How Trump's failed war in Iran screwed Britain
The News Agents
Global
4.1 • 5.4K Ratings
🗓️ 30 April 2026
⏱️ 42 minutes
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Summary
The Bank of England Monetary Policy Report might sound like a dry and dusty economic report - and often it is - but today's made for truly shocking reading for Britain.
Its analysis shows living standards are already falling and, as a result of Trump's war in Iran, inflation could go above 6%, and as many as six rises in interest rates might be needed by the end of this year. That would mean rocketing mortgages, eye-watering increases in food prices, and job layoffs with the UK economy stunned by the fallout from Trump's war with Iran. Is there any sense of a way out of this mess from the White House? Or is Trump happy to sink the global economy if it increases his chances of pummelling the regime in Tehran into submission?
Later - 40 days until the world's most prohibitively expensive World Cup kicks off. Is America actually trying to keep people away?
The News Agents is a Global Production.
The News Agents is brought to you by HSBC UK - https://www.hsbc.co.uk/
Transcript
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| 0:00.0 | The Newsagents podcast is brought to you by HSBC UK commercial banking, opening up a world of opportunity. |
| 0:09.1 | This is a global player original podcast. |
| 0:12.2 | They're played by Donald Trump's own imagined rules in that fantasy land inside his head. |
| 0:17.7 | The truth is that he hasn't ended the war in Ukraine. |
| 0:20.5 | That means that the Iran War could last the same as the Ukraine war, which is not going to |
| 0:24.8 | end any time soon. |
| 0:25.7 | But you have an American Defence Secretary basically bragging about the idea that he's |
| 0:29.9 | instructed his own soldiers to commit war crimes. |
| 0:32.4 | Yeah, it turns out the world's favourite frat boy is actually a bit of a fascist. |
| 0:38.4 | This is going to be a cost that escalates massively for America. |
| 0:42.6 | And if it escalates from America, it escalates for us too. |
| 0:45.6 | President, Friday, Iran, how long are you prepared to maintain the blockade? |
| 0:49.7 | Could that go several more months? |
| 0:51.2 | I mean, militarily, we've wiped them out. |
| 0:53.0 | They have no military left. |
| 0:55.2 | It's all the Navy's at the bottom of the sea. |
| 0:57.8 | The Air Force is never going to fly again. |
| 1:01.8 | We've got an amazing military. |
| 1:04.0 | Now they have to cry uncle. |
| 1:06.8 | That's all they have to do, just say, we give up. |
| 1:10.4 | We give up. The problem is we give up, we give up. |
| 1:11.6 | The problem is the Iranians are not giving up. |
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