4.8 • 1.4K Ratings
🗓️ 17 October 2022
⏱️ 40 minutes
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0:00.0 | Good evening, I'm Aaron Mastani, and this is Tisky Sour on Navara Media. What a day it has. |
0:12.0 | I'm joined by Ash Sarka to discuss a truly extraordinary sequence of events. Ash, how are you? |
0:18.8 | I am torn between the feeling of extreme shard and Florida, |
0:23.7 | outwatching the Tory party, rip itself apart, all because they became too arrogant, |
0:29.2 | and appointed a libertarian bear or very little brain to be their party leader, |
0:34.8 | and also extreme fear and concern for the direction of the country, particularly, |
0:39.9 | as we seem to be heading towards austerity 2.0. So, I'm ambivalent, I've got to say. |
0:45.5 | The new Chancellor Jeremy Hunt has today reversed almost all of Liz Truss and quasi-quarting's |
0:50.2 | binfire of a mini-budget, despite causing chaos in the markets the government had hoped |
0:55.4 | to wait until October 31st to give further details. But that delay only added to market turmoil. |
1:02.3 | Mounting pressure meant that last week Truss sacked Quarting, and you turned on her plan to cut |
1:07.8 | to corporation tax. And that was on top of the you turn on the cut to the 45p rate of tax, |
1:13.6 | but it wasn't enough. Hunt gave this surprise intervention today to calm the chaos, |
1:18.7 | and he parted ways with the Prime Minister dramatically. The government has today decided to make |
1:24.3 | further changes to the mini-budget, and to reduce unhelpful speculation about what they are. |
1:32.4 | We've decided to announce these ahead of the medium-term fiscal plan, which happens in two weeks. |
1:39.3 | I'll give a detailed statement to Parliament this afternoon, |
1:43.2 | and answer questions from MPs. But because these decisions are market-sensitive, |
1:48.8 | I've agreed with the speaker the need to give an early brief summary of the changes, |
1:54.2 | which are all designed to provide confidence and stability. So these changes aren't designed for |
2:00.1 | the benefits of the British people, but for the markets, perhaps a sign of things to come from Hunt. |
2:06.0 | Let's start with the biggest change as far as ordinary people are concerned. The biggest |
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