Can George Osborne count himself lucky?

Politics Unpacked

Anna Covell

News & Politics, Politics, News

4.4 • 1.4K Ratings

🗓️ 16 February 2016

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Philip Aldrick:Global markets have been in meltdown but one man who may be smiling is the chancellor. Government borrowing costs have fallen to an all-time low, which make servicing the nation’s £1.5 trillion of debt cheaper. Over the next five years, Capital Economics estimates lower market interest rates and lower inflation will hand George Osborne a £20 billion windfall. He’s struggling to make the books balance through tax and spending policy. Instead, he’s getting a helping hand from the most unlikely of sources.Natasha Clark:The polls are all we have to try and figure out what's going to happen with the EU referendum. But the polls lately have been showing us drastically different answers; there have been 22 percentage points between some polls for results in support of Remain, and around 13 percentage points difference for Leave. Pollsters say that the phone and internet polling will show us different answers, possibly because people are more likely to want to say that they want to remain in...

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0:00.0	May I have your attention please you can now book your train tickets on Uber and get
0:08.0	10% back in credits to spend on your next Uber ride so you don't have to walk home in the rain again.
0:16.5	Trains now on Uber. T's and C's apply. Check the Uber app.
0:20.1	Just imagine what your best Christmas ever would sound like.
0:23.5	Thank you for calling National Lottery and I can see you calling about a winner today, is that correct?
0:27.5	Yeah, I think I have. I should take a double check for the car wheel.
0:31.0	Yeah, I can confirm that you have won the top prize 1.2 million.
0:35.0	Oh my word! Happy Christmas! Why do you know?
0:39.0	You have the best Christmas ever.
0:41.0	I got a hair thing.
0:42.0	This Christmas, it could be you. The National Lottery. Rules and procedures apply. Players must be 18 or over.
0:50.0	Hello, I'm Matt Chorley, and this is the Red Box podcast from The Times.
0:56.7	On this week's panel we have Economics Editor Philip Oldrich on Osborne Getting Lucky,
1:01.0	Red Box reporter Natasha Clark on unreliable pollsters, and theatre critic
1:05.2	and columnist Anne Trenerman on a bridge too far.
1:08.0	This is what we're talking about this week.
1:11.0	Global markets have been in meltdown, but one man who may be smiling is the Chancellor.
1:15.0	Government borrowing costs have fallen to an all-time low, which makes servicing the nation's 1.5 trillion of debt cheaper.
1:21.0	Over the next five years years capital economics estimates lower market
1:24.7	interest rates and lower inflation will hand George Osborne a 20 billion pound
1:29.0	windfall. He's struggling to make the book's balance through tax and spending
1:32.3	policy instead he's getting a helping hand from the He's struggling to make the books balance through tax and spending policy.
	...

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