Latest / Best of Business / Enda Brady: UK correspondent on Donald Trump's tariffs on auto imports potentially sending the UK into recession

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Enda Brady: UK correspondent on Donald Trump's tariffs on auto imports potentially sending the UK into recession · Best of Business

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  Speaker 1: You're listening to a podcast from News Talks. It'd be
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  Speaker 1: follow this and a wide range of podcasts now on iHeartRadio.
• 0:16
  Speaker 2: Let's got it in the Bradio UK correspondent. Who's with
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  Speaker 2: us in the welcome?
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  Speaker 3: Hey Ryan, good speak to again and to you too.
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  Speaker 2: What's been the reaction to Rachel Raise, you know, the
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  Speaker 2: lovely labor Chancellor of the exchecka and some pretty fetcher
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  Speaker 2: like cats.
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  Speaker 3: Yes, so she's gone after people on sickness and disability benefits.
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  Speaker 3: That's all being reduced, loads of cuts and spending, and
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  Speaker 3: she hasn't ruled out the fact that taxes may have
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  Speaker 3: to rise. So look, I think it very much depends
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  Speaker 3: on which side of the political fence people sit on.
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  Speaker 3: A lot of people are criticizing her. A lot of
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  Speaker 3: conservatives are saying that this is awful. She will say
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  Speaker 3: in turn that she is dealing with the mess labor
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  Speaker 3: inheritage July of last year. I think the fact remains
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  Speaker 3: the UK economy is limping along. She has huge conundrums
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  Speaker 3: that I'm struggling to see where the answer is going
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  Speaker 3: to come from. Nine point two million people of working
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  Speaker 3: age in this country are not in work. They're not
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  Speaker 3: doing anything. They're not paying tax, they're not contributing to
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  Speaker 3: the economy. Nine point two million people. Now, we have
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  Speaker 3: ten percent of the working age population who are on
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  Speaker 3: sickness and disability benefits. So she has I don't know
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  Speaker 3: what has gone wrong in Britain, but she seems to
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  Speaker 3: be admirant that the decisions she's making today will bear
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  Speaker 3: fruit five or six years down the line. Politically, I
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  Speaker 3: wonder will she be chancellor in five or six months?
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  Speaker 2: Yeah, well to be fear to that, as you say,
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  Speaker 2: rock and a hard place, really, isn't it when you
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  Speaker 2: when you and heer, it's something like that. And just
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  Speaker 2: so recently as well, now Trump's terrorists on cars. What
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  Speaker 2: will this do to the UK? Could it actually wipe you? Growth?
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  Speaker 3: Well, growth is basically zero at the moment and has
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  Speaker 3: been from months and months on end, and that is
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  Speaker 3: the challenge for Reeves. She's saying that she wants to
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  Speaker 3: stimulate growth and all these cuts and changes that she's
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  Speaker 3: making now will bring growth eventually. Step forward. Donald Trump,
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  Speaker 3: he has announced that next Wednesday is Liberation Day and
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  Speaker 3: the plan is that he will whack twenty five percent
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  Speaker 3: tariffs on all manufactured cars coming into the United States.
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  Speaker 3: So what that means for the UK is very very
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  Speaker 3: bad news, indeed, because there's about thirty billion dollars worth
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  Speaker 3: of deals from the car manufacturing sector here that go
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  Speaker 3: to the United States. The EU is the number one
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  Speaker 3: market European Union. Britain's second biggest market for all of
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  Speaker 3: the vehicles that transports is the US. Twenty twenty four,
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  Speaker 3: the UK sold one hundred and one thousand units to America.
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  Speaker 3: And if he puts that tariffin as of next Wednesday,
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  Speaker 3: that it just will be untenable and that will send
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  Speaker 3: Britain in a tail spin back into a recession.
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  Speaker 2: Goodness, mate, the news just doesn't get better for rightel race,
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  Speaker 2: does it. The man that's been banned from an entire
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  Speaker 2: county for stealing.
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  Speaker 3: What Cabri's cream eggs. So, I don't know if you
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  Speaker 3: have them in New Zealand, but they're a nice little treat.
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  Speaker 3: They're the size of an actual egg that you would
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  Speaker 3: crack open and make an omelet with kids. Loved them,
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  Speaker 3: and they're getting more expensive like everything else in our shops.
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  Speaker 3: This guy, he's twenty six years of age from the
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  Speaker 3: Peterborough area. His name is Dion de Groute. He walked
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  Speaker 3: into Tesco supermarket and he left without paying with three
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  Speaker 3: hundred and twenty five Cabri's cream eggs. Now, one of
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  Speaker 3: the shop assistants was observing what this guy was doing,
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  Speaker 3: ran after him, and as luck would have it, a
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  Speaker 3: police patrol car was going right past the street. She
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  Speaker 3: flagged down the police patrol car. They got out, they
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  Speaker 3: stopped this guy. They put cuffs on him and you
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  Speaker 3: can see on the body cam footage the officer says,
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  Speaker 3: what have we got here, and the bloke says, Cabrey's
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  Speaker 3: cream eggs. So they sit down, they count them out.
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  Speaker 3: Three hundred and twenty five cre makes about four hundred
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  Speaker 3: and fifty dollars worth of chocolates. And this guy thought
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  Speaker 3: this was okay. So he has avoided a prison sentence.
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  Speaker 3: The judge says he's going to have a suspended sentence.
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  Speaker 3: He will do some community work, he will repay the money.
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  Speaker 3: The goods are gone back, obviously, but he now will
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  Speaker 3: be banned from the entire county of Cambridgeshire for three
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  Speaker 3: months in total. So there you go.
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  Speaker 2: It's a lot of eggs, a lot of eiggs. I'd
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  Speaker 2: hate to think how many easts does it take you
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  Speaker 2: to get furtherm in the thank you for That in
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  Speaker 2: the Brady our UK Correspondent.
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