22min chapter

Many Happy Returns cover image

Bracing for the Budget: Tax Rises, Black Holes & Growth, with Paul Johnson from the IFS

Many Happy Returns

CHAPTER

Navigating the Financial Black Hole

This chapter explores the £22 billion financial deficit threatening public finances, scrutinizing political ramifications and various types of financial shortfalls. It analyzes government borrowing practices, the implications of inflation-linked national debt, and the unfair impact of tax increases on different income groups. Additionally, the conversation addresses generational economic disparities and the pressing need for strategic tax reform to ensure fair distribution of wealth and sustainability in public services.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode