Jeremy Hunt’s sombre Autumn Statement
Political Fix
Financial Times
4.2 • 1.2K Ratings
🗓️ 19 November 2022
⏱️ 40 minutes
🧾️ Download transcript
Summary
The chancellor unveiled a £55bn plan for fiscal tightening this week, with the biggest drop in living standards for 70 years. We unpack all of the fiscal forecasts, tax rises, spending cuts and how Rishi Sunak can navigate the tricky politics. Plus, we also examine whether Hunt has shot Labour’s fox and what alternatives the party might put forward.
Presented by Sebastian Payne, with George Parker, Chris Giles, Jim Pickard and special guest Carys Roberts of the IPPR think-tank. Produced by Anna Dedhar and Howie Shannon. The sound engineers were Breen Turner and Jan Sigsworth.
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Audio: BBC
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Transcript
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| 0:33.1 | Jeremy Hunt delivered a £55billion fiscal squeeze this week |
| 0:38.0 | as the Chancellor announced Britain was facing its steepest fall in living standards in over 70 years. |
| 0:44.5 | Anyone who says there are easy answers is not being straight with the British people. |
| 0:50.4 | Some, some argue, some argue for spending cuts |
| 0:56.1 | that that would not be compatible with high quality public services. |
| 1:00.8 | Others say saving should be found by increasing taxes |
| 1:04.0 | but conservatives know that high tax economies damage enterprise and erode freedom. |
| 1:12.1 | Welcome to Payne's Politics, your central insider guide to Westminster |
| 1:16.4 | from the Financial Times, with me Sebastian Payne. |
| 1:20.0 | In this week's autumn statement special will be dissecting Jeremy Hunt's defacto first budget. |
| 1:25.7 | The dire state of growth and the public finances, the stealth tax rises, |
| 1:30.1 | where spending will be chopped, where some extra cash is going, |
| 1:33.5 | and the prospect of high inflation for some time. |
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