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this was andy haldane�*s take.be the thing - that gets growth going, that pays debt down? l the only way of paying debt down is getting the economy going? i not really. - that's not there. people are still feeling poorer and they're feeling poorer- because they are poorer. the tax take is going up, not down. monetary policy is getting tighter, not looser. - |and all of those are big headwindsj for growth that make me think this is another year of sogginess. do you think soggy? are you in the soggy camp? and marchais. i'd rather not be if there was an _ and marchais. i'd rather not be if there was an option _ and marchais. i'd rather not be if there was an option available! i and marchais. i'd rather not be if. there was an option available! you don't aet there was an option available! you don't get a — there was an option available! 7m. don't get a tricyclic that was a very gloomy way of putting it. i mean, look, so big picture. yes, look, the british economy has had a terrible 15 years, even before 2010... unemplo
this was andy haldane�*s take.be the thing - that gets growth going, that pays debt down? l the only way of paying debt down is getting the economy going? i not really. - that's not there. people are still feeling poorer and they're feeling poorer- because they are poorer. the tax take is going up, not down. monetary policy is getting tighter, not looser. - |and all of those are big headwindsj for growth that make me think this is another year of sogginess. do you think soggy? are you in the...
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let'sjust have a moment, though, to think about the overall this was andy haldane�*s take.wn? l the only way of paying debt down is getting the economy going? i not really. - that's not there. people are still feeling poorer and they're feeling poorer- people are still feeling poorer and they're feeling poorer, i laura, because they are poorer. the tax take is going up, not down. monetary policy is getting tighter, not looser. - |and all of those are big headwindsj for growth that make me think this is another year of sogginess. soggy, do you think soggy? are you in the soggy camp? i'd rather not be if there was an option available! you don't get a choice. all right. thanks, paddy. that was a very gloomy way of putting it. i mean, look, so big picture. yes, look, the british economy has had a terrible 15 years, even before 2010... unemployment 3.9%. unemployment is at 3.9%, which is very low, historically. i think you're being one of the sort of... liz truss would see you as one of those... i was about to tell you reasons to be perky before youjumped in there! all right. i
let'sjust have a moment, though, to think about the overall this was andy haldane�*s take.wn? l the only way of paying debt down is getting the economy going? i not really. - that's not there. people are still feeling poorer and they're feeling poorer- people are still feeling poorer and they're feeling poorer, i laura, because they are poorer. the tax take is going up, not down. monetary policy is getting tighter, not looser. - |and all of those are big headwindsj for growth that make me...
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Mar 10, 2024
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that is the point and andy haldane said he thought that you should be more flexible about the spendingut you have chose to stick to the same spending rules as a conservatives. i worked in the bank of england like andy haldane before i became an mp and i feel that the importance of fiscal rules in providing a constraint in which governments act is very important. you saw what happened when liz truss and kwasi kwarteng tried to circumvent the rules. they undermined the bank of england. i won't do that. making sure that the sums add up and we start to get debt on a downward trajectory is important. we separate current and day—to—day expenditure from capital expenditure. that is important, business investment is lower than any other g7 economy. we need that public investment to leverage the private sector. if we change our economy... that is why growth is the nmber one mission of a labour government. that is the way we improve living standards and get the money i know we need for public services. if you win, as you hope, and if you then get the economy growing, which is your ambition, what
that is the point and andy haldane said he thought that you should be more flexible about the spendingut you have chose to stick to the same spending rules as a conservatives. i worked in the bank of england like andy haldane before i became an mp and i feel that the importance of fiscal rules in providing a constraint in which governments act is very important. you saw what happened when liz truss and kwasi kwarteng tried to circumvent the rules. they undermined the bank of england. i won't do...
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andy haldane, you have observed, watched, so many of these events.r from jeremy hunt today?- events. what do you want to hear from jeremy hunt today? well, what i would love to — from jeremy hunt today? well, what i would love to hear _ from jeremy hunt today? well, what i would love to hear is the _ from jeremy hunt today? well, what i would love to hear is the fiscal- would love to hear is the fiscal rules might be tweaked. they are stunting growth for me, right now. i think that probably won't happen, ewan won't hear that from jeremy today so the most pressing thing actually is the funding crisis facing local crises right now —— the funding crisis facing local councils right now. funding crisis facing local councils riaht now. . v funding crisis facing local councils riaht now. . �*, , right now. that's interesting because when _ right now. that's interesting because when you _ right now. that's interesting because when you say - right now. that's interesting because when you say the l right now. that's interesting . because when you say the fisca
andy haldane, you have observed, watched, so many of these events.r from jeremy hunt today?- events. what do you want to hear from jeremy hunt today? well, what i would love to — from jeremy hunt today? well, what i would love to hear _ from jeremy hunt today? well, what i would love to hear is the _ from jeremy hunt today? well, what i would love to hear is the fiscal- would love to hear is the fiscal rules might be tweaked. they are stunting growth for me, right now. i think that probably...
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this is the point that andy haldane was making on your programme last week.e back into work, ensure that they've got the skills to succeed and boost productivity. and our plans are about doing exactly that. rachel reeves talking to laura kunessberg earlier. our political correspondent peter saull shared his analysis on the comments she made. polls suggests that rachel reeves may well be the next chancellor. so we all want to know exactly what she's going to do differently from jeremy hunt. now, labour does have, like the conservatives, pretty strict rules to keep tabs on government debt and borrowing, labour allow a little bit more room for manoeuvre in terms of borrowing to invest in long term projects. but, you know, she did acknowledge that things will not improve overnight. as we heard in that clip there. she also confirmed that her party remains committed to a series of reforms to workers' rights, such as banning zero—hours contracts. but rather than setting out a radical, fresh approach, i think her central political calculation is that she needs to sho
this is the point that andy haldane was making on your programme last week.e back into work, ensure that they've got the skills to succeed and boost productivity. and our plans are about doing exactly that. rachel reeves talking to laura kunessberg earlier. our political correspondent peter saull shared his analysis on the comments she made. polls suggests that rachel reeves may well be the next chancellor. so we all want to know exactly what she's going to do differently from jeremy hunt. now,...
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Mar 10, 2024
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i worked in the bank of england like andy haldane - conservatives.s in provide oog constraint in which governments act is very important, you saw what happened when liz truss and kwasi kwarteng tried to circumvent the rules. they undermined the bank of england. i won't do that. making sure that the sums add up and we start to get debt on a down ward trajectory is important. we separate current and day—to—day expenditure from capital expenditure. that is important, business investment is lower than any other g7 economy. we need that public investment to leverage the private sector. if we change our economy... that is why growth is the no 1 economy... that is why growth is the no1 mission of economy... that is why growth is the no 1 mission of a economy... that is why growth is the no1 mission of a government. that noi mission of a government. that is the way we improve living standards and get the money i know we need for public services. tt you we need for public services. if you win, as we need for public services. if you win. as you _ we need for p
i worked in the bank of england like andy haldane - conservatives.s in provide oog constraint in which governments act is very important, you saw what happened when liz truss and kwasi kwarteng tried to circumvent the rules. they undermined the bank of england. i won't do that. making sure that the sums add up and we start to get debt on a down ward trajectory is important. we separate current and day—to—day expenditure from capital expenditure. that is important, business investment is...
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the balancing act i have is that as i know andy haldane will agree, one of the most effective ways to have a plan that people like the international monetary fund say will see the british economy growing faster than any large european economy over the next... it's still looking pretty anaemic. it will grow faster than france, germany, italy, orjapan, over the next five years. we need to stick with that plan. it is not the time to go back to square one. it is how we bring down debt, bring taxes down, create more jobs and create the high—wage, high—skill economy everyone wants. will you be chancellor by the time of the election? absolutely and i hope to be chancellor after the election because i think people will look at the fundamental choice and they know we have been through a difficult period but they know they have a government with a clear plan for the economy that is creating jobs, bringing in investment, and have seen us grow faster than similar european countries. the choice between that and a labour party that has abandoned its economic plan... i know you will talk... we will
the balancing act i have is that as i know andy haldane will agree, one of the most effective ways to have a plan that people like the international monetary fund say will see the british economy growing faster than any large european economy over the next... it's still looking pretty anaemic. it will grow faster than france, germany, italy, orjapan, over the next five years. we need to stick with that plan. it is not the time to go back to square one. it is how we bring down debt, bring taxes...
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Mar 13, 2024
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then you have other respected economists like andy haldane who say they are too tight.ticularly fast at the moment. the last published numbers, we are in a technical recession because we are in a high interest rate environment because of the need to bring down inflation. but in that context it is right to try within sensible fiscal rules to do everything you can to get the economy back growing again and that is what i have been trying to do. ., ., , , and that is what i have been trying to do. ., .,, , ., and that is what i have been trying todo. ., , ., ., to do. your hope is that growth will be the thing _ to do. your hope is that growth will be the thing that _ to do. your hope is that growth will be the thing that changes, - to do. your hope is that growth will be the thing that changes, that i to do. your hope is that growth will be the thing that changes, that willj be the thing that changes, that will actually— be the thing that changes, that will actually start to see out performance in terms of that percentage debt in the economy? growth _ percentage debt in th
then you have other respected economists like andy haldane who say they are too tight.ticularly fast at the moment. the last published numbers, we are in a technical recession because we are in a high interest rate environment because of the need to bring down inflation. but in that context it is right to try within sensible fiscal rules to do everything you can to get the economy back growing again and that is what i have been trying to do. ., ., , , and that is what i have been trying to do....
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Mar 20, 2024
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, very course, andy haldane, the very distinguished former chief. what are you proposing? >> to claw back >> do you want to claw back control of the of england? control of the bank of england? do resent independence do you resent the independence they you they have, even though you strongly believe in sovereignty and having control? what sovereignty ? what sovereignty? sovereignty? what sovereignty? the its own the bank having its own sovereignty you like that? >> deathly good. does putting another financial civil servant into effectively have an important hand on the lever of our country? i don't believe look , i've worked i've worked in look, i've worked i've worked in america and they have a similar system really there. i mean, the fed is an enormously strong person, in fact, stronger actually, than the prime minister, that the president that can't be said over here. basically, you get a failure , basically, you get a failure, the financial conduct authority failure in bailey , and you step failure in bailey, and you step in as a policeman into t
, very course, andy haldane, the very distinguished former chief. what are you proposing? >> to claw back >> do you want to claw back control of the of england? control of the bank of england? do resent independence do you resent the independence they you they have, even though you strongly believe in sovereignty and having control? what sovereignty ? what sovereignty? sovereignty? what sovereignty? the its own the bank having its own sovereignty you like that? >> deathly...
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Mar 21, 2024
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, very course, andy haldane, the very distinguished former chief.oposing? what are you proposing? >> to claw back >> do you want to claw back control of the of england? control of the bank of england? do resent independence do you resent the independence they you they have, even though you strongly believe in sovereignty and having control? what sovereignty ? what sovereignty? sovereignty? what sovereignty? the its own the bank having its own sovereignty you like that? >> deathly good. does putting another financial civil servant into effectively have an important hand on the lever of our country? i don't believe look , i've worked i've worked in look, i've worked i've worked in america and they have a similar system really there. i mean, the fed is an enormously strong person, in fact, stronger actually, than the prime minister, that the president that can't be said over here. basically, you get a failure , basically, you get a failure, the financial conduct authority failure in bailey , and you step failure in bailey, and you step in as a policema
, very course, andy haldane, the very distinguished former chief.oposing? what are you proposing? >> to claw back >> do you want to claw back control of the of england? control of the bank of england? do resent independence do you resent the independence they you they have, even though you strongly believe in sovereignty and having control? what sovereignty ? what sovereignty? sovereignty? what sovereignty? the its own the bank having its own sovereignty you like that? >>...