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Coffee House Shots

Will Hunt's budget survive scrutiny?

Coffee House Shots

The Spectator

News, Daily News, Politics

4.42.2K Ratings

🗓️ 18 November 2022

⏱️ 9 minutes

🧾️ Download transcript

Summary

The front pages are almost universally bad today, but the government is more concerned with the reaction from the markets, which, so far, have not turned against yesterday's budget. Could this high tax low spend fiscal statement yet pass scrutiny, given the torrid economic climate at large? Cindy Yu talks to James Forsyth and Katy Balls.

Produced by Cindy Yu.

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Transcript

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0:00.0

This episode is sponsored by Canacore Genuity Wealth Management.

0:04.0

Experienced Wealth planners and investment managers who offer unwavering support in challenging times.

0:09.8

Visit kanduwealth.com for more information.

0:16.0

Hello and welcome to Coffee House Shots. I'm Cindy Yu. I'm joined by Katie Bors and James

0:20.4

O'Syth. Now James and Katie is the second day after the budget or not budget the autumn statement.

0:26.4

What are the front pages like today Katie?

0:29.0

So there's a mixed bag. I mean I think the express is the most positive but that's not hugely

0:34.9

surprising. They're happy about the pensions triple lock. Exactly so I think and that was the

0:39.5

moment when you saw Jeremy Hunt delivering the autumn statement where the Tory MPs the back

0:45.4

ventures were pretty quiet throughout and it's definitely when he announced the pensions triple lock

0:50.4

staying in place that you saw the loudest cheers or at least that you know the most animation in

0:55.6

this session coming from the Tory ventures and the express are celebrating that saying they've

1:00.0

had a campaign. I mean away from that I think the focus is on a hieco the OBR forecast the project

1:06.4

to have that big ball and living standards and then I think you were also seeing people saying well

1:12.0

how do we get into this mess and therefore you know other tourists cleaning up their own mess so

1:16.9

but I would say you take a step back I think all things considered I don't know what James

1:22.4

thinks here ultimately I don't think the front pages are so bad for the for all the difficult

1:28.1

things they've had to announce these front pages were never going to be good and I think they

1:32.5

could be a lot worse. So I think the most important test of this autumn statement was how the

1:38.1

markets reacted and the market reaction so far they haven't been hosanna's or anything like that

1:43.1

but it hasn't been negative we are not currently having a split screen with guilt yields and sterling

1:49.7

so I think that bit has passed I think there is obviously grumpiness among Tory MPs you saw

...

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