What did Rachel Reeves’ budget reveal about the government’s priorities?

Inside Briefing with the Institute for Government

Institute for Government

News, Politics, Government

4.6 • 252 Ratings

🗓️ 30 October 2024

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rachel Reeves’ first budget might well be one of the most consequential in years – and is the biggest tax-rising budget in over 30 decades. Spending is up too. As is borrowing. So what does this all mean for the economy, for the government, and for people’s pockets? The IfG expert team gathered just a few hours after the chancellor’s statement to MPs to crunch the numbers and explain what the chancellor is trying to do. What decisions has Reeves taken on new fiscal rules, tax measures and public services? What does this budget mean for the government’s growth mission? Does Reeves have a credible plan for fixing the public spending “black hole”? And what does this budget reveal about this government’s priorities? Jill Rutter presents. With Giles Wilkes, Tom Pope and Stuart Hoddinott. Produced by Podmasters Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hello everybody and welcome to this Institute for Government Budget Day special webinar for what in the pod world is now known as a hot take on the budget.
0:20.0	We've given ourselves a couple of hours,
0:21.7	so maybe it's a slightly more lukewarm
0:23.9	and considered take than that.
0:26.1	But unlike there's other hot takes available
0:28.3	on inferior channels, we will also take your questions.
0:31.2	So start posting away on Slido,
0:33.9	and please upvote your favorite questions
0:35.9	because we're expecting lots and lots of questions to come in.
0:38.4	I want to make sure that we address the issues you're most fuss about.
0:41.5	Remember, if you're a civil servant, you can stay anonymous,
0:45.9	particularly if you're in the Treasury and have lots and lots of questions.
0:49.6	So who have you got on my panel?
0:51.4	First of all, I'm Jill Rutter.
0:52.5	I'm a senior fellow hire here at the Institute for Government.
0:56.2	I'm joined by our Deputy Chief Economist, Tom Pope,
1:00.4	Giles Wilkes, who advises everybody known to mankind
1:04.6	about industrial strategies and former special advisor
1:07.8	to Vince Cable and then Theresa May.
1:10.4	This government at the moment hasn't asked him back, but can only be a matter of time.
1:14.9	And then Stuart Hoddonaut, Stuart is a senior researcher in our public services team.
1:20.0	So let's dig straight in. Tom, let me start with you.
	...

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