Chancellor Rachel Reeves says Britain shouldn’t sacrifice its principles for more favorable trading terms with the US, as she discusses the UK's economic future. The chancellor sat down with Bloomberg's Head of Economics and Government Stephanie Flanders after issuing her Spring Statement on Tuesday, as she seeks to convince markets and voters that Britain’s public finances are resilient enough to weather the fallout from the conflict in Iran and rising global energy prices.

Chancellor Rachel Reeves says Britain shouldn&rsquo;t sacrifice its principles for more favorable trading terms with the US, as she discusses the UK's economic future. The chancellor sat down with Bloomberg's Head of Economics and Government Stephanie Flanders after issuing her Spring Statement on Tuesday, as she seeks to convince markets and voters that Britain&rsquo;s public finances are resilient enough to weather the fallout from the conflict in Iran and rising global energy prices.

Bloomberg Daybreak Europe is the daily morning podcast that helps you understand the stories shaping Europe and the world before the day gets going.

Produced in the early hours each weekday, the show delivers fresh reporting, sharp analysis and clear context on politics, business and global markets by 7am London time. From decisions made in Brussels and London to developments across the global economy, Daybreak Europe connects the dots between power, policy and money.

Hosted by Stephen Carroll in Brussels and Caroline Hepker in London, and powered by Bloomberg’s global network of more than 3,000 journalists and analysts, the podcast goes beyond headlines to explain what is changing, why it matters and what could come next.

Trusted by professionals, business leaders and investors, but made for anyone curious about how economics and politics shape everyday life, Bloomberg Daybreak Europe is the essential way to start your morning informed and ahead.

Bloomberg Daybreak Europe is the daily morning podcast that helps you understand the stories shaping Europe and the world before the day gets going.
Produced in the early hours each weekday, the show delivers fresh reporting, sharp analysis and clear context on politics, business and global markets by 7am London time. From decisions made in Brussels and London to developments across the global economy, Daybreak Europe connects the dots between power, policy and money.
Hosted by Stephen Carroll in Brussels and Caroline Hepker in London, and powered by Bloomberg&rsquo;s global network of more than 3,000 journalists and analysts, the podcast goes beyond headlines to explain what is changing, why it matters and what could come next.
Trusted by professionals, business leaders and investors, but made for anyone curious about how economics and politics shape everyday life, Bloomberg Daybreak Europe&nbsp;is the essential way to start your morning informed and ahead.

Bloomberg Daybreak: Europe Edition

Exclusive: Rachel Reeves on Iran Shock, US Trade & Inflation Risks 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5910cf71-e3ab-4999-8b17-b402012761e0/transcript

Your morning briefing.

All the news you need to start your day.

On today's podcast:

(1) Oil fluctuated after the Wall Street Journal reported that US President Donald Trump told aides he’s willing to end the military campaign in Iran even if the vital Strait of Hormuz remains largely closed.

(2) An Iranian drone hit a fully laden Kuwaiti oil tanker off Dubai early on Tuesday in one of the most significant attacks on a vessel in a month of war, pushing oil prices higher and heightening tension around the vital Strait of Hormuz.

(3) Iran is pushing the Houthis to prepare for a renewed campaign against Red Sea shipping, contingent upon any further escalation by the US in its war on the Islamic Republic, according to European officials familiar with the matter.

(4) Secretary of State Marco Rubio said the US may need to reassess its relationship with NATO after the Iran war is finished, calling the military alliance’s alleged lack of support during the Middle East conflict “very disappointing.”

(5) China’s factory activity expanded for the first time this year despite higher energy prices and disruptions caused by the escalating conflict in the Middle East.

(6) UK shoppers should brace for a wave of price increases, the retail industry warned as a survey taken immediately after the outbreak of the US-Iran war found higher energy costs had yet to filter through to household budgets.

(7) Russia’s main security agency is expanding its sweeping surveillance powers, deepening the state’s reach into economic and social life to suppress any risk of dissent to President Vladimir Putin.
 

Your morning briefing.
All the news you need to start your day. On today's podcast: (1) Oil fluctuated after the Wall Street Journal reported that US President Donald Trump told aides he&rsquo;s willing to end the military campaign in Iran even if the vital Strait of Hormuz remains largely closed. (2) An Iranian drone hit a fully laden Kuwaiti oil tanker off Dubai early on Tuesday in one of the most significant attacks on a vessel in a month of war, pushing oil prices higher and heightening tension around the vital Strait of Hormuz. (3) Iran is pushing the Houthis to prepare for a renewed campaign against Red Sea shipping, contingent upon any further escalation by the US in its war on the Islamic Republic, according to European officials familiar with the matter. (4) Secretary of State Marco Rubio said the US may need to reassess its relationship with NATO after the Iran war is finished, calling the military alliance&rsquo;s alleged lack of support during the Middle East conflict &ldquo;very disappointing.&rdquo; (5) China&rsquo;s factory activity expanded for the first time this year despite higher energy prices and disruptions caused by the escalating conflict in the Middle East. (6) UK shoppers should brace for a wave of price increases, the retail industry warned as a survey taken immediately after the outbreak of the US-Iran war found higher energy costs had yet to filter through to household budgets. (7) <a href="https://www.bloomberg.com/news/articles/2026-03-31/in-putin-s-russia-the-federal-security-service-is-tightening-its-grip">Russia&rsquo;s main security agency is expanding its sweeping surveillance powers</a>, deepening the state&rsquo;s reach into economic and social life to suppress any risk of dissent to President Vladimir Putin. &nbsp;

US Reportedly Eyes War Exit, Fully-Laden Tanker Hit, Russia Spies Tighten Grip

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6b6299e0-7542-439c-abed-b41e0080b85a/transcript

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump said that Iran “gave” the US most of the 15 demands it issued to Tehran to end the war, even as it remains unclear whether either side is negotiating.

(2) Attacks in the Middle East conflict extended into a fifth week Sunday, with Israel striking Tehran and Saudi Arabia intercepting almost a dozen drones, a day after Yemen-based Houthi militants entered the war.

(3) Oil advanced as Iran-backed Houthi militants in Yemen entered the Middle East war and more US troops arrived in the region, raising fears the widening conflict will cause further chaos for energy markets.

(4) UK Chancellor of the Exchequer Rachel Reeves will urge Group of Seven partners to boost domestic energy supplies and warn the recent surge in oil and gas prices is playing into Vladimir Putin’s hands.

(5) French authorities detained two new suspects in connection with a foiled bombing near the Bank of America  office in Paris, which officials have said is likely linked to the conflict in the Middle East.

(6) Once a global hub for entry-level jobs, London is now the epicenter of a growing youth joblessness crisis that is threatening to blight the futures of hundreds of thousands of people and fuel a backlash against Prime Minister Keir Starmer’s Labour government in key municipal elections in just over a month.

Podcast Conversation: America Is Depleting a Bigger Weapon Than Missiles: Max Hastings

Your morning briefing. All the news you need to start your day. On today's podcast: (1) President Donald Trump said that Iran &ldquo;gave&rdquo; the US most of the 15 demands it issued to Tehran to end the war, even as it remains unclear whether either side is negotiating. (2) Attacks in the Middle East conflict extended into a fifth week Sunday, with Israel striking Tehran and Saudi Arabia intercepting almost a dozen drones, a day after Yemen-based Houthi militants entered the war. (3) Oil advanced as Iran-backed Houthi militants in Yemen entered the Middle East war and more US troops arrived in the region, raising fears the widening conflict will cause further chaos for energy markets. (4) UK Chancellor of the Exchequer Rachel Reeves will urge Group of Seven partners to boost domestic energy supplies and warn the recent surge in oil and gas prices is playing into Vladimir Putin&rsquo;s hands. (5) French authorities detained two new suspects in connection with a foiled bombing near the Bank of America&nbsp; office in Paris, which officials have said is likely linked to the conflict in the Middle East. (6) Once a global hub for entry-level jobs, London is now the epicenter of a growing youth joblessness crisis that is threatening to blight the futures of hundreds of thousands of people and fuel a backlash against Prime Minister Keir Starmer&rsquo;s Labour government in key municipal elections in just over a month. Podcast Conversation: <a href="https://www.bloomberg.com/opinion/articles/2026-03-29/iran-war-trump-is-depleting-a-more-powerful-weapon-than-us-missiles" data-destination="https://www.bloomberg.com/opinion/articles/2026-03-29/iran-war-trump-is-depleting-a-more-powerful-weapon-than-us-missiles">America Is Depleting a Bigger Weapon Than Missiles: Max Hastings</a>

Trump Weighs Kharg Occupation, Oil Surges Past $115, Graduate Job Crisis

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/53ca0967-aff2-442d-8603-b41d005eaa5a/transcript

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) President Donald Trump again pushed back his deadline for Iran to strike a deal with the US or face more attacks, saying talks with the country were going “very well.” Sources have told the Wall Street Journal that the US is considering sending up to 10,000 additional ground troops to the Middle East.

(2) UK Prime Minister Keir Starmer suggested he won’t be bullied by Donald Trump in a further demonstration of how the US president’s war on Iran has frayed the so-called special relationship between their two countries.

(3) Britons are saving more and cutting back on big-ticket items in an effort to ride out the economic fallout from the Iran conflict, according to a closely watched survey.

(4) European Central Bank President Christine Lagarde warned of complacency in assessing the fallout of the conflict in the Middle East, according to an interview with The Economist.

(5) Bond traders, spooked by the prospect of the conflict in Iran escalating further, are looking to hedge against worst-case war outcomes that could force the Federal Reserve to raise interest rates in coming weeks.

(6) Consumers are responding to one of the largest disruptions in global oil markets by embracing low-carbon technologies that promise to lower gas and power bills. For many, the conflicts in Iran and Ukraine have driven home a harsh reality: the only path to energy security is going electric.

(7) London urgently needs more housing. The city’s population has increased by over half a million in the decade through 2023, bringing it to around nine million, yet homebuilding has fallen dramatically. Bloomberg's Damian Shepherd explains why.

Podcast Conversation: Amazon Offers Drivers Prizes to Say Why They Love Their Job

Your morning briefing. All the news you need to start your day. On today's podcast: (1) President Donald Trump again pushed back his deadline for Iran to strike a deal with the US or face more attacks, saying talks with the country were going &ldquo;very well.&rdquo; Sources have told the Wall Street Journal that the US is considering sending up to 10,000 additional ground troops to the Middle East. (2) UK Prime Minister Keir Starmer suggested he won&rsquo;t be bullied by Donald Trump in a further demonstration of how the US president&rsquo;s war on Iran has frayed the so-called special relationship between their two countries. (3) Britons are saving more and cutting back on big-ticket items in an effort to ride out the economic fallout from the Iran conflict, according to a closely watched survey. (4) European Central Bank President Christine Lagarde warned of complacency in assessing the fallout of the conflict in the Middle East, according to an interview with The Economist. (5) Bond traders, spooked by the prospect of the conflict in Iran escalating further, are looking to hedge against worst-case war outcomes that could force the Federal Reserve to raise interest rates in coming weeks. (6) Consumers are responding to one of the largest disruptions in global oil markets by embracing low-carbon technologies that promise to lower gas and power bills. For many, the conflicts in Iran and Ukraine have driven home a harsh reality: the only path to energy security is going electric. (7) <a href="https://www.bloomberg.com/news/features/2026-03-27/london-housebuilding-struggle-to-keep-up-with-growing-population">London urgently needs more housin</a>g. The city&rsquo;s population has increased by over half a million in the decade through 2023, bringing it to around nine million, yet homebuilding has fallen dramatically. Bloomberg's Damian Shepherd explains why. Podcast Conversation: <a href="https://www.bloomberg.com/news/articles/2026-03-26/amazon-offers-1-000-prizes-for-drivers-who-say-why-they-love-their-job">Amazon Offers Drivers Prizes to Say Why They Love Their Job</a>

Report: US Eyes Troop Surge, Starmer Pushes Back, London’s New Housing Crisis

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ff77f31b-fc7b-4a80-9349-b41a006ef1e0/transcript

Exclusive: Rachel Reeves on Iran Shock, US Trade & Inflation Risks

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