Sunak's spend now, tax later Budget

Chancellor Rishi Sunak presented his second Budget this week, tearing up Conservative economic orthodoxy with billions of pounds of spending and tax rises. What state are the UK's public finances in? And will he actually go ahead with planned spending cuts? Plus, we examine the 'levelling up' pledges and whether they go far enough to help rebalance the needs of the economy with those of the north of England. Presented by Sebastian Payne, with George Parker, Chris Giles, Andy Bounds and special guest Diane Coyle. Produced by Anna Dedhar and Josh de la Mare. The sound engineer was Breen Turner and the editor Aimee Keane. Review clips: Parliament TV, Institute for Fiscal Studies.

Read more on FT.com:

-Relocating UK’s civil service is crucial to Johnson’s levelling-up agenda

-Johnson under pressure to publish ‘levelling-up’ fund criteria

-Rishi Sunak prepares the ground for Tory election strategy

-Rishi Sunak’s un-Tory Budget confounds assumptions once again

-The Budget, your money and how to prepare for what comes next

-Sunak’s tax freezes are not as harmless as they seem

-The UK’s ‘new Tory’ economics are different but insufficient

-Read the latest on UK politics

-Follow @Seb Payne and @George Parker

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

View our accessibility guide.