Is there a stealth tax hidden in the spring statement?

While on the surface there might seem like a lot to like in Rishi Sunak's spring statement. Yes, the NI tax increase is still there, but the tax threshold to pay it is being raised. And there is even a promise of an income tax cut coming in 2024. But does the spectre of inflation mean that many of these supposed benefits won't be felt tangibly for the average taxpayer and may even see the amount they give to the government go up?

Katy Balls is joined by James Forsyth, Kate Andrews and Fraser Nelson to discuss.