Is Truss scared of the OBR?
Coffee House Shots
The Spectator
4.4 • 2.2K Ratings
🗓️ 22 August 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
Also on the podcast, investment bank Citi have warned that inflation could hit 18 per cent come January: Were the Bank of England's projections too optimistic?
Katy Balls speaks to Fraser Nelson and Kate Andrews.
Produced by Natasha Feroze and Oscar Edmondson.
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Transcript
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| 0:00.0 | A spectator subscription is now better value than ever before. |
| 0:04.9 | As a new subscriber joining today, your page is £1 a week for unlimited online and app |
| 0:10.6 | access in your first year. |
| 0:12.9 | To subscribe today, go to spectator.co.uk forward slash unlimited. |
| 0:17.9 | Hello and welcome to Coffee House Shorts, a spectator's daily politics podcast. |
| 0:25.9 | I'm Katie Bulls, and I'm joined by Kate Andrews and Fraser Nelson. |
| 0:30.6 | There's still two weeks left with a Tory leadership contest, but as of Friday, we'll |
| 0:35.0 | finally know what the energy price cap for October looks like, and therefore the level of |
| 0:40.5 | crises facing the next Prime Minister. |
| 0:44.1 | Before we get to that, we have Liz Trass' economic plans are in focus. |
| 0:48.2 | There was a briefing to the Sunday times that we can decay suggesting that when it comes |
| 0:52.3 | to her emergency budget, of which the only things we currently know definitely be in |
| 0:56.2 | it, going to previous briefings are tax cuts. |
| 0:59.0 | Some talk would also provide emergency support. |
| 1:02.2 | She will not go to the OBR for a forecast. |
| 1:04.8 | What does that mean? |
| 1:06.4 | The Office for Budget Responsibility does a forecast next to big fiscal events to put |
| 1:11.7 | some real numbers and some real meat to compare to what the Chancellor is actually announcing, |
| 1:17.2 | and it allows us to see how this is supposedly, because remember these are forecast, or not |
| 1:20.9 | crystal balls is going to impact on growth in the future, what kind of impact is going |
| 1:24.7 | to have on borrowing, the debt, the deficit, and the rest of it. |
| 1:28.5 | Team Trust is already hinting that for their emergency budget, which is thought to be towards |
... |
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