IMF, BoE, wtf?
The News Agents
Global
4.1 • 5.4K Ratings
🗓️ 28 September 2022
⏱️ 35 minutes
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| 0:00.0 | The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity. |
| 0:08.4 | This is a global player original podcast. |
| 0:12.1 | In the United States of America, they are bracing themselves today for Hurricane Ian. |
| 0:17.9 | Here in the UK, Hurricane Quasi made landfall on Friday and has been intensifying |
| 0:25.8 | ever since, so much so that we had last night an unprecedented intervention from the |
| 0:32.3 | International Monetary Fund, saying that there had to be a change of policy. The Bank of |
| 0:36.9 | England has waded in this morning saying it is going to buy back bonds to shore up the market. |
| 0:45.7 | And as we speak to you now at 20 past 1, the pound has continued to fall. |
| 0:52.4 | I've been talking to sitting Conservative MPs, MPs that are |
| 0:57.1 | usually loyal and the language I've been hearing has been extraordinary. One told me that the |
| 1:04.6 | Tory party is now a protectionist racket, a gang of marauding ambition. Another said they're so appalled at what we've done, |
| 1:13.9 | as in the Conservative Party have done, it's amateur hour. They've just subcontracted policy |
| 1:18.8 | to ideological think tanks. And these think tanks have an address, a single address in Westminster, |
| 1:27.0 | 55, Tufton Street. |
| 1:29.5 | And we've been talking about where the funding comes from, who these people are, |
| 1:34.6 | there are many questions, but not many clear answers. Have a listen. |
| 1:38.8 | There's this sort of shadowy element that's often painted by people saying, |
| 1:42.6 | they're trying to manipulate politics from |
| 1:44.9 | the outside, they're trying to create these ideas and shift the debate. And if you look at the |
| 1:49.0 | Liz Trust government, this is their moment. These organisations have existed for about 15 years or so. |
| 1:54.8 | They are now in power. And if you look at the people advising Liz Trust in Her Downing Street, |
| 1:59.7 | all of them have baiting that's got some kind of connections to 55 Tufton Street. |
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