the economy is improving. the chancellor has been defending his budget, saying the government was investing in public services, future growth and people s skills and prioritising those on the lowest incomes. but a leading economic think tank has predicted that millions of people in the uk will be worse off in the short term due to tax increases and the rising cost of living. the institute of fiscal studies predicts that for many middle income families, living standards will fall over the coming year. here s our political correspondent nick eardley. hi, how are you? really nice to see you. he s enthusiastic, but how will the public feel about rishi sunak s budget? after the treasury s big pitch yesterday, today is about the detail. oh, i do, it s controversial.
living standards will fall over the coming year. here s our political correspondent nick eardley hi, how are you? really nice to see you. he s enthusiastic, but how will the public feel about rishi sunak s budget? after the treasury s big pitch yesterday, today is about the detail. oh, i do, it s controversial. mr sunak was spending his cash at bury market this morning, but over the next few years he s going to be spending a lot of taxpayer money, too, funded by the biggest tax burden since the 50s. so, will it be worth it? people should have reassurance that because of the plan we put in place a year ago to ensure that our economy now is recovering strongly, more people are in work and wages are rising, we can face the future with a bit more confidence. and yesterday we did take action and noticeably we froze fuel duty, especially when fuel prices are at almost a ten year high, but also we cut the tax on the lowest paid people, which i think will make an enormous difference. that s a
correspondent nick eardley. hi, how are you? really nice to see you. he s enthusiastic, but how will the public feel about rishi sunak s budget? after the treasury s big pitch yesterday, today is about the detail. oh, i do, it s controversial. mr sunak was spending his cash at the bury market this morning, but over the next few years he s going to be spending a lot of taxpayer money too, funded by the biggest tax burden since the 505. so, will it be worth it? people should have reassurance that because of the plan we put a place a year ago to ensure that our economy now is recovering strongly, more people are in work and wages are rising, we can face the future with a bit more confidence. and yesterday we did take action and noticeably we froze fuel duty, especially when fuel prices are at almost a ten year high, but also we cut the tax on the lowest paid people, which i think will make an enormous difference. that s a reference to
the chancellor has been defending his budget, saying the government was investing in public services, future growth and people s skills and prioritising those on the lowest incomes. but a leading economic think tank has predicted that millions of people in the uk will be worse off in the short term due to tax increases and the rising cost of living. the institute of fiscal studies predicts that for many middle income families, living standards will fall over the coming year. here s our political correspondent nick eardley hi, how are you? really nice to see you. he s enthusiastic, but how will the public feel about rishi sunak s budget? after the treasury s big pitch yesterday, today is about the detail. oh, i do, it s controversial. mr sunak was spending his cash at bury market this morning, but over the next few years he s going to be spending a lot