00:00Do you know, I did try. I tuned into your show briefly, but even I lost the will to live.
00:04Which is, I love you both after a while.
00:06But you can't not be belittling.
00:09I mean, obviously I've read all the papers this morning, but what it sounded like to me is that
00:13it sounded like a 45-minute begging letter for her job.
00:18And everything she talked about was stuff that was going to happen ten years down the line.
00:23It's like, you know, I know I've cooked up, but give me ten years and I'll sort it out, I promise.
00:27And no one's going to do that.
00:28That's, come on, we can't...
00:31Let me finish.
00:32She talked like the economy was powering ahead when actually it's on the floor.
00:37We're flat now.
00:38It's stagnating and has been for many years.
00:40No, it has not been for many years.
00:41It has been stagnating.
00:43When was the last time that economic growth was more than 0.3%?
00:48Do you know, from when they took over until the end of the year, there was zero growth.
00:53Bank of England announced that.
00:54Look, we can't criticise the government for not being interested in growth
00:57and then criticise them for, you know, announcing growth policies.
01:00Look, growth doesn't happen overnight.
01:01We know that.
01:02Doesn't take ten years.
01:03The problem that we've had in this country for such a long time is short-termism.
01:06Where governments announce things that can be delivered or can't be,
01:09in the case of the next year, there are some things that take years and years.
01:13We know that.
01:13If this was going to kick-start growth, why is the flagship announcement,
01:16Heathrow Airport, when she's admitted now that she hopes to get a development consent order
01:21signed within the lifetime of this parliament?
01:23That means they're not going to put a shovel in the land before the next election.
01:30It's a con.
01:31Michael O'Leary said yesterday, because the projections are 30 years,
01:34Michael O'Leary said yesterday, it could take up to 50 years.
01:36He all but called her a fool yesterday.
01:39He did.
01:39What was the word he said?
01:40He said she's had five years to prepare for being a councillor
01:43and she's actually screwed it all up in her first budget.
01:46And what scares me about her is she sees what's happening.
01:51She sees what her policies have done so far.
01:55And she's not admitting it.
01:56She's been told by business leaders that the rumours are there's like 150,000 job losses so far.
02:02But she's been told by businesses that they are being crippled by the NIRRs.
02:06She's not listening.
02:07She's just saying it'll work eventually.
02:09She doesn't look at the mistakes.
02:11She needs to just say, OK, that was wrong and this is what I'll try and do.
02:15But spewing out a whole load of policies that are long-term policies that may or may never happen.
02:21And they won't happen because she's going to be out after four years.
02:22Carol, no Chancellor is going to reverse a planned tax rise two months before it comes into effect.
02:29Because they look stupid.
02:29Obviously, the NIRRs is done.
02:31It will happen.
02:32It can be re-evaluated later in the Parliament.
02:34What we need chancellors and governments to do in general is to think beyond the life cycle of a single Parliament.
02:40Because one of the reasons that Britain is so paralysed, has become so incredibly uncompetitive, is that no government's thinking about no investment in infrastructure.
02:49What I don't understand is that whenever any of these big infrastructure projects have been mooted by the previous government,
02:58Starmer and Reeves were queuing up to say that we couldn't possibly afford it for the sake of the planet.
03:02We couldn't afford more aviation fuel in the sky.
03:08Well, suddenly, they seem OK with that.
03:11So, why?
03:12She voted against the expansion of the airport in her own constituency.
03:15No, she...
03:15Yes, she did.
03:16Well, she voted for a third runway at Heathrow when it was last bit of Parliament.
03:18She voted against the expansion of Leeds Airport in her own constituency.
03:22On environmental grounds.
03:23On environmental grounds.
03:24Not all airports are going to be the same.
03:25She's a hypocrite.
03:26Not all airports are going to be the same.
03:27Look, I happen to be against, personally, Heathrow expansion because I think it's too difficult to sort of meet it with the M25.
03:35But that's so interesting because you are on the political left and even you don't agree with what she wants.
03:40Well, a lot of people on the left hate.
03:42Who is she doing it for, then?
03:43Look, we need...
03:44I definitely agree that we need growth and, more importantly, we need to redistribute that growth.
03:48But for me, for example, the airport expansion should come at Gatwick, where the space is already there.
03:52Obviously, we need to balance that with climate commitments and that's...
03:56Well, that's gone out the window.
03:57Well, that's...
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