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Political Fix

Sunak's tax dilemma

Political Fix

Financial Times

News, Politics, News & Politics

4.21.2K Ratings

🗓️ 5 September 2020

⏱️ 30 minutes

🧾️ Download transcript

Summary

Chancellor Rishi Sunak has warned both the public and Conservative MPs that difficult decisions must be taken on tax and spending. How dire is the UK economy and will taxes rise? We also discuss the closure of the Department for International Development, which has been rolled into the all-new Foreign, Commonwealth and Development Office. Will this strengthen the UK's foreign policy, and at what cost to aid projects? 


Presented by Sebastian Payne, with George Parker, Chris Giles, Robert Shrimsley and Bronwen Maddox, director of the Institute for Government think-tank. Produced by Anna Dedhar and Josh de la Mare. The sound engineer is Breen Turner and the editor Liam Nolan. Music by Metaphor Music.


Review clips: Parliament, ITV News, LabourList, BBC Radio 4


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Transcript

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0:00.0

The Tories are at war again over taxes and whether they will have to be raised this autumn to pay for the economic damage caused by coronavirus.

0:12.0

Welcome to Payne's politics, your essential insider guide to what's happening in British politics from the Financial Times, with me Sebastian Payne.

0:21.0

In this episode, I'll be discussing why Ritchie Sunak and Boris Johnson

0:25.7

tried to calm Conservative fears over the economic turbulence ahead with political editor George

0:31.2

Parker and economics editor Chris Giles.

0:35.5

And later I'll be discussing how aid, trade and diplomacy can work together in the new

0:41.3

Foreign Commonwealth and Development Department

0:44.0

with political columnist Robert Shrimsley and special guest Bronwyn Maddox,

0:48.0

who's director of the Institute for Government Think Tank.

0:51.0

George and Chris, welcome back.

0:53.4

Hi there, Seth.

0:56.4

So before we talk about the economy, we've had some intriguing Whitehorn news this week.

1:00.9

First of all, Simon Case was appointed out of nowhere to be the new

1:04.2

Cabinet Secretary next and exclusive by George, but whereas he's going to be

1:08.4

staying in 10 Downing Street a lot of other people are moving out. We've

1:12.1

discovered that Dominic Cummings, who's the Prime Minister Chief

1:14.5

Advisor, is setting up a new NASA style control room in 70 Whitehall. There's been some

1:19.7

excellent illustrations of this George, giving you the idea of Bond style bunkers with screens, round-to-the-top. I was your NASA style control center at home.

1:32.5

Well, I say the illustrations have made it look sort of quite space age, but in the end I think most

1:37.6

companies would recognize Dom's command center is just something where you

1:40.6

organize people according to their speciality in middle sections is not exactly

1:44.4

rocket science. But as to my own command centre said, I'm sitting in my front room at the moment. I'm surrounded by screens which give me

...

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