Mixed signals for Labour as GDP rises but the rich leave

<div>The Prime Minister is in Albania today to focus on immigration: the government has announced that the UK is in talks to set up 'return hubs' with other countries to send failed asylum seekers abroad. <br><br>Unfortunately for the government though, also going abroad are Britain's millionaires. In the cover article for this week's <em>Spectator</em>, our economics editor Michael Simmons writes that London lost 11,300 dollar millionaires last year alone. These figures run in stark contrast to today's news that GDP increased by 0.7% in the first quarter of 2025. This continues a trend of mixed signals for Britain's economy. <br><br>Also on the podcast <em>Spectator</em> editor Michael Gove discusses his interview with justice secretary Shabana Mahmood, who announced today that some reoffenders will be recalled to parliament for a reduced, fixed amount of time to relieve the pressure on prisons. <br><br>Both Michaels join Lucy Dunn to discuss further, and for the full interview with Shabana Mahmood click through to <a href="https://youtu.be/ukW1zWzWiLg">Spectator TV</a>. <br><br>Produced by Patrick Gibbons.</div><p>Become a <em>Spectator </em>subscriber today to access this podcast without adverts. Go to <a href="https://www.spectator.co.uk/follow-your-podcasts/" rel="noopener noreferrer" target="_blank">spectator.co.uk/adfree</a> to find out more.</p><br><p>For more <em>Spectator</em> podcasts, go to <a href="https://www.spectator.co.uk/podcasts/" rel="noopener noreferrer" target="_blank">spectator.co.uk/podcasts</a>.</p><br><p>Contact us: [email protected]</p> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>