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Hello, welcome to this podcast of Moneybox Live.

It's the programme about your money.

Today we've been looking at the Chancellor's Spending Review at the end of November.

And indeed, it was a spending review.

Spend like there's no tomorrow.

And to pay, we can always borrow. It's a strange motto for a Conservative Chancellor.

But Rishi Sunak's one-year spending plans do involve a lot of spending, paid for largely by a great deal of borrowing.

Nothing said on the subject of paying the growing bill by raising taxes, though most analysts think that will be inevitable when we get to his budget in March. But how will

this £394 billion borrowing plan affect us personally? Wages, jobs, benefits. With me, I have

three experts on spending and pandemic policies. Heather Self is a tax partner

at accountants Blick Rothenberg, which analyzes the government's plans. Heather Self, what was the one

thing that stood out for you in this spending review statement? I think the fact that, as you say,

he said absolutely nothing about tax. Sooner or later, hopefully later,

taxes are going to have to rise and there was just no hint of when or how that would happen.

...