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FT News Briefing

Scotland’s first minister resigns

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 30 April 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

Humza Yousaf is resigning as Scotland’s first minister, and WeWork’s senior creditors are poised to take control of the reorganised co-working space provider. Plus, an Africa-focused venture capital firm has steered one of the region’s biggest fundraising efforts of the past five months. 


Mentioned in this podcast:

Humza Yousaf quits as Scotland’s first minister

WeWork agrees restructuring deal that shuts out Adam Neumann’s comeback bid

Africa-focused fund draws early investors to tech industry

FT Life & Art podcast


The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com


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Transcript

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0:00.0

The UK's energy partner.

0:06.0

Learn more at equinore.

0:10.0

Good morning from the Financial Times. Today is Tuesday, April 30th, and this is your

0:17.8

F.T. News briefing. The Scottish National Party suffered yet another major setback yesterday,

0:24.5

and the drama at We Work might actually be coming to a close.

0:28.7

Plus Africa's young tech sector is catching the eyes of international investors.

0:34.0

I'm Mark Filipino back from sabbatical and here's the news you need to start your day. Good afternoon. Can I thank you all for coming?

0:55.0

Humza Youssef, Scotland's first minister, announced his resignation yesterday.

1:00.0

I've concluded that repairing our relationship across the political divide can only be done

1:06.5

the someone else at the helm. It's the latest in a long line of political problems for the Scottish National Party, which USAF leads.

1:15.2

To my colleagues in opposition, regardless of political party, I genuinely do wish you well.

1:21.5

I bear no ill well and certainly bear no grudge against anyone.

1:26.0

Here to talk to me about where the country's largest party is headed next is the F.T's Simeon Kerr.

1:31.7

Hey Simeon. Hi there.

1:33.2

All right, so just get us up to speed here. Why did you have resigned?

1:37.2

Well, last Thursday, Hamza-USF decided to try and reset his leadership by tearing up a power sharing agreement with his coalition

1:47.2

partners, the Scottish Greens.

1:49.7

This was attempting to try and get back onto the center ground of politics to refocus on

1:55.4

bread and butter issues that are of most concern to the voters you know issues such

2:01.9

as health, education, transport, economy, jobs and investment.

2:06.0

However, the Greens reacted furiously to this slight and decided not to back his leadership when the Scottish Conservatives launched a vote of no

2:17.2

confidence in Humser Yousif.

...

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