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Transcripts for BBCNEWS World Business Report 20240604 04:40:00

Government s throughout the summer the leadership campaign, we saw liz truss and her lieutenant, now chancellor for the kwarteng criticising the bank of england, sidelining the responsibility and on day one of offers firing the top treasury civil servants. the destroyed credibility of the market. each move now injust terms is from square to square, but i am afraid there is a number of squares away before you restore full credibility. thank you for running with that. thanks, simon. simon french in london for us. let s speak to susanna. susannah streeter is senior investment analyst at hargreaves la nsdown. given the pain that has been caused to the economy by the financial turbulence, in whose interest is it to wait 17 more days before what is very likely to be a u turn? days before what is very likely to be a u-turn? to be a u-turn? well, that s it, and that to be a u-turn? well, that s it, and that is to be a u-turn? well, that s it, and that is why to be a u-turn? well, that s it, and that is why the - it, and that is why the pressure billy is on, and that is why the financial markets are really pricing in the fact

Government , Bank-of-england , Chancellor , Liz-truss , Responsibility , Kwarteng-criticising , Lieutenant , Leadership-campaign , Summer , Day-one , One , Number

Why civil servants shouldn't fear a move to Darlington


Why civil servants shouldn t fear a move to Darlington
Guy Opperman is minister for pensions and financial inclusion.
Guy Opperman, the MP for Hexham in Northumberland and the Minister for Pensions, on falling for the charms of the North East and why Treasury civil servants shouldn’t shed any tears when they move from London to Darlington.
The Chancellor Rishi Sunak’s Budget was truly transformative. The North East will be home to the flagship Freeport in the country at Teesport, Town Deals will help level-up our communities, and – of course – the Treasury’s new flagship Northern Campus will be based in Darlington. I know that some Treasury Civil Servants may be nervous about the move North. They shouldn’t be. Having made a similar move myself, I promise you will not regret it.

Raby-castle , Durham , United-kingdom , River-tyne , East-lothian , Northumberland , Teesport , Redcar-and-cleveland , London , City-of , Edinburgh , British