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The Intelligence from The Economist

Misplaced Truss? Britain’s ruling party meets

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K Ratings

🗓️ 4 October 2022

⏱️ ? minutes

🧾️ Download transcript

Summary

Prime Minister Liz Truss has had a bruising first few weeks in office. Amid policy U-turns and plummeting poll numbers, her Tory party’s annual shindig is a venue for much soul-searching. Russia’s “partial mobilisation” is unlikely to help much on the battlefield—and is proving exceedingly unpopular at home. And the dangers of naming species after people who become notorious.

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Transcript

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0:00.0

Hello and welcome to the Intelligence from the Economist.

0:07.0

Today from London, I'm your host, Jason Palmer.

0:10.4

Every weekday we provide a fresh perspective on the events shaping your world.

0:18.6

Russia's thinning and tired ranks need replenishing in Ukraine,

0:23.0

but it's not clear President Vladimir Putin's partial mobilization will help.

0:27.6

Conscripts are getting little training and the Russian public mood has shifted at the mention of a draft.

0:34.6

And there's always some good press to be had when a newly discovered species is named after someone famous.

0:41.6

But what happens when that someone famous becomes someone notorious?

0:45.6

Turns out it's tricky to rename things like the Hitler beetle.

0:49.6

But first...

1:01.6

It's built as the biggest annual political event in Europe.

1:05.6

And the British Conservative Party's conference in Birmingham is certainly getting a lot of attention.

1:11.6

Less than a month since Liss Trust took over as the UK's new Conservative Prime Minister,

1:16.6

a government's controversial tax and borrowing plans,

1:19.6

meaning the Conservative Party's conference is literally besieged by critics.

1:23.6

The conference will culminate in a speech tomorrow by Liss Trust,

1:27.6

whose first few weeks as Prime Minister haven't gone very smoothly.

1:31.6

A mini-budget of tax cuts delivered less than two weeks ago sent the pound to a record low against the dollar.

1:37.6

Banks pulled mortgage deals.

1:39.6

The Bank of England announced it was ready to buy unlimited quantities of long-dated bonds

1:44.6

to restore some order to financial markets.

1:47.6

Yesterday, the man who delivered that budget, the Chancellor quasi-quarting,

...

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