Despite past criticism of Donald Trump, Sir Keir Starmer has sent ‘hearty’ praise to the president-elect for his victory this week. But what will transatlantic relations be like in 2025 and what does a Trump presidency mean for a Labour government? And, after Kemi Badenoch won the Tory leadership contest, we assess her first days in the job. Political Fix host Lucy Fisher is joined by US national editor and columnist Ed Luce, Deputy Washington bureau chief Lauren Fedor, Jim Pickard and Katy Balls, political editor of the Spectator.

Follow Lucy on Twitter @LOS_Fisher, Ed @EdwardGLuce, Lauren @LaurenFedor, Jim @PickardJE

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Kemi Badenoch rewards early backers with shadow cabinet posts

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Presented by Lucy Fisher. Produced by Clare Williamson. The executive producer is Manuela Saragosa. Audio mix by Simon Panayi. Original music by Breen Turner. The FT’s head of audio is Cheryl Brumley.

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

It’s been two days since chancellor Rachel Reeves put a £40bn tax increase at the heart of a plan to fix the country’s “broken” finances and public services, and unveiled a sharp increase in borrowing to fund an extra £100bn of capital spending. But will these measures bolster investment and growth in the UK economy? And what does the Budget tell us about the country’s economic direction over the next five years? The FT’s Lucy Fisher discusses these questions and more with UK political editor George Parker, columnist and host of The Economics Show Soumaya Keynes and economics editor Sam Fleming.

This is a recording of an FT Live subscribers’ webinar, recorded on Friday, November 1.

Follow Lucy on X: @LOS_Fisher, George on @GeorgeWParker, Sam @Sam1Fleming and Soumaya @SoumayaKeynes

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Budget poses new challenge for UK public finances, Moody’s warns

Business and wealthy bear brunt of £40bn tax increases in UK Budget

The Budget in brief: what you need to know

Reeves has made her choice — but success is not guaranteed

Rachel Reeves defiant after historic tax and spend Budget

Sign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award.

Read a transcript of this episode on FT.com

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

Rachel Reeves has rewritten her fiscal rules on the eve of her seismic first Budget next week. She says her new borrowing rule will help get Britain building, but how will it go down with voters – and the markets? Meanwhile, Sir Keir Starmer is in Samoa, where a debate about reparations for slavery has threatened to overshadow the Commonwealth summit. Plus, the PM has had to grapple with Donald Trump’s allegations of illegal election interference by Labour. Host Lucy Fisher is joined by Political Fix regular Stephen Bush and FT political correspondent Anna Gross, along with the FT’s deputy Washington bureau chief Lauren Fedor.

Will Labour’s budget boost growth? Ask the FT’s economics editor Sam Fleming and colleagues at a Political Fix live subscriber webinar, hosted by Lucy Fisher, on Nov 1 at 1300 GMT. Register for your free pass at ft.com/ukgrowth

Follow Lucy on X: @LOS_Fisher, Stephen @stephenkb, Anna @AnnaSophieGross and Lauren @LaurenFedor

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Rachel Reeves confirms change to UK fiscal rules to help fund £20bn of annual investment

Rachel Reeves: My fiscal rules will provide the stability on which growth depends

Keir Starmer flies to Samoa to answer tricky questions from Commonwealth allies

Donald Trump accuses UK Labour party of interference in White House race

Labour paid for top Starmer aide to attend Democratic National Convention

A Trump victory would end ‘normal’ politics between UK and US

Sign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award.

Presented by Lucy Fisher. Produced by Clare Williamson. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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