Trying to make sense of the UK economic mess

Amanpour

CNN

News

4.1 • 1K Ratings

🗓️ 17 October 2022

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

What's happening in the UK right now has heads spinning around the globe. New Prime Minister Liz Truss is already scrambling to survive. Her new chancellor Jeremy Hunt today brought down the axe on nearly all of her tax-cutting plan after it sent the markets spiraling. To make sense of all of this, Christiane spoke to Rory Stewart, former conservative party MP and cabinet minister, and economist Mariana Mazzucato. Also on today's show: Frank Tsai, the founder of China Crossroads, which works closely with academic and business figures in China; Rana Faroohar, a global economic analyst for CNN and columnist at the Financial Times; actor Jeremy Strong and director James gray discuss their new movie Armageddon Time. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hello everyone and welcome to Amunpur. Here's what's coming up.
0:07.0	We will reverse almost all the tax measures announced in the growth plan three weeks ago.
0:15.6	Yet more stunning U-turns in the UK from the new Chancellor as the Prime Minister frantically
0:22.0	tries to fix a problem she created.
0:24.0	Liz Trust tries to survive but at what cost to the people.
0:28.0	I ask former Tory MP Rory Stewart
0:31.0	and economist Mariana Mazzuccato.
0:34.0	Then China's 20th Party Congress begins in Beijing
0:40.0	and it's likely to end with an unprecedented third term for President Xi Jing Ping.
0:46.0	We get inside from China analyst and lecturer Frank Sigh in Shanghai.
0:50.8	Also ahead.
0:51.8	Economic analyst Rana Furuha talks to Walter Isakson about her book Homecoming,
0:56.0	The Path to Prosperity in a post-global world.
1:00.0	Plus, you just want me to be like you.
1:02.0	I want you to be a whole lot better than me.
1:04.0	Armageddon time, actor Jeremy Strong joins me with Director James Gray
1:08.0	on their new film focusing on race and injustice. Welcome to the program everyone. I'm Christina Manpur in London.
1:29.0	What's happening in the UK right now has heads spinning around Europe and even in the United States
1:35.2	with President Biden diplomatically calling the Prime Minister's U-turn
1:39.2	on her unpopular tax- plan, predictable.
1:42.8	And even the Greek Prime Minister has joked recently about it,
1:45.8	telling the Sunday Times that if the UK needs experience
	...

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