Are Jeremy Hunt’s plans really a ‘Budget for growth’?
Political Fix
Financial Times
4.2 • 1.2K Ratings
🗓️ 17 March 2023
⏱️ 30 minutes
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Summary
Why was the chancellor buoyed by forecasts that the UK would avoid a technical recession when the economy is still set to shrink? We dissect the economic and political implications of Jeremy Hunt’s Budget, including his giveaway on pension limits - set to benefit the country’s richest - which Labour seized on as helping the wrong people.
Presented by George Parker, with economics editor Chris Giles, political columnist Stephen Bush, consumer editor Claer Barrett and special guest Torsten Bell, chief executive of the Resolution Foundation. Produced by Anna Dedhar and Manuela Saragossa. The sound engineer was Breen Turner
Claer Barrett’s new book is What They Don’t Teach You About Money: Habits to get you unstuck and on the road to financial freedom Order the book here
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Transcript
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| 0:27.8 | If you believe the Chancellor, it's all rosy on the economic front. |
| 0:37.6 | In the face of enormous challenges, I report today on a British economy |
| 0:43.3 | which is proving the doubters wrong. |
| 0:46.5 | Jeremy Hunt unveiled his spring budget this week |
| 0:49.2 | and arrived in the House of Commons with new official forecasts |
| 0:52.3 | showing the UK would avoid a technical recession this year. |
| 0:56.0 | But Labour's care, Starmer, wasn't buying it. |
| 0:58.6 | The more that he pretends everything is fine, |
| 1:01.2 | the more he shows just how out of touch they are. |
| 1:05.6 | We know the Tory cupboard is as bare as the salad aisle in our supermarket. |
| 1:12.6 | The lettuces may be out, but the turnips are in. |
| 1:18.0 | Welcome to Payne's Politics. |
| 1:19.4 | Your essential insider guide to Westminster from the Financial Times. |
| 1:23.0 | With me, George Parker, carrying on with my little side hustle |
... |
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