Sunak’s early election gamble
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 23 May 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Rishi Sunak has taken a huge gamble by announcing a July 4 election, record sales of artificial intelligence chips sent Nvidia’s revenue soaring 262 per cent in the past quarter Adani Group passed off low-quality coal as far more expensive cleaner fuel in transactions with an Indian state power utility, according to evidence seen by the Financial Times, and the first batch of genetically engineered non-biting mosquitoes will be released in Djibouti on Thursday.
Mentioned in this podcast:
Rishi Sunak calls July 4 UK election
Nvidia’s revenue beats high expectations as AI chip demand climbs
Federal Reserve officials were open to further US rate rises to quell inflation
Adani suspected of fraud by selling low-grade coal as high-value fuel
Djibouti looks to genetically engineered mosquitoes to quell urban malaria wave
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, 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 Thursday, May 23rd. |
| 0:17.0 | This is your FT news briefing. |
| 0:20.0 | UK Prime Minister Rishi Sunak made a splash in the rain yesterday and |
| 0:25.2 | NVIDIA continues its impressive run. |
| 0:28.3 | Plus Adani Group faces yet another corruption allegation. |
| 0:33.0 | We were looking into fraud in the supply of coal. |
| 0:36.0 | The quality and the price of coal was being inflated to rip off the Indian power stations. |
| 0:41.0 | I'm Mark Filipino, and here's the news you need to start your day. The UK's Prime Minister Rishiz Sunak yesterday set a date for a general election. |
| 1:06.8 | It will be on Thursday, July 4th. |
| 1:09.7 | Just a reminder for our non-British listeners, Sunak is required by law to call an election before January |
| 1:15.7 | 2025. |
| 1:17.5 | Most people thought that would mean elections later this fall, so July 4th is earlier than anticipated. |
| 1:23.0 | And it gives Conservatives six weeks to turn things around, |
| 1:28.0 | they're expected to get walloped. |
| 1:30.0 | The F.T.'s Lucy Fisher was a parliament as Sunak's announcement unfolded. |
| 1:35.0 | It was a day characterized by feverish speculation, gripping Westminster, ministers, MPs, journalists, all appealing to each other both in the corridors |
| 1:46.4 | of the Palace of Westminster on WhatsApp to try and find out what was going on. |
| 1:50.7 | Essentially, Ritchie Sunak kept this decision very tightly to his chest. |
| 1:55.6 | You know, even his cabinet were only informed at the 11th hour of his plan and |
| 2:00.0 | immediately afterwards Rishi Sunat came out into pouring rain to make this announcement |
... |
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