It’s definitely not a windfall tax!
Political Fix
Financial Times
4.2 • 1.2K Ratings
🗓️ 28 May 2022
⏱️ 29 minutes
🧾️ Download transcript
Summary
We start with that huge bailout package for struggling families announced by the chancellor and the controversial taxes he raised to fund it - a £5bn windfall tax on energy companies with more to come.
The FT’s economics correspondent Delphine Strauss and special guest Torsten Bell, director of the Resolution Foundation think-tank, discuss.
Next and Sue Gray’s long-awaited report into the Covid parties scandal in Downing Street landed on Wednesday and the prime minister is still there. We’ll be sifting through the debris to assess the damage sustained by the PM after months of scrutiny of his conduct and probity.
Jim Pickard and Jasmine Cameron-Chileshe consider whether Boris Johnson really is in the clear or whether this is the start of a long farewell.
Presented this week by George Parker.
Produced by Howie Shannon. The sound engineers were Joshua Gabert-Doyon
and Jan Sigsworth.
-Read the latest on https://www.ft.com/world/uk
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Audio: BBC
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Transcript
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| 0:30.0 | Party gate is over, or is it? |
| 0:36.0 | Sue Gray's long-awaited report into the COVID Party scandal in Downing Street landed on Wednesday, |
| 0:42.0 | and the Prime Minister is still there. |
| 0:44.0 | We'll be sifting through the debris, a bit like the long-suffering number 10 cleaners, |
| 0:48.0 | to assess the damage sustained by the Prime Minister after months of scrutiny of his conducts and probity. |
| 0:55.0 | And then on Thursday, Rishi Sunak rushed forward a £15 billion package of support for households |
| 1:01.0 | with their energy bills, as the government sought to change the subject. |
| 1:05.0 | The low tax chancellor jacked up taxes on business again, |
| 1:09.0 | a £5 billion windfall tax on energy companies with more to come. |
| 1:13.0 | Having said, he wouldn't. |
| 1:15.0 | And so, like previous governments, including conservative ones, |
| 1:19.0 | we will introduce a temporary targeted energy profits levy. |
| 1:23.0 | Definitely not a windfall tax. |
| 1:26.0 | Welcome to Payne's Politics, your essential insider guide to British politics |
| 1:32.0 | from the financial times with me, George Parker. |
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