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If the Budget can increase the size of the economic pie then we will all be better off

by News Room
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The run up to the Budget next Wednesday has felt more leaky than a kitchen colander. So with little new to be said, I answer the three questions about the Budget I’ve been asked most.

How bad will the Budget be?

There’s a perception that what Rachel Reeves announces will be terrible for everyone. That seems to stem from the government’s talk of “black holes” and “funding gaps”. And it’s no secret that taxes will be raised, on my reckoning by around £25bn. So the Budget will be bad news for those households and businesses that bear the brunt of the tax rises.

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