Budget 2021: To recovery and beyond?

03/02/21 • 33 min

Inside Briefing with the Institute for Government

On 3 March, Rishi Sunak will deliver his second Budget – almost a year on from the moment the government took the unprecedented step last spring to lockdown the country. With a third lockdown still in place, how will the chancellor deliver on Boris Johnson’s promise that the government will “continue to do whatever it takes to protect jobs and livelihoods across the UK”? What will the Budget do to support economic recovery once the lockdown is lifted? And will this Budget tell us anything about Sunak’s longer term ambitions for tax, spending, borrowing and debt?

In this edition of Inside Briefing Extra, IfG Chief Economist Gemma Tetlow is joined by former special advisor Will de Peyer, IfG senior economist Tom Pope, and IfG senior fellow Giles Wilkes.

Audio production by Candice McKenzie

#IfGBudget2021

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Audio production by Candice McKenzie

#IfGBudget2021

See acast.com/privacy for privacy and opt-out information.

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Previous Episode

EXTRA: Tony Blair on Coronavirus one year on

As we pass a year since the first case of Covid-19 was reported in the UK, the Institute for Government is delighted to welcome Tony Blair, Executive Chairman of the Tony Blair Institute for Global Change and former Prime Minister of Great Britain and Northern Ireland, to reflect on the last 12 months – and look ahead to the lasting impact of the pandemic and the challenges this poses for politicians and policy makers.

What lessons have we learned over the last 12 months?
How can countries adapt to the continuing existence of Covid-19?
What does ‘returning to normal’ really mean in the year ahead?
How will the pandemic change the UK?
How will it change the world?

Tony Blair is in conversation with Bronwen Maddox, Director of the Institute for Government.

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Next Episode

Budget: The Four Hundred Billion Pound Man

Business was taken aback when Rishi Sunak raised its tax bill in this week’s Budget – but the sums Sunak is dealing with are eyewatering. Is there enough in his plans for tapered support and delayed tax to stimulate a post-COVID recovery? Will a country that’s been sold on “levelling up” accept higher taxes by stealth and lowered living standards? Plus: what on earth is going on with Sturgeon vs Salmond – and how could it affect Scotland’s political future?

This week’s special guests are Torcuil Crichton, political editor of the Daily Record, and IfG Fellow and former advisor to Tony Blair John McTernan.

“It’s very clear that the Government are going to use the pork barrel. You can see the lineaments of Populist government” – John McTernan
“That was the emptiest budget box to come to Parliament in a long time, and Starmer was quite good at laying out what wasn’t there.” – Torcuil Crichton
“The Government seems to believe the economy has been suppressed and will come roaring back of its own accord” – John McTernan

Presented by Bronwen Maddox with Gemma Tetlow and Akash Paun. Audio production by Alex Rees

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