Tug of War At Labour Conference

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Paddy O'Connell 0:00
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Paddy O'Connell 0:55
There you are, Laura. You look like you're in an electrical lighting showroom.
Laura Kuenssberg 1:00
You've rumbled me. I'm here choosing lights for a disco that I'm going to invite every newscaster in the country to.
Paddy O'Connell 1:06
Where are you?
Laura Kuenssberg 1:07
I'm in a List studio in Liverpool, which actually is very beautifully and dramatically lit. And I'm here because it's the Labour conference this weekend and we are interviewing the Prime Minister tomorrow.
Paddy O'Connell 1:16
Yes. Um and there were sort of shots fired, aren't there? There's a sort of uh rumble in the jungle between uh ministers who are meant to have collective responsibility.
Laura Kuenssberg 1:25
Yes, there is. And we'll talk about that today. And there's also some kind of helpful advice from people who didn't get a job in the cabinet. But I've got to say, overall the mood around Labour is transformed since this time last year. And they are very happy. Yeah. I mean, well, I haven't been to the conference centre yet, but I've spent talked to a lot of people on the phone. And it is a different universe, uh, with the new boss. But Paddy, look at energy prices, look at petrol prices, look at diesel prices, look about the cost of how much it's costing the government to pay for all its borrowing from years gone by. There is a suggestion and there is a bit of a creeping mood in the corners of the Labour Party that they're happy now, but by Halloween things might feel very different.
Paddy O'Connell 2:07
Let's spook ourselves on this Saturday newscast. Newscast.
Andy Burnham 2:12
Newscast from the BBC. Humanity's next great voyage begins. I don't know the Prime Minister is mate, do you? I'm Andy and I I'm not looking at my best right now. I see that he was I guess the mayor of a town. Ooh la la.
Adam Fleming 2:24
Thinking about it like a panto helped. And what will you do? Stare
Laura Kuenssberg 2:29
at a
Adam Fleming 2:29
wall.
Paddy O'Connell 2:29
Do we play music now or what do we do? Hello, it's Paddy in the studio.
Laura Kuenssberg 2:35
And it's Laura in the studio in Liverpool. Do you feel lonely? You look a bit lonely in the shot. You've got three empty chairs.
Paddy O'Connell 2:41
Yes, but there's lots of photographs of Adam and Chris that I could stroke if I was so psychotically minded. Um, I read in the paper that Andy Burnham didn't even stay for Keir Starmer's speech last year.
Laura Kuenssberg 2:52
Oh, you didn't, 'cause he had to leave sort of an embarrassment.

Why is Peter Kyle urging Andy Burnham’s government to act with more urgency on economic growth?

Laura Kuenssberg 2:54
So if we go back in time Last year Andy Burnham said we shouldn't have to be in hock to the bond markets. Now, newscasters you might think, Yeah, quite right. Why should a country be pushed around by the mighty financial markets? The problem is, if a government's borrowed billions and billions and billions of pounds, in a way that, sadly, you can't ignore what your mortgage provider tells you if they send you a stiff letter, you also as a government that has its own rules around borrowing and spending ignore messages from the bond market he moaned about and after that whole thing He sort of left early before the Starmer speech, he caused a huge flurry. And bizarrely, I remember some of Starmer's team sort of saying, Ha, and he's blown himself up, he's seen himself off, he's out of the way now, we're fine.
Paddy O'Connell 3:41
Oh. Oh. Yeah, I mean so 'cause he's good ev the critique is he's very good on the vibes, he's got the charm, but the rubber has to hit the road in the budget in late October. The lending prices or the borrowing prices for the government has gone up much as it has for consumers. Diesel prices are hitting a record high.

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