Making a statement
Chopper's Politics
The Telegraph
4.2 • 864 Ratings
🗓️ 17 November 2022
⏱️ 42 minutes
🧾️ Download transcript
Summary
Well, what a difference 7 weeks makes. The Telegraph's Camilla Tominey and Gordon Rayner join Christopher Hope to give us the top lines of Chancellor Jeremy Hunt's Autumn Statement, somewhat different in tone to his predecessors less than two months ago.
Also on the podcast, David Jones, MP for Clwyd West and prominent ERG member, gives his withering assessment of Mr Hunt's tax hikes (5/10, must do better), urges the Chancellor to reconsider for the sake of the next election and balks at the use of the phrase "unearned income".
Plus Economic Jim O'Neill on why he thinks Jeremy Hunt and Rishi Sunak have made some canny choices and why as a country we need to accept that there's "no such thing as a free lunch".
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Transcript
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| 0:00.0 | Coming up on Chopper's politics. |
| 0:04.0 | When I hear a Chancellor referring to investment income as unearned income, |
| 0:10.0 | which is a straightforward Labour Party expression it worries me considerably. |
| 0:14.7 | Welcome to Choppas Politics. |
| 0:20.3 | I'm Christopher Hope, the Associate editor for politics at the telegraph and well what a difference seven weeks makes. |
| 0:29.0 | But I'm not going to cut the additional rate of tax today Mr Speaker I'm going to abolish it all |
| 0:36.0 | together I'm going to have a single higher rate of income tax I start with personal taxes. |
| 0:44.3 | Asking more from those who have more means that the first difficult decision I take on tax |
| 0:51.0 | is to reduce the threshold at which the 45 p-rate becomes payable from 150,000 pounds to 125,140 |
| 1:00.0 | pounds. |
| 1:01.0 | That was a course, quasi-Qua-Qua-tang, the former Conservative Chancellor of Exchequer, |
| 1:06.0 | announcing the abolition of the 45-P tax rate on September the 23rd. |
| 1:12.0 | Following that, Jeremy Hunt, his successors Chancellor of Exchequer. |
| 1:17.0 | And I was lucky enough to be ringside in the parliamentary pest gallery when Jeremy Hunt was making just that announcement and the silence |
| 1:25.1 | from Tory MPs was really their appalled response at the tax hikes. |
| 1:29.6 | Later I'll be talking to David Jones, the former Brexit Minister and a senior player in the European |
| 1:35.6 | Research Group of Tori MPs about how it's gone down amongst the right in the Parliamentary |
| 1:40.0 | Party. |
| 1:41.0 | And after that, Jim O'Neill, Lord O O'Neill about how the city is taking it. |
| 1:45.0 | But first up to work out what's been announced look at the small print I've got |
| 1:49.9 | Camilla Tomine and Gordon Rayna two of our brilliant senior team of reporters here at |
| 1:54.7 | the Telegraph, we've been now in our studio at Telegraph Towers. |
... |
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