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The Rest Is History

665. Britain in the 70s: The Bailout from Hell (Part 4)

The Rest Is History

Goalhanger

History

4.626.6K Ratings

🗓️ 29 April 2026

⏱️ 79 minutes

🧾️ Download transcript

Summary

How did the new British Prime Minister, Jim Callaghan, intend to keep Britain from bankruptcy in 1976? What extreme new step might have seen riots in the streets? And, would labour survive the greatest financial scandal in British history? Join Tom and Dominic as they reach the epic conclusion of their dramatic series on the most uproarious years of the 1970s in Britain, including the high point of the crisis, and the rise of punk. You’ve heard the story…now see it. Unlock the full History in Photos series at http://therestishistory.com _______ Join The Rest Is History Club: Unlock the full experience of the show – with exclusive bonus episodes, ad-free listening, early access to every series and live show tickets, a members-only newsletter, discounted books from the show, and access to our private Discord chatroom. Sign up directly at the⁠restishistory.com⁠ To read our new newsletter, sign up at: therestishistory.com/newsletters Advertise with us: Partnerships@goalhanger.com _______ Twitter: @TheRestHistory @holland_tom @dcsandbrook Video Editors: Jack Meek, Harry Swan + Adam Thornton Social Producer: Harry Balden Producers: Tabby Syrett & Aaliyah Akude  Senior Producer: Callum Hill Executive Producer: Dom Johnson Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

This episode is brought to you by Artemis Fund Managers.

0:07.1

History has never been especially kind to drift. States lose direction. Fortunes tend to follow,

0:14.8

usually because no one set the course in time. But you know, Tom investing has an equivalent.

0:22.0

With passive investing, you follow an index and take everything in it, the ex in time. But you know, Tom, investing has an equivalent. With passive investing,

0:27.5

you follow an index and take everything in it, the excellent, the average, and the ones you'd rather avoid. Efficient? Oh yes. But you follow the market as it moves, taking strength

0:33.5

and weakness together and a good deal you'd never have chosen for yourself. Now, active investing

0:39.1

is something else. It depends on judgment, what to back, what to avoid, and where the real value

0:46.1

lies, shaping the outcome rather than simply accepting it. Artemis are active fund managers.

0:53.4

For over two decades, they've been making those calls,

0:56.6

backing some companies, steering clear of others, and actively hunting profits. It's a matter of

1:02.4

setting the course, rather than drifting where the market takes them. But as ever, with investments,

1:08.1

your capital is at risk.

1:20.0

This episode is brought to you by Titanic Belfast. Some stories are best understood where they began. You can read about Titanic anywhere, but in Belfast you understand the scale,

1:26.4

the ambition and the city that made her. Titanic Belfast, you understand the scale, the ambition, and the city that made her.

1:29.8

Titanic Belfast stands beside the slipways where she was built.

1:34.4

Recent investment has enhanced the experience how the ship was imagined, designed and brought

1:41.2

to life.

1:42.2

Tickets include entry to SS Nomadic,

1:45.2

the last remaining white star line vessel,

1:47.7

which carried passengers to Titanic.

1:49.9

Inside, the story comes into focus.

1:52.8

From the sheer scale of Titanic,

...

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