Cabinet fightback: the revolt over spending
Political Fix
Financial Times
4.2 • 1.2K Ratings
🗓️ 18 October 2024
⏱️ 39 minutes
🧾️ Download transcript
Summary
Rachel Reeves’s plans for a tough spending round later this month have sparked a fierce revolt among a raft of cabinet ministers. But will their protests make a difference? Host Lucy Fisher is joined by Political Fix regulars Robert Shrimsley and George Parker to discuss. They also hear from the FT’s chief features writer Henry Mance about the cash-strapped and crumbling English justice system. Plus, the panel considers whether Labour’s investment summit was a success and who is shaping up to win the Tory leadership contest.
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Presented by Lucy Fisher. Produced by Tamara Kormornick. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. Andrew Giorgiades and Rod Fitzgerald were the studio engineers. The FT’s head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | BP is working to bring more lower carbon energy to the UK, like designing two hydrogen plants, |
| 0:06.2 | and we're keeping oil and gas flowing from the North Sea. It's and not all. That's how BP is backing Britain. |
| 0:13.0 | While today we're mostly in oil and gas we increased the proportion of our |
| 0:17.0 | global annual investment that went into our lower carbon and other transition businesses |
| 0:21.0 | from around 3% in 2019 to around 23% in 2023. |
| 0:26.4 | VP.com slash and not all. |
| 0:31.2 | We're now firmly in budget season. |
| 0:33.0 | Robert, just how miserable are ministers. |
| 0:36.0 | They're miserable. |
| 0:37.0 | There's no way past it. |
| 0:39.0 | There's no one walking around with the spring in their air and smelling the flowers. |
| 0:44.0 | They're all down. |
| 0:45.0 | George? |
| 0:46.0 | No, everyone says it's grim, very miserable, it's cheese pairing, it's cutting stuff back, |
| 0:50.0 | they hate this kind of stuff. |
| 0:52.0 | But you know, it's part of the spending |
| 0:54.0 | review process. |
| 0:57.0 | Hello and welcome to political fix from the Financial Times with me Lucy Fisher. |
| 1:02.0 | Coming up, the cabinet fights back. |
| 1:04.0 | Ministers revolt against stammer and Reeves dire plans to cut public spending. |
| 1:08.0 | Also, we'll take a closer look at the justice system, |
| 1:12.0 | drowning in cases and unable to cope. |
... |
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