Budget Review: Have Your Twix and Eat It

Inside Briefing with the Institute for Government

Institute for Government

News, Politics, Government

4.6 • 252 Ratings

🗓️ 28 October 2021

⏱️ 27 minutes

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Summary

Fuelled by a Twix and a can of Sprite, Chancellor Rishi Sunak finally set out his budget and multi-year spending review on Wednesday, we take a look at his plans will mean for Britain’s economy. Also, COVID hasn’t gone away, but what would the introduction of plan B look like? Is the public ready for it? And COP26 begins at the weekend. MO HUSSEIN, former advisor to Climate Change Secretary Amber Rudd joins to tell us what these conferences are really like, and what needs to happen to make the event a success for both Britain and the world. * “The rhetoric of the budget speech didn’t match up to the forecasts.” - GEMMA TETLOW * “When Sunak receives bad news, he raises taxes. When he gets good news, he raises spending.” - GEMMA TETLOW * “It was noticeable how little ‘net-zero’ was mentioned in the budget, especially with COP26 next week.” - ROSA HODGKIN * “The Conservatives are matching, even outdoing Labour on spending in some areas.” - MO HUSSEIN * “Lots of geopolitics happens at COP summits, countries need to cut through that.” - MO HUSSEIN * “Failure would look like coming out COP26 with the same climate targets as we have now.” - ROSA HODGKIN Presented by Bronwen Maddox with Gemma Tetlow and Rosa Hodgkin of the IfG. Audio production by Alex Rees. Inside Briefing is a Podmasters Production for the IfG. https://www.instituteforgovernment.org.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hello and welcome to Inside Briefing, the podcast from the Institute for Government.
0:14.4	I'm Bronwyn Maddox. A brand new budget and spending review logo, a selection of well-lit
0:19.2	photos of the Chancellor sporting a pair of
0:21.3	95-pound sliders, lining up a pre-budget twix bar, and an onslaught of press releases
0:27.3	and announcement. Nothing so subtle as the traditional leaks. Then on Wednesday, Rishi
0:32.0	Sunak finally took to his feet to set out his budget and multi-year spending review, and we're
0:37.0	going to take a look at his
0:37.9	plans. Horace Johnson was on the front bench and the Prime Minister was wearing a mask. Kirstama
0:42.5	wasn't there. Real bad luck, although the kind that can make or break political careers, but he'd
0:46.9	caught COVID. Are we coming out of the pandemic or edging back to some tighter restrictions?
0:51.8	We'll look at Plan B and whether it might be deployed.
0:55.1	And then we're going to head virtually to Glasgow with COP 26 getting underway this weekend.
0:59.5	It's a huge moment in the world's effort to tackle climate change. What will make it a success for
1:04.6	the planet and for the UK? What would make it a failure? All that to come. I'm delighted to be
1:09.3	joined throughout by Mo Hussein,
1:15.5	who's worked as an advisor to Amber Rudd when she was Home Secretary and Secretary of State for Energy and Climate Change. He was also Chief Press Officer in number 10 and now works for
1:20.1	Communications Agency, PLMR. Hi, Mo, how are things?
1:24.0	Hi, I'm good, thank you. Also with me today throughout is IFG researcher Rosa Hodgkin. Hi, Rosa.
1:30.1	Hi, Bronwyn. Great to have you here. Okay, let's start with our first topic, the budget. Big day in
1:35.6	Parliament, Rishi Sunak spoke for over an hour, sustained only by a glass of sprite, and he set out
1:40.9	what he called an economy fit for a new age of optimism.
1:45.3	And he certainly did splash the cash in doing so ripping up the austerity economics of former
	...

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