A beginner's guide to Trussonomics
The Story
The Times
3.9 • 1.6K Ratings
🗓️ 22 September 2022
⏱️ 33 minutes
🧾️ Download transcript
Summary
Newly-appointed Prime Minister Liz Truss has inherited an economy in turmoil. With the nation on the verge of recession and significant challenges ahead, what might we expect to hear from tomorrow's “Fiscal Event”?
This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today and get one month free at: thetimes.co.uk/storiesofourtimes.
Guest: Mehreen Khan, Economics Editor, The Times.
Host: Manveen Rana.
Clips: Channel 4, ITV, Al Jazeera, The Guardian, Sky News, BBC News, The Independent, Thames TV, GB News, BBC Radio 4.
This podcast was brought to you thanks to subscribers of The Times and The Sunday Times. To enjoy unlimited digital access to all our journalism subscribe here.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Tomorrow, in what's being described as a fiscal event, Liz Truss's government will reveal |
| 0:17.0 | its economic plan to fix a country in crisis. |
| 0:22.2 | Britain, on the brink of a recession as deep as the 90s and as long as the 2008 financial |
| 0:29.5 | crash. There was real fear, fear, fear, anxiety, you know, people lying in bed at night wondering |
| 0:36.0 | how they're going to pay their bills. |
| 0:39.3 | So what can we expect to hear tomorrow, and crucially, will it work? |
| 0:44.8 | I think that given the commitment that Liz Truss has to be a low tax prime minister, coupled |
| 0:51.0 | with the fact that she is taking on a massive financial burden, which is the energy crisis, |
| 0:56.0 | it leaves you with a very big question of how the hell do we pay this back if it's not |
| 1:01.4 | with more taxes. |
| 1:03.9 | You're listening to stories of our times from the times and the Sunday times. I'm Manvine |
| 1:08.8 | Rana. Today, a beginner's guide to Truss Enomics. |
| 1:25.3 | My name is Merine Khan, I'm the economics editor at the Times. |
| 1:29.1 | Merine has been watching all of Liz Truss's pronouncements on the economy, both during |
| 1:34.1 | her campaign and since she came to power to work out what the new government's economic |
| 1:39.6 | strategy will be. But for the biggest clue to what we'll hear when the new chancellor quasi-quarting |
| 1:46.9 | stands up at the dispatch box tomorrow, we really need to go back further. We need to |
| 1:53.1 | go back a decade to September 2012. The country was just recovering from a financial crisis. |
| 2:02.5 | But until businesses find it easier to borrow money and start hiring and until people |
| 2:07.0 | feel confident enough to start spending, some believe a true recovery could take years. |
| 2:12.7 | The Tory Lib Dem coalition government was still enjoying a honeymoon period when out of |
| 2:18.9 | the blue, a book, a pamphlet of essays was published that called quite a star. The book |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Times, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Times and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

