Nigeria gambles with economic shock therapy
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 17 July 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
The UK Labour government will present its plans for the upcoming year in the King’s Speech, and Morgan Stanley experienced a slowdown in growth despite a 40 per cent profit increase. Plus, the FT’s Aanu Adeoye explains the Nigerian president’s plans to revive the country’s economy.
Mentioned in this podcast:
Starmer plans to introduce AI bill in King’s Speech
Will shock therapy revive Nigeria’s economy — or sink it further?
Morgan Stanley’s wealth business stumbles even as profits jump
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. UK. Good morning from the Financial Times. Today is Wednesday, July 17th, and this is your |
| 0:17.7 | F.T. news briefing. King Charles has a date with Parliament today and Morgan Stanley had kind of a confusing second quarter. |
| 0:27.4 | Plus Nigeria is trying to shock its economy back to life, but it's been painful. |
| 0:33.7 | The idea is that you need to do something drastic to be able to revive Nigeria's dying economy |
| 0:41.0 | as it were. |
| 0:42.0 | I'm Mark Filipino, and here's the news you need to start your day. Get the royal carriage ready, the king's speech is happening today. |
| 1:03.0 | That's when the new labor government will present its plans for the upcoming year. |
| 1:07.0 | My colleague Lucy Fisher covers the UK Parliament for the FTE, and she joins me now. |
| 1:11.0 | Hey Lucy. |
| 1:12.0 | Hi, Mark. |
| 1:14.0 | I think that a lot of Americans might hear King's Speech and think about the movie with Colin Firth. |
| 1:19.0 | I know that I do. |
| 1:20.3 | So can you just give me a rundown about why the speech is important? |
| 1:23.0 | So the King's speech in the UK probably does look very odd to anyone watching this from abroad. |
| 1:29.0 | It is a speech outlining the government's priorities in the parliamentary term ahead. |
| 1:35.0 | It's written by the government, but it is the sovereign who delivers the speech, |
| 1:39.8 | having arrived in parliament, going through the sovereign's entrance which is reserved for the king or queen of the day |
| 1:46.8 | and processing with a huge degree of pageantry to a throne in the House of Lords and reading out the government's speech the list of bills |
| 1:55.6 | they're going to concentrate on in a very neutral tone of voice to avoid giving the impression |
| 2:01.5 | of any kind of partisan support or opposition to those bills. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.