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Steph McGovern

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2051 total appearances
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Appearances Over Time

Podcast Appearances

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

Majidal Futam, which is one of the biggest entertainment leisure hotel businesses there.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

They own a ton of shopping malls, huge leisure outlets across the Middle East.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

And they were essentially at this big retail congress in Berlin, trying to convince everyone that everything was going back to normal.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

They're like,

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

Things are okay.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

Come back to the United Arab Emirates.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

Come back to the Middle East.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

Keep investing in us.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

We've been through volatile things before.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

And then at the same time, you've got friends who I've got who live out in the UAE saying they were about to send their kids back to school, but the schools are not open again because there's been more missile alerts and everything's kicked off.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

So it just feels like it is...

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

so volatile it would be impossible for anyone to predict it never mind the Bank of England trying to work out what it means in two years time there's just no sense of any any settling down yet and that's what makes this really difficult is it impacts us so much but it's impossible to work out when how this will all end

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

Hmm.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

Yeah.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

And I say this next bit without any political views in terms of, you know,

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

any bias in any way.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

But for example, the Greens obviously are expected to do well in these elections.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

And the view is because the Green Party want to increase taxes and public spending, then of course, as you say, the bond markets will be like, well, hang on a minute.

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

How are they going to pay for all this?

The Rest Is Money
276. Will bond market vigilantes see off Starmer’s rivals?

How are they going to do all this?