The Three Old Hacks have known each other for 40 years, having met when they were all working for Financial Weekly magazine in 1984, which is also the year David Smith went on to join The Times. He recalls how Nigel Lawson set the standard as a tax reforming Chancellor with his autumn Budget that year, while Nigel Dudley remembers his lucky escape when he decided to go back to his hotel rather than having a nightcap at the bar of the Grand Hotel in Brighton during the Conservative Party Conference, thus missing the IRA's attempt to assassinate the Prime Minister and her Cabinet.

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With a certain cynicism born of decades of political reporting, the Three Old Hacks look at the way in which the press have descended on the newly elected Labour government like a pack of ravening wolves over its approach to the Prime Minister receiving gifts.

As gifts of everything from expensive clothing to seats to watch Arsenal have been revealed, they discuss whether it matters that politicians receive gifts, and how the Downing St machine has handled – or failed to handle the stories.

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Tony Blair's anthem was Things Can Only Get Better. Keir Starmer's appears to be Things Can Only Get Worse says David Smith, Economics Editor of the Sunday Times in this week's Three Old Hacks podcast, following on from the Prime Minister's speech this week warning they will have to raise taxes to fill the black hole left by the last government, in order to be able to do any of the things they want to do.

Former Sports editor of BBC News Mihir Bose, political analyst Nigel Dudley and Economics Editor of the Sunday Times David Smith, aka the Three Old Hacks, discuss the week's news. Listen to their podcast on The Chiswick Calendar website or on any of the usual podcast platforms.

Get in contact with the podcast by emailing threeoldhacks@outlook.com, we’d love to hear from you!