Fiscal Strategy and Election Timing

Chancellor Jeremy Hunt’s overriding message in his big pre-election Budget was that hard economic choices were paying off in the form of tumbling inflation, improved growth and the promise of more cuts to personal taxes. But his Budget also promises a brutal fiscal reckoning for whoever wins the general election expected later this year. Lucy Fisher discusses the Budget’s implications with FT economics columnist Soumaya Keynes and Political Fix regulars George Parker and Stephen Bush.

Follow Lucy on X: @LOS_Fisher

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Chancellor’s modest Budget giveaways set up fiscal pain for after election

Labour claims chancellor will create a £46bn fiscal hole with pledge to scrap NI

The 2024 Budget in brief

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Presented by Lucy Fisher. Produced by Manuela Saragosa with Leah Quinn. Audio mix and original music by Breen Turner. The FT’s head of audio is Cheryl Brumley. 

Read a transcript of this episode on FT.com

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