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The Bigger Picture: What will be the outcome of Reeves' political Budget?

The Bigger Picture: What will be the outcome of Reeves' political Budget?

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 Professor Tim Evans of Middlesex University thinks that Rachel Reeves' highly-political Budget could have bought her and the Prime Minister some time, calmed the markets and even reunited the Labour Party. But what will be the unintended consequences? There will be a lot of deferred pain through tax rises. It could create weaker productivity, risk a two-speed economy, dampen consumer spending and investment, persuade more wealthy and talented people to emigrate, depressing tax revenue and it may yet prove inflationary. It will take some time before we get a clearer idea what the consequences will be. Learn more about your ad choices. Visit podcastchoices.com/adchoices
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