Can Jeremy Hunt fix this mess? – with IFS director Paul Johnson

Jeremy Hunt’s key task is fixing the damage of Truss and Kwarteng’s mini-budget – can he get us out of this mess? From freezing the wages of nurses and teachers, to adding VAT to Jaffa Cakes – what options does the Chancellor have? Paul Johnson, director of the Institute for Fiscal Studies joins Ros Taylor to look at what taxes might increase, how the Government can tempt the over 55s back into the workforce – and if there’s any cause for optimism.

• “Hunt probably has to look at the serious taxes… though it remains to be seen if this is politically feasible.” 
• “You can’t raise very large amounts of money from inheritance or capital gains tax.”
• “Younger people have seen very poor earnings growth – the last 15 years have been pretty much the worst since the industrial revolution.” 



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Written and presented by Ros Taylor. Lead producer: Jacob Jarvis. Producers: Alex Rees and Jet Gerbertson. Assistant producer: Kasia Tomasiewicz. Audio production by Jade Bailey. Music by Kenny Dickinson. Group editor: Andrew Harrison. THE BUNKER is a Podmasters Production. 

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