Only a handful of points behind in the polls. that gap has now massively widened. just a few years after winning the biggest majority of us half a century, the majority is now clearly at risk. he goes on to say this, our party needs to urgently recapture its sense of momentum and its belief in what this country can do. we need to show how we are making the most of brexit and we are making the most of brexit and we need set out in the next month and a progrowth and pro investment agenda. we to cut business and personal taxes, agenda. we to cut business and personaltaxes, he agenda. we to cut business and personal taxes, he says, and not just as a pre election gimmicks, rather than endlessly putting them up. he adds, we must not be afraid to be a properly conservative government. he says, we need to deliver on the 2019 manifesto, which was endorsed by a0 million people. we should remember that more than 17 million voted for brexit. we just want to skip to the end, lewis. you have mentioned this, in what you have mentioned this, in what you have been saying, borisjohnson
Into the sunlit uplands of the 80s. he argued against high tax rates, he was progrowth, transforming the economic landscape and his imprint still lives in within the conservative party. we heard the former chancellor paid tribute to him. his thoughts still influence thinking in the cabinet today? yes. thinking in the cabinet today? yes, i think particularly thinking in the cabinet today? yes i think particularly with rishi sunak, the prime minister because he has also financially and economically minded and was inspired by as a very young man by nigel lawson and still believes in those thatcherite economic principles although when he came into office particularly during covid it made it very difficult for him to get into what he sees as the right situation but that is always in his mind and lawson is his particular model. iie lawson is his particular model. he sta ed lawson is his particular model. he stayed politically active and interested up until the end, he
Lacked. and he had the time, as a successful chancellor, things did go wrong towards the end but he had the time to develop these ideas and actually operate it. so he was the sort of economic brains of thatcherism. and he really made it feel as if things were changing and had changed and that you could free up had changed and that you could free up markets and you could introduce more liberty and you could reduce regulation and constraint and you could get away from the very oppressive, sluggish atmosphere of the 1970s into the sunny uplands of the 1970s into the sunny uplands of the 1980s. he the 1970s into the sunny uplands of the 1980s. . , the 1970s into the sunny uplands of the 1980s. ., , , ., ., the 1980s. he was progrowth, he transformed the 1980s. he was progrowth, he transformed the the 1980s. he was progrowth, he transformed the economic- the 1980s. he was progrowth, he . transformed the economic landscape as we have been hearing and his imprint still lives on within the conservative party, doesn t it? we havejust conservative party, doesn t it? we have just heard the current chancellor and former chancellor paid tribute to him. his thoughts still influence thinking in the cabinet today.
To be leader, i think she realises that demons effectively over. she is been reduced to the status of pop quiz question. she is the shortest living prime minister in history. but the idea to make her ideas still have a big place and that supply side economics which he thinks has been applied sufficiently for the last decade or so by tory politicians for the last decade or so by tory olitician ., for the last decade or so by tory olitician . , ., ., ., ., politicians and the progrowth agenda in immigration politicians and the progrowth agenda in immigration and politicians and the progrowth agenda in immigration and so, politicians and the progrowth agenda in immigration and so, it ll politicians and the progrowth agenda in immigration and so, it ll be - in immigration and so, it ll be interesting to see whether or not the comeback of ideas really is comeback. the comeback of ideas really is comeback- the comeback of ideas really is comeback. ~ . ,, ., , ., ., comeback. will talk about groundhog da in a comeback. will talk about groundhog day in a minute- comeback. will talk about groundhog day in a minute. do comeback. will talk about groundhog day in a minute. do you comeback. will talk about groundhog day in a minute. do you see - comeback. will talk about groundhog day in a minute. do you see a - day in a minute. do you see a groundhog day on the back of the conservative party? i do groundhog day on the back of the conservative party? conservative party? i do see one oliticall conservative party? i do see one politically in conservative party? i do see one politically in america conservative party? i do see one politically in america and - conservative party? i do see one politically in america and donald i politically in america and donald trump who is a candidate is starting to attack republicans were running against him. and so, we will see, one of the dumbest of american
Put the broader economy first. but boy is going to get vicious you watch. bill, the question then let s turn to the other side of the government which is those who are responsible for fiscal, regulatory and other policies. you see any progrowth policies to counter the fed s interest rate increases coming from the biden administration? the short answer no. if you can find one let me know. that is a real problem. there isn t nothing there to give you hope about growth. it is good they are tackling inflation at the fed. but the administration just has not wavered from its spending first policies. nothing to encourage energy development or real growth. and nothing in energy? anything coming from energy at
The energy economy away from fossil fuels for its green energy so there is little capital investment in energy in the united states. in other words we have still a very ruptured dislocated american economy and it is not clear that the biden administration is willing to take the steps that will stimulate growth, therefore we will likely be in a recession. paul: i don t see any policies out of washington that are progrowth, higher taxes, regulation. when we come back, kevin mccarthy scrambled to lockdown the speakership, and beleaguered by midterm losses and legal setbacks new poll shows support for donald trump s 2024-bit eroding is florida governor ron desantis surges. karl rove next. usty crew. were delayed when the new kid totaled his truck. timber. fortunately, they were covered by progressive,
To compete with other financial centres. ., ., , ., ., centres. london should not in an wa centres. london should not in any way take centres. london should not in any way take for centres. london should not in any way take for granted - centres. london should not in any way take for granted its i any way take for granted its pre eminence and its dominance, so any reform that is progrowth, which looks at provision for financial services overall and which makes the uk competitive is very timely and very important. financial services make up 10% of the entire uk economy. it generates enough tax to pay for two thirds of the nhs. it is an economic powerhouse. but as we found out 15 years ago, it can also be a financial wrecking ball. now the banks here are much stronger than they were on the eve of that financial crisis, but there are many who think that rolling back regulation to boost growth is not without risk. in fact, some argue it is precisely because financial services are so important to the uk that it needs tougher regulation. we cannot needs tougher regulation. - cannot afford another gamble with financial deregulation, because what will happen is if it goes wrong, the city will still walk away with its profits and its bonuses, but yet again it will be ordinary
Hands. there is you translate inflation get to these levels which is to bring it back in he has got to be aggressive. but if he is to aggressive he could end up putting the economy into a much deeper recession than is necessary. because the effects of raising interest rates, they come in later and when he actually takes the action, he has a problem in threading that needle. too much and it kills the economy. too little and inflation becomes more and more embedded. dan promise rates will rise any chance you see the new republican majority of the house next year, is your any chance for progrowth legislation of some kind would offset the rate increase and help the economy? i think i d only see that paul kind of basically no negative sense there is no
Important to invest in people who are already here, although he would accept an increase in the immigration of skilled workers. 0ur political correspondent ben wright is at westminster. ben? a day after the prime minister addressed the ben? a day after the prime minister addressed the cbi ben? a day after the prime minister addressed the cbi conference i ben? a day after the prime minister addressed the cbi conference in i addressed the cbi conference in birmingham, today it was the labour leader s turner and he was very noticeable in the warm embrace he tried to give business leaders there, saying labour was proudly progrowth and pro business. 0f progrowth and pro business. of course the economic backdrop to this conference is pretty bleak, the country is in recession, productivity is very low, growth has stalled, and one thing that businesses would like to see certainly, the cbi they have been urging listeners to loosen up the
Damage it has done. if you want to be progrowth then doing some of that damage is probably the most progrowth way you can function. ,, ., . ., ~ function. simon french, thank ou. stay with us on bbc news, still to come. an uneasy calm on financial markets can it last? much more on the end of prime minister liz truss, and what might be next for the uk. a historic moment that many of his victims have waited forfor decades. the former dictator in the dock older, slimmer and, as he sat down, obedient enough. dawn, and as the sun breaks through the piercing chill of night on the plane, it lights up a biblicalfamine now, in the 20th century. the depressing conclusion in argentina today, it is actually cheaper to paper your walls with money.