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Transcripts For BBCNEWS The Context with Christian Fraser 20240707



and the economy is also a key issue for us voters three weeks out from the crucial midterm elections as inflation continues to rise. tonight with the context, paul waugh, chief political commentator for the i newspaper, and democratic strategist mary anne marsh. as government u turns go, and there have been a few of late, this was a big one. britain s new chancellor, jeremy hunt, has dumped nearly all of the flagship economic policies of the liz truss government in an attempt to end weeks of financial turmoil. it has left the prime minister fighting for her political survival with a few mps openly calling for her to quit, and more doing anonymously. this gives you an idea of the scale of how much has been dropped from the pm s plan for growth last month which the then chancellor kwasi kwarteng announced in parliament, and how little now remains. the 1p cut in the basic rate of income tax has been dropped indefinitely. it will remain at 20p. the 2 year cap on energy pr ....

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