In this special episode, Michael and Marcus are joined by Iain Murray, CIPFA’s Director of Public Financial Management, recorded just post a busy few days at Public Finance Live 2026.

Together, they reflect on the key themes emerging from this year’s conference, from the challenges facing local government finance to the opportunities presented by a rapidly changing profession. They discuss Matthew Syed’s thought-provoking keynote on growth mindset, the increasing importance of leadership and adaptability, and how the role of the Section 151 Officer is evolving beyond financial stewardship into a broader strategic leadership position.

In this episode, Marcus and Michael continue their focus on issues and trends impacting the local government sector, including rising local government debt levels, the Government’s plans for Mayoral Development Zones, and what the Makerfield by-election may signal for the UK’s changing political landscape.

They then turn their attention to one of the defining reforms of modern local government: devolution. The discussion explores how powers are shifting away from Whitehall, what successful devolution looks like in practice, and the opportunities, and challenges, it presents for places across England.

In true Star Chamber fashion, the episode concludes with an historical detour into the origins of the modern welfare state. Marcus and Michael revisit the Beveridge Report, the famous Five Giants, and the ideas that continue to shape public services more than eighty years later.

In this episode, Marcus and Michael are joined by Stuart Rimmer and Alison Young from Thames Freeport for a wide-ranging discussion on one of the UK’s most significant economic growth initiatives.

The conversation explores the role of Freeports in driving investment, trade, innovation and regeneration, and examines how Thames Freeport is seeking to create long-term economic value across one of the country’s most important industrial and logistics corridors.

Alongside a deep dive into the Freeports agenda, the episode also reflects on the aftermath of the recent local elections, considering what the results may mean for local government leadership, devolution, economic growth and place-based investment.

The episode concludes with an idiosyncratic journey into the history of the Cinque Ports, exploring what a medieval network of coastal towns can still teach us about trade, governance and economic power today.