The gamble for growth
Political Fix
Financial Times
4.2 • 1.2K Ratings
🗓️ 23 September 2022
⏱️ 40 minutes
🧾️ Download transcript
Summary
Kwasi Kwarteng delivered his first Budget in all but name this week, with the biggest overhaul in taxes in half a century. We unpack all the major tax cuts and examine whether the Truss government's huge bet on growth will pay off, and what happens if it doesn't.
Plus, we look at the ABCD plan to see the health service through the winter and whether the UK is losing its focus on science.
Presented by Sebastian Payne, with George Parker, Chris Giles, Sarah Neville and Clive Cookson. Produced by Howie Shannon.
-Read the latest on https://www.ft.com/world/uk
-Follow @Seb Payne
-Subscribe to https://www.ft.com/newsletters
Audio: House of Commons / BBC
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Political fix from the FT is brought to you by EDF. |
| 0:06.0 | EDF generates more British zero carbon energy than anyone else, |
| 0:10.4 | helping to keep future energy costs down and cut UK carbon emissions to zero. |
| 0:16.0 | With EDF's go-electric tariff, you can charge your electric vehicle overnight |
| 0:20.0 | during off-peak hours for under £10, saving you cash and carbon while you sleep. |
| 0:26.0 | Find out more at EDFenergy.com. |
| 0:56.0 | And make Britain more competitive. It will reward enterprise and work. |
| 1:00.0 | It will incentivise growth. It will benefit the whole economy and the whole country. |
| 1:06.0 | Welcome to Payne's Politics, your essential insider guide to Westminster from the financial times. |
| 1:12.0 | With me, Sebastian Payne. This week we'll be unpacking the mini budget |
| 1:18.0 | that was not so many in scale and ambition. We'll be examining those tax cuts for top earners |
| 1:24.0 | which you heard the Chancellor discuss at the beginning, the efforts to stimulate growth |
| 1:28.0 | and the adverse market reaction. Our experts are on hand to explain all. |
| 1:34.0 | Political editor George Parker and economics editor Chris Giles. |
| 1:38.0 | And later, we'll be looking at the Trust Government's other major announcement this week, |
| 1:42.0 | the ABCD Plan to fix their health service. |
| 1:46.0 | Our health editors Sarah Neville will explain whether it will see the NHS |
| 1:50.0 | through a particularly difficult winter while our science editor Clive Cookson |
| 1:54.0 | looks at whether we should be worried about Covid again and is the UK losing its focus |
| 1:58.0 | on science, research and development. Thank you all for joining. |
| 2:10.0 | Liz Trust has been Prime Minister for just over two weeks but has already made it clear |
| 2:14.0 | she is not planning to have a quiet easy time in office. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Financial Times, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Financial Times and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

