Recession.
The News Agents
Global
4.1 • 5.4K Ratings
🗓️ 17 November 2022
⏱️ 27 minutes
🧾️ Download transcript
Summary
The highest tax burden in decades. The biggest drop in living standards on record. The UK and its economy is stuttering into a second recession in a decade. The news today delivered by Chancellor Jeremy Hunt was not good.
Emily, Jon and Lewis unpack the Autumn Statement on today's episode.
Planning: Melissa Tutesigensi
Socials: Georgia Foxwell
Video: Will Gibson-Smith
Production: Gabriel Radus
Deputy Editor: Tom Hughes
Executive Producer: Dino Sofos
For exclusive daily videos from The News Agents visit Global Player: https://www.globalplayer.com/videos/brands/news-agents/the-news-agents/
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Transcript
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| 0:00.0 | The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity. |
| 0:09.2 | This is a global player original podcast. |
| 0:12.6 | The OBR forecast for the UK's inflation rate to be 9.1% this year and 7.4% next year. |
| 0:20.4 | They confirm that our actions today help inflation to fall sharply |
| 0:24.9 | from the middle of next year. They also judge that the UK, like other countries, is now in recession. |
| 0:32.8 | And to be absolutely honest, that is about as good as it got from Jeremy Hunt because this was the most dismal and depressing account of the state of the British economy right now on what it looks like for the next few years. |
| 0:47.3 | Yeah. It's not going to be an incredibly cheery listen today, but it is going to be an important one. We've just learned that household disposable income is going to suffer its biggest fall on record over the next two years. That's all of us, pretty much. So today, over the next half hour, we thought we'd talk you through the economics and the political ramifications of what we've heard from the |
| 1:12.1 | Chancellor today. Where does it leave each of us? Where does it leave us as a country? And where does |
| 1:18.6 | it leave the political parties more generally? Welcome to the newsagents. The newsagents. |
| 1:27.8 | It's John. It's Emily. And we're both in Newsagents. It's John. |
| 1:28.6 | It's Emily, and we're both in Newsagents HQ. |
| 1:31.8 | It's Lewis in Birmingham. |
| 1:33.7 | Back home. |
| 1:34.9 | Lewis, are you sure you're in Birmingham and not Belfast? |
| 1:37.6 | Back on, Bab. |
| 1:38.2 | The reason I ask is that one of our listeners, a newsagent, has contacted us us and has sent us a court report that is in the newspapers today about a Lewis Goodall who has been sentenced to eight months in prison. |
| 1:55.3 | And we've heard the Crown lawyer saying, Goodall was pulling down his trousers at passing vehicles, running in front |
| 2:03.6 | of and between traffic and attempting to fight with other members of the public. |
| 2:09.2 | Not again. Again. Yeah, well, I mean, the thing is, as you know, doing the Friday show alone |
| 2:14.2 | without the two of you is very stressful. So, you know, when I've done that at my LBC show on a Friday, I just, I hit the jars. And look, it was, it was a heavy night. |
| 2:21.7 | The moment our backs are turned. Actually, what we have learned in the last half hour, which has been |
| 2:28.0 | quite gratifying, is that Lewis Goodall, the real Lewis Goodall here, is even worse at technology |
... |
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