Japan election and yen carry trade risks

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Following a scorching column by their colleague Ambrose Evans-Pritchard, co-pilots Pearson and Halligan discuss whether Britain is becoming "ungovernable" as sovereign bond yields spiral and the Prime Minister appears increasingly held hostage by the hard-Left of his own party.

Allison questions the mandate of a leader facing internal coups, and a looming wipeout in the upcoming May elections.

Liam warns of a looming correction from the bond markets if the government doesn't get a grip on public spending.

Making a return trip to the rocket is actress and campaigner Sophie Window (nee Winkleman) to share some of her findings in the campaign to keep children off screens and social media.

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Read Allison ‘Anyone who thinks Rayner is the answer to Britain’s problems needs their head examined’ 

https://www.telegraph.co.uk/news/2026/02/10/angela-rayner-answer-britain-problems-head-examined/ |

Read Allison ‘Labour says it is cutting NHS waiting lists. That is just a lie’ 

https://www.telegraph.co.uk/news/2026/02/11/labour-cutting-nhs-waiting-list-lies/ | 

Read more from Allison: https://www.telegraph.co.uk/authors/a/ak-ao/allison-pearson/ | 

Read Liam ‘Japan’s spendthrift Iron Lady has dangerous plans’: https://www.telegraph.co.uk/business/2026/02/08/japans-spendthrift-iron-lady-has-dangerous-plans/ |

Read more from Liam: https://www.telegraph.co.uk/authors/liam-halligan/ |

Read Liam’s Substack: https://liamhalligan.substack.com/ |  

Read Ambrose Evans-Pritchard ‘The Starmer palace coup is a national disgrace’

https://www.telegraph.co.uk/business/2026/02/10/the-starmer-palace-coup-is-a-national-disgrace/ |         

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