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This Is Why

‘Where’ve you been?’: Can Liz Truss defend ‘Trussonomics’?

This Is Why

Sky News

News, Daily News, News Commentary

4.0552 Ratings

🗓️ 29 September 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

Liz Truss has spoken for the first time since her chancellor Kwasi Kwarteng’s “mini-budget” pushed the pound to an all-time low, prompted the International Monetary Fund to urge her to re-evaluate her policies and forced the Bank of England to bail out the economy for £65bn.

On the Sky News Daily, Niall Paterson speaks to Mel Stride, the Conservative chair of the Treasury select committee, about why he’s calling on the government to release the costings for its economic plan and Jon Craig, Sky News’ chief political correspondent, about the brewing civil war within the Tory ranks.

Editors - Philly Beaumont & Paul Stanworth
Podcast producer - Rosie Gillott
Interviews producer – Alys Bowen
Digital producer - David Chipakupaku

Transcript

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0:25.0

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0:29.8

You know, when Helen used to get home from work, I'd ask, how are you?

0:34.4

Fine, she'd say.

0:36.1

She clearly wasn't.

0:42.3

After 10 years in IT, she was on autopilot. Then she found this job, training up-and-coming tech wizas at the college, same skills but with new people, new challenges.

0:49.8

Now when she gets back, I get the full debrief. Can't get a word in.

0:55.0

Give your skills new life.

0:56.6

Train others.

0:57.7

Search jobs in further education.

1:00.3

Last episode, I was bemoaning the PM's radio silence on the complete meltdown in the UK economy.

1:07.2

Today, well, you couldn't get her off the airwaves.

1:10.5

Where have you been? Prime Minister, with respect, couldn't get her off the airwaves. Where have you been? Yeah, but Prime Minister, with respect, that is the same scripted answer you've given to every BBC local radio station this morning. A couple of people have said to me, here in Nottingham, this is like a reverse Robin Hood. No one can deny you enter Downing Street with a difficult job on your hands, but you've made the situation worse so far, haven't you? And Lydia says, are you ashamed of what you've done, are you?

1:31.2

I think we have to remember what situation this country is. It would appear we've moved from

1:36.1

Trussonomics to Trussonomics. The don't call it a budget or growth plan, as the government

1:41.9

preferred, led to a run on the poundthe-pound, increased mortgage payments,

1:46.1

hiked the cost of government borrowing in near perpetuity, caused the daily shop to become more

...

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