Government spending and the history of Lazard

This week in trading post, Matthew Lynn speaks with David Craig about government spending. Over the last ten years, New Labour has boosted public spending by around a trillion pounds. In his new book, Squandered, Craig argues the government has failed to deliver the taxpayer value for its money.

Matthew also spoke to former Wall Street Journal reporter William Cohan about his new book, The Last Tycoons, which discusses investment bank Lazard, where William was a banker for 17 years.