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Leaders with Francine Lacqua

Political Psychodrama And Its Economic Impact

Leaders with Francine Lacqua

Bloomberg

Management, Business, Careers, Entrepreneurship

4.664 Ratings

🗓️ 7 July 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

Boris Johnson’s government is imploding. His attempt to stop the rebellion in his party by quickly installing senior Tories as chancellor and health secretary has clearly not worked. In this week's In The City, Bloomberg Westminster reporter Alex Wickham paints a dire picture for Downing street and looks ahead to what kind of chancellor Nadhim Zahawi will be--depending on how long he'll be able to stick around. Plus, Senior Executive Editor for Economics and Government Stephanie Flanders and Bloomberg Opinion columnist Marcus Ashworth join to discuss what the political turmoil could mean for the UK economy.

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Transcript

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0:00.0

You can get the news whenever you want it with Bloomberg News Now. I'm Amy Morris. And I'm Karen

0:06.3

Moscow here to tell you about our new on-demand news report delivered right to your podcast feed.

0:12.4

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0:17.9

published throughout the day with the latest information and data to keep you informed.

0:22.4

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0:27.9

rerun their radio newscasts throughout the day. That's not what we do. We create customized

0:33.8

episodes that can only be heard on Bloomberg News Now.

0:39.6

And we don't wait an hour to publish breaking news.

0:43.5

When news breaks, we'll have an episode up in your podcast feed within minutes. So you're always getting the latest stories and developments.

0:46.9

Get the reporting and the context from Bloomberg's 3,000 journalists and analysts

0:51.4

we're all over the world.

0:53.0

Listen to the latest from Bloomberg News Now on Apple, Spotify, or anywhere you listen.

0:59.0

There will be no more personal statements today.

1:05.8

The House, leave in peace and quiet.

1:15.5

Thank you. leave in peace and quiet. I'm Francine Lacquois in the London studio.

1:17.8

And I'm David Merritt, also in the London studio.

1:20.5

And this is in the city, Bloomberg's podcast connecting you to the stories at the heart of the city of London.

1:26.2

And yet again, we've had to rip up our plans this week

1:29.4

because the only thing anyone's talking about in London

1:32.1

is the turmoil at Westminster.

1:35.2

Rishi Sunak has resigned.

1:36.5

The Chancellor has resigned.

...

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