Will Liz Truss last the week?

Daily Politics from the New Statesman

The New Statesman

News & Politics, Society & Culture, News, Politics

4.4 • 1.4K Ratings

🗓️ 17 October 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

In a desperate attempt to stabilise the financial markets Jeremy Hunt, the newly appointed Chancellor, has reversed “almost all” of the tax cuts announced in the government’s mini-Budget just three weeks ago.

Anoosh Chakelian and Harry Lambert discuss the measures announced in Hunt’s emergency statement this morning, reports that he is now acting effectively as a caretaker PM, and who would succeed Liz Truss should she be ousted.

In You Ask Us, a listener asks if the Tories can get away with switching leader again without calling a general election.

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Transcript

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0:00.0	As Nigel opened his Amazon parcel, it was in love at first sight.
0:04.5	Sleek design and effortless cornering.
0:07.2	This vacuum cleaner screamed quality and for a price lower than he ever dreamed.
0:11.8	Five stars from Nigel.
0:15.0	With star reviews from you and star prices from us,
0:18.2	start your search on Amazon today.
0:22.8	The New Statesman.
0:31.0	Hi, I'm Anouche.
0:32.0	I'm Harry.
0:33.0	And on today's episode of the New Statesman podcast,
0:35.6	we discuss Jeremy Hunt junking the entire mini budget and you ask us.
0:40.0	Can the Tories really get away with switching leader again without calling for an election?
0:53.0	So we've literally run down to the studio just as Jeremy Hunt,
0:56.0	the new chancellor has basically jumped the entire mini budget apart from reversing
1:01.0	the national insurance tax rise and the stamp duty cut.
1:04.0	So there's also this bombshell you turn that the energy bill fix will only stay in place until April
1:10.0	when it will be reviewed and made cheaper and more targeted.
1:13.0	So that's basically everything really.
1:15.0	The basic rate of income tax.
1:17.0	Both Liz Truss and Rishi Sunack have pledged to cut at if on different timetables.
1:21.0	That's been cancelled completely.
1:23.0	So actually now Liz Truss is heading to government that is cutting less than Rishi Sunack wanted to,
	...

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