Austerity 2.0: is all the pain really necessary?
Coffee House Shots
The Spectator
4.4 • 2.2K Ratings
🗓️ 19 November 2022
⏱️ 34 minutes
🧾️ Download transcript
Summary
Produced by Cindy Yu and Matt Taylor.
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Transcript
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| 0:00.0 | This episode is sponsored by Canacor Genuity Wealth Management, experienced wealth planners |
| 0:06.0 | and investment managers who offer unwavering support in challenging times. |
| 0:10.0 | Visit candowealth.com for more information. |
| 0:19.0 | Hello and welcome to the Saturday edition of Coffee Have Shots. |
| 0:22.0 | I'm Cindy Ewan and I'm joined by Fraser Nelson, Kate Andrews and Jane Forsytham. |
| 0:26.0 | We're going to chew over the autumn statement now that we've had a bit more time to think about it. |
| 0:31.0 | Fraser, why don't you start by just giving us a brief overview of your thoughts, feelings, emotions, dreams? |
| 0:38.0 | I probably shouldn't save us on the podcast, but we had a number of cover options for the spectator this week. |
| 0:45.0 | One of them was Richie Sinek and Jeremy Hunt with a grave, overseeing grave, putting some earth into it. |
| 0:52.0 | It was a beautiful image. |
| 0:53.0 | The headline I was going to do was the burial of growth, the end of growth, the requiem for growth, that kind of thing. |
| 0:59.0 | Right now I'm sitting here thinking maybe we should have ran the image because it so perfectly fits my mood and what I think has happened. |
| 1:06.0 | That the conservative party is pretty much given up on any growth agenda and now regard themselves as undertakers |
| 1:13.0 | or to put it in a corporates way that they're basically putting the British economy into receivership |
| 1:18.0 | rather than the YouTube executive coming to give it your direction life and an agenda. |
| 1:23.0 | Now I didn't do that in the cover because of course this is not the weekly Fraser Nelson. |
| 1:27.0 | Well, it's a good mind mood. I knew that James and Kate saw it differently. |
| 1:31.0 | So we just did a more... |
| 1:33.0 | Well, let's let them speak for themselves. James, why don't you give us your take? |
| 1:38.0 | So, I mean the first thing to say, as Kate has written this, that the era of cheap money is over around the world. |
| 1:45.0 | I mean the mistake that Liz Truss and Positquata made was that they were about to go on a big borrowing spree just as this era of cheap money is coming to an end. |
| 1:53.0 | And that's why the UK's borrowing cost spiked. |
... |
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