#LondonCalling: The middle class pays for the Sunak governments spending. @JosephSternberg @WSJOpinion
The John Batchelor Show
John Batchelor
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🗓️ 4 January 2023
⏱️ 13 minutes
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#LondonCalling: The middle class pays for the Sunak governments spending. @JosephSternberg @WSJOpinion
https://www.telegraph.co.uk/politics/2023/01/03/rishi-sunak-puts-maths-heart-vision-britain/
https://www.wsj.com/articles/britains-cautionary-tale-for-middle-class-u-s-taxpayers-income-fiscal-crisis-debt-governemnt-borrowing-11672326347
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| 0:27.0 | Slack.com slash DHQ. This is CBS Eye on the World. Here's John Bachelorette. |
| 0:40.9 | The new British government, Rishi Sunak and Jeremy Hunt, and their way forward for the |
| 0:47.1 | overwhelmed budget in Great Britain during the war in Ukraine, during the exit from the |
| 0:52.8 | European Union, with inadequate homegrown energy resources. No special planning about what |
| 1:00.0 | is to be done, have found a way I learned from Joseph Sternberg, member of the editorial |
| 1:05.9 | board of the Wall Street Journal, who writes his column, Politically Economics, from London. |
| 1:12.5 | So I go to Joe right now to ask for this magic formula that Mr. Sunak and Mr. Hunt |
| 1:17.7 | have presented with smiles on. Joe, a very good evening to you. Thank you very much. How |
| 1:22.3 | have they managed a budget that is overwhelmingly in a rears with no obvious source of revenue |
| 1:28.9 | into the future? And much complaining about there is no startup nation here. There's a |
| 1:34.9 | end game nation on strike. Good evening to you. |
| 1:38.2 | Hey, John. Well, I think that the story for 2023, especially in the UK, is going to be |
| 1:44.4 | this classic problem that the middle class always pays in the end. And I think that we're |
| 1:51.2 | starting to see that really come into focus with the budget plan that Rishi Sunak and |
| 1:55.6 | Jeremy Hunt unveiled back in November. And people are starting to think about the new |
| 2:00.2 | tax year that's going to start in April and understand exactly what all of these tax |
| 2:04.7 | changes are going to mean. And the basic point is that the intent is to balance the budget |
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