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Political Fix

The Budget unravels and the break up of the UK

Political Fix

Financial Times

News, Politics, News & Politics

4.21.2K Ratings

🗓️ 11 March 2017

⏱️ 26 minutes

🧾️ Download transcript

Summary

With the FT's George Parker, Sarah O'Connor, Henry Mance and Vincent Boland. Presented by Sebastian Payne

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Imagine you in a nice comfy seat with your hands behind your head taking in the views instead of taking on the road maybe even taking a nap. That's the bliss of getting where you need to go

0:16.1

without worrying about driving. Book your train journey via avantiawestcoast.co. Oveanti West Coast.

0:25.0

Feel good travel. Welcome to FT Politics, a weekly podcast on British politics from the Financial Times.

0:41.6

I'm Sebastian Payne. in this week's episode

0:44.0

we'll be discussing the unraveling of Philip Hammond's budget on whether the

0:47.8

United Kingdom can survive Brexit. I'm delighted to be joined by George Parker

0:52.3

the FT's political editor, Employment Correspondent,

0:55.2

Sarah O'Connor, Henry Mann's Political Correspondent, and our Ireland Correspondent Vincent Boland.

1:00.5

Thank you all for joining.

1:02.4

Philip Hammond delivered his first and last spring budget this week,

1:06.0

and it did not take long for it to become unstuck.

1:09.0

With no white rabbits or fancy new policies,

1:11.0

focus rapidly turned to hikes in national insurance for the self-employed,

1:15.6

or 15% of the UK's workforce.

1:18.4

Mr. Hammond announced he was raising their NIH to be more in line with that of the

1:22.0

employed out of fairness, but it was

1:24.0

also to pay for an extra $2 billion in social care spending. In and outside of Parliament,

1:29.3

anger has been growing all week at a measure that strikes at the heart of the conservative

1:33.6

entrepreneurial ideal. It was also awkwardly happened to be a Tory manifesto

1:38.3

commitment. At least 20 Conservative MPs are thought to be pretty unhappy with

1:42.2

this as are significant sections of the Tory press.

1:45.2

So Sarah O'Connor, before we get into the politics of all this, these NI changes are not the most

...

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