hello and welcome to audiences in the uk and around the world. i m sally bundock. it s a big day ahead for the chancellor kwasi kwarteng as he delivers the keynote speech at the conservative party conference later in birmingham. the new finance minister is expected to insist the government will stay the course on his tax cutting growth plan despite the swift and turbulent reaction on financial markets. this time last week, the pound hit an all time low against the us dollar and days later, the bank of england was forced to take emergency action to protect pension funds. i m joined by dr roger barker director of policy at the institute of directors. how will kwasi kwarteng do today? what are you hoping chancellor will say? i’m today? what are you hoping chancellor will say? i m sure the chancellor chancellor will say? i m sure the chancellor will chancellor will say? i m sure the chancellor will reiterate | the chancellor will reiterate his commitment to taxcutting p
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raise wages and prices as rapidly. i raise wages and prices as rapidly. i think the audience will hear you saying taking money out of our pockets and panicking, so many people are already struggling to keep their heads above water, pay their mortgage, the cost of living crisis, is it really fair to take more money out of the pockets of people? more money out of the pockets of eole? ., ., , , more money out of the pockets of eole? ., . , , ., ., people? unfortunately, it is not a ureat people? unfortunately, it is not a great situation, people? unfortunately, it is not a great situation, inflation - people? unfortunately, it is not a great situation, inflation does - great situation, inflation does that. inflation does it by stealth, it does it to everyone, and it makes a really big difference over a long period of time if you have inflation well above the 2% target. so, actually, this is the lesser of two evils, it is creating some pain for households and businesses, but unfortunat
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