Is the UK open for business?
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 7 August 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Chancellor Reeves has run the UK Treasury since July 2024. She's facing an economic backdrop familiar to many countries: hollowed-out industrial towns; climate change; global wars and conflicts.
Today on the show: Our conversation with Chancellor Reeves on her visit this week to the US. What she thinks went wrong with globalization, and the new economic map she's coursing.
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Transcript
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| 0:00.0 | NPR. Globalization as we know it is dead or at least it is according to the UK's |
| 0:17.1 | new Chancellor of the exchequer Rachel Reeves. We did become overly reliance on |
| 0:21.8 | countries that don't always share our values for some of our basic |
| 0:25.1 | needs and we should never again put ourselves in that position. |
| 0:28.3 | Rachel runs the UK Treasury and signs off on pretty much everything that requires new money. |
| 0:34.0 | Rachel sees something wrong with the paradigm of a hands-off government setting sale into the free market, |
| 0:40.4 | buffered by whatever trade winds may blow. |
| 0:44.0 | She is facing an economic backdrop that is familiar to many countries, hollowed out industrial |
| 0:49.2 | towns, climate change, global wars and conflicts. |
| 0:53.2 | And the way to address these racial things |
| 0:55.2 | is to keep the government's hands firmly on the captain's wheel. |
| 0:59.4 | This is the indicator from Planet Money, I'm Whelan Wong. |
| 1:02.0 | And I'm Darren Woods. |
| 1:03.4 | Today on the show, our conversation with Rachel Reeves |
| 1:06.1 | on her visit this week to the US. |
| 1:08.5 | What Rachel thinks went wrong with globalization |
| 1:11.4 | and the new economic map she's coursing. |
| 1:16.0 | Support for this podcast and the following message come from Wise, the app that makes managing |
| 1:20.8 | your money in different currencies easy. |
| 1:23.2 | With WISE, you can send and spend money internationally |
| 1:27.1 | at the mid-market exchange rate, no guesswork, and no hidden fees. |
| 1:31.3 | Learn more about how WISE could work for you at wise.com. |
... |
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