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Inside Briefing with the Institute for Government

Gilt trips & bank statements

Inside Briefing with the Institute for Government

Institute for Government

News, Politics, Government

4.6252 Ratings

🗓️ 30 September 2022

⏱️ 38 minutes

🧾️ Download transcript

Summary

The fallout from Kwasi Kwarteng's budget continues, so what can the chancellor do to calm the nerves? Guest Soumaya Keynes of the Economist joins the IfG podcast team to discuss what has gone wrong for Kwarteng and Liz Truss, and the lessons to be learnt from a week of economic turmoil.   No drama for Starmer? We take a look back at the Labour Party conference in Liverpool and what Keir Starmer's speech tells us about the direction of travel for His Majesty's Opposition.   And as the Conservative Party assembles in Birmingham, we look ahead to what could be a lively few days for Liz Truss - and what awaits  at her first party conference since becoming PM.   Presented by Hannah White With Giles Wilkes and Tom Pope   Produced by Candice McKenzie Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hello and welcome to Inside Briefing, the podcast from the Institute for Government.

0:14.4

I'm Hannah White.

0:16.2

A crashing pound, a rebuke from the IMF, an intervention from the Bank of England.

0:22.4

Was Quasi Quarteng's mini budget really any a week ago?

0:25.5

The Chancellor insists his plans are what the country needs and number 10 insists that

0:29.9

this trust is sticking by her Chancellor.

0:32.9

We are going to make our way through the debris to try and work out what is going on,

0:36.7

in the economy and in government. We'll look back at the Labour Party Conference and where that has left

0:42.0

Kirstama and the opposition and then we'll look ahead to the Conservative Party Conference

0:46.3

in Birmingham which will, it is safe to say, you rather lively.

0:50.3

Joining me this week are two IFG colleagues who have been watching developments with a mixture of fascination and, I imagine, shock.

0:58.0

But Giles Wilkes, our senior fellow and Tom Pope, our Deputy Chief Economist, have pulled themselves together and are dialing in now.

1:04.6

Hi, Giles. Hi, hi Tom.

1:05.9

Good morning.

1:06.4

Morning.

1:07.2

How you both feeling?

1:08.5

Oh, I'm loving it because as an economist, you're getting to watch history and action.

1:13.0

I just worried I'm going to run out of popcorn.

1:16.2

Tom?

1:17.7

I'm slightly more on the tired end of things, I think, but it's certainly not boring.

1:23.0

And I'm delighted to say we're also joined by Sumaya Keens, who is Britain economics editor at The Economist and host of their Money Talks podcast. Hi, Samaya. Hi, thanks for having me. Thanks for joining us. You used to cover trade for the economist and now you're on the economy. Obviously don't look for the quiet jobs, do you? No, I think I'm cursed. I think that's the only possible explanation.

1:45.3

Right, well, let's start with the economics.

...

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