Budget post-mortem: A new age of optimism?

Inside Briefing with the Institute for Government

Institute for Government

News, Politics, Government

4.6 • 252 Ratings

🗓️ 29 October 2021

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On 27 October, Rishi Sunak presented his third budget and the first multiyear spending review since 2015. Now the dust has settled, what did we learn? Why was the fiscal windfall so large? How did the chancellor choose to spend it? Was there evidence of a Brexit dividend? Did the spending review settlements meet the needs of public services? Can government become more productive to achieve much more with only a bit more money? Our special guest for this special edition was Chris Francis, government affairs director for SAP. This special Budget edition comes with welcome support from SAP. Find out more at www.sap.com/uk Audio Production by Candice McKenzie Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hello and welcome to Inside Briefing Extra, the podcast from the Institute for Government.
0:15.1	I'm Gemmatello, chief economist at the IFG, stepping briefly back into the presenter's chair
0:20.0	to bring you this bonus episode
0:21.3	to discuss Rishi-Sinak's third budget and the first multi-year spending review since 2015.
0:27.1	This special edition of the podcast is supported by SAP.
0:31.2	After two budgets delivered in the teeth of the pandemic, this was the first time that Rishi-Sinak was really able to look beyond
0:36.9	to what he termed
0:38.4	a new age of optimism. He was aided in this optimism by a substantial improvement in the
0:43.3	economic and fiscal forecast, which delivered him a sizable windfall in lower borrowing.
0:48.4	To chew over the fiscal events this week, I'm joined by three of my IFG colleagues and one special
0:53.0	guest. First up from the
0:54.9	IFG, we have Tom Pope, IFG's Deputy Chief Economist. Hi, Tom. Hi, Gemma. And also where this is
1:01.7	Jill Rutter, IFG senior fellow and one-time Treasury Press Secretary. Hi, Jill. Hi, Gemma.
1:08.3	And Graham Atkins, an associate director at the IFG who leads on our work on the performance of public services. Hi, Graham. Hello, Gemma. And Graham Atkins, an associate director at the IFG, who leads on our work on the performance of public services.
1:13.5	Hi, Graham.
1:14.3	Hello, Gemma.
1:15.7	And our special guest today is Chris Francis, Government Affairs Director for SAP.
1:20.3	Good to have you with us, Chris.
1:22.0	Good to be here. Thank you for the invite.
1:24.6	Chris, how closely do you follow all the drama on Budget Day? Were you pouring over
1:28.7	the documents all afternoon as we were? I do pretty much wait until the documents are out,
1:35.5	because that's my preferred method of working, but yes, it is a high tension day for everyone
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Institute for Government, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Institute for Government and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.