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Sunak’s spend now, tax later Budget

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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

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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

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