Tom Waters

Ben Zaranko and Tom Waters from the Institute for Fiscal Studies dive into the complexities of public spending and potential cuts. They highlight how the £1.3 trillion budget is allocated, detailing pressures from an ageing population and health care costs. The duo discusses strategies for reducing welfare spending, including altering the Universal Credit system. They explore the trade-offs between cutting costs and maintaining service quality, revealing the political challenges that accompany any significant changes. Tune in for insightful takes on the future of public finances!