Best of the Spectator

The Edition: how the Bank broke Britain, Zelensky’s choice & the joys of mudlarking

15 snips
Jul 17, 2025
Michael Simmons, Economics Editor at The Spectator, discusses how the Bank of England's decisions have contributed to Britain's economic turmoil, attributing much blame to Andrew Bailey and the ongoing fiscal mismanagement. Owen Matthews, writer and expert on Ukraine, reveals the decline in public faith in President Zelensky amid rampant corruption and military challenges. The conversation also touches on the intriguing practice of mudlarking, where people search riverbanks for lost historical treasures, highlighting its rising popularity as a form of escapism.
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INSIGHT

Truss Excluded Key Institutions

  • Liz Truss excluded the Bank of England and Treasury from crucial budget planning.
  • Lack of prep work prevented warnings about financial vulnerabilities, worsening the crisis.
INSIGHT

Bank Independence Needs Accountability

  • Bank of England's independence safeguards stability but limits accountability.
  • Missing inflation targets should trigger stronger consequences for leadership.
ANECDOTE

Witty Banknote Designs

  • Mark Mason highlights clever design details on classic British banknotes.
  • Features like changing colors and historical references add wit and beauty to notes.
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