The first UK budget under Andy Burnham was, by most accounts, pretty underwhelming. So is all the big stuff being kicked into next year in the hope of better times? Or are the problems of huge and expensive government debt, and a weighty benefits bill, plus stagnant household incomes, simply unmanageable for a Labour administration? Phil and Roger ask Paul Johnson, former director of the Institute of Fiscal Studies, now Provost of The Queen’s College, Oxford, and senior adviser at Frontier Economics.
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