Deputy Director João Sousa joins FAI economist Hannah Randolph to discuss our expectations for the budget statement on Wednesday as well as what we can learn from past chancellors’ first budgets and the role of the OBR in the budget process.
To read more about past chancellors’ first budgets, check out our latest publication, or read a summary on our blog.
Episode notes
Participants
Dr Hannah Randolph, Economics Fellow, Fraser of Allander Institute, University of Strathclyde
Dr João Sousa, Deputy Director, Fraser of Allander Institute, University of Strathclyde
Timestamps
(0:20) What do other chancellors’ first budgets tell us about what to expect in Rachel Reeves’ first budget statement?
(6:00) What historical budgets happened in similar conditions to the present and what can we learn from them?
(10:24) How has the role of the OBR in the budget process changed over time?
(17:20) What do we expect in the budget statement on Wednesday?
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.
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.