How worrying is the falling pound?
Coffee House Shots
The Spectator
4.4 • 2.2K Ratings
🗓️ 26 September 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
'I think the pound falling is a bit of a distraction from the real problem' - James Forsyth
Katy Balls speaks to Kate Andrews and James Forsyth.
Produced by Natasha Feroze
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Transcript
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| 0:00.0 | This podcast is sponsored by Drax, as the UK's largest renewable electricity generator |
| 0:05.0 | Drax plays a critical role in UK energy security. |
| 0:09.0 | They have committed to invest 2.5 billion in new green energy infrastructure, |
| 0:13.0 | creating jobs and growth across the country. |
| 0:16.0 | Find out more at Drax.com. |
| 0:22.0 | Hello and welcome to Coffee House Shots, |
| 0:24.0 | this is Vectator's Daily and sometimes more than daily, |
| 0:26.0 | politics podcast. |
| 0:28.0 | I'm Katie Balls, and I'm joined by James for Cypher and Kate Andrews, |
| 0:31.0 | and we're going to be bringing you a special edition of the podcast later |
| 0:34.0 | from Liverpool and Labour Conference where I am. |
| 0:37.0 | But before we get to that, the big news really in Westminster |
| 0:40.0 | and the country today relates to Liz Trust's not so many budget. |
| 0:44.0 | James, we saw obviously the pound drop against the dollar on Friday. |
| 0:48.0 | We saw lots of warnings from economists, |
| 0:51.0 | soon after those measures were unveiled by quasi-quartan had chance there. |
| 0:55.0 | Obviously over the weekend there weren't any updates, |
| 0:57.0 | but how are things looking since the markets have reopened? |
| 1:00.0 | So the pound fell to historic low overnight in Asian trading. |
| 1:03.0 | It's recovered somewhat from there. |
| 1:06.0 | I personally think the focus on the pound is actually a bit of a distraction, |
| 1:09.0 | but that is not the biggest issue here. |
... |
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