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Merryn Talks Money
Live Event: What Did Rachel Reeves Risk With Her First Budget?
Oct 31, 2024
Join Stephanie Flanders, Bloomberg's Head of Economics, and Andy King, former Chief of Staff at the UK Office for Budget Responsibility, as they dissect Rachel Reeves’ first budget. They tackle the public’s response, exploring tax increases, spending ratios, and the delicate balance of public services against financial realities. The duo unpacks how budget decisions affect small businesses, wages, and the broader economic landscape while humorously musing on audience sentiments and the future implications for the UK economy.
51:08
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Quick takeaways
- Rachel Reeves' first budget results in unprecedented tax burdens and high public spending, raising questions about economic growth sustainability.
- The budget aims to maintain public services while addressing funding allocation challenges, with skepticism about productivity improvements from increased tax-to-GDP ratios.
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