Chancellor Would be a Fine Thing: The Power of No.11

The Bunker – News without the nonsense

Podmasters

News, Government, Politics, Society & Culture

4.6 • 1K Ratings

🗓️ 8 September 2022

⏱️ 27 minutes

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Summary

As Kwasi Kwarteng becomes Britain’s latest Chancellor, how much power really lies behind the door of No.11? Howard Davies, chairman of the NatWest Group and author of The Chancellors: Steering the British Economy in Crisis Times, joins Alex Andreou to discuss the influence of previous Chancellors, and the challenges facing Kwarteng as he takes his place at the Treasury. “The treasury is unique in that it’s the only department not solely focused with spending Government money.” “A good Chancellor will be prepared to stand up to the Prime Minister.” “Sunak came into the treasury thinking Brexit was a good idea. That was a problem.” patreon.com/bunkercast Written and presented by Alex Andreou. Lead Producer: Jacob Jarvis. Producers: Jacob Archbold, Jelena Sofronijevic and Alex Rees. Assistant producer: Kasia Tomasiewicz. Audio production by Alex Rees. Music: Kenny Dickinson. Group editor: Andrew Harrison. THE BUNKER is a Podmasters Production. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved
0:05.5	photography but I turn it into earning a living at 60. I enrolled on a day course.
0:11.8	Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?
0:13.0	I loved going to college.
0:14.0	It's good you can retrain and do something.
0:16.0	Yeah, yeah.
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0:55.3	look after theirs with dental life have seen four prime ministers in the six years since
1:16.0	the Brexit referendum. Just as importantly this week we welcome our sixth
1:21.0	Chancellor of the Exchequer in that same period.
1:24.0	My guest today could not be better placed to guide us through the challenges awaiting
1:28.3	quasi-Qua-Qua-Qua-Teng as he takes charge of the Treasury.
1:31.9	Sir Howard Davis is an economist and author, he is the
1:35.2	former director of the London School of Economics, former head of the Financial Services
1:39.6	Authority and current chairman of the NatWest Group.
1:43.0	His latest book, The Chancellor's Steering the British Economy in Crisis Times,
1:48.0	should be required reading for anyone interested in how the sausage is actually made.
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