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Some shows may have ads. Welcome to F.T. Politics, a weekly podcast on British politics from the Financial Times.

I'm James Blitz stepping in for Sebastian Payne, who was away this week. In this episode we will be discussing

Theresa May's first few days as Prime Minister and her Cabinet, plus the beginning of another

leadership contest for the Labour Party. To do this I'm delighted to be

joined by Philip Stevens and Robert Shrimsley my two colleagues at the F.T.

And John McTernan, a former advisor to Tony Blair, and Emma Bernell, a commentator on the Labour Party. Thank you all for joining. So let's

begin with Theresa May, Britain's new Prime Minister. After the abrupt end of the

Conservative leadership contest earlier in the week she took up residents in

Number 10 Downing Street on

Wednesday evening, delivering a staring speech which was markedly different to

that of her predecessor David Cameron. She's also put together her first cabinet

axing many of the key figures who were present

throughout the Cameron years.

Philip, let's turn to Theresa May's cabinet first.

As you look down the cabinet list,

what do you think?

What kind of government has she formed? I think the first

...