City pivots to Labour as Truss project implodes
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 7 October 2022
⏱️ 27 minutes
🧾️ Download transcript
Summary
At this week's Tory conference in Birmingham, party members thought it fitting to sing "Things Can Only Get Better" by Northern Irish musical group D:Ream. But is that wishful thinking?
In this episode of In the City, we debrief on Liz Truss's performance at the conference. We look at how much her first month in government has wiped from the the nation’s stock and bond markets, and discuss whether the mini-budget fallout has turned Labour into the new party of business.
Dave and Francine speak with Bloomberg editor in chief John Micklethwait, Lord Bilimoria, former chairman at the Confederation of British industry and founder of global beer brand, Cobra Beer, and Tiina Lee, chief executive officer, UK and Ireland at Deutsche Bank.
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| 1:13.6 | What is it with the 90s hits? It's like, um... |
| 1:14.6 | I don't know, I want to... |
| 1:15.6 | Who chooses the playlist also? |
| 1:17.6 | This is on her kind of mixtape when she was 21. |
| 1:22.6 | Dave, during the 1997 UK general election, the Labour Party. |
| 1:26.6 | That was a Labour Party song. Yes. There's a campaign |
| 1:29.1 | theme. I remember it. I remember it well. But now listen to the Tories playing it in Birmingham. |
| 1:36.4 | Yeah, something once Labor turned Tory. Yes, like being, for instance, the party of business. Maybe |
| 1:44.0 | is it the Labour Party now who are more business-friendly? |
... |
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