Budgets Depend on Assumptions

Rachel Reeves is presenting a budget built on assumptions that simply cannot survive the world we are about to enter. Share prices are likely to fall sharply. A banking crisis may follow. Pension funds could be hit harder than at any time since 2008.

And the Chancellor? She has offered only cuts, caution and neoliberal wishful thinking.

In this video, I explain why her budget is unravelling before she even delivers it — and why government action, not austerity, will be the only way out of the crisis that is coming.

Do you think Rachel Reeves is prepared for the crisis that may be about to hit the UK economy?