4.4 • 4.9K Ratings
🗓️ 13 October 2022
⏱️ 27 minutes
🧾️ Download transcript
Paroxysms in the market for gilts—British-government bonds that were once safe-haven assets—reveal just how wounded the new government’s plans have left it. Cuba is experiencing the worst economic crisis in decades, and those who are not protesting are heading for the door. And making the case to let your lawn go wild.
For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer
Hosted on Acast. See acast.com/privacy for more information.
Click on a timestamp to play from that location
0:00.0 | Hello and welcome to the Intelligence from the Economist. |
0:06.8 | Today from London, I'm your host Jason Palmer. |
0:10.4 | Every weekday we provide a fresh perspective on the events shaping your world. |
0:18.0 | Cuba's centralized economy was never all that efficient, but now it's in a crisis not |
0:23.2 | seen for decades. |
0:25.0 | The accused for basics have got even longer, permitting imports and bumping salaries |
0:29.8 | up fivefold hasn't outpaced inflation. |
0:33.3 | We asked what's to be done. |
0:36.8 | And it was Louis XIV who gave us the modern manicured lawn, beautiful perhaps refined |
0:43.1 | even, but in terms of biodiversity they're a disaster. |
0:47.2 | We look at the case to stop watering, weeding and meddling, just let lawns do their natural |
0:52.1 | thing. |
0:55.8 | But first, they called it a mini budget, presumably hoping that might spare it much scrutiny. |
1:09.3 | But the economic plan revealed by Britain's new Prime Minister Liz Truss and her chief |
1:13.8 | finance minister Quasi Quartang could not have drawn more attention. |
1:18.7 | For three weeks now, Britain's financial markets have been reeling on the suggestion of sweeping |
1:23.8 | and unfunded tax cuts. |
1:26.3 | The pound tanked, bond prices fell fast enough to spark emergency intervention from the central |
1:32.0 | bank when it looked like pension funds might start to crack. |
1:36.3 | The bank would like to step back, but the markets are fully spooked, leaving Miss Truss |
1:41.6 | painted into a politically difficult, maybe even inescapable corner. |
1:46.8 | This Truss' government is already damaged beyond repair. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Economist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Economist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.