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

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

Um and to be fair voice-verified

You know, we by the standards of Europe, we do still spend a reasonable chunk of our GDP and the two percent has been high for the Eurozone, um, particularly, but clearly it's not sufficient anymore. voice-verified

Um and I do think that you're right, there's this problem where kind of muscle memory, where our politicians are stuck in this world where, you know, you could kinda basically rely on the defence budget to voice-verified

To fund everything else, but that's no longer the case. voice-verified

But we're also up against it because we've spent so much that it is that thing is your treasury, kind of chap said. voice-verified

Um you know it's it's there's nothing left but hard choices. voice-verified

But who's gonna be the one that says we're gonna scrap the triple lock and therefore loses the next election? voice-verified

Um voice-verified

It's a hard sell. voice-verified

Yeah. voice-verified

And I mean reform they've also made some really frankly ridiculous promises about raising the personal allowance, the income tax personal allowance to fifteen thousand pounds. voice-verified

It's not that that kind of talk is not serious either. voice-verified

Um and so while you know I can see why there's an appetite for policy change in the country, like hardly anyone is seriously talking. voice-verified

talking about the actual changes that we need, which is to broaden the tax base and kinda cut cut the spending. voice-verified

Um and that is gonna involve some kind of uncomfortable choices, but voice-verified

Is it the bond market that's gonna have to force us to do it? voice-verified

I think that's the the big question. voice-verified

Yeah. voice-verified

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