2024-10-27 13-24-21
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00:00On this point about, you know, the relationship between the UK and the US, you know, the governments
00:09have to be pragmatic. I mean, it's always better if leaders get on. But regardless of
00:14whether leaders get on or not, the business of government continues.
00:18And the drama of this election is, you know, profound day by day, Andy. But in terms of
00:22the economics, what's the difference between who wins? You know, you read these warnings
00:26that Trump ends up back in the White House. It could be a trade war in China that plunges
00:30everyone into recession. How do you see the two different contenders in that context?
00:34Yeah, I mean, if Trump makes good on what he said, economic policy wise, which means
00:39tariffs, it means immigration restrictions, it means deportation. That means higher inflation
00:45in the US. It means lower growth in the US and probably higher interest rates in the
00:51US and the rest of the world will catch a cold from that. So, you know, if you ask me,
00:58is Donald Trump a bigger threat to UK mortgage rates than Rachel is, of course he is. Because
01:02actually, what Rachel's doing in her budget will be net good for growth and therefore
01:09net good for mortgage rates in a way that Trump would not be.
01:11And Rocco, I think you want to expand your hotel empire into the States. Who would be
01:15better for you in that context?
01:16I don't think, you know, if you look at...