TyskySour: Hunt Won’t Save Britain’s Economy
Novara Media
Novara Media
4.8 • 1.5K Ratings
🗓️ 18 November 2022
⏱️ 64 minutes
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| 0:00.0 | It's Friday night and you are watching Tisky Sour. As it's a Friday, I'm joined by Aaron |
| 0:10.5 | Bastani, how you doing Aaron? My plum very good. Very happy to be back with you. It's been |
| 0:15.2 | too long. It has been too long. I was quite excited today when I realized I was going to be |
| 0:20.0 | back with you. We're going to talk about the economy. I was going into the ground. We're going to |
| 0:24.0 | talk about Twitter. Elon Musk seems to be running that into the ground and we are talking about |
| 0:28.7 | the Qatar World Cup. Obviously, we're talking about the ethics of it very quickly. I know you |
| 0:33.4 | excited for the football element of what we're about to witness. How to say, really? I mean, |
| 0:39.4 | it's unprecedented. There's never been a Christmas World Cup. I mean, it's something to look |
| 0:42.4 | forward to in the depths of winter from a football perspective. I think it's going to be really |
| 0:46.7 | interesting seeing European teams trying to adapt, playing in the Gulf. I know there's air |
| 0:52.8 | condition stadiums. I know they're mostly playing at night, but I think teams like England, Germany, |
| 0:58.3 | France, obviously the Scandinavians, they might not struggle. Look, this might come back to bite |
| 1:03.1 | me on the backside, one of them might win it, but I suspect they're going to struggle. |
| 1:07.4 | And maybe a few big names might go out early. So I think it'd be interesting. We are going to come |
| 1:11.5 | back to that as our final story. It's the day after Jeremy Hunt delivered his highly-anticipated |
| 1:18.0 | autumn statement. And the country's economists and commentators have been pouring over the details |
| 1:24.2 | of the tax and spend changes the Chancellor has planned. But beyond the policy changes that have |
| 1:29.8 | been promised, there is one fact that stands out above all others. The UK economy is screwed. |
| 1:37.0 | The Office for Budget Responsibility are the official watchdog who look over government finances. |
| 1:42.3 | They have said that the next two years will see the biggest hits to household incomes ever. |
| 1:48.1 | So this is a chart from the Institute for Fiscal Studies using OBR data. You can see next year |
| 1:53.6 | household incomes are predicted to shrink by 4% and the year after by 3% up until now, |
... |
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