Published:

UK Budget, UK Economy

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

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.

Episode notes

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

Timestamps

(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?

Authors

Hannah is a Fellow at the Fraser of Allander Institute. She specialises in applied social policy analysis with a focus on social security, poverty and inequality, labour supply, and immigration.

Picture of Mairi Spowage, director of the Fraser of Allander Institute

Mairi is the Director of the Fraser of Allander Institute. Previously, she was the Deputy Chief Executive of the Scottish Fiscal Commission and the Head of National Accounts at the Scottish Government and has over a decade of experience working in different areas of statistics and analysis.

João is Deputy Director and Senior Knowledge Exchange Fellow at the Fraser of Allander Institute. Previously, he was a Senior Fiscal Analyst at the Office for Budget Responsibility, where he led on analysis of long-term sustainability of the UK's public finances and on the effect of economic developments and fiscal policy on the UK's medium-term outlook.