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Political Fix

Philip Hammond's giveaway Budget

Political Fix

Financial Times

Politics, News, News & Politics

4.21.2K Ratings

🗓️ 3 November 2018

⏱️ 19 minutes

🧾️ Download transcript

Summary

Emboldened by an OBR windfall, Britain's chancellor tossed largesse to potential Brexit problem groups and declared austerity was coming to an end. But was he fiscally reckless? Presented by George Parker, with Chris Giles. Produced by Anna Dedhar and Harry Robertson

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Transcript

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0:00.0

At Speck Savers, if we said you can choose a free lens option with a pair of glasses from our 69 pound range or above, how would that sound?

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0:30.0

Welcome to F.T. Politics, a weekly discussion on what's happening in Westminster from the Financial Times.

0:40.0

I'm George Parker. I'm standing in for Sepp Payne, who we've just seen outside the studio

0:44.2

looking very green around the gills and unable I'm afraid to present this week's

0:48.0

episode. So this week we'll be discussing Philip Hammond's awesome budget

0:51.6

policy announcements, state of the public finances and the impact

0:55.2

it will have on Brexit.

0:57.2

I'm delighted to be joined to discuss this by our economics editor Chris Giles, and if you

1:02.0

like this episode of F.T. politics don't forget to

1:04.7

subscribe through the usual channels to receive it every Saturday morning.

1:08.7

Now Chris you got the great story about the surprise 13 billion pound windfall that changed

1:14.8

everything about Philip Hammond's budget this week. Where did it come from and what did it mean for the

1:19.2

sums? Well it meant everything for the sums if we just go about the consequences first

1:24.5

it meant that instead of having the most difficult budget he ever had to present

1:29.6

where Theresa May the Prime Minister did the budget in June when she said you're going to have to spend another

...

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