Sunak's spend now, tax later Budget
Political Fix
Financial Times
4.2 • 1.2K Ratings
🗓️ 6 March 2021
⏱️ 34 minutes
🧾️ Download transcript
Summary
Chancellor Rishi Sunak presented his second Budget this week, tearing up Conservative economic orthodoxy with billions of pounds of spending and tax rises. What state are the UK's public finances in? And will he actually go ahead with planned spending cuts? Plus, we examine the 'levelling up' pledges and whether they go far enough to help rebalance the needs of the economy with those of the north of England. Presented by Sebastian Payne, with George Parker, Chris Giles, Andy Bounds and special guest Diane Coyle. Produced by Anna Dedhar and Josh de la Mare. The sound engineer was Breen Turner and the editor Aimee Keane. Review clips: Parliament TV, Institute for Fiscal Studies.
Read more on FT.com:
-Relocating UK’s civil service is crucial to Johnson’s levelling-up agenda
-Johnson under pressure to publish ‘levelling-up’ fund criteria
-Rishi Sunak prepares the ground for Tory election strategy
-Rishi Sunak’s un-Tory Budget confounds assumptions once again
-The Budget, your money and how to prepare for what comes next
-Sunak’s tax freezes are not as harmless as they seem
-The UK’s ‘new Tory’ economics are different but insufficient
-Read the latest on UK politics
-Follow @Seb Payne and @George Parker
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Transcript
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| 0:00.0 | Do you hear that? |
| 0:05.3 | It might sound like nothing to you, but it's actually the sound of nuclear, wind and |
| 0:09.9 | solar energy. |
| 0:10.9 | At EDF, we're busy generating more British zero carbon electricity than anyone, to help |
| 0:16.7 | keep future energy costs down for everyone and help cut UK carbon emissions to nothing. |
| 0:22.4 | Sound good to you? |
| 0:24.0 | Find out more about our zero carbon generation at edfenergy.com slash help in Britain. |
| 0:30.4 | Rishi Sunak presented a spend now tax later budget this week, which pled to see Britain |
| 0:39.1 | through the worst of the COVID crisis, but postponed the tricky decisions till later. |
| 0:44.3 | The amount we borrowed is comparable only with the amount we borrowed during the two world |
| 0:50.5 | wars. |
| 0:51.5 | It's going to be the work of many governments over many decades to pay it back. |
| 0:59.6 | Welcome to Payne's Politics, your essential insider guide to what's happening in British |
| 1:04.0 | politics from the Financial Times, with me Sebastian Payne. |
| 1:08.5 | In this budget special, we'll be dissecting Rishi Sunak's big fiscal statement, what |
| 1:13.8 | it means for the UK economy and politics generally. |
| 1:16.8 | First, we'll dig into the spending pledges, the tax rises and the state of the public |
| 1:21.7 | finances with our gurus, political editor George Parker and economic editor Chris Giles. |
| 1:28.6 | And later, we'll be examining in detail the pledges to level up England, whether the |
| 1:34.5 | efforts to move civil servants out of London, open free ports and all these pots of money |
| 1:39.2 | will actually help left behind areas. |
| 1:42.0 | Andy Bounds, our north of England co-respondent, will be analysing along with special guest |
... |
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