Name: 英國經濟。英國經濟：鮑里斯-約翰遜掌握了控制權｜FT (The UK economy: Boris Johnson takes control | FT)
Uploaded: 2021-01-14T09:54:30.000Z
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It's great to see you all here and congratulations...

So, in a huge battle for power, Dominic Cummings,

Prime Minister Boris Johnson's principal and very dominant

adviser, has seen off the chancellor of the exchequer

Are you responsible for Sajid Javid resigning yesterday?

There have been occasions in which chancellors

And sometimes an adviser's been involved, most famously when

Nigel Lawson left because of his objection

to Margaret Thatcher's adviser, Alan Walters.

But this is more fundamental because the adviser's

Well, they wanted to take over all the advisers

that the chancellor had and replace them with their own.

In other words, they wanted to make the Treasury completely

So this is a coup, of a kind, a really profound transformation,

at least for the moment, of British government.

So what are they going to use this power for?

Well, it's pretty obvious that the big issue here,

the big policy issue is that Sajid Javid,

the previous chancellor, wanted to preserve

traditional Conservative Treasury policy.

He wanted to eliminate or keep to zero the current budget

the way that Philip Hammond used to do it.

And clearly this is no longer where we are.

It's been a huge honour to serve as chancellor of the exchequer.

Whilst I was very pleased that the prime minister wanted

to reappoint me, I was unable to accept the conditions

We can expect probably some tax increases in support of it.

They're talking about some quite radical ideas like a mansion

Well, obviously the government, this government,

wants to vindicate its decision to get a whole new class

of voters in former Labour constituencies,

And that means, first of all, lots more spending

on high-priority public areas like the National Health

So this would be a more general end of austerity sort of policy

and then much more investment and much more

The difficulty with this is it's just very, very hard to do.

The forces that have generated the rising regional inequality

They reflect the very powerful economies of agglomeration,

the way in which skilled and educated people are brought

together in our major cities, particularly

And reversing that is very, very difficult from everything we

But it is pretty clear that this government

and the chancellor, Number 11, is concerned.

And we are in a new effort to reach reform and make

more dynamic parts of the British economy which

Well, it's going to be the really interesting thing.

But it's certainly something challenging and new.