John Stepek

speaker

2,659 appearances 29 recordings 1 series first heard Apr 2026 last heard today

John Stepek’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 29 in all, peaking in Jul 2026 with 7.

Appearances

newest first · ▶ plays the moment

Merryn Talks Money · Markets Wrap: Bessent's Big Bet, Bond Yields and the AI Bubble · 11 Sep 2026 podcast

I mean it this is coming at the the end of a long period of again the you know, Conservative government and before that, even the new Labour government, um whereby we've been getting rid of the guns in favour of the butter for a long time. voice-verified

I mean, it was at the mid eighties, wasn't it? voice-verified

Um I think something like defence spending was something like eight. voice-verified

eight percent of GDP. voice-verified

Um and the welfare budget was at the opposite end, and now they've basically split sides. voice-verified

Um and I think clearly one of the uh the big issues, the only real issue with the right left divide is that there's a presentation thing and that it was never quite as overt that well we're just getting rid of the defence budget so we can basically fund the state pension. voice-verified

But now voice-verified

I think what we've got voice-verified

American voice-verified

Yeah, and uh and the Americans have been stay saying, as we've said here before, they've been saying politely for years, guys, you need to stop relying on our taxpayers to defend your country. voice-verified

Um and now that Donald Trump's in, obviously, they've started saying it a lot less politely. voice-verified

Um but even then you kinda look at even what's happening in Germany. voice-verified

And so like obviously one of the big things that happened was that last year they had the uh the the German Cedric Woodkins. voice-verified

Gonna rearm basically because um kind of Donald Trump and J.D. voice-verified

Vance. voice-verified

J.D. voice-verified

Vance made a big speech and it kinda made everyone kind of panic because it really kind of drew a line under look, seriously, we we need you guys to spend more. voice-verified

Um but even that's kind of running into issues, and whenever you look at what they end up spending the money on, it's essentially at best infrastructure, and sometimes they think voice-verified

effectively just welfare adjacent stuff. voice-verified

It's not actually going on. voice-verified

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