Japanese PM’s uphill battle to win back voters
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 11 October 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
The French government has proposed a budget for next year with some €60bn worth of spending cuts and tax increases, and Hurricane Milton ploughed across Florida on Wednesday. US inflation fell to 2.4 per cent in September. Plus, we look ahead to Japan’s early elections later this month.
Mentioned in this podcast:
French PM unveils shock therapy in 2025 budget
US inflation fell to 2.4% in September
Hurricane Milton leaves millions without power after lashing Florida
Japan’s new prime minister pledges to tackle deflation in first policy speech
Spanish star Rafael Nadal calls time on glittering tennis career
CREDIT: BBC
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. |
| 0:11.0 | The UK. |
| 0:12.0 | Good morning from the Financial Times. Today is Friday, October 11th, and this is your |
| 0:18.1 | FT news briefing. France is telling people to get ready for some belt tightening and Hurricane Milton carved a |
| 0:26.9 | gash into Florida. |
| 0:28.9 | Plus Japan's new Prime Minister got anything but a honeymoon period. |
| 0:34.8 | What he now faces is a leadership of a party which is coming out of a very, very significant |
| 0:42.2 | scandal and is not liked by the general public. |
| 0:46.1 | I'm Sonia Hudson and here's the news you need to start your day. The French government has proposed a budget of shock therapy for next year. |
| 1:04.1 | It includes about 60 billion euros worth of spending cuts |
| 1:08.0 | and tax rises on companies and the wealthy. |
| 1:11.5 | Prime Minister Michelle Barnier hopes that will help bring down the country's |
| 1:15.2 | massive public debt. This is a political risk for the Prime Minister. Spending cuts and tax |
| 1:22.3 | increases are obviously not super popular, and he's already in a fragile position. |
| 1:29.1 | Barnier has only been Premier since August, and he's running a minority government, which means it |
| 1:35.1 | won't be easy to get this budget through the National Assembly and depending on |
| 1:39.4 | some of the tactics he uses to get there, Barnier could face a vote of no confidence in the process. |
| 1:47.0 | Hurricane Milton left a wake of destruction as it slammed into Florida late on |
| 1:57.3 | Wednesday. Early estimates say insured losses could reach 60 billion dollars. This comes less than two weeks after |
| 2:06.8 | Hurricane Helene battered some of the same areas. So if this is the new normal is climate change writing a check that society just can't cash |
... |
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