sir. is it him? the fourth - chancellor in four months. his sir. is it him? the fourth chancellor in four months. his first act was to ditch liz truss plans. we will not be able to cut taxes as quickly as we want to and some will have to go up. we quickly as we want to and some will have to go unm quickly as we want to and some will have to go up. we now at the mercy ofthe have to go up. we now at the mercy of the mighty have to go up. we now at the mercy of the mighty markets? have to go up. we now at the mercy of the mighty markets? he - have to go up. we now at the mercy of the mighty markets? he wouldn t of the mighty markets? he wouldn t be the only one to wonder what on earth is going on. so we have one big question this morning. who is really in charge? this morning, we ll hear from the man tasked with saving the economy and liz truss premiership her new chancellor, jeremy hunt. and, as labour keep hold of their huge lead in the polls, i ll be speaking to ma
an hour but we have to start with the political meltdown that s been hard to ignore. matt hancock, you ve been in your suffolk consituency. what have people been saying to you? it is clear to everybody this needs fixing, it needs sorting. we have a significant political problem and thatis significant political problem and that is a result of a set of policies that were uncosted and underfunded and that approach was never going to work and it hasn t worked and i am glad the government is now committed to the sort of financial discipline that is absolutely necessary and bread and butter to any conservative administration. we can set aside, once and for all, these ideas you can go for underfunded policies and they might work. it was funny, in they might work. it was funny, in the intro you said who is in charge of the financial markets? they are the creditors, the people we have borrowed from, you have to take them
reform, easing red tape on business, those things are still going to happen those parts of liz truss s agenda? well, we are going to go through the whole growth agenda. you ve talked about a couple of areas, but i could talk about the potential of our technology industry to be the world s next silicon valley, the potential of our life sciences industry to develop new medicines, the fact that we have one of the world s two great financial centres, there are lots of things that we can do to turbo charge our economic growth and that is a central part of what this government will be doing. the strange thing about this, and i have to say, chancellor, actually, it s quite staggering, really, a few weeks into a new government to hear you this morning sitting and for reasons you ve explained very clearly, but basically ditching the entire thrust of what the prime minister wanted to do with the economy. who s in charge? you or her? the prime minister s in charge. really? yeah, and i think it
put in the cabinet people who had voted for her and that means that that s only a third of the conservative party in parliament. there is a huge amount of talent on the back benches. i m not talking about me, but there are many others who should be brought into government. the third is she needs to restore trust, trust with the voters but also not slagging off micro the institutions that are the bedrock of prosperity. organisations like the bank of england, like the office for budget responsibility, like the imf. you just can t go around being, saying that they ve all got it wrong. but around being, saying that they ve all got it wrong. around being, saying that they ve all got it wrong. but matt hancock, that s a long all got it wrong. but matt hancock, that s a long list all got it wrong. but matt hancock, that s a long list of all got it wrong. but matt hancock, that s a long list of demands i all got it wrong. but matt hancock, that s a long list of demands and i that s a lo
decisions that i m talking about, that is the best possible way to stop interest rates going higher than they absolutely need to because of these global factors. so that s the best thing i can do to help people worried about their mortgage. for people who are on the breadline, finding life extremely difficult. to those people, i want them to know this is a compassionate conservative government and we will be thinking about them at the top of our mind as we make these difficult decisions. but for people watching at home, we ve already lost count of the number of u turns from this government. and you ve said very clearly this morning that much of what liz truss promised the public is now gone, disappeared, ditched. why can people now trust anything that this government says? well, she s been prime minister for less than five weeks. and i would just say this, the central insight that she campaigned on during her leadership campaign and the reason that i am honoured to serve as her chancel