WATCH - Why Appointing Andy BURNHAM is a RISK... | William Yarwood on Labour’s Leadership CHAOS

Added: 2026-05-15

[00:00:00]read that investors said because basically um the one uh publication that has talked about it in great detail is actually the telegraph to be fair to them. They've been really keeping an eye on the financial markets and um there was a Goldman Sachs source that came out yesterday and said that if political turmoil like this continues we're going to see Liz put trust 2.0 but significantly worse in terms of bond market.

[00:00:19]>> Why have we seen it already though is my point >> because I because again Star is staying put. there's there's still that consistency there and also um they're more scared about Burnham. The bond market are terrified of Burnham because Bernham doesn't believe in the bond market. But the this this point irritates me. Burnham and his allies Bernham came out ages ago and the new statesman said Britain's in hog to the bond markets economically literate but fine whatever. Then we move on and he see his allies saying that if Bernham does get into power the bond markets need to fall in line. That's not how it works. If you don't want to be exposed to the market and not exposed to the bond markets, fine. But the way you do that is by not having a 2.7 trillion pound national debt and then borrow more money, right? But which is both things that Burnham doesn't care about, wants to do more.

[00:01:02]>> No, because like all of these characters, he doesn't understand the private markets. He doesn't understand private business. He doesn't understand the economy other than the one that he feeds with public money. Exactly. He has no understanding of commerce. He has no understanding of how you make a profit in a business. He has no understanding of anything other than taxing people like Angela Raina and making sure that you use that tax to actually continue to fund, you know, more public sector workers.

[00:01:25]>> And the investors who are reading the taggraph, they were saying like, you know, you reacted badly when Liz trusted unfunded tax cuts, but wait until you see the way we react with unfunded spending, right, on a level that we've not seen before.

[00:01:36]>> But that's what we're now seeing. And that's why I don't understand why they haven't reacted like that like they did against Liz Trust against Karma. And you can only conclude one thing, and that is that they're all in hawk with each other. And they're all in hawk with the with the left-wing kind of establishment this country seems to now be run by, where literally ordinary people like you and I are punished for making money, punished for having a job, punished for doing something to try and better yourself, punished for having children, punished for, you know, going on holiday. You know, everything you do is taxed by these wankers. Speaking of punishments and taxes, I mean, um, if say this all blows over, say that Starman stays and Reeves stays because of this, Reeves has lost about 12 billion pounds worth of headroom. 12 billion quid, which means, you know what that means, by the budget? Oh, there's another black hole. Yeah, there's another black hole, guys.

[00:02:23]>> Black hole, which we've made.

[00:02:24]>> Yeah, we've made this a woman who brought in a mansion tax that ended up costing her money.

[00:02:29]>> Yes, man cost money. The capital gains tax increases have cost money. The VA on private schools is actually going to cost the Treasury money. All stuff that I predicted when they first implemented it by the way, but neverthe many other economists and that normal people did because oh, you know, if you tax something, you tend to get less of it.

[00:02:46]So what do you think is going to happen if you tax private schools and and big houses and also >> 65,000 kids had to leave private schools as a result.

[00:02:55]>> And also that's taxing send in social care schools, right? Tax and send send um schools. It's taxing um you know uh like schools that are um you know uh specifically for you know kids that need a little bit of extra help and you know this is the party of compassion. This this is supposed to be a part of compassion. What you're doing is you're putting these kids in comprehensive school where they can't get that help because essentially you've just priced their parents out who work bloody hard to get their kids into those decent schools.

[00:03:22]>> You now priced them out and now you're going to give those kids a worst chance in life now because of it. It's just >> and an awful lot of local councils also have now got a much bigger transport bill because they're having to transport these kids from one place to another sometimes out of the county they're living in because there aren't any spaces for them to go anyway.

[00:03:39]>> Well, we've we've talked about this in detail before about the taxi bills in in in local government and we've done some research into this ourselves. Um but nevertheless, I think that the core part is like you you are you are correct. Of course, I'm on the micro show. Of course, I'm going to say you're correct.

[00:03:51]But nevertheless, like you are correct.

[00:03:53]I think you they shouldn't buy the K star stuff and the the new flick of paint he's by himself the joy. But one thing I would say just as a slight moment of caution makeover.

[00:04:03]>> I don't I wouldn't expect Stara to be out by the end of this week and I be wouldn't even expect him by the end of next week because Starmmer is going to fight this with every single fiber of his body.

[00:04:14]>> Yeah. Because he's got nothing else.

[00:04:15]>> And also MPs he's got nothing else. But also MPs don't know how to get rid of a guy like Star who just says no. like Tory MPs when they said uh prime minister should go most prime ministers went oh I've lost support immediately thanks >> I was sitting here yesterday with Jeff Banks you know the iconic you know fashion designer who's been an incredible influence on British culture and society for for decades right and he just said look a decent man would just walk away because you are now sitting there in a position where everybody doesn't want you to be there you've achieved nothing in fact worse than that you've you've you've taken Britain down a terribly dark path where you've made it the laughingtock of the world. Um, you know, you've bankrupted the economy.

[00:04:54]You've borrowed more money than you can afford to pay back. You've embarrassed our our allies in America. You've ruined the special relationship. Just go.

[00:05:02]Right. And any decent, normal person would go, "Okay, hands up. I'm going to I tried my best. It's not my fault, but I'm going to walk away." Um, instead of which he goes, I'm not going to walk away. I'm going to sit here and carry on a mandate that I was given by the British people. He wasn't giving me a bloody mandate by the British this this mandate for change nonsense. the the I was going through the bills after the king's speech um and do you know what it's so lackluster Mike it's so lackluster it's it's digital ID which no one voted for real which no one voted for a visitors levy by the way which means that if you do stations in the United Kingdom folks you're going to be paying extra money another couple hundred quid on top of your hotel bills which is nice and that's being imposed on the from the local level so they can squeeze money out of you yeah all it is is just >> and returns to the European Union I mean it's has helpfully done a little sort of at a glance guide, right? And they've got what, two, four, six, eight, 10 things, right? Digital ID drive, create a new voluntary digital ID system, which nobody wants. Not voluntary. And it's not voluntary. Holiday tax, as you say, allows mayors and local leaders in 13 areas to introduce tourist tax for overnight stays in England. EU rules return. What's the government now going to adopt more EU rules to live by?

[00:06:12]Right.

[00:06:14]small votes tighten asylum appeals and introduce new measures aimed at stopping what what's he talking about right votes at 16 lowering the voting age of 16 who are all going to vote green idiot NHS app shakeup I mean that's not a policy you're going to change the works right leaseold reform begins phasing out lease holds on new flats and caps existing ground rats rubbish Iran uh banning powers gives ministers powers to ban hostile foreign state back groups like Iran's revolutionary guard Well, they can do that now. That doesn't need to be in there. And they've still got the bloody Iranian min ambassador sitting in in the embassy. Touts out ministers will publish draft laws to ban ticket resales. What um steel takeover ministers get the power to nationalize British steel.

[00:06:59]>> This is the plan. That's the plan for change.

[00:07:02]>> I'm not even going to bother tearing it up. It's just crap.

[00:07:04]>> That's the plan for change. But also like as you noticed it's just like more impositions on your freedoms, more taxes for you and also more meaty mouth things like oh we've passed a law to say that we can do this but we're not actually going to do it like with the GC stuff. I mean the the most egregious one for me actually which wasn't mentioned is they've got a bill that's literally called the regulating for growth bill like like that's that's a joke that's a joke I would make. I make a joke about Labour regulating for growth and yet they've called the bill regulating for growth. Well, we need to talk with the competition market authority and all these financial regulators about how we can boost economic growth. It's like, well, maybe stop putting red tape on small businesses and taxing them in the first place and maybe you'll get you'll get growth. I'm sorry. Is that is that too radical for you guys? No, because they only think growth comes from giving government money to people, which has come from the taxpayer or the businesses that they're taxed in order to sort of give some, you know, disabled um group of people um you know, the money to go on a bank holiday bus ride, you know, and they think that's growth. It's just rubbish, right? And the point is is that everybody can see through it. Everybody can see that there's nothing new. Um, and even we had a text there from somebody who said, "Even King Charles didn't look happy yesterday because he was being used as a political football."

[00:08:16]Right here it is from Windy Cheek. The king didn't look well or happy yesterday. Absolutely disgusting. He was made to read out such utter crap which obviously is going completely against the British people's wishes. Correct.

[00:08:26]You know, people in this country are very clear about what they want. Um, I'm not reading that. I am not reading that out. Richie, thank you very much indeed. Um, good point. Well made.

[00:08:38]>> It's a very good point. Well made, but I'm not saying it. Um I can't believe more of you have not come up with some more K star cocktails. By the way, I've seen one uh that said the um uh what was it? The the the >> back the the doggy style daquiri uh star foaming Ukrainian schllo on the rocks.

[00:08:57]>> Well, well, like for >> Is that shaking or stirred? Well, >> for for some for some even better news, guys, we got some breaking news just in.

[00:09:06]Yeah, the UK economy has grown by 0.6% in the first three months of 2026. Woo!

[00:09:12]Well done, guys. 0.6%. Richard the third.

[00:09:15]>> Well done, guys. We've done it. No wonder she was looking for change. She was looking so happy yesterday in the chamber, right? Because cuz she'll say that's above expectations outperforming the market.

[00:09:27]>> We were talking to Mel Stride and they were seemingly getting on quite funny.

[00:09:30]Mel was just doing his usual like like, "Oh, what's going on over here? Was this over?"

[00:09:36]Yeah. And um seemed to be charving her charming her pants off somehow. Well, I mean I think she's probably single now.

[00:09:41]So Mel can you know do you like >> Yeah, that's another one. Marriages don't last long in but um I I I saw it mouthing and I thought like wouldn't it be funny if um Mel's like go on Rachel stand for leader. It'll be funny. I'll back you.

[00:09:54]Go on. Be funny. Hilarious.

[00:09:56]>> There was a couple of funny moments actually. I was going to ask you about this because I saw I mean when Kemmy again when you know the new K star maybe he's been replaced imagine like the pod people in uh what was that movie the the um what was that uh what do you call it um >> uh the body snatchers movie you remember they put the they put the you know and you wake up in the morning there's a big pod in the garden and it's growing like a you know another person I think that's what's happened he's been replaced overnight by somebody who's actually much nicer than he was um and who's trying to be funny now but he was sort of engaging in conversation with Kevin Bnock, right? But the one that was interesting was James Cleverly walking with Wes Streeting, right? And James Cleverly, I don't know if we've got the clip. I don't think we have. Um, James Cleverly's chatting away to him and Streeting's looking at him and then looking away. It doesn't answer him. So, nothing.

[00:10:43]>> There's nothing to him. It's so funny.

[00:10:44]Street like cuz Cleverly is like quite a tall imposing play. He's also he's also quite a charming chap who walks over to Street. I like >> and he and and uh and um you know bit of wet wet as blanket politically but nevertheless he's he is a perfectly nice guy and he walked over to the street and he started talking to him and like was saying hello mate how you doing you can see like he was making small talk it wasn't like talking polic and just like >> yeah and just didn't respond no other labor and peace were talking street as you probably saw everyone else was sort of getting along and being >> but this is the bit I don't get again this whole business of you know um I'm going to I'm going to come back tomorrow and I'm going to resign well he just resign today why didn't he just resign yesterday when he came out after 16 minutes with Star and just go I've now resigned as the secretary of state for health.

[00:11:25]>> Imagine being him yesterday. Imagine how awkward he must have felt all day like knowing that everyone knows what you're up to and but you can't do anything >> and also being rammed by by Benog forgot the policy has slipped into ban any new licenses to drill in the North Sea and putting into law.

[00:11:41]>> Yeah, that's a new one.

[00:11:42]>> Well, I mean I haven't forgotten that but the son obviously haven't mentioned it. So, so, um, yeah, the trouble is this entire government is run by stealth and they do things that they don't want to tell you about. They don't want anyone to have access to to the information that they that they know that they have. Um, and they're dishonest, uh, ghastly. Um, and just pathetic.

[00:12:01]>> And we haven't even talked about Milliband at all in all of this.

[00:12:04]>> Well, he's well, he's he's mentioned, isn't he on, I think, one of the front pages today because it says Milliband to fight strategy for number 10, front page of the Telegraph. So Milliband clearly has got an agenda.

[00:12:15]>> Interesting.

[00:12:16]>> So I'm not sure how that where that all ends up, but the Telegraph reckon that he's definitely in there with a shout.

[00:12:21]>> Oh man, it's going to be fun to watch today. Q. It's I think Do you think Street's going to go today?

[00:12:26]>> Well, I mean, everybody seems to think so. I have no inside track on it. I don't know. But if he doesn't, it's all over.

[00:12:31]>> It's all over. I mean, he has to If he doesn't go today, he might as well forget about >> then. That destroys momentum for Raina.

[00:12:36]That destroys momentum for Burn. That destroys momentum for Milliban.

[00:12:39]for the back benches, which means all of the last week would have been for nothing and nothing like what was the point of the last week of political turmoil. Was it Was it worth shoving the bond markets through the roof? Was it worth possibly causing an interest rate spike? Was it worth wiping 12 billion pounds off Rachel Reef's headroom? Was all of this worth it, guys? And now you're going to be even more unpopular >> in the next yesterday talking about how um she'd been working on some some projects with various different people including government ministers but one of the government ministers involved had resigned and so that's all fallen apart.

[00:13:12]So there's no work being done. There's no actual business of government being done because there's all these holes being created and Star was sort of filling them with people that don't know what they're doing. And so suddenly, you know, people that we've never heard of leaving the government are being replaced by other people we've never heard of who don't know what to do.

[00:13:28]>> So it's like, you know, >> it's literally a zombie. It's a zombie government. I mean, this is why I said weeks ago, I think what will happen is in the end things will cataclysmically sort of collapse around themselves and we'll end up having to have a national general election just in order to kind of reset the whole country because at the moment nobody's running it. No, >> you know, you can't imagine anybody waking up this morning in number 10 is doing anything other than trying to save Kar's ass.

[00:13:54]>> Yeah. Yeah. They're not pursuing their plan for change because they're the guy who's doing the plan for change has looked like on the way out. So, um I Streeting has Streeting has to do it today or it's over. It's it's over for him. And actually, Star is going to stay there. And also, this is going to destroy any momentum or any desire for future coups because they just think >> we can't get rid of this guy. We can't coup this guy. We're just stuck with him till 2029. And actually various people including Mark Littlewood I know comes on the show relatively regularly. I remember talking to him about a while this a while back and he was just like don't don't put bets against Star going anytime soon. You know if they do try and coup it will be a shambles as >> what they should do. Do you remember General Noriega and the Americans couldn't get him out of the presidential palace in Panama. So they went with these huge speakers and put them outside the pan of presidential palace and just played Guns and Roses to him really really loudly until he eventually gave up and just came out with his hands up went all right I can't talk anymore that's what we need to do >> just do that >> yeah just play play Guns and Roses or Frank Sonata or something just play something to to to Downing Street until he walks away >> the Mike Gra show just on >> the Mike Gra show actually yeah on that would be good there is one there is one saving grace though of our democracy and that is that everybody will always be able to rally around the fact that Ed Davyy is perhaps the most useless and most hated leader of any political party. Have a look at this. Right, this is yesterday when he finally got up to say something and everybody walks out.

[00:15:16]Have a look.

[00:15:17]>> THE LEADER OF THE LIBERAL DEMOCRAT, Sir Ed Davey.

[00:15:22]>> Thank you, Mr. Speaker. And may I start by giving my sincere thanks to His Majesty the whole place.

[00:15:31]>> It's so time. Yeah. If you're having a party at home and you know you want people to leave, just give Ed Dav turn up. They'd all just walk away.

[00:15:39]>> What is the point of Ed Davyy? Like what why is >> Well, Kelly also gave him a good slap yesterday, I think, when she said that Prince King Charles had done a brilliant job in America. Um and unfortunately for some um leaders of the of the of the of the political parties in Britain who said he shouldn't go. Um you know, even more ridiculous.

[00:15:58]>> Yeah. Where the king doesn't listen to Ed Davies or no one listens to Ed Davies or something like that.

[00:16:02]>> No one. Not Not even Mrs.