Spring Budget: Fireworks or Safety First?
Podlitical
BBC
4.6 • 157 Ratings
🗓️ 7 March 2024
⏱️ 25 minutes
🧾️ Download transcript
Summary
Will the budget make you better or worse off, and what does it mean for Scotland? The team are joined by Mairi Spowage, Director of the Fraser of Allander Institute at the University of Strathclyde to deep dive into the Conservatives' 2024 spring budget, including the 2p cut to National Insurance and a proposed extension of the windfall tax on energy industry profits, which has caused concern inside the Scottish Conservatives. As the dust settles on the announcements, the team discusses if this is an election budget, if there's more to come, and if people will feel the difference in their bank accounts and bills.
Transcript
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| 0:00.0 | BBC Sounds |
| 0:02.4 | You're listening to BBC Scotland |
| 0:09.7 | Hi, you're listening to Podlitical BBC Scotland's podcast |
| 0:15.9 | It brings you an inside look at the big stories coming out of Holyrood and Westminster. |
| 0:20.0 | It's eight minutes past two |
| 0:21.1 | on Thursday the 7th of March. I'm Lucy White, a journalist based in Glasgow, and today I'm joined |
| 0:26.2 | by Georgia Roberts, Westminster correspondent in Westminster. Mary Spowage, the director of the Fraser |
| 0:32.1 | of Allender Institute at the University of Strathclyde. Thank goodness Mary has done this |
| 0:36.0 | podcast several times before, |
| 0:37.6 | because I usually explain to the guests that we say our own names, a novel concept, I know, |
| 0:44.5 | but she's also in the studio with me here, so I just did that horrible presenter thing of just |
| 0:48.1 | pointing at her and getting her to speak, but she's a professional. She did it right on cue. |
| 0:53.8 | Yeah, Mary, we've had you in on the podcast, |
| 0:56.7 | I think, for several budgets now, is that right? You're our go-to, the day after the budget |
| 1:04.1 | before, for all of us now. And, Mary, I wanted to start with you. The dust is somewhat starting |
| 1:10.8 | to settle now, isn't it? |
| 1:12.7 | Because you always get hit with all these numbers on the day of. |
| 1:15.4 | People like you have to crunch them and see what's actually in them. |
| 1:20.5 | Yesterday, very much the headline, even from before the budget for us, was the two-pence cut in national insurance. |
| 1:27.8 | 24 hours or so on, would you say that's still the headline that we should be focusing on? |
| 1:32.3 | Well, it's certainly the headline tax announcement that was made in the budget. |
| 1:36.9 | I mean, there were lots of different measures, you know, things around the VAT threshold, |
... |
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