Wake Up To Money
Stepping Into Spring Statement
Mar 26, 2025
Julie White, Managing Director at D-Drill and chair of Build UK, discusses the anxiety in the construction sector ahead of the Spring Statement. Simon French, Chief Economist at Panmure Gordon, highlights how economic policy shifts impact business confidence. They dive into the ongoing bin strikes in Birmingham, addressing how local businesses are coping amid waste management challenges. The conversation also touches on the complexities of international developments affecting the UK economy and the frustrating ticket sales landscape driven by lack of transparency.
52:47
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Quick takeaways
- The Spring Statement by Chancellor Rachel Reeves reflects a balancing act between fiscal responsibility and economic growth, crucial for business confidence.
- The ongoing bin strikes in Birmingham underscore the tension between labor rights and the significant impact of industrial action on community well-being.
Deep dives
Spring Statement Impact on the Economy
The Spring Statement, delivered by Chancellor Rachel Reeves, is crucial for the UK economy as it outlines government spending plans and economic growth predictions. Key issues discussed include potential spending cuts, particularly in welfare, necessary to meet fiscal rules set by the Chancellor. As businesses and households await details on future taxation and investment, concerns arise over uncertainties affecting economic stability. The government’s approach reflects a careful balance between maintaining fiscal responsibility and supporting growth, a delicate interaction with wide implications for various sectors.
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