Dr. Arun Advani, Professor of Economics at the University of Warwick, provides expert insights on the recent budget announcement. He discusses a monumental £40 billion tax increase affecting personal finances, including significant changes to inheritance tax and national insurance. The conversation includes implications for small businesses, particularly in hospitality, and examines the surprise cuts in alcohol duty, particularly for draft beer. Advani also tackles how these financial changes intertwine with government support for low-income households amidst growing economic pressures.