Coffee House Shots

Last night we got the news that Peter Mandelson is expected to be named the next UK ambassador to Washington. Despite months of speculation, Labour held firm on making a decision until the results of the US election, and with Trump entering the White House in the new year they have gone with an experienced diplomat and a political appointment. A government source is quoted as telling the BBC: ‘The fact the Prime Minister has chosen to make a political appointment and sent Lord Mandelson to Washington shows just how importantly we see our relationship with the Trump administration.’ They cited the former Business Secretary’s ‘unrivalled political and policy experience’ and claimed he was ‘the ideal candidate to represent the UK’s economic and security interests.’ Were they right to go for an overtly political appointment? And, as a committed Sinophile, should we expect a backlash from Labour’s China hawks? James Heale speaks to Katy Balls and Michael Gove. Produced by Megan McElroy and Oscar Edmondson.

The Bank of England have voted to hold UK interest rates at 4.75%. The Spectator's economics editor Kate Andrews joins Katy Balls and Freddy Gray to discuss the decision and what this means for the UK economy.  Also on the podcast they discuss how a potential donation from Elon Musk to Reform UK has rattled politicians across the political spectrum. Could Labour seek to reform political donation rules to limit donations from foreign owned companies? And is this a sensible move, or could those in favour of changing the rules face a charge of hypocrisy? Produced by Patrick Gibbons and Oscar Edmondson.

New figures have shown that, for the year to November, inflation rose by 2.6%. While unsurprising, how much will this impact the Chancellor's plans going into the new year? Katy Balls speaks to Kate Andrews and Isabel Hardman about the impact on Labour, especially given their October budget. Also on the podcast: do the WASPI women deserve compensation? The team discuss Liz Kendall's announcement that Labour will not recompense women who faced pension changes; they also discuss the last PMQs of 2024. Produced by Patrick Gibbons and Oscar Edmondson.

After days of speculation online, the alleged Chinese spy has been named as Yang Tegbo. This latest example of Chinese espionage has opened up a number of debates in Westminster, firstly around Labour's push to ‘reset’ its relationship with China, as well as the conversation around the Foreign Influence Registration Scheme – a number of China hawks such as IDS and Tom Tugendhat are pushing for it to be implemented sooner than summer 2025. Can Labour's China policy survive this latest wave of Sino-scepticism? Also on the podcast, it’s happened: Nigel Farage has met with Elon Musk to discuss his party’s electoral prospects. What’s the readout from their meeting? Katy Balls speaks to Cindy Yu and James Heale. Produced by Cindy Yu and Oscar Edmondson.