The Trussonomics Budget
Chopper's Politics
The Telegraph
4.2 • 864 Ratings
🗓️ 23 September 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
From levelling up to trickling down: Chancellor Kwasi Kwarteng's announcements today signal a seismic shift in policy from the new government. But will his and Liz Truss' gamble on future growth pay off, how does it affect the public, and how will Labour respond?
To unpack the announcement Christopher Hope is joined in the studio by Whitehall Correspondent Tony Diver and Associate Editor Gordon Rayner.
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Transcript
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| 0:00.0 | People need to know that help is coming and help is indeed coming. |
| 0:07.0 | We're taking three steps to support families and businesses with the cost of energy. |
| 0:11.0 | Firstly, to help households households so to support growth |
| 0:14.2 | increased confidence and help families aspiring to own their own home I could |
| 0:18.7 | announce that we are cutting stamp duty. In the current system, but I'm not going to cut the |
| 0:26.8 | additional rate of tax today, Mr Speaker. I'm going to abolish it altogether. |
| 0:32.0 | From April the 23rd, we will have a single higher rate of income tax of 40%. |
| 0:38.0 | Hello, I'm Christopher Hope, the Teller of Grass Associate Editor for Politics and this is |
| 0:45.4 | Choppers Politics Podcast. Now listeners you may not know it but I have gray hair I am old |
| 0:50.8 | I have cover politics in Westminster for two decades but I've never ever sat through |
| 0:56.2 | a budget as dramatic as a physical event announced this morning by quasi quatang the new |
| 1:01.2 | Chancellor of the Exchequer. |
| 1:03.0 | So just hours after the announcement, |
| 1:05.0 | I asked Gordon Rayna, our Associate Editor, |
| 1:08.0 | and Tony Diver, one of our brilliant political team in Parliament, |
| 1:11.0 | to come and talk about what they just heard and their reaction. |
| 1:14.0 | Tony diver, Gordon Rayna, welcome to chopper's politics. |
| 1:18.0 | Tony diver, you hopfited it straight from the House of Commons, you were there as I was in |
| 1:22.0 | in there watching what happened what's your top |
| 1:25.2 | headline from today? Well the most extraordinary number of tax cuts have just |
| 1:29.3 | been delivered to us. It's a bonfire of taxes. A huge bonfire of taxes in this 40 page booklet. |
| 1:34.0 | I'm waving this around, we've been given this booklet. |
... |
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