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Political Fix

Rishi Sunak’s debut Budget as coronavirus ramps up

Political Fix

Financial Times

Politics, News, News & Politics

4.21.2K Ratings

🗓️ 14 March 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

The new chancellor delivered his first Budget this week and pulled off a complicated, uncertain fiscal event. Has he defined what Johnsonism is? How does the Conservative party feel about the big spending increases? And how will it all be paid for? Plus we discuss Boris Johnson's decision to increase the UK's efforts to combat coronavirus, why No10 is relying on behavioural scientists and taking a different approach to the virus from other countries. Presented by Sebastian Payne, with George Parker, Chris GIles, Laura Hughes and Sarah Neville. Produced by Anna Dedhar.

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Transcript

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0:00.0

Welcome to FTE Politics, a weekly discussion on what's happening in Westminster from the Financial Times.

0:14.0

I'm Sebastian Payne.

0:15.6

In this week's episode, we'll be diving into Rishi Sunak's first budget, which may have all

0:20.7

been about coronavirus but broke with decades of conservative economics.

0:25.3

We'll be looking at those huge rises in public spending which pledges on tax and spend

0:30.7

and whether the UK economy is really ready for the turbulence ahead.

0:35.0

Plus we'll be looking at the latest on coronavirus in Britain, the move from the

0:39.1

contained delay phase, how much the disruption is likely to come in the future, and how behavioral

0:44.8

economics is driving Boris Johnson's approach.

0:47.7

I'm delighted to be joined by our political editor George Parker, economics editor Chris

0:52.0

Giles, Global Pharmaceuticals editor Sarah Neville, and Political Correspondent Laura

0:56.8

Hughes.

0:57.8

Thank you all for joining.

0:58.8

And if you find yourself liking this episode of FT Politics, then do subscribe through all the usual channels to receive it

1:04.4

every Saturday morning. Corona virus is obviously disrupting all of our lives and the

1:09.0

FT is sadly no exception. Our budget special on Wednesday was sadly cancelled due to the virus.

1:15.0

We will do our best to continue delivering podcasts even if they're recorded remotely

1:20.0

and we hope you can stick with us if the quality might not be up to our usual standards.

1:25.6

The first budget of Boris Johnson's government was always going to be a big moment to try and

1:31.4

define what Johnsonism is and whether the party could deliver on the promises

1:36.1

made to all those new Tory voters in the north and Midlands of England.

1:40.6

It was also going to be a big moment for Rishi Sunak, who was only made Chancellor a couple of weeks ago and had not much time to pull together this budget, differentiated from his predecessor, Sajid Javid, all while dealing with the unknown effects of coronavirus.

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