Tim Leunig

Tim Leunig, an economist and former economic advisor to the UK government, dives deep into Chancellor Rachel Reeves's budget aimed at reducing living costs. He explains the delicate balance of funding through increased taxes and the impact on inflation, energy bills, and other essentials. Tim highlights the significance of raising minimum wages and the potential removal of the two-child benefit cap to alleviate child poverty. He also discusses the uncertainties of projected economic improvements and how external shocks could affect the plan's success.