Kwasi Plays His Hand: Who Wins?
Leaders with Francine Lacqua
Bloomberg
4.6 • 64 Ratings
🗓️ 22 September 2022
⏱️ 24 minutes
🧾️ Download transcript
Summary
We know we've said this before, but really, truly it is a big week for Britain. The Bank of England decision on Thursday and the chancellor's fiscal statement on Friday---a particularly high stakes moment. It offers a taste of the Truss-Kwarteng economic vision. But the question looming--what promises in the mini-budget will come to fruition? And will the messages from the BoE and the government this week feel joined up?
In this week's In the City, Legal & General CEO Nigel Wilson joins David Merritt and Bloomberg finance editor Katherine Griffiths to discuss what business leaders need to hear -- and whether any of it matters if they can't deliver. Plus, Bloomberg Opinion's Marcus Ashworth joins David and Francine Lacqua to discuss some headline-grabbing policies that might be coming (think scrapping bonus caps)--and whether Kwarteng's all systems go approach is winning anyone over.
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Transcript
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| 1:19.9 | After a historic few days in Britain with the Queen's State funeral this week, it's really now back to business. |
| 1:27.0 | It is back to business for the UK, but Dave really our question, like our last episode pointed out, was there ever really a break for the new government? |
| 1:31.7 | Behind the scenes, we know furious work going on for a huge economic support package, |
| 1:37.9 | bailing out households, businesses, also a vast raft of tax cuts to try to stimulate the economy. |
| 1:39.8 | Yes, it is a big we for the Prime Minister. |
| 1:44.3 | She started the week by flying to the United Nations General Assembly, New York, where I am. |
| 1:47.3 | It's her first outing on the world stage as UK Premier. |
| 1:52.3 | And then, of course, she ends the week in the House of Commons as her Chancellor lays out a mini budget. |
| 1:55.1 | And the day before that, we're going to have the Bank of England. |
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