Planet Normal28 Sep 2022

Mini-budget, big problem

Strap in for an economic rollercoaster on the rocket this week. Fresh from his perch outside the Bank of England, co-pilot Halligan is here to break down why the mini budget has caused such big waves.

Liam thinks that the markets have overreacted, but the decision to cut the top rate of tax during a cost of living crisis was ‘venal’ and 'indulgent.' Allison agrees the move was an act of 'dumbfounding stupidity' so close to the Labour Party conference. She's frustrated that the new PM has been 'hiding behind the sofa' at such a crucial time.

Also joining our co-pilots on the sanctuary of sweet reason is leading economist Dr Gerard Lyons, who helped advise Liz Truss during her leadership campaign. Dr Lyons tells our co-pilots the Government 'mishandled communication over the mini budget,' and takes aim at the Bank of England over its failures on inflation.

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