Last week the chancellor, Rishi Sunak, unveiled his budget. He says his budget delivers a brighter economy for the UK: stronger growth, public finances, and employment.
The chancellor says he will give people the support they need to cope with the cost of living. Inflationary pressures are adversely affecting the UK economy, with the Office for Budget Responsibility (OBR) forecasting that inflation will be above 4% next year.
Nick and Jo review the budget and address the key takeaways. They also look ahead to the Bank of England’s Monetary Policy Committee’s (MPC) announcement this coming Thursday on interest rates.