As Kwasi Kwarteng becomes Britain’s latest Chancellor, how much power really lies behind the door of No.11? Howard Davies, chairman of the NatWest Group and author of The Chancellors: Steering the British Economy in Crisis Times, joins Alex Andreou to discuss the influence of previous Chancellors, and the challenges facing Kwarteng as he takes his place at the Treasury.

“The treasury is unique in that it’s the only department not solely focused with spending Government money.”
“A good Chancellor will be prepared to stand up to the Prime Minister.”
“Sunak came into the treasury thinking Brexit was a good idea. That was a problem.”

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Written and presented by Alex Andreou. Lead Producer: Jacob Jarvis. Producers: Jacob Archbold, Jelena Sofronijevic and Alex Rees. Assistant producer: Kasia Tomasiewicz. Audio production by Alex Rees. Music: Kenny Dickinson. Group editor: Andrew Harrison. THE BUNKER is a Podmasters Production.

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Chancellor Would be a Fine Thing: The Power of No.11