Farage’s claim that the Conservative Party’s days are numbered? 

Deputy opinion editor Miranda Green hosts a discussion about the ‘psychodrama’ that has rocked Westminster this week with the FT’s deputy political editor Jim Pickard, columnist and writer of the ‘Inside Politics’ newsletter Stephen Bush, and FT’s chief political commentator Robert Shrimsley.

Follow Miranda, Jim, Stephen & Robert

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Betrayal, plots and a mole who derailed Jenrick’s defection to Reform

Robert Jenrick joins Reform UK after being sacked from Tory shadow cabinet

Jenrick’s sacking is both threat and opportunity for Badenoch

Lunch with the FT Robert Jenrick: ‘I’m unashamedly provincial in my attitudes’

Latest U-turn raises renewed questions over Keir Starmer’s judgment

And sign up for Stephen's morning newsletter, Inside Politics, for straight-talking insight into the stories that matter, plus puns and tongue-(mostly)-in-cheek analysis.

Get 30 days free

Political Fix was presented by Miranda Green, and produced by Julia Webster. Flo Phillips is the executive producer. Sound engineering by Breen Turner. Cheryl Brumley is the FT’s global head of audio.

Clips from BBC, X

What did you think of this episode? Let us know at: politicalfix@ft.com

Read a transcript of this episode on FT.com

 Hosted on Acast. See acast.com/privacy for more information.

Disloyalty and defection: the Tory-Reform psychodrama

Prime Minister Sir Keir Starmer had wanted to kick off the new year with a strong domestic start, tackling the cost of living crisis head on, in the hopes of improving his dire poll ratings. Instead, he has found himself firefighting on the international front, trying to navigate Donald Trump’s foreign policy frenzy.

How will Starmer manage his ‘special relationship’ with the US president in light of recent events? Where do Trump’s latest actions leave Nato, especially with regard to Ukraine? And what does all this global uncertainty mean for the Labour leader’s agenda at home?

Host George Parker discusses the balancing act facing the government with the FT’s deputy opinion editor Miranda Green, chief political commentator Robert Shrimsley and acting Whitehall correspondent David Sheppard.

Follow George, Miranda, Robert & David 

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Strategic supplication is Europe’s only Trump policy

France and UK commit to deploying troops under proposed Ukraine peace deal

UK armed forces warn of £28bn defence funding shortfall

Greenland’s future must be decided by island and Denmark, Starmer warns Trump

‘Not in my name’: Labour’s new towns battle

And sign up here for Stephen Bush's morning newsletter, Inside Politics, for straight-talking insight into the stories that matter, plus puns and tongue-(mostly)-in-cheek analysis. 

Get 30 days free.

Political Fix was presented by George Parker, and produced by Lulu Smyth and Julia Webster. Flo Phillips is the executive producer. Sound engineering by Simon Panayi. Manuela Saragosa is the FT’s acting co-head of audio.

What did you think of this episode? Let us know at politicalfix@ft.com

Clip from UK Parliament

Read a transcript of this episode on FT.com

 Hosted on Acast. See acast.com/privacy for more information.

Trump trouble: Starmer's tricky start to 2026

Imagine a graph with one line going up over time. Below it, another line does just the opposite. It kind of looks like the letter K. On the FT's Swamp Notes podcast, Claire Jones and Rob Armstrong break down why people are saying that letter represents the state of the economy and what it means for the White House.

Mentioned in this podcast:

Does the K-shaped economy theory even make sense? 

Email Marc with your questions (Marc.Filippino@FT.com)

Sign up for the FT’s Swamp Notes newsletter here 

This is a repeat of an episode published on Swamp Notes, a sister podcast of Political Fix, on Nov. 28, 2025. Follow the Swamp Notes podcast to hear more.

Swamp Notes is hosted by Marc Filippino, and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. The FT’s acting co- head of audio is Topher Forhecz. Special thanks to Pierre Nicholson.

The FT does not use generative AI to voice its podcasts.

CREDIT: Bloomberg, PBS, CNN

 Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: Is the US economy really K-shaped?

Can you name all the Labour frontbenchers who resigned or were sacked during the past year? Why was Peter Mandelson delayed from returning to the UK after being sacked as US ambassador? And who will be crowned Political Fix’s Wonk-in-Chief? Find out as host George Parker puts the entire podcast panel - Miranda Green, Stephen Bush, Robert Shrimsley, Jim Pickard and Anna Gross - through their paces in this big, fat, fiendishly difficult end-of-year quiz. The panellists also highlight their most memorable moment of 2025 and unveil their wildest predictions for the year ahead. Plus, discover who scooped all the chocolate coins in the studio to win the annual Political Fix stockpicks portfolio prize.

Political Fix has been nominated for a People’s Choice Award at the Political Podcast Awards. Vote for us here. 

Follow the panel on Bluesky - George @georgewparker.bsky.social; Miranda @greenmirandahere.bsky.social; Jim @pickardje.bsky.social; Robert @robertshrimsley.bsky.social and Stephen @stephenkb.bsky.social 

Political Fix is presented by George Parker, and produced by Lulu Smyth. The executive producer is Flo Phillips. Original music and mix by Breen Turner. The FT’s acting co-head of audio is Manuela Saragosa. Our video engineers are Bianca Wakeman and Andrew Georgiades.

What did you think of this episode and Political Fix this year? Let us know at politicalfix@ft.com 

Read a transcript of this episode on FT.com

 Hosted on Acast. See acast.com/privacy for more information.

Quizmas special: Political Fix’s 2025 nerd-out!

It’s been another turbulent year in politics. Prime Minister Keir Starmer has faced down rebellions from within his own party, overseen scandals and sackings, and delivered a constant barrage of bad news from health and housing to small boats and the Budget. He’s fared a little better on the world stage – with successful state visits, securing a comparatively competitive trade deal with Trump, as well as a tentative rapprochement with Europe. But with every international success, Starmer’s standing domestically seems to diminish: he ends the year, on some measures, as the most unpopular PM ever. 

In this special live episode of Political Fix, host George Parker is joined by Anna Gross, Stephen Bush and Chris Giles to analyse how the Labour party got here – and where it goes next. 

Follow George on @georgewparker.bsky.social; Stephen on @stephenkb.bsky.social; and Chris on @chrisgiles.ft.com 

Political Fix has been nominated for a People’s Choice Award at the Political Podcast Awards. Vote for us here.

Want more? Free links: 

 

Return to EU customs union would ‘unravel’ UK trade deals, Starmer warns 

Inside Politics: Neither Keir Starmer nor Kemi Badenoch wants to reverse Brexit

Nigel Farage rejects allegations of teenage racist abuse 

Wes Streeting calls for better ‘storytelling’ from Starmer’s ‘technocratic’ government

Chris Giles: Why UK borrowing costs are so high 

George and Anna’s FT scoop on Labour’s tax U-turn

Sign up to Stephen's morning newsletter Inside Politics here, and to Chris’ newsletter on Central Banks here. 

Presented by George Parker, and produced by Lulu Smyth. The executive producer is Flo Phillips. Original music and mix by Breen Turner. Our broadcast engineers this week were Bianca Wakeman, Petros Gioumpasis and Andrew Georgiades. The FT’s acting co-head of audio is Manuela Saragosa. 

What did you think of this episode? Let us know at politicalfix@ft.com 

Read a transcript of this episode on FT.com

 Hosted on Acast. See acast.com/privacy for more information.

Political Fix Live: Labour’s year in review

Sir Keir Starmer started the week with not one but two speeches defending his party’s Budget decisions in the wake of claims that chancellor Rachel Reeves had misled the public and fellow MPs about the state of the nation’s finances. Was his sell convincing? The prime minister also brought up Brexit, but as panellist Robert Shrimsley points out, Starmer was characteristically unclear as to whether the Labour party was ultimately leaning into or out of the EU.

Plus, host George Parker and the rest of the panel, Miranda Green and Jim Pickard, discuss the FT report that Nigel Farage told Reform UK donors he expects his party to do some sort of deal with the Tories in the run-up to the next general election — potentially helped by the single biggest donation any UK political party has had from a living donor. 

Follow on Bluesky: George, Miranda, Jim, Robert

Want more? Free links:

Farage tells donors he expects Reform UK will do an election deal with the Tories

Head of UK fiscal watchdog quits after Budget leak 

UK government orders review into rising diagnoses of mental health conditions

Janan Ganesh: The rise of unpopular populism 

UK envoy to Moscow enters race to be next ambassador 

Political Fix will go live next week on 10 December at 1.15pm. If you don’t want to wait for it to drop in this feed on Friday, register here.

Sign up to Stephen Bush's morning newsletter Inside Politics for straight-talking insight into the stories that matter. Get 30 days free at https://www.ft.com/InsidePoliticsOffer. For details about the FT’s Financial Literacy and Inclusion Campaign, read more about it here or click here and to donate, click here.

Presented by George Parker, and produced by Lulu Smyth. The executive producer is Flo Phillips. Original music and mix by Breen Turner. The FT’s acting co-head of audio is Manuela Saragosa.

What did you think of this episode? Let us know at politicalfix@ft.com

Read a transcript of this episode on FT.com.

 Hosted on Acast. See acast.com/privacy for more information.

Deals, donations and damage limitation

It’s been a rollercoaster week for both UK politics and our personal finances, with chancellor Rachel Reeves setting out tens of billions of pounds of tax rises in the Budget. But how will these new taxes be applied and what could they cost you? In a Money Clinic podcast recorded live at the FT, host and consumer editor Claer Barrett is joined by Dan Neidle, the founder of Tax Policy Associates; Stuart Kirk, the FT’s investment columnist; and Tej Parikh, the FT’s economics leader writer, to field questions from readers and listeners. They cover everything from what the Budget means for people investing in UK markets, the new rules on pensions and salary sacrifice, how to stay under the £100,000 threshold for childcare support and much more.

To find out how much the five-year freeze to tax thresholds could cost you, find a free link to the FT’s Budget stealth tax calculator here

Claer’s Budget column: A horrid Budget for ‘Henrys’

Salary sacrifice shake-up: what it means for staff and employers

Follow Claer on social media @Claerb 

This episode was made available with thanks to FLIC, the FT’s Financial Literacy and Inclusion Campaign.

For details about the campaign, read more about it here or click here and to donate, click here.

Read a transcript of this episode on FT.com

 Hosted on Acast. See acast.com/privacy for more information.

Bonus: What does the 2025 Budget mean for your money?

With George Parker and Matthew Singh. Presented by Sebastian Payne
 Hosted on Acast. See acast.com/privacy for more information.

General election: Theresa May loses her gamble

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