Pound, Pounded

Podlitical

BBC

Government, News

4.6 • 157 Ratings

🗓️ 29 September 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financial markets remain rattled nearly a week after the Chancellor's 'mini-budget', but Prime Minister Liz Truss and Chancellor Kwasi Kwarteng are sticking to their guns on their economic announcements, saying international pressures have had an impact on its reception. As the Bank of England intervenes by buying bonds, what does the current economic turmoil mean for pensions and mortgages, and what are the knock-on effects for Scotland? As Labour come off a conference high, what does this weekend's Tory conference have in store for the Prime Minister? Mairi Spowage, Director of the Fraser of Allander Institute at the University of Strathclyde joins the team to explain some of the mechanisms behind what's happening.

Transcript

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0:00.0	BBC Sounds
0:02.4	You're listening to BBC Scotland
0:09.4	Hi, you're listening to
0:14.0	Podlitical BBC Scotland's podcast
0:15.8	that brings you an inside look at the big stories
0:18.1	coming out of Holly Roots and Westminster.
0:20.3	It is 16 minutes past
0:21.7	two. On Thursday the 29th of September, I'm Lucy White, a journalist based in Glasgow and today I'm
0:27.5	joined by. I'm Raj Seep Sundu, a journalist based in Westminster. I'm Phil Sim, a reporter based
0:34.1	at the Scottish Parliament. And I'm Lindsay Bues, also based at the Scottish Parliament.
0:39.8	And I'm Mary Spowage, and I'm director of the Fraser of Allander Institute at the University of Strathclyde.
0:45.1	Hello, Mary.
0:46.3	Hi.
0:46.9	I love how Mary's title just blows everyone outside the water.
0:51.8	Finally, Andrew, like, okay.
0:53.6	Mary, thank you so much for joining us.
0:55.4	Is this your second political?
0:57.5	I think it might be my third, actually.
0:59.0	Your third, okay.
1:00.3	Podlitical veteran.
1:01.4	It's like we've signed the Mary Spowage Claxton, which is there's something's happened.
1:05.7	It's really complicated.
	...

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