Welfare vs Warfare: Can Labour Afford NATO’s Demands?

<p>With just days to go before Rachel Reeves delivers her first Spending Review, Labour is facing an uncomfortable squeeze. NATO wants defence spending ramped up to 3.5% of GDP, but Reeves is sticking to her strict fiscal rules. Can Starmer keep both Washington and voters at home on side - or will the sums simply stop adding up?</p><br /><p>Meanwhile, Donald Trump is reigniting the trade war - with a 25% steel tariff sending markets wobbling. The UK may have a temporary exemption, but there are warning signs everywhere: surging bond yields, a weakening pound, and talk of a “crack” in the market from Wall Street’s biggest voices. What does it all mean for the UK - and could global turbulence derail Labour’s investment plans before they’ve begun?</p><p>And Boris Johnson’s back in the headlines. Could he really be planning a political comeback? With Reform UK on the rise and Conservative nerves showing, some see him as a vote-winner. But under Kemi Badenoch’s leadership, would his return solve more problems than it creates?</p><br /><p>To get episodes early and ad-free, join <strong>Political Currency Gold</strong> or the <strong>Kitchen Cabinet</strong>:</p><br /><p>&nbsp;👉<a href="https://www.patreon.com/politicalcurrency" rel="noopener noreferrer" target="_blank"> patreon.com/politicalcurrency</a></p><p>👉<a href="https://apple.co/politicalcurrency" rel="noopener noreferrer" target="_blank"> Apple Podcasts</a></p><br /><p><em>Please note: Kitchen Cabinet is only available via Patreon.</em></p><br /><p>Producer: Miriam Hall</p><p>Senior Producer: Silvia Maresca</p><p>Video Editor: Danny Pape</p><p>Executive Producer: Ellie Clifford</p><br /><p>Political Currency is a Persephonica Production and is part of the Acast Creator Network.</p><hr /><p style="color: grey; font-size: 0.75em;"> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color: grey;" target="_blank">acast.com/privacy</a> for more information.</p>