Unpacking a grim Spring Statement

In this insightful discussion, guest Ben Zaranko, an economist from the Institute for Fiscal Studies, delves into the grim realities following the recent Spring Statement. He highlights the downgrading of the UK's growth forecasts and the implications of welfare cuts that could escalate poverty rates. The conversation unveils the tougher fiscal landscape, where rising defense budgets conflict with social welfare needs. Zaranko emphasizes the political struggles faced by major parties, particularly Labour, in a shifting economic climate.