President Donald Trump is in town, so it’s back to Windsor Castle for our Ed Balls! A podcast recording the morning after a lavish state banquet? Not a problem, it’s all par for the course for Ed, who has apparently been catching up on Downton Abbey in preparation. He brought George Osborne up to speed on the events of the evening; who sat where and did he get to say hello to the 47th president? 

It’s hard to believe the US President’s visit could be considered a reprieve for Prime Minister Keir Starmer after a grueling two weeks back from summer recess. Soon after Angela Rayner made her sudden, tax-enforced exit the government faced its next drama: US Ambassador Peter Mandelson and his long, email-documented friendship with sex offender Jeffrey Epstein. A deputy leadership contest, scrutiny over Mandelson vetting process and - in recent days - questions over whether Andy Burnham is gunning for Starmer’s job… 

It should be catnip for leader of the Tories, Kemi Badenoch - except Danny Kruger’s gone and spoiled it by defecting to Reform! 

Meanwhile, the Federal Reserve has cut rates for the first time this year - while the Bank of England is holding firm at 4%. Ed and George  take stock of the global economic position and what's next for the bond market after its moment of tumult earlier this month … 

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