Inflation pain: who will UK voters blame?
Political Fix
Financial Times
4.2 • 1.2K Ratings
🗓️ 23 June 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
Soaring interest rates are alarming mortgage holders and could derail the UK government’s strategy for re-election. This week Lucy Fisher is joined by regular FT panellists Stephen Bush and George Parker to assess the political fallout from the latest rate rise. Plus the FT’s economics editor Chris Giles considers whether the Bank of England deserves criticism, while consumer editor Claer Barrett assesses the damage to Britons’ finances.
Follow Lucy on Twitter @LOS_Fisher
Read a transcript of this episode on FT.com
Want more?
Central banks’ battle with inflation enters new phase of ‘pain’
Ever tougher for Tories and Bank of England to avoid public blame in meme age
The Bank of England’s credibility is still on the line
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Listen to Claer Barrett’s Money Clinic podcast, out on June 27:
Money Clinic with Claer Barrett | Financial Times
Claer Barrett’s book: What they don’t teach you about money
Presented by Lucy Fisher. Produced by Anna Dedhar and Audrey Tinline. The executive producer is Manuela Saragosa. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley.
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Transcript
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| 0:27.9 | It can just make people think I can't bear to deal with this. |
| 0:38.0 | It's just too emotionally upsetting for me. |
| 0:40.7 | I'm going to bury my head in the sand and that is the worst thing that you can do. |
| 0:48.3 | Welcome to Political Fix, your essential insider guide to Westminster |
| 0:51.9 | from the Financial Times with me, Lucy Fisher. |
| 0:54.9 | You heard there the FT's consumer editor, Claire Barrett, |
| 0:57.9 | talking about the one subject in town this week, inflation and interest rates. |
| 1:02.4 | We'll examine where the high inflation is wrecking Rishi Sunak's hopes of re-election. |
| 1:06.8 | Plus, is it fair that the Bank of England is under fire? |
| 1:09.9 | And what levers does the government actually have to tame inflation? |
| 1:13.4 | Joining me in the studio today are FT Columnist Steven Bush, |
| 1:16.4 | Hi, Steven. |
| 1:16.9 | Hi, Steven. |
| 1:17.7 | And political editor George Parker. |
| 1:19.4 | Hi, George. |
... |
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