logo
episode-header-image
Oct 2022
10m 49s

The UK tax cut and pound U-turn

Financial Times
About this episode

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 us how China’s property market crash is hurting local governments. 


Mentioned in this podcast:

Pound and gilts gain after Truss changes course on 45p tax rate cut

Jair Bolsonaro’s ‘beef, bible and bullets’ coalition is here to stay

Brazil braced for tense presidential runoff between Lula and Bolsonaro

Credit Suisse CDS hit record high as shares tumble

How big is the capital hole at Credit Suisse?

China’s property crash: ‘a slow-motion financial crisis’


The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 


Read a transcript of this episode on FT.com



Hosted on Acast. See acast.com/privacy for more information.

Up next
Today
Google closes in on Nvidia in the AI race
<p>Google’s parent company got close to a record $4tn market capitalisation, and more than $1tn has been wiped from the cryptocurrency market in the past six weeks. Plus, US consumers aren’t feeling too merry ahead of the holidays, and the UK prepares for its long-awaited Budget ... Show More
10m 50s
Yesterday
How Ireland became the weak spot in Europe’s defences
<p>Traders are piling into bets that Wednesday’s UK Budget will push the pound lower against the dollar, and the pharmaceutical industry saw some promising — and not so promising — clinical trial results. Plus, US tech stocks leapt on Monday and Ireland’s military neutrality has ... Show More
10m 26s
Nov 24
The scramble for a Ukraine peace deal
<p>US pressure on Ukraine and its allies to agree a peace deal with Russia ignites fresh concern in Europe, and the US has officially designated Venezuela’s “Cartel of the Suns” a terror group. Plus, Europe looks to increase investment rules to stand up to China, and a look at wh ... Show More
12m 27s
Recommended Episodes
Aug 2023
Could a reshuffle revitalise Sunak’s government?
<p>It’s almost time to wave goodbye to the summer, but is Rishi Sunak also poised to bid farewell to some of his ministers? The FT’s Whitehall editor Lucy Fisher is joined by columnist Stephen Bush and political editor George Parker to discuss a cabinet shake up. Plus, the FT’s U ... Show More
35m 52s
Oct 2022
Pound recovers after British Government U-Turn
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 pr ... Show More
27m 10s
May 2023
Inflation and migration: Sunak’s problematic pledges
<p>Cutting inflation and stopping small-boat migration are two of Prime Minister Rishi Sunak’s five core priorities, but there's no let-up in inflation or unhappiness with the government's policy on asylum seekers. George Parker, the FT’s political editor, discusses with economic ... Show More
29m 47s
May 2022
It’s definitely not a windfall tax!
<p>We start with that huge bailout package for struggling families announced by the&nbsp;chancellor&nbsp;and the controversial taxes he raised to fund it - a £5bn windfall tax on energy companies with more to come.</p><p>The FT’s&nbsp;economics correspondent&nbsp;Delphine Strauss ... Show More
27m 52s
Mar 2020
Rana Foroohar on the trillion dollar fightback, Biden sweep
The FT News Briefing is a rundown of the global business stories you need to know for the coming day, from the newsroom of the Financial Times. If you enjoy it, subscribe to the FT News Briefing wherever you get your podcasts, or listen at FT.com/newsbriefing. Western governments ... Show More
7m 56s