Behind Britain’s self-inflicted financial crisis
Viewsroom
Reuters
4.4 • 58 Ratings
🗓️ 28 September 2022
⏱️ 19 minutes
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| 0:00.0 | Something unexpected has arrived in Happy Meal. |
| 0:03.2 | Teenage Mutant Ninja Turtles and Hello Kitty and friends are teaming up for the ultimate collab. |
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| 0:11.0 | Some fun, some food, it's all inside this Happy Meal. |
| 0:16.3 | Until the 2nd of February from 11am includes one pre-selected book or toy whilst it's last. |
| 0:20.3 | The views expressed on this podcast are those of the participants, not of Roiders' News. |
| 0:29.8 | We need a new approach for a new era, focused on growth. |
| 0:35.5 | Our aim over the medium term is to reach a trend rate of growth of 2.5%. |
| 0:42.3 | And our plan is... |
| 0:44.3 | Certainly there is a strong signal here from the markets that they do not like the budget that we had from the UK government on Friday. |
| 0:54.7 | That was UK finance minister Quasi Quartime, unveiling his budget package for the UK economy |
| 1:00.6 | last Friday. It included tax cuts for corporations and the highest earners, as well as a mammoth |
| 1:06.2 | energy support package. And that was followed by a foreign exchange trader discussing the dire market reaction. |
| 1:13.1 | The crisis in the UK economy is our sole focus of this week's episode. |
| 1:18.6 | Welcome back to the views room, the podcast from Reuters breaking views where columnists from around |
| 1:23.6 | the world talk about the big stories of the week. I'm your host, Amy Donnellan, |
| 1:27.8 | coming to you from London. The fallout from the UK government's new spending plans has |
| 1:33.4 | dominated headlines around the world this week. Sterling hit a record low and the cost of UK borrowing |
| 1:39.2 | soared as investors fretted about how the government would tackle its mounting debt pile |
| 1:44.0 | and balance its books. |
| 1:46.0 | But what does this currency and debt debacle mean for interest rates |
| 1:49.5 | and what options does Cortin have to reassure markets? |
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