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Transcripts for BBCNEWS BBC News at One 20211028 12:13:00

it is interesting because although the chancellor was at pains to say at the end of the budget yesterday that yes, he wanted to eventually bring taxes down, the big message off that budget was that he is going to keep spending money and a lot of it. it was a spending budget. and there is a political calculation in that. the government has made some big promises at the last general election and it knows it might only have a couple of years left to deliver them. that s why rishi sunak and the prime minister are prepared to tax a bit more, to make sure they can spend. really interesting the experts have also been saying that some of that was linked to the pandemic like extra spending on the nhs, but a big pandemic like extra spending on the nhs, buta big portion pandemic like extra spending on the nhs, but a big portion of it was a political choice too. there is also though a political gamble in that because the big question is will we all feel the benefits of that extra

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