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In the discussion that took place between the two wannabe prime ministers, as they were, over the summer, and liz truss and her team wanted to kind of correct that in what they saw as their priorities in the early weeks, hence the announcement today. but in big picture terms, politically, bluntly, success for them would be keeping the nhs off the front pages, off discussions on newscast and plenty of other programs come off discussions on newscast and plenty of other programmes, because they know that if it s generating headlines, those headlines are bad, and they also know, picking up on the point about backlogs, that with stuff like backlogs and the time it takes to get a gp s appointment, if that continues to be really bad, that is politically really threatening for a government. well, they ve already got a problem because natasha has invited herself back on already. laughter. i have absolutely, you are going to have me back. lord bilimoria, thank you very much for coming in. thank ....
I can tell you ve come from the house of lords because you ve got posh notepaper and you re wearing a tie! judgey! and we ve got natasha loder, who is the health policy editor from the economist. hi, natasha. hello, hello! welcome to the studio, because you ve been on zoom before, so it s nice to actually see you in real life. right, let s do the economy first. lord bilimoria, this announcement we re going to get from kwasi kwarteng, we keepjoking is it a budget, a mini budget, fiscal event? from your soundings around it, how huge is it going to be, do you reckon? i think this is - absolutely terrific. i ve been saying for a long time when i was president of the cbi, going back- to february 2021, to the then chancellor - don t increase taxes. whatever you do, don t, because it will stifle - the recovery and it. will hamper growth. did he listen? no. and we ve got up to the stage of having the highest tax - burden in 70 years. i think that is absolute madness at any time, | let alon ....
You mightjust say, i will register with a different gp. so, it would at least give you a sort of illusion of control, perhaps. while we re talking about people s medical histories, i got my flu vaccine yesterday, and i got it from my local pharmacy, because ijust moved house. excellent. and they did it in the tiniest room, it was like a tiny cupboard, it was very, very intimate, and getting a jab is quite stressful as it is but when the guy is basically sat on your knee injecting you. . .! but chris, just with your bird s eye view of all of politics, what s the feeling in your waters.? i m getting so medical today.! you really are! ..about how health is going to play out over the next few months, over the inevitable tough winter that natasha was talking about? so, when you speak to people at the top of government, i think they acknowledge privately that the nhs didn t really feature all that much in the discussion that took place between the two wannabe prime ministers, as they were, o ....
That s still very low. average interest rates before that were 5%. i and the uncertainty is the worst| part of it, with this ukraine war, which is driving so much of this. we would have been settling down now i after the pandemic, but the ukraine i war has exacerbated things. we need that war to end, and the uncertainty- of when is the war going to end, i let alone all the scary threats made by putin, that uncertainty is underlying everything. i lord bilimoria, ijust want to ask you about one thing. you talked there about the benefit to business of the tax cuts that we expect the chancellor to announce on friday morning. you also mentioned smes, small and medium businesses. some of these tax cuts corporation tax, national insurance might not have a massive impact on small and medium businesses, particularly those who don t employ loads and loads of people. and i ve been speaking to a lot over the course of the last couple of days energy package aside, how else is this going to he ....
I the alternative is for people to i suffer, for businesses to go bust? i m sorry, i don t want to see that happening, i want growth, - i want a targeted growth, i want to create jobs. - natasha, i know you do the health bit of your newspaper, but it is called the economist, does the economist have a view about all the stuff that s happening this week? yeah, i think our view is that reaganomics in britain is a bit of a gamble, and, as you said, you agreed it was a gamble and. i didn t agree it was a gamble, i said it is a choice that one has to make. 0k, choice, gamble, i mean, the outcome is not certain. and we re certainly not thrilled by the strategy, let s just say that. i ll look forward to reading the economist leader on this. right, let s get into your specialism now, natasha, so, we got an announcement about the nhs from the new health secretary, therese coffey, today, who is super busy because she s also the deputy prime minister as well. before we get into what she was talk ....