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Labour's 'total failure' on defence – and why Boris shouldn’t come back

July 3, 2026 · 30 min

Show notes

For this week’s Edition, Lara Prendergast is joined by the Spectator’s deputy editor Freddy Gray, assistant content editor John Power and former Leader of the House of Commons Penny Mordaunt.


This week: Labour’s lame duck period drags on, with Keir Starmer searching for a legacy before he leaves office. This week he has announced more money for Defence, though with several caveats, the biggest of which is unfunded billions left for the (presumably) incoming Burnham administration to fix. Penny Mordaunt, a former Conservative Defence Secretary, explains why Starmer has been a ‘total failure’ on Defence, saying Labour have failed to take Defence seriously and need to explain to the country that tough choices lie ahead. She argues Sir Keir is worse than Corbyn, who at least had a principled position on Defence. Her warning is stark: forget NATO targets of 3,4 or 5% of GDP – war would mean 50%, and the next few decades could be 'the worst humanity have ever lived through’. 


Also: the ‘dark money’ secretly funding net zero campaigns. John Power explains the links between Ed Miliband, China and pro net zero campaign groups in the UK, arguing that while political interest groups are not inherently bad, transparency should work both ways. Many left-leaning groups seem to operate under the belief they can be opaque as long as – to them – the end justifies the means. Penny provides her own verdict on Miliband, tipped to be the next Chancellor, saying she has 'never known him to make a correct decision’. 


Plus: as Starmer starts packing up at Number 10, could another former Conservative Prime Minister be plotting his return to office?


Produced by Patrick Gibbons. 

This episode is brought to you by Raymond James. Combining deep insights into who you are with our financial expertise, that’s the power of personal. Investment involves risk.


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