Finchot: Would you tread on the same path your predecessors did, or would you try something radically different? The previous governments have adopted a very conservative approach in dealing with their finances. This government wants to put more money in people's pockets and let them spend it on their own terms. They also abolished a levee on national insurance payments that was originally intended to fund the country's health care system. In effect, the government is foregoing tax revenues and will be spending an exorbitant sum of money over the next couple of years.
In today’s episode for 27th September 2022, we offer an oversimplified explanation on why the pound fell to an all-time low yesterday.