Andy Burnham’s first Budget as Prime Minister is approaching – but have higher borrowing costs already made the sums more difficult for the Prime Minister and his Chancellor, John Healey? Former Bank of England chief economist Andy Haldane joins Michael Simmons to warn that Britain has little room left to borrow more.
In this segment from the Reality Check podcast, they discuss what could appear in next week’s Budget, Andy's thoughts about a potential wealth tax and the difficulties faced by the Bank of England.
To listen to the full episode, search for Reality Check wherever you get your podcasts, or watch it on The Spectator’s YouTube channel.
Produced by Patrick Gibbons and Henry Lloyd.
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