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Steph McGovern

👤 Speaker
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?

But there is an argument that the bond market's

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

might be out of date with this because the Greens, and again, I just reiterate, I'm not saying I'm pro the Green Party, I'm not saying I'm against them, but what if it works and it gets growth?

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

What if in the longer term their plans for, you know, and the change from the mainstream of what we've had, which clearly hasn't worked, like everything Labour came in with hasn't worked, you know, whereas we're in a worse situation than we were.

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

What if reform or Greens coming in actually

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

Actually, in the longer term, even though it looks like it doesn't economically stack up any of this and it could be a nightmare for the economy, what if it isn't?

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

You get stuck in the same cycle based on what the bond markets think should happen.

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

And as you say, it doesn't allow for democracy.

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

Liz Truss, her fate decided by the bond market's

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

So, and again, I'm not saying she should have stayed, but there is an argument for you can never change from the regime of we've always had, if it's always the bond markets that dictate what happens next for us.

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

And I know that's a big, oh, Steph didn't know what she was talking about.

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

That's not how economics works, blah, blah, blah.

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

But I just think what's to say that these outlander parties coming in might actually change things for the better?

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

We don't know.

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

And that's the problem.

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

We're never going to find out because there'll always be this thing that the bond markets decide.

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

hammered businesses.

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

And I'm really saying that, see that play out locally in terms of businesses closing down because of the business rates and the employment costs and everything else.

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

It really, you know, and that's, it's not just, I heard this brilliant German minister speak last week and he was

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

talking about, and I literally sat there going, come to the UK, you've totally got the vision.

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

And he talked about how when you look at business, you cannot just look at them in the context of jobs and the money they bring in.