The pound rose against the dollar after the UK government announced it was scrapping plans to cut taxes for top earners, get the latest from London with Gemma Tetlow, an economist at the Institute for Government.
Former OPEC official Jorge Leon discusses fears the group of oil producing countries could reduce supplies, leading to brent crude prices rising 4 ... Show More
Oct 2022
The UK tax cut and pound U-turn
The UK government reversed course on a tax cut, Brazil’s president Jair Bolsonaro defied expectations in the first round of election voting, and Credit Suisse is trying to reassure investors that rumours about its financial health are overblown. Plus, the FT’s James Kynge tells u ... Show More
10m 49s
Sep 2022
Russia’s double energy whammy
Liz Truss will be the next UK prime minister after winning the Tory leadership race, Opec+ agreed on Monday to cut crude supply in a bid to prop up oil prices, Russia switched off Europe’s main gas pipeline until sanctions are lifted, and Singapore has become a haven for Chinese ... Show More
9m 44s
Sep 2022
The global backlash to UK tax cuts
The IMF is criticising the UK’s tax cut plan, the US is pressing EU countries to speed up and increase the financial support for Ukraine, and the head of crypto lender Celsius Network resigned on Tuesday. Plus, officials in Europe say suspicious leaks on two Russian gas pipelines ... Show More
9m 7s
Sep 2022
The Economist Asks: Can Britain’s new prime minister solve an economic crisis?
The new leader of the Conservative Party, Liz Truss, faces an enormous task. Britain is contending with soaring energy bills, double-digit inflation and the unresolved backwash of Brexit. Host Anne McElvoy asks Lord Razzall and former Tory leader Iain Duncan Smith about her path ... Show More
36m 55s