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Hello and welcome to Coffee House Shots, the Spectator's Daily Politics Podcast.

I'm Cindy Yu and I'm joined by James Forsyth and Katie Balls.

So it's a day after the budget and sometimes this is when things come unraveled.

James, what's been said today in a reception to the budget, and sometimes this is when things come enravelled. James, what's

been said today in a reception to the yesterday's budget? So the day after the budget is a

slightly different event than it used to be a decade or so ago, because before the establishment

of the office budget responsibility, the day after the budget used to be when the IFS popped up, took the budget

apart and all the things the politicians had tried to hide behind kind of smoke and mirrors in the

budget were going to brought to the forefront. Because we now get the OBR analysis of the budget

at the same time as the budget, you don't get that so much. So yesterday we had the OBR saying that the tax

burden was heading to its highest level in 50 years. You see a lot about in the coverage day.

I think the interesting, the polling suggests that the public see this budget as fair in inverted

commerce. And I think that's because there's a kind of balance in the tax rises. Yes,

more people are going to end up paying income Yes, more people are going to end up paying

income tax and more people are going to end up paying the higher rate of income tax because

you're freezing thresholds. But the fact that the other measure to pay for it is a big

hiking corporation tax, I think has made people feel that that's fair in a verdict on. I think

the other, what it looks like the polling seems to justify at the moment is the political punt that the public got that you couldn't go on spending like this

post-COVID. There was going to have to be some belt tightening, which in this case,

to come in more in the form of tax rises and spending cuts, does seem to have been accepted by the

public. James, what do you make of, speaking of the IFS,

...