Austerity, But Later

<p>The Chancellor may delay some of the spending cuts needed to plug the hole in the public finances until after the next election, according to Bloomberg's reporting. Liberal Democrat Treasury spokesperson Sarah Olney says such delays are not going to do much to restore faith in the UK economy. She tells Bloomberg's Yuan Potts and Stephen Carroll her party favours extending taxes on oil and gas companies, and potentially revising the thresholds for capital gains tax. As Rishi Sunak touches down in Bali for the G20 summit, our Senior International Affairs reporter Marc Champion tells us of the diplomatic challenges the PM faces. Plus, we get a view on the UK economy from former Bank of England policymaker Michael Saunders.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>