
The Budget: Hunting for growth? – Politics Weekly UK
Politics Weekly UK
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What's Rishi Sunak's Guiding Economic Principles?
The OBR's projection that living standards are about to drop by 60% in the next two years. This should have been a big budget, and it should be a big budget on cost of living. But there was little comfort for people with the cost of living crisis. And then on wages, nothing on public sector pay, which was really surprising. The problem with the economy is not a lack of demand but supply constraints. You can't spend to borrow your way out of it.
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