NS#245: The 2017 Budget Special
The New Statesman | UK politics and culture
The New Statesman
4.4 • 1.4K Ratings
🗓️ 22 November 2017
⏱️ 24 minutes
🧾️ Download transcript
Summary
Helen and Stephen are joined by Sir Howard Davies, chairman of RBS and former deputy governor of the Bank of England, to dissect this year's budget. Did Philip Hammond avoid mentioning Brexit? Will the stamp duty change really help first time buyers? How worried should you be about the downgraded growth forecasts? All these questions, and many others, answered.
Contact us on Twitter @ns_podcasts, @helenlewis or @stephenkb.
Further reading:
The winners and losers of the budget.
Stephen's take on the budget speech.
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Transcript
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| 0:00.0 | Attention at all passengers. You can now book your train tickets on Uber and get 10% back in Uber credits to spend on your next train journey. |
| 0:11.0 | So no excuses not to visit your in-laws this Christmas. |
| 0:16.5 | Trains now on Uber. T's and C's apply check the Uber app. I'm David |
| 0:20.8 | Aruhovich listen to my new series from Tortoise, Eight Years Hard Labour. |
| 0:25.9 | It tells the extraordinary story of the double revolution that engulfed the Labour Party after 2015, |
| 0:31.6 | from centre left to hard left and back again, the battles and |
| 0:35.7 | disasters that accompanied them and the two men who led those revolutions, |
| 0:39.7 | Jeremy Corbyn and Kiea. |
| 1:10.0 | Listen to eight years hard labour wherever you get your podcasts. It's Budget Day. We have all the headlines, toplines and landmines coming up in this special edition of the New Statesman podcast. Hello and welcome to our special Budget Day Extra Special Emergency |
| 1:18.4 | Podcast. We are joined by a great guest. We're joined by Howard Davis who was |
| 1:21.2 | appointed as Chairman of the Royal Bank of Scotland |
| 1:22.9 | on the 1st of September 2015. |
| 1:24.9 | He's formerly worked at the Bank of England, the CBI and the Foreign and Commonwealth Office and |
| 1:27.6 | is the author of five books focused on the financial market. |
| 1:30.0 | So hello Howard. |
| 1:32.0 | What were your initial impressions of the budget just as soon as he sat down, what did you think about |
| 1:36.8 | what Philip Hammond had said? |
| 1:38.1 | I thought it was a reasonable stab at treading through the minefield in which he found himself. I think there is a degree of |
| 1:47.4 | fiscal relaxation which is probably sensible given that growth is expected to be lower, but not sufficient fiscal relaxation to |
| 1:56.1 | frighten the horses in financial markets, which are nervous at the moment, |
| 2:00.2 | particularly given the imminence of some kind of hard Brexit. |
| 2:04.0 | So I think overall I would say that the balance looks reasonable to me. |
... |
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