• Big taxes, big spending: A first look at the UK budget statement

  • Oct 31 2024
  • Length: 36 mins
  • Podcast

Big taxes, big spending: A first look at the UK budget statement

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  • Summary

  • In our 100th podcast episode, FAI Director Mairi Spowage and Deputy Director João Sousa join economist Hannah Randolph to discuss what was announced in the UK budget statement and how it will affect Scotland. We also talk about whether OBR publications alongside the budget shed more light on the budgetary "black hole" left by the previous government, and whether or not this budget signals a significant change in UK fiscal policy.

    Participants

    Dr Hannah Randolph, Economics Fellow, Fraser of Allander Institute, University of Strathclyde

    Professor Mairi Spowage, Director, Fraser of Allander Institute, University of Strathclyde

    Dr João Sousa, Deputy Director, Fraser of Allander Institute, University of Strathclyde

    Time stamps

    (0:20) How will the tax decisions taken in yesterday's budget affect people in Scotland?

    (9:10) How might the announcements yesterday influence the Scottish budget in December?

    (17:30) What has changed about the fiscal rules and what impact has it had?

    (29:50) Does this budget signal a change in the direction of UK fiscal policy?
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