Owing to the pandemic: Britain’s budget
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 3 March 2021
⏱️ ? minutes
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer. |
| 0:09.4 | Every weekday we provide a fresh perspective on the events shipping your world. |
| 0:17.9 | Shifting the planet to low or no carbon economies is going to be expensive, but not every intervention |
| 0:24.2 | is as pricey as the next. We take a look at new ways to think about costs and how policy |
| 0:29.6 | makers can determine what's best in terms of value for money. |
| 0:33.2 | And, on the island of Zanzibar of Africa's East Coast, the government owns most of the |
| 0:38.8 | land, but its citizens that own each and every fruit tree. They're handed down the generations |
| 0:45.2 | and keeping track of who owes whom is no easy task. |
| 0:55.9 | Let's start, though. |
| 1:00.1 | Rishi Sunak has been Britain's Chancellor of the X-Checher, its keeper of the national |
| 1:04.7 | purse strings for just over a year. And today marks another significant moment in a |
| 1:10.2 | tenure defined by COVID-19. This afternoon, Mr. Sunak will deliver his 2021 budget, the |
| 1:16.9 | government's tax and spending plans for a Britain emerging from a pandemic. He'll have |
| 1:22.1 | to balance protecting jobs and supporting businesses with beginning to repay the eye-watering |
| 1:27.3 | 271 billion pounds, or $380 billion borrowed by the government over the past year. |
| 1:35.4 | Ahead of the speech, the Treasury released a highly-produced film with an upbeat Mr. |
| 1:40.1 | Sunak talking over stirring music. |
| 1:42.4 | And we've had a lot thrown at us this year. Everywhere I go, I just see that spirit of |
| 1:49.5 | resilience. |
| 1:52.2 | Mr. Sunak has earned himself a reputation for competence. The dashing and whip smart |
| 1:56.9 | 40-year-old is the bookmaker's favorite to be the next Prime Minister. But first, |
| 2:01.7 | he'll have to plot a careful course through the end of the pandemic. |
... |
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