The Morning After The Budget Before

Inside Briefing with the Institute for Government

Institute for Government

News, Politics, Government

4.6 • 252 Ratings

🗓️ 16 March 2023

⏱️ 48 minutes

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Summary

Jeremy Hunt hands a pensions tax break to the better off and free childcare to families. There’s £9bn of allowances to business – but little mention of public services and only vague assurances about falling living standards. What’s in the small print? Plus, Boris Johnson comes up before the Privileges Committee next week. Will it be a day of reckoning for the former PM? Henry Hill, Deputy Editor of Conservative Home, is our special guest. “By the standards of past budgets this is a success in that the Government hasn’t fallen over and gone on fire.” – Henry Hill “This economic situation hurts everyone’s living standards. Whatever is in the budget, people are going to feel that they’re just not getting better off.” – Giles Wilkes Presented by Hannah White with Jill Rutter, Olly Bartrum and Giles Wilkes. Audio production by Alex Rees. Inside Briefing is a Podmasters Production for the IfG. www.instituteforgovernment.org.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hello and welcome to this episode of Inside Briefing, the podcast from the Institute for Government.
0:15.1	I'm Hannah White. It's the morning after the budget the day before. So how did Jeremy Hunt's big day go?
0:22.2	We'll analyse the Chancellor's statement, assess his announcements and ask if he's right to say that the economy under his stewardship is proving the doubters wrong.
0:31.0	That's the big story of the week in Westminster, but a week is a long time in Westminster.
0:35.5	And next week, the new cycle moves on, and attention will return to Boris Johnson.
0:40.9	The former PM is up before the Privileges Committee to put his case in their inquiry into whether or not he lied to Parliament over Partygate.
0:48.3	We'll look ahead to the big showdown.
0:50.9	I'll be joined throughout by two IFG economic experts who in former lives worked in government,
0:56.3	and that's senior fellow Giles Wilkes. Hi, Giles. Good morning, Hannah. How are you?
1:01.2	I'm good, thank you. And senior fellow, Jill Rutter. Hi, Jill. Hi, Hannah. And I'm delighted
1:06.2	that Henry Hill, deputy editor at the influential website Conservative Home, is joining us for today's
1:11.4	episode. Hi, Henry. Good morning. So let's start with the story of the week, and that's the
1:16.7	budget. For this part of the podcast, we're going to be joined by Olly Bartram, our senior economist. Hi,
1:21.4	Olly. Hi, Hannah. Have you recovered from yesterday yet? Just about. It's nice to be back
1:26.7	in the rhythm of one or two fiscal events a year
1:29.1	rather than seven. So, as you say, the budget is supposed to be one of the big fixtures in the
1:35.6	parliamentary calendar, given recent events and in particular the actions of recent chancellors,
1:40.2	this was a big moment for Jeremy Hunt and Rishi Sunak's government. Henry, can I ask you to kick off?
1:45.8	This was Jeremy Hunt's first proper budget.
1:48.6	Did he do a good job?
1:49.9	I mean, within the very limited sort of field of possibility and expectation that I think
1:54.9	governs budgets at the moment, yeah, he didn't tread on too many immediately obvious
	...

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