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Political Fix

Sunak's snacks to save the economy

Political Fix

Financial Times

News, Politics, News & Politics

4.21.2K Ratings

🗓️ 11 July 2020

⏱️ 33 minutes

🧾️ Download transcript

Summary

Chancellor Rishi Sunak set out a £30bn plan to save British jobs this week, with a big boost for pubs and restaurants, but will it be enough to stem the tide of unemployment? We delve into his summer statement, its impact on public finances and why so much hope is pinned on the hospitality and retail sectors. Presented by Sebastian Payne, with George Parker, Chris Giles, Alice Hancock and Jim Pickard. Produced by Anna Dedhar, Josh de la Mare and Breen Turner. Clip sources: Parliament and Sky News

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Transcript

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0:00.0

Hi folks, Darren Snow here.

0:02.0

The British Airways business class sale is now on, with big savings on flights and holidays,

0:06.8

the USA and Europe.

0:08.2

Feel relaxed in the hands of experts with a personal touch.

0:11.7

You can expect dedicated check-in and access to private lounges, a spacious

0:15.6

seat which converts into a fully flat bed, luxury bedding, amenity kit and in-flight entertainment,

0:22.1

including access to history hit TV documentaries.

0:25.3

Book by the 13th of November at BA.com offer subject to availability, holidays are at all protected terms and conditions

0:31.4

apply.

0:40.0

Rishi Sunak set out his latest bold plans to revive the British economy this week, but will the Chancellor's billions of pounds stem the rising tide of job losses?

0:45.0

We entered this crisis unencumbered by dogma and we continue in this spirit,

0:51.0

driven always by the simple desire to do what is right.

0:57.0

Welcome to Payne's Politics, your essential insider guide to what's happened and happening in British politics from the

1:04.7

financial times with me Sebastian Payne.

1:08.1

In this episode I'll be analyzing Mr. Sunak's summer's statement, which was a mini budget in all but name.

1:14.8

With political editor George Parker and economics editor Chris Jules will be digging into

1:19.7

whether his 30 billion pounds of extra spending is the most effective use of public funds.

1:26.3

And later with Chief Political Correspondent Jim Picard and Leisure Industries Correspondent Alice Hancock

1:32.1

will be looking at why the government is focusing so heavily

1:35.0

on getting the economy going through the hospitality sector

1:39.0

and why the British High Street appears to be falling apart.

1:42.0

Sir George and Chris, thanks for joining.

...

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