Will Rishi's stimulus backfire?
Coffee House Shots
The Spectator
4.4 • 2.2K Ratings
🗓️ 27 May 2022
⏱️ 13 minutes
🧾️ Download transcript
Summary
Kate Andrews speaks to Katy Balls and James Forsyth.
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Transcript
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| 0:00.0 | This podcast is sponsored by Canacord Genuity Wealth Management, |
| 0:04.3 | award-winning wealth managers who go above and beyond to support and guide you. |
| 0:09.1 | Visit candewelth.com to start building your wealth with confidence. |
| 0:16.6 | Hello and welcome to Coffee How Shots. I'm Kate Andrews and I'm joined today by James |
| 0:20.6 | Forsyth and Kate Balls. So it's been roughly 23 hours since the Chancellor laid out a 15 |
| 0:27.5 | billion support package in addition to what he's previously announced to help people |
| 0:32.6 | with the cost of living cronch, particularly the lowest income households. Katie, so far, |
| 0:39.2 | what has the reaction been like? We know that the Chancellor has been doing the media around defending |
| 0:43.2 | his proposals. How are they going down? I think it's a pretty mixed reaction. In terms of the front |
| 0:48.3 | pages, I think Rushy's definitely generally speaking, obviously much more positive press for |
| 0:54.6 | the announcement yesterday than he did his spring statement, which was a really across-the-shop |
| 0:59.3 | criticised, where it was criticised on one side for not being conservative enough, for not cutting |
| 1:05.2 | enough taxes, or on the other side, for not offering enough support for the most vulnerable. |
| 1:09.6 | Whereas what you're seeing here is that some of the front pages saying it will finally chance |
| 1:13.8 | there, but generally a sense that this is well targeted. I think Rushy's seen it has also received |
| 1:18.2 | some praise from the Nitton's Cheap for Fiscal Studies. This guess comes with its own risks |
| 1:22.7 | of which we discussed yesterday, and we'll further on the Saturday edition of the podcast, |
| 1:27.6 | but generally speaking, it's targeted the most vulnerable. I think that has landed well. |
| 1:32.5 | Where, of course, you are getting criticism, and especially in some of the right leaning papers |
| 1:36.4 | and this echoed in parts of the Tory party, is yes, people are saying all you need is relief, |
| 1:41.7 | but whether you're going to start cutting taxes. Obviously, I think you'll look at the |
| 1:45.5 | SDF and things suggested the opposite. Then, I think in terms of the Tory party, |
... |
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