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Political Fix

Brexit stalemate and tackling intergenerational unfairness

Political Fix

Financial Times

Politics, News, News & Politics

4.21.2K Ratings

🗓️ 12 May 2018

⏱️ 32 minutes

🧾️ Download transcript

Summary

Another week, another round of infighting about the customs union with no conclusion. How long can the Cabinet remain divided? Plus, we discuss whether millennials need a £10,000 bond to make their lives fairer. Presented by Sebastian Payne. With Chris Giles, Miranda Green, James Blitz and Laura Hughes of the Financial Times. Produced by Joshua Oliver. 

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Transcript

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0:00.0

Welcome to F.T. Politics, the Financial Times's weekly discussion on what's happening in Westminster.

0:13.3

I'm Sebastian Payne.

0:14.9

In this week's episode we'll be discussing Boris Johnson's latest Brexit Outbird,

0:19.5

the Customs Union and what needs to be done to repair the country's intergenerational contract.

0:24.7

I'm delighted to be joined by our Whitehall editor James Blitz, economics editor

0:28.7

Chris Jules, political correspondent Laura Hughes, and deputy opinion editor Miranda Green.

0:33.7

Thank you all for joining.

0:35.2

And if you enjoy this episode of FT Politics, don't forget to subscribe to all the usual channels

0:40.3

to receive it every Saturday morning.

0:42.8

So another week and the Brexit stalemate goes on.

0:46.0

Theresa May's cabinet failed again to meet and decide its preferred option for the UK's

0:50.8

customs relationship with the EU after Brexit.

0:54.2

The Prime Minister's side split up her inner war cabinet into more subcommittees in order to try and

0:59.1

find the compromise that can bring her government with her.

1:02.3

And Boris Johnson, ever diplomatic, helped the situation by calling the Prime Minister's

1:07.0

preferred solution crazy.

1:09.0

James Blitz, so we haven't really moved on that much from the story last week.

1:12.8

We've still got these two options on the table, which is Theresa May's new

1:17.4

Customs Partnership and Maximum Facilitation, which is essentially doing as much

1:21.8

as possible to reduce border infrastructure.

1:24.7

The EU has said neither of these will fly, so we're still negotiating with ourselves, but again another

1:29.7

week is ticked by and still no movement. Yes to state the bleeding obvious time is

...

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