The Fourcast

Is Donald Trump driving the world economy off a cliff while you’re on your summer holiday? 

America has just passed $40 trillion of debt. Trump’s tariffs are pushing up prices, his tax cuts are adding to the deficit, and his war with Iran has sent oil prices soaring. 

Now bond markets are turning on him. The US treasury has tried to step in and calm the bond markets, but it doesn’t appear to have worked. 

So what exactly is going on? Is this just a wobble in the bond markets - or a sign of something much worse to come? 

On this episode of The Fourcast, Ciaran Jenkins is joined by Pippa Malmgren, who served as an economic adviser to President Bush, and The Economist’s Archie Hall.

Should Britain tax wealth more heavily? With the government under pressure to find billions for public services and defence, Andy Burnham has refused to rule out a wealth tax. 

But would taxing the richest households actually raise significant money, or drive wealth, investment and entrepreneurs out of the country?

On The Fourcast, Matt Frei is joined by Gabriel Zucman, economist and author of 'We Need to Tax Billionaires' and economist Arthur Laffer, creator of the Laffer Curve.

So how unequal is Britain? Has wealth become undertaxed compared with income? And if Britain doesn't tax the richest more, where else should the government find the money?

Nigel Farage has secured re-election in the Clacton by-election, but his political gamble to "stick two fingers up to the establishment" hasn’t gone according to plan. With novelty candidate Count Binface as Farage’s primary challenger, the self-described intergalactic space warrior secured nearly 10,000 votes.

With Farage's personal favorability ratings dropping and accusations that he skipped the declaration to avoid being "humiliated by nobodies," has the Reform leader’s publicity stunt severely backfired? 

In this episode of The Fourcast, Alex Thomson speaks to Popular Conservatism director Mark Littlewood, columnist Sonia Sodha, and polling expert Luke Tryl (Reform UK were unable to find anyone from the party to appear on the podcast).

They analyse whether Reform UK is losing its political momentum, how the ongoing standards investigation affects Farage's future, and whether Britain's political right is facing a deep crisis of credibility.

In the West Bank village of Qusra, Israeli settlers have spent days besieging Palestinian homes, cutting residents off from food and water - an attack even Donald Trump’s ambassador to Israel, Mike Huckabee, has condemned as a “horrific act of terror”. 

But this incident appears to be part of an escalation of settler violence in the West Bank this year. 

So can Benjamin Netanyahu and his government, who have at times condemned the violence but have also done so much to embolden settlers, reign it in? Or is the situation spiralling out of control? 

In a statement, the Israeli military said that soldiers had been deployed in Qusra since Thursday morning to protect residents and maintain security, and "were instructed that the Qusra residents will remain in their homes."

The military added that "soldiers will not operate inside the Palestinian family's home located near the site where the tent that was evacuated and dismantled had been erected".

On this episode of The Fourcast, Matt Frei is joined by former Israeli ambassador to Canada Alan Baker, who was part of a commission set up by Benjamin Netanyahu to investigate the legality of settlements in the West Bank. He was also joined by Palestinian ambassador to Unesco Adel Atieh and Haaretz senior analyst Esther Solomon.

In 2019, Theresa May positioned the UK as a global climate leader by enshrining a legally binding Net Zero target by 2050. Fast forward seven years, and the political landscape on the British Right has transformed dramatically. With Conservative Leader Kemi Badenoch proposing to repeal Net Zero targets and Reform UK labeling green policies "net-stupid-zero," the consensus around climate action is fracturing. 

All this comes as the UK endures repeated heatwaves, droughts, and severe economic impacts—with summer heatwaves costing an estimated £4.4bn in lost productivity alongside thousands of excess deaths. As extreme weather directly threatens agriculture and rural communities, is the Right out of step with voters, or are they tapping into growing cost-of-living concerns?

In this episode of The Fourcast, Matt Frei explores whether Net Zero scepticism is pragmatic economics or climate denial in disguise. Matt is joined by former Energy Minister Graham Stuart MP, Net Zero Scrutiny Group member Lord Peter Lilley, and former NFU President Baroness Minette Batters to debate conservative ideology, economic reality, and the electoral risks facing the Right.

AI is increasingly being used to find vulnerabilities, exploit networks and carry out cyberattacks - but how autonomous are these systems really?

On this episode of The Fourcast, Matt Frei asks whether we are approaching a world where AI agents can conduct cyberattacks with little or no human intervention. Could an AI maintain access to a network, evade attempts to shut it down or even copy itself?

Matt is joined by AI safety expert and author of Considerations on the AI Endgame, Dr Roman V. Yampolskiy, and Katie Moussouris, founder and CEO of Luta Security and a former contributor to the US government's ‘Hack the Pentagon’ programme.

They discuss the latest AI hacking incidents, whether governments need tougher regulation, who should be responsible when AI causes harm, and whether AI could ultimately become both the biggest cyber threat - and the best defence against it.

The war in Ukraine appears to have entered a new phase, as Kyiv has launched increasingly ambitious long-range strikes deep inside Russia, put mounting pressure on Crimea and sought to bring the war closer to ordinary Russians and Vladimir Putin. 

But now the Kremlin is hitting back hard. In a missile attack on Kyiv this week, at least 17 people were killed. Now there’s reports of a Ukrainian plane in Leipzig, Germany, being targeted by an explosive-laden drone. It’s not clear who was behind the attack but reporting suggests it could be Russia. So are we witnessing a dangerous new phase of escalation? 

On this episode of the Fourcast Indicators, Matt Frei and Mark Urban are joined by economist Timothy Ash from Chatham House’s Russia and Eurasia programme.

Just a few months ago, Nigel Farage and Reform UK looked unstoppable. After sweeping the local elections and topping opinion polls, many believed Reform was on course for government. But has the momentum already begun to fade?

A string of controversies - including police investigations, questions over party finances, and a £5 million donation from a Thailand-based cryptocurrency billionaire - has put Reform under growing pressure. With the party slipping in the polls, are these scandals finally cutting through with voters, or is this just another setback Farage will survive?

On this episode of The Fourcast, Matt Frei is joined by Tim Ross from Politico, former Reform UK spokesperson Gawain Towler and Labour strategist Claire Ainsley to examine what's gone wrong for Reform, whether Andy Burnham has given Labour a route back to power, why the Greens are also losing ground, and what the latest polling tells us about the future of British politics.

After around 50,000 migrants crossed into Spain’s North African territory of Ceuta, far-right politicians across Europe quickly branded the events an "invasion." But with most migrants already returning to Morocco and UK illegal boat crossings dropping to a five-year low—down 43% compared to 2025—what is actually driving the debate around European border control?

On this episode of The Fourcast, Matt Frei is joined by Director of the Migration Observatory Madeleine Sumption, Director of Politics at Ipsos Keiran Pedley, and Austrian migration expert Gerald Knaus.

They discuss whether the incident in Ceuta could drive a new surge for the far-right across Europe, how the UK could be affected and if immigration is still the hot topic for voters.

Despite his job seemingly looking assured just a few weeks ago, Gianni Infantino’s position as President of FIFA is now in jeopardy.

With the footballing federations of Europe, North America and Asia all rejecting Infantino’s plans to sell off part of the World Cup to private investors, pressure is piling on Infantino. Even the new Prime Minister Andy Burnham says Infantino is the “wrong man” to lead FIFA.

On this episode of The Fourcast, Matt Frei is joined by Channel 4’s Sports Reporter, Jordan Jarrett-Bryan, as well as Abiola Ijasanmi the former Chief Operating Officer from the Confederation of African Football.

They discuss whether Infantino has badly mis-read the situation and - could he actually could be forced out of this job?