A decade ago, the hedge fund manager Paul Marshall was known as a Lib Dem donor and founder of the Ark academy chain. Now, as the owner of UnHerd, GB News and, since last September, the Spectator, he’s a right-wing media tycoon. Peter Geoghegan joins Thomas Jones to discuss Marshall’s transformation. He explains the ‘symbiotic relationship’ between Marshall and Michael Gove, their shared connection to evangelical Christianity, and the changing shape of conservative politics in Britain.

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