NI rise scrapped: how much further will Kwasi go?

Coffee House Shots

The Spectator

News, Daily News, Politics

4.4 • 2.2K Ratings

🗓️ 22 September 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

With hours to go till the Chancellor's fiscal statement, we've heard today that the National Insurance hike will be scrapped, as promised during Liz Truss's leadership campaign. This comes as the Bank of England increases the base rate to 2.25 per cent. How much further will Kwasi Kwarteng go, and just how willing is the Truss government to be unpopular? Katy Balls talks to James Forsyth and Isabel Hardman.

Produced by Cindy Yu.

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Transcript

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0:00.0	This episode is sponsored by Canacore Genuity Wealth Management.
0:04.0	Experienced Wealth planners and investment managers
0:06.7	who offer unwavering support in challenging times.
0:09.8	Visit kandewelft.com for more information.
0:16.0	Hello and welcome to Coffee House shots, spectators,
0:19.1	daily politics podcast.
0:20.8	I'm Katie Balls, known during my Jane Society for an Isabel Hardman.
0:25.1	And it's time to say farewell to the National Insurance
0:27.5	Heide, the British Sunack Broadroomist, Chancellor.
0:30.0	Today, his successor, quasi-quartag, has announced that it will be scrapped
0:34.5	and the reverse will come into effect on the 6th of November.
0:38.1	James, this isn't a great surprise, but obviously it comes in a day of some quite gloomy,
0:43.4	economic news, and ahead of the mini-budget-slash-fiscal statement,
0:48.0	don't call it a budget tomorrow.
0:49.8	Yeah, the budget by any other name.
0:51.6	All the quasi-budgetes we might call it.
0:53.4	No, anyway, bad jokes over.
0:55.4	But I think this is not a surprise that the government
0:58.0	have decided to do this.
0:59.5	You know, this was one of a central planks of Liz Trust's leadership
1:02.8	bid, and it is obviously designed to send a signal.
1:06.4	I think the interesting thing is the government's insistence,
	...

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