Who are the ‘five families’ of Tory rebels?
Coffee House Shots
The Spectator
4.4 • 2.2K Ratings
🗓️ 13 December 2023
⏱️ 13 minutes
🧾️ Download transcript
Summary
James Heale speaks to Katy Balls and Kate Andrews.
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Transcript
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| 0:00.0 | This episode is sponsored by Canacord Genuity Wealth Management, |
| 0:03.6 | Experience Wealth Managers who go above and beyond to guide and support you. |
| 0:08.0 | Candu is more than just an attitude. |
| 0:10.0 | It's navigating today for a brighter tomorrow. |
| 0:13.3 | Visit can do wealth.com. |
| 0:19.5 | Hello and welcome to coffee house shots. |
| 0:21.2 | I'm James heel and I'm joined today by Kate Andrews and Katie Bulls. |
| 0:24.6 | Now Kate, the GDP figures are out today, what do they tell us? |
| 0:27.7 | So we have the latest update from the Office for National Statistics this morning looking at October's monthly GDP and we saw a pretty |
| 0:36.4 | ugly surprise that the economy contracted by 9.3% in October. This is worse than the 0% movement that economists had been |
| 0:44.8 | predicting. Obviously, 0% growth isn't good, but a small contraction is worse. I |
| 0:50.6 | think the worst news, however, is that in the three months leading up to |
| 0:53.5 | October there was no growth. Monthly data can be tricky for all |
| 0:57.8 | particular kinds of reasons you can see small upticks you can see small |
| 1:01.8 | contractions that doesn't tell us the full story but what October's data is making people quite nervous about is that moving into Q4 and looking ahead to 2024 |
| 1:11.3 | What state is the economy in? |
| 1:13.6 | If we look back across the year, the economy |
| 1:16.2 | has just managed to say on the right side of a recession, |
| 1:18.5 | we have not seen some amazing pro-growth year. |
| 1:21.6 | We've seen things just ticking along. Now the question is, are we really |
| 1:25.3 | at Standstill? And if we're at standstill, is there also a chance of a mild recession? |
| 1:30.1 | And you're hearing the R word a lot this morning, people sayingosh it's like this does not bode well for the coming months and for next year |
... |
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