Welcome to F.T. Politics, the Financial Times's podcast on all things British politics.

I'm Sebastian Payne and in this week's episode we'll be discussing the unravelling sexual harassment

scandal at Westminster and the Bank of England's decision to raise interest rates ahead

of the budget. I'm delighted to be joined by our political editor George Parker, public policy correspondent Helen

Warl, Chief Economics Commentator Martin Wolf, and portfolio manager at Blackroft, Rupert Harrison.

Thank you all for joining. It has been another tumultuous week in

British politics since the last one. Throughout this week a rolling series of

allegations have been made about the past, recent and further conduct of MPs and ministers, resulting in the

shock resignation of Defence Secretary Sir Michael Fallon, the even more shocking elevation of

Gavin Williamson from the Whips office to the Ministry of Defense.

Questions are hanging in the air about what is coming next, where there will be further

departures from the Cabinet and once again whether Theresa May can survive this crisis.

George Parker, Westminster has a slightly end of day's feel to it at the moment.

I argued this week that this could have a similar impact to the public's perception on politics as the MPs'

expens a scandal, someone who was there then and there now. What's the general atmosphere like?

It's fearful, it's sour, it's very defensive, and you're right that MPs do feel either

comparisons between this and the expensive scandal. Some of them think this could be a

more damaging scandal for MPs in the sense that it's human beings involved rather than just cash.

So yes it's a fearful atmosphere it's cutting across all party lines of course, but I think

from a political point of view it's especially dangerous for Theresa May given the fact

Conservatives are the governing party and frankly

they've got enough problems on their plates trying to deal with Brexit with no majority and no money

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