The Rest Is Money

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255. Trump trade tariffs - who is calling the shots? Feb 26, 2026

Show notes

Did Trump’s two hour ‘state of the union’ speech tell us anything we didn’t know? What’s next for trade tariffs? Will anyone get a tariff refund? And where does all this leave Keir Starmer and his 2025 trade deals with the US?

With the US Supreme Court ruling that Trump overstepped his authority, Robert and Steph discuss what impact trade tariffs have had so far and whether Trump’s new 15% universal tariff will carry any weight. Plus we hear from UK manufacturers about how they’re feeling in all this trade chaos.

The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer.

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254. The outsider’s edge: How Sir Michael Moritz built a billion-dollar empire Feb 23, 2026

Show notes

What is the secret to scaling a startup into the next Google, Youtube or Airbnb? Why do you need an American on your board to be as successful as them? And what is Trump really motivated by? Plus why being an outsider can be a superpower in business.

Sir Michael Moritz ran Sequoia Capital for over 35 years and is one of the world’s most successful venture capitalists - he talks to Steph about the convulsive context of Trump’s America, what it takes to become one of the Magnificent Seven and how his family’s escape from Nazi Germany led to an inherited despair that powered him through business - as featured in his new book Ausländer.

The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer.

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253. The truth about immigration - who is coming and who is leaving? Feb 19, 2026

Show notes

What impact does migration have on the UK economy? Are we heading for net-zero migration and does it matter? Is the so called ‘brain drain’ a real thing? And why do politicians love talking about immigration so much?

Madeline Sumption MBE - Director of Oxford University’s Migration Observatory - talks to Steph about the complex reality behind the numbers. And as they delve into the stats they also look at the politicisation of immigration and discuss what immigration policy is really for.

The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer.

Email: ⁠⁠⁠⁠⁠the⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠restismoney@goalhanger.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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252. The £1 trillion war chest: why the UK is stronger than you think Feb 16, 2026

Show notes

Why can’t the UK shake its "confidence rut" despite having a £1 trillion savings buffer? How are global "populist" spending trends forcing the bond market to act as a fiscal referee? And is the UK actually poised to become an AI superpower?

In this episode, Robert and Steph welcome back Karen Ward, Chief Market Strategist for EMEA at J.P. Morgan Asset Management and former advisor to the Chancellor. The discussion dives deep into the 'split personality' of the UK economy, where high financial stability in the private sector is juxtaposed with a pervasive lack of confidence in government by consumers and business.

The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer.

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251. The man who rumbled Mandelson: Dan Neidle's Epstein files investigation Feb 12, 2026

Show notes

How did friend of the show, tax lawyer Dan Neidle, manage to discover the true extent of Peter Mandelson’s connections to Jeffrey Epstein? What crucial information has Dan pieced together using Blackberry signatures and time zones that reveal what some redacted elements tried to cover up? Has Dan discovered the real reason why Mandelson was prepared to forward sensitive emails almost immediately to the disgraced financier and sex offender?

Robert, Steph and Dan discuss how some diligent investigation from Dan contributed to the biggest political and financial scandal in recent times.

Search Mandelson’s Epstein emails using Dan’s tool on the Tax Policy Associates website: https://taxpolicy.org.uk/2026/02/11/epstein-files-mandelson-email-search/

The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer.

Email: ⁠⁠⁠the⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠restismoney@goalhanger.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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250. Business Secretary Peter Kyle: being let down by Mandelson & the UK-China relationship Feb 09, 2026

Show notes

Why does Peter Kyle think Mandelson was as brilliant as he was flawed? What impact will the new China deals have on UK growth? And does he care what Trump thinks about them? Plus Kyle’s plans to get the UK’s first trillion dollar company.

Steph and Robert interview the Business Secretary fresh from his visit to China. Plus find out what happened when the interview was interrupted by an evacuation…….it involves Ian Wright and a former German Chancellor.

The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer.

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249. ⁠Epstein, Mandelson & the system that failed survivors Feb 05, 2026

Show notes

How far does Jeffrey Epstein’s dark web extend into the global financial system? How much damage might Peter Mandelson have done by sharing confidential market sensitive details with Epstein? And why, despite decades of being dogged by scandals, has Mandelson kept being let back into senior political roles - and where does this leave Keir Starmer?

Robert and Steph discuss the latest fallout from the new Epstein files release and the implications across the financial and political world. Not losing sight of the courage of those who Epstein abused, who are at the heart of this reckoning.

The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer.

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248. How Iran’s uprising has been driven by economic failure Feb 02, 2026

Show notes

How is the mass civil unrest in Iran, and the brutal killing of protestors, linked to the collapse of living standards? Why have Western sanctions been a blunt tool? And how rife is corruption in the Tehran regime?

In this episode, Steph and Robert examine whether there is a route back to freedom and prosperity for Iran. Esfandyar Batmanghelidj, Founder and CEO of the Bourse & Bazaar Foundation offers a deep analysis of the economic grievances that have destroyed social cohesion, and examines what’s needed to avert total catastrophic collapse. Plus they discuss the ramifications for the global economy.

The Rest is Money is brought to you by Octopus Energy, Britain’s smart energy pioneer.

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247. Sir Keir in China & will there be aftershocks from Japan’s bond quake? Jan 29, 2026

Show notes

What links Japan’s new prime minister with Liz Truss and Margaret Thatcher? Can Keir Starmer balance relations with Beijing without jeopardising ties to Washington? And why are Steph and Robert so worried about the future of hairdressing?

Steph and Robert assess the $7 trillion upheaval in Japan’s bond market and discuss the risks and rewards of Starmer’s visit to China.

They also examine the UK’s most overtaxed high-street industry, asking why hairdressers are being hit harder than anyone else - and whether rising business rates could wipe out apprenticeships.

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246. Why we need more businesses to go bust Jan 27, 2026

Show notes

Why have US productivity and living standards outstripped the UK’s? Why is it good news that more British businesses are failing? And why is the challenge now to make sure younger, more productive businesses get the capital they need?

Steph and Robert talk to Ruth Curtice, Chief Executive of the Resolution Foundation, about the report card the Resolution Foundation has written on whether the government is meeting its central ambition to promote growth - and draw back the veil on Reeves’s income tax U-turn.

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