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Leaders with Francine Lacqua

Truss's Tax Cut U-turn Could Still Lead to an Exit Ramp

Leaders with Francine Lacqua

Bloomberg

Entrepreneurship, Careers, Management, Business

4.664 Ratings

🗓️ 4 October 2022

⏱️ 17 minutes

🧾️ Download transcript

Summary

In this bonus episode of In the City, David Merritt and Francine Lacqua unpack the government's humiliating reversal on its signature tax cut. Bloomberg's Managing Editor for European Economy and Government Ben Sills joins to hammer home that this is still a prime minister who's struggling to regain credibility and questions about her leadership chops are not going away. Plus, former Bank of England policy maker Andrew Sentance says the new government thinks it has a "magic wand" to create economic growth in the short-term but "that's just not realistic." 

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Transcript

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0:59.5

Dave, so I'm bringing my kids to New York actually for Halloween.

1:03.8

Ooh, are you?

1:04.9

Yeah, I promise the kids.

1:06.5

City's always already gearing up for it.

1:08.8

I can see that.

1:09.8

Yeah.

1:10.4

Who you're going to dress up as?

1:12.2

Liz Tross.

1:14.2

It's the ultimate Halloween costume.

1:18.2

How to spook the markets in the first 10 days in office.

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