The Budget Explained

<p>Former Treasury worker, now Evening Standard journalist, Jack Kessler joins the podcast to reveal the thinking behind some of Rishi Sunak's big announcements.&nbsp;He tells us why income and corporation tax hikes are coming, and why they're being delayed. He also explains why successive budgets have seen freezes on fuel duty, including this one.&nbsp;</p><p>&nbsp;</p><p>Rishi Sunak's moment in the Commons came just a few months after Britain left the EU, but the word "Brexit" didn't appear at all in his speech.&nbsp;Jack says that's because announcements like the 'super deduction' business tax cut would be dwarfed by what's been lost through leaving the world's biggest trading bloc without a deal covering services.</p> &#10;&nbsp;<br /><hr><p style='color: grey; font - size: 0.75em; '>See <a style='color: grey; ' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>