Jim Power

I think government really needs to stand up, be strong, keep the lid on public spending.

and make sure that the tax take is maintained to the greatest extent possible, whatever that entails.

Well, yeah, I mean, that's one way of looking at it, Chris, because we are so heavily dependent on US multinational sector.

And they're all doing so well.

They're all doing so well, yeah.

Well, that's one way of looking at it, absolutely.

Listen, Chris, great to talk.

And I apologize for confusing you about Exchequer and general government.

It's EU accounting, which I don't fully understand.

Hello, Chris.

Good to talk.

Hope all is well in the south of France.

I want to start today by talking about the UK elections.

OK, the results are not fully out yet, but they will emerge during the day.

We're recording this on Friday morning.

But it appears that Labour and the Conservatives, particularly Labour, has taken a serious hammering

Nigel Farage is absolutely cock-a-hoop at the moment, taking a lot of Labour seats particularly.

So he's now setting himself up as the next prime minister very much.

And for the Labour Party, it's probably the worst.

I think it is going to be the worst election result for any party this century.