On Politics: Do bond markets and the Bank of England run Britain?
The LRB Podcast29 Okt 2025

On Politics: Do bond markets and the Bank of England run Britain?

Andy Burnham recently said that the government is ‘in hock to the bond markets’, and the political turbulence of the past few years, not least the downfall of Liz Truss following her ‘mini-budget’, would seem to back this up. But the bond markets are only part of the picture: the actions of the Bank of England and the fiscal rules a government sets for itself also play significant roles in the decisions a chancellor can make. In this episode James is joined by former Bank of England chief economist Andy Haldane and Daniela Gabor, professor of economics at SOAS, to consider why governments are so afraid of ‘bond vigilantes’ and the increasing influence of central banks on policy since the financial crisis of 2008. Should the Bank of England remain independent? And what room for manoeuvre does Rachel Reeves have in her budget next month? Read more on politics in the LRB: ⁠https://lrb.me/lrbpolitics⁠ From the LRB Subscribe to the LRB: ⁠⁠https://lrb.me/subslrbpod Close Readings podcast: ⁠https://lrb.me/crlrbpod⁠ LRB Audiobooks: ⁠https://lrb.me/audiobookslrbpod⁠ Bags, binders and more at the LRB Store: ⁠https://lrb.me/storelrbpod⁠ Get in touch: podcasts@lrb.co.uk Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(457)

Poetry and the Turning World: Weather

Poetry and the Turning World: Weather

In Wordsworth’s 1807 description of ‘golden daffodils’, the breeze animates both the scene and the inner life of the speaker. Like many poets, Wordsworth turned to the weather to mediate between inter...

28 Jun 1h 14min

World Cup Cupidity

World Cup Cupidity

‘The beautiful game has never looked more beautiful on the pitch, or more ugly off it,’ Simon Skinner writes in the latest LRB. Each World Cup seems more tainted by corruption than the last, but is th...

24 Jun 51min

Poetry and the Turning World: Divorce

Poetry and the Turning World: Divorce

Poets have always written about love, but the divorce poem is a much more recent subgenre. In this episode, Sarah and Sandeep ask if the formal processes of legal separation can be successful material...

21 Jun 1h 18min

On Politics: What went wrong with HS2 (and almost everything else)

On Politics: What went wrong with HS2 (and almost everything else)

HS2 was conceived at a cost of £37.5 billion and originally supposed to link London, Birmingham, Manchester and Leeds. It will now connect only two stations outside London and Birmingham at a projecte...

17 Jun 1h 4min

Poetry and the Turning World: Technology

Poetry and the Turning World: Technology

When Robert Browning was asked to become the first poet to be recorded, on an Edison wax cylinder in 1889, he forgot his own poem. In the second episode of their series, Sarah Howe and Sandeep Parmar ...

14 Jun 1h 30min

Poetry and the Turning World: Work

Poetry and the Turning World: Work

Is writing a poem work? In the first episode of their series exploring the ways in which poetry responds to our personal and collective challenges, Sarah Howe and Sandeep Parmar start by considering t...

10 Jun 1h 4min

On Politics: Myths of Populism

On Politics: Myths of Populism

The transformations of European politics over the past twenty years, including Britain’s vote to leave the EU and the rise of post-Soviet strongmen, are often explained as part of a ‘wave’ of populism...

3 Jun 1h 12min

Jane Austen's ‘Emma’ and the art of misreading

Jane Austen's ‘Emma’ and the art of misreading

What kind of satirist was Jane Austen? Her earliest writings follow firmly in the footsteps of ‘Tristram Shandy’ in their deployment of heightened sentiment as a tool for satirising romantic novelisti...

30 Mai 1h 8min

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