It’s been two days since chancellor Rachel Reeves put a £40bn tax increase at the heart of a plan to fix the country’s “broken” finances and public services, and unveiled a sharp increase in borrowing to fund an extra £100bn of capital spending. But will these measures bolster investment and growth in the UK economy? And what does the Budget tell us about the country’s economic direction over the next five years? The FT’s Lucy Fisher discusses these questions and more with UK political editor George Parker, columnist and host of The Economics Show Soumaya Keynes and economics editor Sam Fleming.

This is a recording of an FT Live subscribers’ webinar, recorded on Friday, November 1.

Follow Lucy on X: @LOS_Fisher, George on @GeorgeWParker, Sam @Sam1Fleming and Soumaya @SoumayaKeynes

Want more? Free links:

Budget poses new challenge for UK public finances, Moody’s warns

Business and wealthy bear brunt of £40bn tax increases in UK Budget

The Budget in brief: what you need to know

Reeves has made her choice — but success is not guaranteed

Rachel Reeves defiant after historic tax and spend Budget

Sign up here for 30 free days of Stephen Bush's Inside Politics newsletter, winner of the World Association of News Publishers 2023 ‘Best Newsletter’ award.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.