This episode is sponsored by Canacord Genuity Wealth Management,

Experience Wealth Managers who go above and beyond to guide and support you.

Can-do is more than just an attitude.

It's navigating today for a brighter tomorrow.

Visit can do wealth.com.

Hello and welcome to coffee-hairs shots.

I'm Katie Balls, I'm drawn by David Miles from the Office

Budget Responsibility and Kate Andrews the economics editor The Spectator and we are going to talk

about the spring budget.

Okay, let's kick off, I think, with the main measures.

There is lots of talk in advance about national insurance

or income tax, or perhaps both.

What do we get? We got another to pee off employee national

insurance if you combine that with the measures in the autumn statement

this brings it from 12% down to 8%.

He's offered up today another 10 billion pound tax cut,

but this was not exactly news,

as it was widely expected as of yesterday,

really the past few days that national insurance

is what the chancellor would go for, not least because

it was the cheaper option to income tax. A penny off income tax would have required a 7 billion

pound cut, whereas a penny off national insurance required a 5 billion pound cut. We also had if there was

...