Up next in 10
Keir Starmer resigns: what it means for the economy, the markets and the pound in your pocket
Jun 23, 2026
Send us Fan Mail (https://www.buzzsprout.com/2612946/fan_mail/new)
Sir Keir Starmer has announced his resignation as Prime Minister, with Andy Burnham set to be installed as Labour leader within weeks.
Joining us to make sense of the politics is our Editor-in-Chief Christian May.
Meanwhile, what does the change in regime means for the economy and the markets? Simon Hunt tells us the City's pick for Chancellor.
Plus: could football-crazy Andy Burnham reform sports broadcasting?
Remember to download the City AM app: https://tr.ee/BwDcEwXuPS
... and subscribe to our various newsletters here: https://mailchi.mp/cityam.com/newsletters
If you'd be interested in sponsoring Business As Usual please get in touch via the fanmail link!
Show More Show Less View Video Transcript
0:00
This is a City A M Studios production.
0:05
>> Hello and welcome back to Business as
0:07
Usual brought to you by Octa with me
0:09
Martin Kimble.
0:10
>> And me Matt Kenyon.
0:11
>> Coming up on the podcast today. So Kier
0:13
Starmer has quit as Prime Minister and
0:15
Andy Burnham looks almost certain to
0:17
replace him.
0:17
>> And if the former Manchester mayor is
0:19
set to take the keys to Downing Street,
0:21
what will markets, investors and
0:23
business make of the new regime?
0:25
>> Plus with the most football obsessed PM
0:27
in recent memory about to be replaced
0:29
with another footy fanatic, what could a
0:32
new government mean for British sport?
0:38
>> Every decision I've taken has been about
0:41
putting the country I love first.
0:44
That is why I will resign as leader of
0:48
the Labour Party.
0:50
I have spoken to His Majesty the King
0:51
this morning to inform him of my
0:54
decision.
0:56
>> So it has happened. Kier Starmer will be
0:58
stepping down as PM and it looks like it
1:01
could be just a few weeks before Andy
1:03
Burnham is installed in number 10.
1:06
Joining us to make sense of all of this
1:08
is our editor-in-chief Christian May.
1:09
Welcome back Christian.
1:10
>> Thank you. I'm beginning to get the
1:11
sense that you only wheel me out on
1:14
particularly punchy news days. There's a
1:15
threshold, isn't there?
1:16
>> Mhm.
1:17
Well, luckily quite a few days in the
1:19
year cross that threshold now. We're in
1:21
pretty exciting times.
1:22
>> to keep our powder dry for the big days.
1:24
>> All right. So obviously Andy Burnham
1:26
looks like he's going to be the man of
1:28
the hour. But before we get on to him,
1:29
it let's talk about yesterday's man,
1:31
Kier Starmer.
1:32
Of the 58 Prime Ministers that we've
1:35
we've now had since we've had Prime
1:36
Ministers, where do you think history
1:38
will rank Kier Starmer?
1:40
>> Okay, I'll go through them all one by
1:41
one. Um and now
1:44
Like I just earlier on today I went and
1:46
reread the first speech Starmer gave on
1:48
the steps of Downing Street the day
1:50
after the 2024 election. Very nearly 2
1:53
years ago, a little under 2 years ago.
1:55
And I have to say it's a very good
1:56
speech. Very well written. And in that
1:59
he says that
2:01
his will be a government devoted to the
2:03
service of the public, etc. Well, that's
2:04
very good. They all say that. And then
2:06
he said specifically that this will be a
2:08
government that treads more lightly on
2:11
people's lives, that ends the carousel
2:14
of chaos, that returns stability and
2:17
decency and grown-up politics to the
2:19
nation.
2:20
And of course he has failed to deliver
2:22
that and is a victim of that failure now
2:25
because just under 2 years into office
2:27
he's been slung out. Now, there is a
2:29
school of thought that that says
2:32
that Starmer's defenestration is just
2:34
the latest example or proof point that
2:35
Britain is effectively ungovernable,
2:38
that our politics is too divided, that
2:40
our problems are too deep.
2:42
I do not subscribe to that view. I think
2:45
to do so would be to absolve politicians
2:48
and political parties of their
2:49
responsibility. What's happened here is
2:51
Starmer has been thrown out because his
2:53
own inadequacies have caught up with
2:55
him.
2:56
We have talked at City AM for a very
2:58
long time, almost as long as Starmer has
3:00
been Prime Minister, about
3:02
our grave concerns over the lack of a
3:04
plan, the problems with their economic
3:05
policy, their priorities, the
3:08
contradictions, if you like, at the
3:09
heart of the Labour Parliamentary Party
3:11
that meant they can't do any of the
3:13
necessary economic reforms that this
3:15
country requires. He's not up to it. He
3:18
has been found to have been not up to it
3:20
and his party, whilst, you know, Labour
3:24
MPs that wanted to get rid of him might
3:26
take a different analysis to the reasons
3:27
why I was disappointed with him as Prime
3:30
Minister, they have decided that he was
3:32
not up to the job. He failed. Um and
3:34
that is why he is gone. And I do think
3:36
that our problems are not insurmountable
3:39
and that a good leader who is better at
3:41
politics than Keir Starmer, but is able
3:43
to sense the mood of the nation, um for
3:46
all its divisions and different
3:47
political flavors, um should be able to
3:50
have done better than Starmer has
3:52
managed to do. And because he's done so
3:53
badly, he is out.
3:55
>> He's burned a lot of political capital
3:57
very early with your winter fuel
3:59
payments and other kind of scandal type
4:02
stories like your Lord Ali's glasses and
4:05
sort of thing right quite early in his
4:06
leadership. Um
4:08
but for Burnham, the arithmetic both
4:10
fiscally and politically won't change.
4:13
You know, the the economy isn't motoring
4:16
and the parliamentary Labour Party is in
4:19
no mood for cuts, tax cuts, welfare
4:21
cuts, defense spending, all that stuff.
4:23
Can he somehow work his northern magic
4:27
to change that arithmetic in any way?
4:29
>> I'd be very surprised if he manages to
4:31
achieve that. I wish him well. You know,
4:33
we wish our governments and prime
4:34
ministers well for all of our sakes. Um
4:37
he will discover that being prime
4:38
minister, particularly at a time like
4:40
this, is very very different to being a
4:42
regional mayor where you just get to
4:44
announce things and sign checks uh and
4:46
open things. Um
4:48
the
4:50
he will try to present the sort of a new
4:52
dawn has broken, has it not moment. And
4:55
he will discover there's not a new dawn,
4:57
it's Groundhog Day, that the country
4:58
still faces a terrible rate of economic
5:01
growth, that there is still a a fairly
5:03
punishing cost of living crisis, that
5:06
inflation is going to get higher before
5:07
it gets lower, that unemployment is
5:09
rising and will rise again before it
5:11
starts to come down. The problems are
5:13
very real. Um the public borrowing
5:16
figures are appalling and that should be
5:20
you know, grounds for pause for thought
5:21
for somebody who, if he has any policies
5:24
at the moment, seem to involve
5:25
nationalizing large swaths of British
5:27
industry and subsidizing what he doesn't
5:29
nationalize. So, he's going to come into
5:32
office as if he's got this growing
5:34
economy and all these levers to pull and
5:36
we feel we just sort of shake things up
5:38
a bit and do things differently, will
5:40
achieve different results. But he will
5:42
face, as you said, Martin, the same
5:44
parliamentary arithmetic. Look what
5:46
happened the last time
5:49
uh Keir Starmer and Rachel Reeves tried
5:50
to shave 5 billion pounds off the 300
5:53
billion pound welfare bill, annual
5:55
welfare bill. The Labour MPs said no.
5:58
That's not what we're here for. Now,
6:00
there are some encouraging signs. Wes
6:02
Streeting gave a speech last week which
6:03
I thought was very interesting. I
6:05
thought it was genuinely very
6:06
intellectually coherent and quite
6:08
stimulating in a number of regards from
6:09
City A.M.'s perspective. I didn't agree
6:11
with all of it, um but coming from the
6:13
mouth of a Labour MP and potentially a
6:15
future Labour Chancellor, I thought it
6:17
was very encouraging. But how he squares
6:19
that sort of Blairite Chancellor in
6:21
number 11, if that's what he does, with
6:23
the fact that some of the most loony
6:24
left MPs in Labour are cheering his
6:27
arrival um from the north down into the
6:29
capital, I don't know. He will face
6:32
great political difficulties uh and he
6:34
will continue to face some very
6:35
challenging economic conditions.
6:37
>> On the topic of Wes Streeting, he's
6:39
folded in behind Burnham's campaign and
6:40
that makes it look overwhelmingly likely
6:42
that we're looking at a coronation, not
6:44
a contest.
6:45
There's a school of thought that
6:47
actually avoiding a contest is quite a
6:48
good thing. We get quite a lot of
6:49
stability and we know what's going to
6:50
happen early on. There's also a school
6:53
of thought which is that there's going
6:53
to be very little scrutiny on someone
6:55
who's been an MP for about 24 hours.
6:57
What do you make of
6:59
Burnham potentially coming in with no
7:01
contest at all?
7:02
>> I can understand the um attraction from
7:05
Labour's perspective, not least
7:06
Burnham's supporters' perspective, to
7:09
have what he's already referred to today
7:10
as an orderly transfer of power, a very
7:13
polite coup language. This is
7:15
effectively a left-wing coup, by the
7:16
way. That's what's happened here. Um and
7:20
I can understand the rationale for
7:21
trying to get it all sewn up and done
7:23
done away with quite nicely in time for
7:25
the summer holiday uh so that he can
7:27
have a, you know, a great bounce um
7:29
post-summer holiday and into the Labour
7:31
Party conference. But he will still face
7:33
these extraordinary challenges. And, you
7:36
know, we hear from the likes of Jim
7:37
O'Neill, former Goldman Sachs uh top dog
7:40
who's been involved in policy and
7:42
politics for a while now. Um he's
7:44
we understand been advising Andy
7:46
Burnham. Um and he said I heard on the
7:49
radio this morning he needs to be
7:51
realistic. He needs to if he wants to
7:53
borrow more and spend more to invest
7:55
more, that's only doable if you take the
7:57
axe to welfare, if you end the triple
7:59
lock, if you take some of these
8:01
decisions. And as he put it, if you're
8:03
leading, if you prepare to lead and to
8:05
say to people this is why we have to do
8:06
this, come with me, which is not
8:08
something Starmer was ever able to uh
8:10
manage, but I hope Andy Burnham has more
8:13
success in that direction, but
8:15
I'd be very surprised.
8:16
>> Chris Youle May,
8:17
uh unless you've been nationalized by
8:19
the next time you come back into the
8:21
studio with
8:21
>> Or subsidized.
8:23
>> [laughter]
8:23
>> Hopefully the latter.
8:25
Uh we look forward to seeing you again,
8:26
but for now that's all we have time for.
8:28
Um coming up after the break, what is
8:30
the Square Mile going to make of an Andy
8:33
Burnham premiership? City editor Simon
8:36
Hunt joins us next. Don't go away.
8:38
>> [music]
8:39
>> This episode is brought to you by Okta.
8:42
AI agents are everywhere now, quietly
8:45
making decisions across organizations.
8:47
That's great until you stop and think
8:49
who's in charge.
8:50
>> If you don't know who an agent is, what
8:53
it's connected to, or what it's allowed
8:55
to do, you can't really trust it to act
8:57
in your interests. That's the bit Okta
8:59
focuses on. They secure the identity of
9:02
AI agents, so there's one clear layer of
9:05
control across the whole system.
9:07
>> Which means every agent has a clear
9:09
identity, permissions, and a line of
9:12
accountability, even as things scale.
9:14
>> Risk becomes something you manage, not
9:16
guess at. Secure every agent, secure any
9:19
agent. Okta secures AI.
9:21
>> [music]
9:25
>> Welcome back. Now it feels slightly
9:28
insane to be discussing this when Keir
9:30
Starmer's resignation isn't even 24
9:32
hours old, but many in the city are
9:34
already placing bets on Prime Minister
9:36
Burnham's pick for Chancellor of the
9:38
Exchequer. To help us figure out who
9:40
would spook the markets the least, we
9:42
have our very own Chancellor and City
9:44
Editor, Simon Hunt.
9:46
Welcome back.
9:47
>> I'm here for I'm your I'm your I'm your
9:49
man of fiscal credibility.
9:51
>> Our diva in number 11.
9:53
So Simon, names ranging from Ed Miliband
9:56
all the way to Wes Streeting have been
9:58
bandied around. Where do you think the
10:01
markets are kind of most comfortable?
10:03
>> So I think we we saw a what looks to
10:07
have been some kind of deal struck
10:09
between Burnham and Wes Streeting, which
10:11
means that Streeting is now not going to
10:13
challenge uh Burnham for the leadership
10:16
of the Labour Party. That is significant
10:17
in two respects. Uh one because it seems
10:20
like that deal would mean that Streeting
10:23
uh is going to be Chancellor because why
10:25
else would he strike the deal? He didn't
10:26
He wouldn't do that to be back as health
10:28
secretary, I don't think. And two
10:30
because the market's preference would be
10:32
for a coronation.
10:34
Uh what a bond markets and markets in
10:36
general do not want is a protracted
10:38
period of uncertainty of several months
10:40
when there is sort of endless
10:43
uh internal Labour squabbles about who
10:45
becomes the next leader. Partly because
10:48
of that uncertainty and partly because
10:50
if and if there were no coronation and
10:52
there were a leadership contest, then
10:54
that the vote on who would become the
10:56
next leader would go to the Labour
10:58
membership. And the Labour membership
10:59
will would vote for the candidate that
11:01
is the most fiscally profligate that
11:03
would put promise all sorts of spending
11:05
commitments that the government can't
11:07
really afford. So if we can swerve all
11:09
of that, the bond markets would be happy
11:11
with a a Burnham-Streeting coronation, I
11:13
think.
11:14
>> Obviously, Andy Burnham did say not that
11:16
long ago, about 6 months ago, that
11:18
Britain shouldn't necessarily be in hock
11:20
to the bond markets. And that is a line
11:22
which definitely haunted him through the
11:24
sort of late 2025 soft attempt at a coup
11:27
against Starmer. Do you think he needs
11:29
someone like Wes Streeting to soften his
11:32
image uh in the city of London.
11:34
>> Yeah, I think I spoke to one analyst
11:36
yesterday who said, you know, Burnham
11:39
frankly has said a lot of things, a lot
11:41
of contradictory things over the past
11:42
few months. And so, when it comes to
11:46
which but which Burnham to believe,
11:49
it's hard to tell, but the most likely
11:51
one will be the pragmatic one because
11:53
broadly speaking, you know, people say a
11:55
lot of things when they're campaigning
11:57
to be leader and then they say the
11:58
slightly more sensible things once they
12:00
become leader.
12:01
>> Yeah, that was a big lesson of Keir
12:02
Starmer's leadership.
12:02
>> Indeed. Indeed. And so, that I think the
12:04
markets are leaning towards Burnham
12:06
being sensible because he doesn't want
12:08
to suffer the similar fate of of
12:10
Starmer. All his trust. Yes, but and
12:13
well, indeed, and Liz Truss was pretty
12:15
swift as as we can all remember.
12:18
And but I think it's not just about who
12:21
Burnham surrounds himself with in
12:23
cabinet, including people like
12:25
Streeting,
12:27
Ed Miliband, etc., but also who his
12:29
advisers are. I think the city are
12:31
paying quite close attention to that.
12:33
And so far they like what they see.
12:35
We've got Jim O'Neill, the the former
12:38
chair of Goldman Sachs is involved, and
12:40
O'Neill has, on the one hand, said that
12:43
the government needs to spend more on
12:44
investment, but they've also but he's
12:45
also said they need to
12:47
pair back welfare spending, which I
12:49
think the market likes the the sounds
12:50
of. And also, people like Andy Haldane,
12:54
again, a quite well-respected voice in
12:56
the city.
12:58
The former OBR chief as well, Richard
13:00
Hughes, apparently advising him as well.
13:02
So, there is that if if you judge
13:05
Burnham fiscally purely on the caliber
13:07
of the people he's surrounding himself
13:09
with, that's the market seem relatively
13:12
calm at the moment.
13:13
>> feels Well, that poses the obvious
13:15
question. There's an obvious like ocean
13:17
between the those on the soft left and
13:20
the left of the Labour Party, those MPs
13:22
who've been, you know, cheering the end
13:24
of Starmer and kind of bandy Burnham
13:26
sailing in and what it kind of looks
13:30
like he's actually going to do, which
13:31
looks more and more like New Labour than
13:35
than Starmer and Reeves.
13:36
>> It seems like that, yeah. But, I think
13:38
his job is a bit more secure, whatever
13:41
he decides to do, because it's too late
13:44
to have a a third leader, you know,
13:45
before the next general election.
13:47
>> that means annihilation. That's what the
13:48
Tories did. You You just can't do that.
13:50
>> Indeed, the most powerful person in the
13:52
previous government was uh Jeremy Hunt.
13:55
Uh no relation, I hasten to add. Um
13:57
>> Although, watching you guys meet the
13:58
other day was fun.
14:00
>> Yeah, well well, indeed. [laughter] But,
14:01
he was the safest because um Liz Truss
14:03
had to bring him in to in an a
14:06
last-ditch attempt to rescue her
14:07
premiership, which didn't work. So, by
14:09
the time Sunak came along, he knew he
14:12
couldn't afford to replace him because
14:14
it could disrupt bond markets yet again.
14:17
And I think it'll be a similar thing for
14:18
whoever Burnham puts in number 11, that
14:21
um there's this has to be a period of
14:23
stability now between now and the next
14:25
general election, otherwise it's
14:26
curtains for Labour.
14:27
>> There is also something to be said about
14:28
the enduring power of vibes when it
14:31
comes to Westminster politics. And I
14:32
think there probably are some parallels
14:33
between when Boris Johnson replaced the
14:36
slightly stilted, robotic Theresa May,
14:38
put out a platform which was quite
14:40
vague, not necessarily to the right of
14:41
her, but just seemed to embody the vibes
14:44
of someone who fit with the membership.
14:46
>> Someone you want to have a pint with.
14:47
>> Yeah, so someone who feels socially
14:49
convincing, but also someone who feels
14:50
like they speak for the heart of the
14:51
party. And I think if he can straddle
14:54
a a more fiscally credible agenda with
14:56
keeping his MPs sweet, it could be, in a
14:59
best-case scenario, he can keep them on
15:02
side. What one more thing just about
15:03
personnel I would like to ask you about
15:05
is the City Minister. So, through like
15:08
through various sort of resignations and
15:10
promotions, we're now onto Rachel Blake
15:12
as the Minister for the Square Mile.
15:14
She's the fourth. Surely, she has to be
15:16
kept in place to avoid a fifth. It feels
15:18
extraordinary.
15:19
>> You would hope so, because um yeah, we
15:22
can't have a a constant sort of
15:23
merry-go-round of people occupying that
15:25
post.
15:26
We've seen the effect that had on
15:28
housing ministers where there seems to
15:30
be one every six months.
15:31
>> 11 in 10 years
15:32
>> Yeah yeah and and look at
15:36
and and look at the state of our housing
15:38
and house building as a result. It's not
15:40
good. So I think I think the pragmatic
15:42
decision there would be to to keep that
15:44
person in post and in terms of what we
15:47
can expect from what we can expect on
15:50
fiscal policy from a
15:51
Burnham
15:53
premiership. We can look back to the
15:56
government's 2007 spending plans which
15:59
were co-authored by Burnham back when he
16:01
was chief secretary to the Treasury in
16:04
the last Labour government. And at that
16:06
time he spoke about wishing to keep that
16:10
low as a share of GDP. He even projected
16:14
a fiscal surplus within three years of
16:16
the publication of that document. I
16:17
think that's pretty remote
16:19
that that would happen now but you know
16:20
that's a reassuring sign if you're if
16:22
you're a bond trader.
16:23
>> For continuity purposes we will keep you
16:26
in post Simon until next time we see you
16:29
to calm the markets but
16:31
>> [snorts]
16:31
>> thank you very much for joining us.
16:32
>> Thank you.
16:37
>> And finally Keir Starmer in his time has
16:39
been accused of a slightly robotic
16:42
inauthentic presentation. But one thing
16:44
that very much has been authentic about
16:45
the outgoing Prime Minister is his
16:47
genuine love of football and it's not
16:49
that common a trait for modern Prime
16:51
Ministers. Remember David Cameron once
16:53
forgot which team he supports. So with
16:56
the die-hard Everton fan Andy Burnham
16:58
now in the frame what should we expect
17:00
from Labour's sports policy? Well our
17:03
deputy sports editor Matt Hardy joins us
17:05
now to talk about exactly this.
17:07
Matt welcome back.
17:08
>> Hello boys. How are we doing?
17:10
>> Very well
17:10
>> Excited to talk about my favorite
17:12
subject again.
17:13
>> Andy Burnham
17:14
>> [laughter]
17:16
>> May I may I just may I just interlude
17:17
something that on on Kier's departure,
17:19
which no one's really talking about, is
17:20
that these nominations open just before
17:22
and close just after the World Cup
17:24
final. I do wonder whether he's just
17:25
planning a little jaunt to to New York
17:28
to to watch the final.
17:29
>> Well, I've been planning to ask you
17:30
about this because so if nominations
17:32
close on the 16th, that is
17:33
>> nominations for the new leadership? We
17:35
should
17:35
>> For the new Yeah, for the new um Labour
17:37
leader and it's likely that could very
17:38
much just be Andy Burnham. He becomes PM
17:40
immediately at that point. The World Cup
17:42
final's on the 19th, so a few days
17:43
later. Very possible that he gets the
17:46
ultimate honeymoon boost, frankly, that
17:48
almost any PM's ever had, which is
17:51
become Prime Minister and then England
17:52
win the World Cup 3 days later.
17:54
>> Amazing, right? What a way to go out. He
17:55
can claim what And also Arsenal, his
17:57
beloved Arsenal, win the league this
17:58
year. Um you know, the the football mad
18:00
Prime Minister. He's had a He's had a
18:02
good run anyway.
18:02
>> But like yeah, great great for Starmer
18:04
cuz he can say, "Well, I I set them up
18:06
in this way." And then great for
18:07
Burnham. He gets the He gets the glow.
18:08
>> Yeah, I mean it's one of those classic
18:09
sports boost things. Boris boosted the
18:12
in the Olympics. But look, this is
18:13
really interesting. Burnham kind of has
18:14
had history with DCMS, Department of
18:16
Culture, Media, and Sport before. And
18:18
there's this amazing thing talk with
18:19
everyone's talking about at the moment
18:20
called the Crown Jewels of Sport, which
18:22
is a list of events that must be
18:25
accessible free to air. So, they must be
18:27
on the BBC or available online for free,
18:29
YouTube.
18:31
>> Uh no, not free to air. Um
18:33
>> [laughter]
18:33
>> but things things like
18:35
>> Edit that out.
18:35
>> things like parts of the World Cup, part
18:37
parts of the Six Nations um highlights
18:40
anyway. Um and certain things, Grand
18:42
National, things that need to be kind of
18:44
visible for everyone. FA Cup final's
18:45
another one. And these these are there
18:47
to to make sure that everyone has access
18:48
to sport and and they say it's good for
18:50
the good for the nation. Now, it looks
18:52
like Burnham's going to be on a a
18:53
nationalization a nationalizationing
18:56
agenda.
18:57
>> A nationalizing
18:58
>> A nationalizing agenda.
18:59
>> mean for like sports rights holding
19:01
companies?
19:02
>> is it, right? He could add to this list.
19:03
He could No one's No one's had the No
19:05
one's had the gumption to to edit this
19:07
list for a long time. He could be the
19:09
guy that does that. His The current DCMS
19:11
secretary is Lisa Nandy, his
19:14
constituency neighbor now I believe
19:15
she's she's up in Wigan.
19:17
>> And she might be in line for a bit of a
19:18
promotion out of DCMS.
19:20
>> Yes, she could be and they could replace
19:21
them with a with a mini Nandy. But the
19:23
the the interesting thing here is that
19:24
this is the future of sport now is is
19:27
Burnham a massive sports fan going to
19:29
change what is what has been kind of the
19:31
status quo for so long?
19:32
>> Because I suppose the public affairs
19:34
folks at Sky Sports would claim that you
19:37
know that broadcaster has plowed
19:39
millions of millions of millions of
19:40
pounds into grassroots sport and without
19:44
all these exorbitantly expensive Sky
19:46
subscriptions, how are these kids ever
19:47
going to learn tennis?
19:49
>> Yes, there is that and obviously your
19:50
love for for Sky and Sky Sports
19:52
continues on this podcast. What I would
19:54
say is actually I think the kind of the
19:56
cut here is Netflix, Amazon Prime, it's
19:59
the streamers. Netflix have paid an
20:00
awful lot of money to have Gary
20:02
Lineker's podcast on, but are they going
20:03
to touch sports rights? I think in
20:05
America they might show a bit of Formula
20:07
1 next year.
20:07
>> Also, there were there were rumors that
20:09
Apple TV were trying to make a sweep for
20:10
the uh the Premier League rights at some
20:12
point last year.
20:13
>> Yes, and they've now got Formula 1 in
20:15
the States. Things are moving away from
20:17
traditional broadcasts and I don't just
20:19
mean BBC, ITV, Channel 4, I mean the
20:21
likes of Sky and TNT Sports and and
20:23
Warner Brothers as well. So, this is
20:25
kind of a new era.
20:26
>> Another thing to talk to you about and
20:27
this is a bit of a schism between um
20:29
Andy Burnham and Sadiq Khan. Um if there
20:32
is a an Olympics in the UK, the next one
20:35
would be
20:36
held in the north of England according
20:38
to the new pitch uh that's being put
20:39
out. Sadiq Khan doesn't like the sound
20:41
of that. He thinks it's a bit of a
20:42
missed opportunity not to include London
20:44
in that, but it does seem like the
20:45
Manchester lobbying force might be a bit
20:47
more powerful if Andy Burnham does
20:49
become PM. What do you think could
20:51
happen there?
20:52
>> Well, I think I think that's exactly
20:53
what we're going to see. Look, I think
20:54
people need to realize that the future
20:56
of Olympics the way we see them is kind
20:57
of coming to an end. These one-city
20:59
Olympics look like they're kind of on
21:00
their way out. They're so expensive. I
21:02
think Germany a couple of years ago
21:04
tried to go for a bid for the for an
21:05
entire the entire Rhine region, You
21:07
know, spread it out, spread the love,
21:09
spread the cost. Um I also believe that
21:12
I think Richard Parker, the the mayor of
21:14
the West Mids, has has kind of said that
21:17
he'd like a bit of bit of action as well
21:19
in on this. So, it actually could become
21:21
>> You get you get the Rico Arena involved.
21:23
It's quite a lot of infrastructure up
21:24
there.
21:24
>> Yeah, and and then and there's an
21:25
athletics arena that already holds
21:26
35,000 people if it wants to. Like, this
21:28
is a difficult problem going forward.
21:30
It's it's not the most complex problem
21:33
if you have to rank it with cost of
21:34
living, pensions, and everything else.
21:36
But, the amount of money sport makes,
21:38
the amount of money our broadcasting
21:40
infrastructure is worth to the to the
21:42
country, and the fact that our quality
21:44
of broadcast is so good that it always
21:45
makes Britain an attractive place to
21:47
broadcast its events, then, you know,
21:48
this stuff does matter in in in kind of
21:50
some sort of value added to the economy.
21:53
>> Just finally, Matt, uh England are going
21:55
to play a game of football. I will
21:56
actually be watching it because,
21:58
unfortunately, it's happening on the day
21:59
that I'm celebrating my birthday, and
22:01
I'm going to have to have that on the
22:02
television while everybody's there.
22:04
>> I have to, yeah.
22:05
>> I'm chuffed. Uh what's the result going
22:07
to be?
22:08
>> Well, this is shows how much Martin
22:09
knows because there might be a game on
22:11
Saturday. They play a game tonight as
22:12
well against Ghana in Boston, and then
22:15
they play in New York at the weekend.
22:17
Look, I think England look so good.
22:19
There was 20 minutes of the way they
22:20
played last week where I don't I don't
22:22
think I was alive when they last played
22:24
that that well, according to people much
22:26
older much much older than me. But yes,
22:28
look, England should be walking this
22:29
group now. It's exciting for us. It it
22:31
it looks like we're we're on course for
22:33
for so much fun. I should say there are
22:35
two interesting things here. That the
22:36
way Iran have have got some points and
22:39
the way America are playing really well.
22:41
There's a there's a chance, a small one,
22:43
but there's a chance that the US may
22:45
play Iran in the knockouts. They were
22:47
We're a little bit We're a little bit
22:48
far out. Um and if that doesn't happen,
22:51
there is, honestly, and I'm not joking,
22:52
there is a chance England would have to
22:54
lose a game, but there is a chance that
22:56
the US play England on July the 4th,
22:59
Independence Day,
23:01
in Philadelphia. There is a chance we
23:04
there's a chance the Tea Party happens
23:06
all over again.
23:06
>> That is glorious.
23:07
>> Well, our own Gary Lineker, thank you
23:09
very much for coming in.
23:11
>> Not sure about that.
23:12
>> [laughter]
23:12
>> My Ardy.
23:13
>> We'll have you back very soon.
23:15
>> Cheers, boys.
23:15
>> Well, that's all we have time for today.
23:17
Thank you very much for listening to
23:18
Business as Usual brought to you by
23:20
Octa.
23:20
>> Don't forget to subscribe to City A.M.'s
23:23
free daily and weekly newsletters. And
23:25
of course, don't forget to download our
23:27
free app.
23:28
>> It still has those puzzles. Keep playing
23:30
them. They're really fun.
23:31
>> We'll be back in your podcast feeds
23:32
tomorrow at 6:00 a.m. But for now,
23:34
goodbye.
23:34
>> Goodbye.
#News