Iran War: "Our economy will be smashed"

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🗓️ 23 June 2025

⏱️ 34 minutes

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Summary

Diplomacy has been "pushed aside" after Donald Trump bombed Iran - leaving Britain "weak".

YOUR NEXT LISTEN: Trump bombs Iran

Donald Trump has hinted in a social media that he would be in favour of regime change in Iran. His government have said otherwise.

Elsewhere, UK Foreign Secretary David Lammy has so far refused to say whether the US bombing of Iranian nuclear sites was legal. Does the UK government quietly approve of Trump’s actions?

In this episode our associate political editor Rachel Cunliffe discusses those questions with US correspondent Freddie Hayward and senior editor George Eaton.

Meanwhile in response to the attack, the Iranian government have threatened to block the strait of Hormuz, effectively restricting one fifth of the world’s oil supply. Rachel asks our editor Tom McTague and business editor Will Dunn what this would mean for the global economy - and the cost of goods in the UK.

READ: Britain wants no part in Israel’s war by Ben Walker

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0:00.0	Hello, Will Hutton here from former leaders. I think your podcast is particularly timely.
0:05.3	To leading thinkers. We have lots of academics who've looked at this in real detail. I've gathered
0:09.9	some of the best minds in social science to help me explore the research, evidence and policies that could
0:15.3	shape the world around us. You have to be prepared to take risks. So why not join me as I
0:20.2	discover the big ideas that could shape the way we live?
0:23.3	This has been extraordinary.
0:24.4	Subscribe to the We Society Now on Spotify, Apple and all good podcast platforms.
0:32.7	The New Statesman.
0:37.6	After bombing Iran, the US says they're not interested in regime change, but the president
0:42.6	has indicated otherwise.
0:44.3	I'm Rachel Cunleff, and this is the New Statesman podcast.
0:47.5	This week, we're going daily to cover the conflict in the Middle East and the week's
0:51.5	political and cultural news.
0:53.8	Overnight, Donald Trump released a social media post, hinting that he would be in favor of regime
0:59.0	change in Iran.
1:00.8	President Trump posting this.
1:02.9	It's not politically correct to use the term regime change.
1:06.9	But if the current Iranian regime is unable to make Iran great again in caps,
1:12.6	why wouldn't there be a regime change?
1:14.6	His government has said otherwise.
1:16.6	So what's true?
1:18.6	Foreign Secretary David Lamy has so far refused to say
	...

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