Thanks for listening to the rest is politics.

Sign up to the rest is politics plus to enjoy ad free listening and receive a weekly newsletter

join our members chatroom again early access to live show tickets.

Just go to the rest is politics.com, that's the rest of politics.

com. This is politics.com.

Today's the Restis Politics.com.

Today's episode is sponsored by Wise, the account that's built for your business to send, spend, and receive money internationally.

Did you know that last year banks charged small businesses 2.8 billion pounds in hidden fees.

Banks and other providers are using a loophole that allows them to opt out of being transparent

about the fees hidden in the exchange rates they offer to small businesses. This means consumers lose

out hidden fees too, but they do have some legal protections in place even if the banks

dodge them. Wise, the International Money Account wants to help ban these hidden fees and end the opt-out.

So small businesses and consumers know exactly how much they pay.

With a wise business account, there are no markups or hidden fees whenever you convert between currencies.

So whether you're purchasing supplies or paying employees overseas,

WISE lets you send, spend, and receive at the mid-market exchange rate, similar to the rate you'll find

on Google.

So you can do business without borders.

Wise believes that it's time for true transparency and a fair deal for all small businesses. No more

loopholes and no more opt-outs. To find out how the WISE account could work for

your business and to back Wises call to end the opt-out, visit Wise.com slash end the opt-out.

Sometimes running a business can feel like cycling uphill, with square wheels.

...