The views expressed on this podcast are those of the participants, not Arroyd's news.

They need to find money for long-term capital investment.

The United Kingdom is particularly weak on that front compared to other developed countries.

And without investment, there is no chance of increasing

economic prosperity and economic growth.

Budget Day is upon us. Next week, UK Finance Minister Rachel Reeves will unveil the first budget under her labor government.

Her task is all the more challenging, given the promises she and Prime Minister Kirstama

made to get elected. Capital gains, inheritance and real estate taxes may all go up, but will

it be enough to restore the country's creaking finances and how will business react?

These questions are the focus of this

week's views room. Welcome back to the views room, the weekly podcast that invites you, the listener,

into a lively debate with our fellow columnists about the biggest stories of the week. I'm your

host, Amy Donnellon. And I'm Jonathan Guilford. So Jonathan, a tricky balancing act.

This is what the UK is facing at the moment around its finances. So the government needs to

replenish a big hole that has been left from years and years of underinvestment in healthcare,

education, prisons, all sorts of things like that.

So what we're going to see next week is the big budget. So this is like what the UK is going to

spend its money on. And thankfully, we have Francesco Guerrera, our global head of economics at

Breaking Views, and Neil Unmax, who is very much a death specialist, I would

say, at breaking views and also an associate editor. So welcome back, Neil and Francesco.

Thank you. So Francesco, I mean, I think we're, Halloween is upon us, it's maybe an apt metaphor that the ghosts are haunting this budget.

Liz Truss, the former crime minister, blew out the costs of borrowing in the UK with lots of promises of tax cuts that were unfunded.

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