Are the Tories in trouble over the economy?

The New Statesman | UK politics and culture

The New Statesman

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4.4 • 1.4K Ratings

🗓️ 19 August 2022

⏱️ 22 minutes

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Summary

UK inflation has risen above 10 per cent for the first time in 40 years, driving the fastest fall in real pay on record. The defining challenge for the next prime minister will be preventing millions from facing destitution this winter.

Rachel Wearmouth and Freddie Hayward are joined by Emma Haslett, the New Statesman’s associate business editor, to discuss the economic downturn and Britain’s “zombie” government. They also talk about recent polling indicating the Conservatives are no longer seen as more competent with the economy than Labour, and examine public sympathy with striking transport workers.

Then, in You Ask Us, a listener asks whether the leaked recording of Liz Truss saying that British workers need “more graft” and lack the “skill and application” of foreign rivals like the Chinese, will damage her chances of becoming the next PM.

If you have a question for You Ask Us, email [email protected].

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Transcript

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0:00.0	Hi, I'm George, host of the Greenroom Podcast by Deloitte.
0:06.6	We explore the topics that matter most in business.
0:09.3	Every episode we dive into a big question on our mind, like, can AI make us more human?
0:14.7	Does when we're born affect how we work, or is technology our planet's best hope?
0:22.5	I'd love for you to join me in the Greenroom, find us wherever you've got this podcast,
0:26.2	just search the Greenroom by Deloitte.
0:30.2	The New Statesman
0:39.4	Hi, I'm Rachel.
0:40.7	I'm Freddie.
0:41.6	And I'm Emma.
0:42.4	You're listening to The New Statesman Podcast.
0:44.7	On today's episode, we're looking at the government's response to inflation
0:47.9	and the transport workers' strike.
0:49.6	And you will ask us, Liz Truss' comments about British workers
0:52.8	have their damaged her chances for the Tory leadership.
0:55.6	So, I'm joined today by Emma Hasler, who's the New Statesman's Associate Business Editor.
1:04.0	Hello, how are you doing?
1:05.2	Hey, I'm great.
1:06.7	So, could you take us through the latest inflation figures?
1:09.2	Okay, so we had a bit of a shock on Wednesday when inflation,
1:14.2	no one had really expected it to really rise as much as it did.
1:17.4	It hit 10.1%, which is the first time it's been above 10% since 1980.
	...

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