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Political Fix

Rishi's spending review and fears for new tiers

Political Fix

Financial Times

News, Politics, News & Politics

4.21.2K Ratings

🗓️ 28 November 2020

⏱️ 33 minutes

🧾️ Download transcript

Summary

Chancellor Rishi Sunak delivered his spending review this week amid the harsh economic effects of coronavirus and the UK's mounting debt pile. Why was foreign aid cut, should public sector workers have received a pay rise and have all the hard choices been delayed until next year? Plus, we discuss how England will exit its national lockdown next week, what happens at Christmas and why there is much unhappiness about the new system of regional tiers.

Presented by Sebastian Payne, with Sarah Neville, Jim Pickard, Chris Giles and George Parker. Produced by Anna Dedhar and Josh de la Mare. The sound engineer was Breen Turner and the editor Liam Nolan. Review clips: BBC Radio 4, Parliament

Further reading:

-‘Economic emergency’ adds pressure for a rethink on fiscal rules

-Sunak warns of ‘economic emergency’ as borrowing hits record £394bn

-Boris Johnson picks former Treasury adviser as new chief of staff

-Boris Johnson facing big backbench revolt over Covid tier system

-London set to be spared toughest Covid curbs

-UK economy tracker: the tough outlook for jobs

-England hit with tough new regional Covid curbs

-Someone forgot to tell Covid it’s Christmas

-Read the latest on UK politics

-Follow @Seb Payne and @George Parker


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Transcript

Click on a timestamp to play from that location

0:00.0

Imagine sweeping through green fields, floating five feet above ground, sun on your face as you

0:08.3

slide by on track to your

0:15.0

there,

0:20.0

to care in the world as you simply lean back.

0:17.0

And before you know it, you're there.

0:20.0

This is how travels should feel,

0:22.0

and on our trains it does

0:25.2

Avanti West Coast feel good travel

0:37.8

Rishi Sunak opened his wallet possibly for the last time this week as the Chancellor admitted the country is facing very tough choices ahead after

0:42.3

coronavirus.

0:43.4

Our health emergency is not yet over and our economic emergency has only just begun.

0:51.6

So our immediate priority is to protect people's lives and livelihoods.

1:00.6

Welcome to Payne's politics, your essential insider guide to what's happening in British

1:05.7

politics from the Financial Times with me Sebastian Payne.

1:10.3

In this week's episode I'll be examining Mr. Sunec's spending review, which saw the Chancellor

1:15.3

pour more money into defense and supporting jobs but slashed foreign aid and froze public sector

1:21.1

pay.

1:22.1

Unpicking the data and the strategy is our political

1:24.8

editor George Parker and economics editor Chris Giles. And later we'll be

1:30.9

looking at the new coronavirus restrictions, the introduction of the winter tiering

1:35.8

system, the backlash from Conservative MPs and whether a vaccine is going to come to the rescue

1:41.6

in the spring.

...

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